The Garret Cos. is looking to turn a vacant 130,000-square-foot office building south of Denver into apartment units. The building, next to a Top Golf, will be demolished to make way for the apartments.
The 18.9-acre site in Centennial would be converted into 368 multifamily units. The Denver Business Journal reports that the company’s Havana multifamily project would include 14 buildings at 6901 S. Havana St.
The Garrett Cos. submitted a site plan for the project in April. The City Council still needs to approve it. Garrett’s Colin Wattleworth said, “Office space is not in demand in the submarket and is oversupplied.”
Information submitted to the council states that the proposed project would include a pool, spa, amenity courtyard, playground, dog park and multiple grilling stations. The clubhouse will feature a gym, yoga studio, private workstations, a game room, a coffee lounge and a conference room.
Last month, the company announced it would build a $90 million apartment community in Longmont.
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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