Builders finish purchase of Sloan’s Lake waterfront block

koelbel sloan rendering

A rendering of the Sloan’s Lake block, with housing, retail and parking. (Courtesy Koelbel & Co.)

A pair of developers has closed on a rare piece of waterfront property in Denver.

Trailbreak Partners and Koelbel & Co., acting as Sloan’s Block 3 LLC, bought a 2.2-acre block of the Sloan’s Lake St. Anthony’s site for $5.69 million, city records show.

“The location is just spectacular, being just south of the lake and right on the park,” said Koelbel & Co. vice president Carl Koelbel.

Trailbreak and Koelbel purchased the site March 31 from the St. Anthony’s site’s master developer, EnviroFinance Group.

sloansLake1

The Kuhlman Building, a former nurses’ dormitory, will be renovated into 49 apartments.

The Block 3 joint venture plans to turn the property – a block on the southeast corner of Sloan’s Lake bound by West 17th Avenue, Quitman Street, West 16th Avenue and Perry Street – into a mixed-use development.

The first phase of construction, which Koebel said would begin in October, will convert a former nurses’ dormitory into 49 subsidized housing units. Plans also call for 27 market-rate townhomes and retail space. Koelbel said the development will cost about $32 million.

Neo Studio Architecture is designing the townhomes. Architects Van Meter Williams Pollack are renovating the six-story nurses’ quarters, which is called the Kuhlman Building.

Outside of Sloan’s Lake, Koelbel & Co. is busy with a townhome development in Cheesman Park, the Catalyst office and retail project in RiNo, and 51 houses at the former Shriner’s temple site.

koelbel sloan rendering

A rendering of the Sloan’s Lake block, with housing, retail and parking. (Courtesy Koelbel & Co.)

A pair of developers has closed on a rare piece of waterfront property in Denver.

Trailbreak Partners and Koelbel & Co., acting as Sloan’s Block 3 LLC, bought a 2.2-acre block of the Sloan’s Lake St. Anthony’s site for $5.69 million, city records show.

“The location is just spectacular, being just south of the lake and right on the park,” said Koelbel & Co. vice president Carl Koelbel.

Trailbreak and Koelbel purchased the site March 31 from the St. Anthony’s site’s master developer, EnviroFinance Group.

sloansLake1

The Kuhlman Building, a former nurses’ dormitory, will be renovated into 49 apartments.

The Block 3 joint venture plans to turn the property – a block on the southeast corner of Sloan’s Lake bound by West 17th Avenue, Quitman Street, West 16th Avenue and Perry Street – into a mixed-use development.

The first phase of construction, which Koebel said would begin in October, will convert a former nurses’ dormitory into 49 subsidized housing units. Plans also call for 27 market-rate townhomes and retail space. Koelbel said the development will cost about $32 million.

Neo Studio Architecture is designing the townhomes. Architects Van Meter Williams Pollack are renovating the six-story nurses’ quarters, which is called the Kuhlman Building.

Outside of Sloan’s Lake, Koelbel & Co. is busy with a townhome development in Cheesman Park, the Catalyst office and retail project in RiNo, and 51 houses at the former Shriner’s temple site.

This story is for our paid subscribers only. Please become one of the thousands of BusinessDen members today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Commercial Real Estate

Editor's Picks

Leave a Reply

Your email address will not be published. Required fields are marked *