Colorado-Real-Estate-Journal_461157

INSIDE 16 6 FEATURED CONTENTS MAY 21-JUNE 3, 2025 Office 6 Industrial 12 Multifamily 16 Retail 22 Finance 26 L aw & Accounting 31 CDE News 34 Who's News 46 12 Coworking growth Denver market adds 7 new spaces, 160K sf in 1st quarter Industrial trade Pair of assets trades between owners for nearly $20 million Capitol Hill housing Consolidated Investment Group breaks ground on Route 40 22 Strip center sale Crow Holdings entity acquires Austin Bluffs Shopping Center by Avalon Jacka BROOMFIELD – A local real estate investment and development firm debuted a new 238-unit multifamily asset within the 1,100-acre Baseline master-planned community. Projectdeveloper McWhin- ney marked the grand open- ing of Inkwell Apartments, located at 1751 W. 167th Ave., in April. The 7.83-acre community includes five four-story buildings, accord- ing to Apartment Insights. Preleasing began earlier this year, and the first residents are expected to move into the community this month. “With Inkwell Apart- ments, we’re enhancing the variety of housing choices available at Baseline, meet- ing the needs of today’s rent- ers who are seeking both quality and convenience,” said Kyle Harris, McWhin- ney senior vice president of master-planned communi- ties. “As housing demand continues to exceed sup- ply in metro Denver, we’re proud to offer high-quality rental options that fit seam- lessly within our vision for Baseline.” The 260,000-square-foot InkwellApartments includes one-, two- and three-bed- room units ranging from 684 to 1,691 sf. Unit amenities include chef undermount sinks, granite countertops, soaking tubs, in-unit wash- ers and dryers, pendant lighting, USB-enabled wall Inkwell Apartments opens in Baseline by Avalon Jacka DENVER – ADenver-based businessman and real estate investor acquired a historic building in the Ballpark neigh- borhood from a partnership of two local developers, with plans to redevelop and pre- serve the site. Matt Van Sistine, CEO of Management & Training Resources LLC, acquired the vacant, 11,600-square-foot building at 2100 Larimer St. in a direct deal with a part- nership between Kenneth Monfort of Monfort Cos. and Dan Huml of Magnetic Capi- tal , which owned the prop- erty since 2019. The all-cash sales price for the building, constructed in 1908, was $1.45 million. Conversations about Van Sistine acquiring the property from the sellers began last November, six months after the sale of Savage’s Candy Factory building around the corner. Positioned two blocks away at 2162 Lawrence St., the building featured a similar vintage and footprint to 2100 Larimer St. Van Sistine con- tacted the sellers to let them know about the comparable sale. “The last wave of develop- ment in this neighborhood was these apartment build- ings, but the reality is, it’s these small infill projects that are really going to make the neighborhood livable and cool for the residents,” Van Sistine said. The sellers worked through their ownership of 2100 Larimer St. to stabilize and develop plans for the rede- velopment and revitalization of the building. The property transaction included the full design and schematic plans developed by the sellers, which included a street-lev- el restaurant and two levels of office space. Van Sistine plans to continue the seller’s vision to reenergize the district through long-term, communi- ty-focused investment. Ballpark building sells for adaptive reuse The adaptive reuse project at 2100 Larimer St. will include a music hall, a large street patio and a roof- top lounge with panoramic city views. Please see 2100 Larimer, Page 23 Andrew Bydlon Matt Van Sistine Located at 1751 W. 167th Ave., the 260,000-square-foot Inkwell Apartments includes one-, two- and three-bedroom units ranging from 684 to 1,691 sf. Please see Inkwell, Page 20