Developer plans 250 apartments for Wash Park parcel

moderaWashPark rend

Rendering of the eight-story complex at Speer Boulevard and Grant Street. (Davis Partnership)

Two-hundred-fifty more apartments are coming to Speer Boulevard, a thoroughfare that boasts a handful of new apartment towers with a half-dozen more under construction.

Mill Creek Residential is planning to build an eight-story complex on the south side of Speer Boulevard and Grant Street. The Dallas-based developer purchased a 1.3-acre site for $10 million last week, city records show. The property includes a small office building.

Mill Creek’s Brian Wynne said his firm has dubbed the project Modera West Wash Park, consistent with its nomenclature at other new apartment buildings around town.

“It was really a no-brainer,” Wynne said. “We think it’s really unique to be in an urban environment, but near a tree-lined, walkable neighborhood.”

The seller in the deal, which closed Sept. 1, is the Colorado Visiting Nurse Association. Mill Creek’s lender is Fifth Third Bank. John Winsted with JW Cos. brokered the sale.

moderaWestWashPark2

A small office building was included in the $10 million sale. (Lynn Yen)

Mill Creek’s plans call for a brick and glass façade, 241 apartment units, underground parking garage, fitness center and rooftop pool. The architect is Davis Partnership and the general contractor is Martines Palmeiro Construction.

Wynne declined to quote hard costs and said rents are not yet locked in. He said Mill Creek will spend two months doing utility work on the site.

The seller, which operates an office on the property, will move out on Dec. 1 so the multifamily developers can begin demolition. The hope is to start handing out keys to tenants in January 2020.

Modera West Wash Park will compete with new residential construction on the south side of Speer, including MyBlock and Country Club Towers.

The complex also adds a new neighborhood to the Mill Creek map. The firm is leasing 275 units at Modera Observatory Park near the University of Denver, has two projects underway in RiNo and 200 more units under construction in Cap Hill.

moderaWashPark rend

Rendering of the eight-story complex at Speer Boulevard and Grant Street. (Davis Partnership)

Two-hundred-fifty more apartments are coming to Speer Boulevard, a thoroughfare that boasts a handful of new apartment towers with a half-dozen more under construction.

Mill Creek Residential is planning to build an eight-story complex on the south side of Speer Boulevard and Grant Street. The Dallas-based developer purchased a 1.3-acre site for $10 million last week, city records show. The property includes a small office building.

Mill Creek’s Brian Wynne said his firm has dubbed the project Modera West Wash Park, consistent with its nomenclature at other new apartment buildings around town.

“It was really a no-brainer,” Wynne said. “We think it’s really unique to be in an urban environment, but near a tree-lined, walkable neighborhood.”

The seller in the deal, which closed Sept. 1, is the Colorado Visiting Nurse Association. Mill Creek’s lender is Fifth Third Bank. John Winsted with JW Cos. brokered the sale.

moderaWestWashPark2

A small office building was included in the $10 million sale. (Lynn Yen)

Mill Creek’s plans call for a brick and glass façade, 241 apartment units, underground parking garage, fitness center and rooftop pool. The architect is Davis Partnership and the general contractor is Martines Palmeiro Construction.

Wynne declined to quote hard costs and said rents are not yet locked in. He said Mill Creek will spend two months doing utility work on the site.

The seller, which operates an office on the property, will move out on Dec. 1 so the multifamily developers can begin demolition. The hope is to start handing out keys to tenants in January 2020.

Modera West Wash Park will compete with new residential construction on the south side of Speer, including MyBlock and Country Club Towers.

The complex also adds a new neighborhood to the Mill Creek map. The firm is leasing 275 units at Modera Observatory Park near the University of Denver, has two projects underway in RiNo and 200 more units under construction in Cap Hill.

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

5 responses to “Developer plans 250 apartments for Wash Park parcel”

  1. Any idea on what this does for the park there? Those little green spaces really do wonder for the locals in the area. I would hate to see that go.

  2. Seriously more apartments..! STOP! Ridiculous! Once the economy crash’s, and it will, all those apartments and townhomes… – Will be begging for renters. In addition all of these new apartments/condos – can they get any uglier…

  3. Stop whining all the time and grow up. You guys live in a major US city. Let it be a city without trying to complain or stop it from progressing. Move if you don’t like it.

  4. Its not even technically in the Wash Park neighborhood. It’s in Denver’s Spear neighborhood, south of Cap Hill.

  5. I think it will help create a nice fabric along the south side of Speer next to 9 News. The set-back from Speer needs to be appropriate for the boulevard. The Gables is terrible.

Leave a Reply

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