Colorado-Real-Estate-Journal_448397

INSIDE 12 6 FEATURED 16 CONTENTS MARCH 5-18, 2025 Office 6 Industrial 10 Multifamily 12 Retail 16 Finance 22 Law & Accounting 28 CDE News 34 Who's News 46 10 Defense sector Alloy Real Estate acquires midrise office building for $17 million IOS sale Alpine Civil Construction buys asset from former landlord Luxury multifamily Thompson Thrift announces new community in Wheat Ridge Neighborhood retail Portion of Heritage Green sells in two deals to same buyer by Avalon Jacka LITTLETON – A Texas- based vertically integrated real estate investment com- pany acquired a land par- cel to develop a new multi- family community within a redevelopment site that will also include a new Costco. Mineral Littleton Co Proj- ect Owner LLC, an entity of Embrey, purchased a land parcel at 8101 Southpark Terrace for $17.07 million in December, according to SKLD Information Services. Embrey did not have a bro- ker in the deal with seller RIG Mineral LLC, an enti- ty of Republic Investment Group. Embrey will develop a 370-unit multifamily com- munity named The Sullivan on the site. Construction by Embrey’s construction divi- sion is planned to start this month. Delivery of the first units is anticipated in third- quarter 2026, and the over- all project is expected to be complete in third-quarter 2027. “Littleton is one of the most sought-after bedroom communities in Denver because of its charm, top- rated school district and proximity to work and lei- sure activities,” said Embrey Chief Development Officer Jimmy McCloskey. “Our premier community will reflect the expectations resi- dents are seeking in the Lit- tleton lifestyle experience.” The Sullivan will include a Embrey develops 370-unit MF community by Avalon Jacka ENGLEWOOD – A new transit-oriented development has welcomed its first resi- dents. Owner and developer Fifield Cos. debuted Arden, located at 3595 S. Jason St., in Febru- ary. Arden was designed by KTGY and constructed by W.E. O’Neil. Additional project part- ners included Studio 10 serv- ing as interior designer, HKS Architects serving as civil engi- neer, and Anchor Engineering serving as structural engineer. The four-story, 302-unit build- ing was designed to meet the increasing demand for hous- ing in the area as Englewood experiences an influx of new residents and businesses. “Demand for apartments in greater Denver continues to be exceptionally strong, especially in a community like Engle- wood that is well-situated with proximity to the many draws of living in the area, from the city’s bustling downtown to the outdoor activities and scen- ery of the Rocky Mountains,” said Fifield Cos. Vice President Joe Pitsor. “Arden brings to Englewood a level of luxury and convenience that is unpar- alleled in the area and on par with upscale buildings in the city center, offering a value proposition that aligns with the rise of renters broadening their searches beyond downtown.” The 260,368-square-foot Arden features a variety of floor plans, including studios, one- bedroom, one-bedroom plus den, two-bedroom and three- bedroom layouts. The units range between 488 and 1,540 sf with rents starting at $1,525 per month. Units includes quartz countertops, soft-close cabine- try, tile backsplashes, stainless steel appliances, islands, spa baths, custom closet organiz- ers, and in-unit washers and dryer. Nearly all units include private balconies. Construction began on Arden in July 2022, and the Fifield Cos. debuts Arden in Englewood The highly amenitized Arden community includes a penthouse-level lounge connected to the building’s outdoor amenities that features a kitchen, a variety of seating options and game tables. Please see Arden, Page 47 Please see Embrey, Page 18 Embrey Embrey acquired a land parcel on the former Qwest Corp. site to develop a 370-unit multifamily com- munity called The Sullivan.