A handful of renters have settled into an $88.5 million apartment complex near Union Station, and the building has more tenants lined up as it finishes work on the top floors.
Commercial Real Estate
An empty Family Dollar space on Broadway is set to be redeveloped into a small retail strip that will include a wine shop and a restaurant.
A California entity has unloaded a third apartment complex, pushing recent apartment building sales in Glendale above $70 million. And the property’s new owner is planning six-figure upgrades.
A Denver real estate firm has bought two apartment complexes that total more than 550 units in Glendale. It plans to renovate the 40-year-old buildings and raise rents, and it has another large apartment deal in the works nearby.
An office property near Union Station has changed hands for the second time in less than five years. And the price of the building jumped up $54 million since 2011.
Turning away from the one-bedroom boom, a local developer is building a nearly 50-unit apartment project in RiNo that will be targeted more toward young families with two-story layouts.
A furniture store in Cherry Creek is kicking off a major plan to enlarge its showroom space and is starting demolition at a neighboring former restaurant property.
A newly launched extended-stay concept by Hilton is set for arrival near the Denver Airport, bringing more than 100 rooms to the already bustling airport area.
A law firm is launching its own development project and intends to redesign its RiNo office building to create a new work space for smaller practices.
A 270-unit apartment building is taking the place of a former Denver Public Schools building as other residential and hotel developments go up around it in the neighborhood.