Denver Redevelopment Project Leader Lands $63M Loan
The Denver Downtown Development Authority (DDDA) approved a low-interest loan up to $63 million to support the High Fidelity Plaza redevelopment. The total project cost is estimated at $315 million.
The High Fidelity Plaza project will convert 1 million square feet of existing commercial office space into a mixed-use residential development featuring over 700 apartment units, improvements to the public plaza space, and new retail and amenity space designed to activate the street level, including plans for a bodega, coffee shop, children’s museum, child care center, and book store. In compliance with Denver’s requirements, at least 70 of the residential units will be restricted to 60% AMI affordability. The two towers occupy an entire block in Upper Downtown and are connected by a shared plaza, an interconnected basement including underground parking garage, and a link building.
The developer is The Luzzatto Company, working with HLW International, MDP Engineering Group, R&R Engineers, and Thornton Tomasetti. The Beck Group is the construction partner.
On April 8th, join the leaders from Porter Kyle, Asset Living, National Bank of AZ, Thorofare Capital, Mark-Taylor Companies, Walton Global, Dekker Design, Marcus & Millichap Capital Corporation, Zonda Advisory, and more for a focused look at where multifamily, SFR, and BTR are headed in Greater Phoenix.
Register to attend: www.ConnectPHXMF2026.com | Connect Phoenix Multifamily, SFR & BTR | Wednesday, April 8th at The Westin Kierland Resort & Spa, Scottsdale.
Other News
RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
Learn more
Pasadena Offices Sell for Residential Conversion
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
Learn more
Berkadia Negotiates Student Housing Property Sale in Kansas
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout