The Denver City Council approved a zoning request allowing a four-team joint venture to move forward with a development that would include nearly 700 new housing units and between 50,000 and 125,000 square feet of retail, commercial and hospitality space.
Known as the Denver Spur development, the project covers 74 acres to the east of Peña Boulevard and south of 56th Avenue, bounded by Telluride Street.
The zoning change allows eight-story development on two parts of the land and permits five-story buildings across the majority of the site. The land use types include drive-thru and shopfront building forms, as well as general residential and commercial uses.
The Denver Business Journal reports the land was purchased in 2018 for $14.5 million by a group including Rago, a construction company, the Troesh Family Foundation, Wall Development and Equity Ventures Commercial Development of Kansas.
Truist recently closed a $152-million construction loan for Marina Shores, a 390-unit multifamily community at 6615 E. Pacific Coast Hwy. in Long Beach. The project is being developed by Carmel Partners. The six-story project will transform an aging office complex and surface lot into a mixed-income community with approximately 5,400 square feet of ground-floor retail...
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CBRE has been retained by Merchants Bank to market for sale the fee interest in 19 W. 55th St., a vacant, nine-story residential property with continuous retail frontage in Midtown Manhattan. CBRE’s Daniel Kaplan was appointed by the bank to spearhead the sale. “Opportunities to acquire the fee interest of an asset in this premier...
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LogosFaith Development, in partnership with San Diego’s Logan Temple AME Zion Church, commemorated the official groundbreaking on Logos Logan Legacy Place at the project site. The 43-home affordable housing community is located at 3186 and 3190 Franklin Ave. in San Diego’s Logan Heights neighborhood. The project marks the affordable housing developer’s expansion into the San Diego market....
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