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Page Background Ripe for tenants Sidford Capital buys a Cherry Creek office building that it will bring to the market

Inside

10 6 First in class A top apartment asset in Greenwood Village sells for $91 million

OCTOBER 18-31, 2017

16 Big demand Eastpark 70 launches construction of a speculative industrial building to meet demand for large blocks of space 23 Teacher’s pet A former elementary-school-turned-retail center sells above asking price Featured Quarterly

by Jill Jamieson-Nichols

The once-bustling Market

Street Station will come rolling

back to life with Continuum

Partners beginning a $200 mil-

lion redevelopment of the site

at 16th and Market streets.

The new Market Station, to

be completed in summer 2019,

will turn the former Regional

Transportation District bus ter-

minal on the 16th Street Mall

into a mixed-use hub of activ-

ity. It’s an opportunity that,

particularly from a retail view-

point, doesn’t exist anywhere

else in Denver.

“There are still going to be

locations where people can

build office product and resi-

dential product, but really

nothing offers the retail oppor-

tunity that this site does,” said

Roger Pecsok, Continuum

Partners development direc-

tor.

“It’s on 16th Street, which

speaks for itself, but it’s also

being located between Market

and Blake, which are the one-

way arterials taking traffic in

and out of LoDo from Inter-

state 25. And then being locat-

ed between Coors Field and

the Pepsi Center, we’re just

right in the middle of all that

activity from every direction,”

he said, adding the site’s foot-

Market Station promises ‘great energy’

by Jennifer Hayes

A newly built apartment

property in RiNo has a

new owner.

Chicago-based

AMLI

Residential paid $89.25 mil-

lion, according to public

records, for The Crossing at

Denargo Market, a 321-unit

community at 2525 Wewat-

ta Way in Denver.

Argyle Residential sold

the River North property,

renamed AMLI Denargo

Market, which is situ-

ated within the Denargo

Planned Unit Develop-

ment.

Located less than a mile

from downtown Den-

ver and down the street

from Coors Field, AMLI

Denargo Market is the sec-

ond phase of the Denargo

PUD. The five-story wrap

project is situated on 3.07

acres with 254,559 net

rentable square feet.

Common-area facilities

include a leasing center,

theater room, swimming

pool surrounded by a

landscaped/hardscaped

courtyard, passive court-

yard, furnished outdoor

living area, business center,

conference room, rooftop

club room, fitness room

and outdoor amenity deck

with dramatic downtown

views.

Apartment amenities

include 10-foot ceilings,

simulated wood flooring,

granite countertops, pen-

dant lighting and stainless

steel appliances.

“It’s a great product, it

was executed really well,”

said Jordan Robbins of

Holliday Fenoglio Fowler

LP. Robbins, along with Jeff

Haag and Anna Stevens of

HFF, represented the seller.

The property is finishing

lease-up and was around

90 percent occupied at the

time of sale.

With the acquisition,

AMLI owns approximate-

ly 3,000 units.

s

AMLI invests in RiNo with $89.25M buy

Argyle Residential sold the 321-unit Crossing at Denargo Market, renamed AMLI Denargo

Market.

Please see Continuum, Page 40

Market Station will combine 85,000 square feet of retail space with 95,000 sf of office space, high-end

apartments and micro-units.

CONTENTS

Multifamily 6

Office

10

Retail

14

Industrial 16 Rebchook RE Corner 18

Boulder County

20

Larimer & Weld Counties

22

Colorado Springs

23

Finance 24 CDE 28

Law & Accounting

35

Who’s News 36