The 155 and 165 N. Cook St. parcels where an apartment complex is proposed are currently home to a pair of office buildings. (BusinessDen file photo)
Mill Creek Residential has bought the land for its second project in Cherry Creek.
The Dallas-based multifamily developer paid $15.9 million across two deals last week for 155 and 165 N. Cook St., according to public records.
The total site is 0.86 acres, making the deal worth $423 a square foot.
The site is currently home to a pair of three- and four-story office buildings, which records indicate date to the late 1960s and early 1970s.
Mill Creek submitted initial redevelopment plans for the site in the summer of 2021. The latest version calls for a five-story, 110-unit apartment building incorporating 166 parking spaces. A local Mill Creek executive did not respond to a request for comment last week.
Mill Creek is known for its Modera-branded complexes, and the plans refer to the project as Modera Cook Street.
The 155 Cook St. property was sold for $9.9 million by McKinnon & Associates, led by Doug McKinnon, records show. The firm paid $6.2 million for it in 2017.
The 165 Cook St. property was sold for $6 million by Mitra Properties LLC, and last changed hands in the 1990s, records indicate. Anahita Kemp signed on behalf of the seller.
A block east of the site, at the southeast corner of 2nd Avenue and Madison Street, Mill Creek is wrapping up work on Modera Cherry Creek. Residents are expected to move in this fall, according to the company’s website. Mill Creek paid $10.8 million for that 0.75-acre site in 2019.
Mill Creek is an active developer in the Denver area. Mill Creek is also building a complex in the Golden Triangle and purchased land near the University of Denver in June. Mill Creek has submitted plans for additional projects in Baker and RiNo.
The 155 and 165 N. Cook St. parcels where an apartment complex is proposed are currently home to a pair of office buildings. (BusinessDen file photo)
Mill Creek Residential has bought the land for its second project in Cherry Creek.
The Dallas-based multifamily developer paid $15.9 million across two deals last week for 155 and 165 N. Cook St., according to public records.
The total site is 0.86 acres, making the deal worth $423 a square foot.
The site is currently home to a pair of three- and four-story office buildings, which records indicate date to the late 1960s and early 1970s.
Mill Creek submitted initial redevelopment plans for the site in the summer of 2021. The latest version calls for a five-story, 110-unit apartment building incorporating 166 parking spaces. A local Mill Creek executive did not respond to a request for comment last week.
Mill Creek is known for its Modera-branded complexes, and the plans refer to the project as Modera Cook Street.
The 155 Cook St. property was sold for $9.9 million by McKinnon & Associates, led by Doug McKinnon, records show. The firm paid $6.2 million for it in 2017.
The 165 Cook St. property was sold for $6 million by Mitra Properties LLC, and last changed hands in the 1990s, records indicate. Anahita Kemp signed on behalf of the seller.
A block east of the site, at the southeast corner of 2nd Avenue and Madison Street, Mill Creek is wrapping up work on Modera Cherry Creek. Residents are expected to move in this fall, according to the company’s website. Mill Creek paid $10.8 million for that 0.75-acre site in 2019.
Mill Creek is an active developer in the Denver area. Mill Creek is also building a complex in the Golden Triangle and purchased land near the University of Denver in June. Mill Creek has submitted plans for additional projects in Baker and RiNo.
