One of Cherry Creek’s most active developers plunked down $35 million last week for two plots of prime Cherry Creek real estate with plans for fancy apartments and a new hotel.
Commercial Real Estate
Keeping an eye on the expanding redevelopment trend, a Boulder development firm has bought a $1.2 million lot of land for a residential and retail project.
Clarification: A previous version of this story incorrectly reported the address and renderings of a different Adams Development project in Jefferson Park. Adams Development broke ground in September on a $7 million mixed-use development on the northwest corner of 25th Avenue and Eliot Street in Jefferson Park.
A developer with a new apartment building up and running and a $70 million hotel underway in Cherry Creek has purchased a small piece of land in the neighborhood.
A Boston firm is taking over another floor in a Greenwood Village building with plans to invest millions in its office and bring on hundreds of new employees.
Not long after Arel Capital finished a 500-unit acquisition this summer, the firm just bought 100 units more in Glendale.
A recent report by CBRE shows that between 2009 and 2014, 36 percent of all new industrial leases were signed by marijuana companies — and the specialized space needed by growers has pushed rents up.
A Greenwood Village real estate investment firm has scooped up a 19-story office tower in Glendale from a Washington, D.C. company that had owned it for 10 years.
An art gallery on Santa Fe Drive is closing down, and the artist is looking to sell the recently renovated building for $510,000.
With other apartment projects already underway elsewhere in the area, a developer is planning to add another 60 low-income units on Santa Fe Drive in a part-rehab, part-build undertaking.