Denver’s Metro State Greenlights First Student Housing Project

Denver’s Metro State Greenlights First Student Housing Project
News| July 3, 2025| Mike Boyd
Phoenix & Southwest + Student Housing

Metro State University in Denver is known as a commuter school. That’s about to change. Columbia Ventures and Auraria Campus are constructing a $115 million, 12-story building with 550 beds on the school’s campus.

Called Summit House, the 200,000-square-foot student housing structure will be on an empty plot of land on Auraria Parkway, across from Ball Arena. It will be next to Springhill Suites by Marriott Denver Downtown.

Construction should begin in early August. The tower will open in the fall of 2027.

Food and beverage options will be added to the first floor of Summit House. The second floor will be the site of the school’s Classroom to Career Hub, or C2 Hub, a program that connects students to potential employers.

PCL Construction will be the general contractor for the building, and SAR+ is the architect.

MSU Denver will issue up to $135 million in debt, funding that will be used for the student housing portion of the project.

Other News

Multifamily Refinancing Squeeze: 41% Higher Costs, $6.8B Equity Gap

Apartment Buildings

Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...

Learn more

Mortgage Rates Tilt Demand Toward Multifamily: Marcus & Millichap

Apartment Buildings

An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...

Learn more

Revere, MA Weighs 1,700-Unit Housing Project

Boston & New England + Apartment Buildings

The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up