Colorado | apartmentcareers

JLL arranges capital for Colorado multi-housing development

JLL announced today it has arranged $43.2 million in structured construction financing for the development of Ten West Greeley Apartments, a 264-unit, Class A, garden-style multihousing property in Greeley, Colorado.

JLL worked on behalf of the developer, Saunders Commercial Development Company, to secure the approximately $32 million, floating-rate senior loan through a national bank and the $11.2 million preferred equity loan through a specialty financing group.

The Ten West Greeley Apartments project is being developed on a 10.15-acre site at 6600 8th Street within the City Center West master-planned community. The location benefits from being one of the largest cities in northern Colorado and provides access to more than 7,100 employers within a 20-minute drive. Due for completion in 2021, the three-story property will have 64 garages in addition to 408 surface parking spaces. High-quality units will feature open floor plans averaging 882 square feet with modern finishes, including stainless-steel appliances, walk-in closets, plank flooring, full-size washers and dryers, and private balconies. This amenity-rich community will also include a resort-style pool, outdoor fire pit and lounge area, clubhouse, large entertainment area, fitness center, wet bar and dog wash.

The JLL Capital Markets debt placement team representing the developer consisted of Senior Director Leon McBroom and Senior Managing Director Eric Tupler.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients—whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.

JLL arranges capital for Colorado multi-housing development

The JLL Capital Markets debt placement team representing the developer consisted of Senior Director Leon McBroom and Senior Managing Director Eric Tupler.

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.

JLL arranges $40.27M financing for Denver-area apartments

JLL announced today that it has arranged $40.27 million in financing for Palisade Park, a 216-unit, garden-style apartment community in the north Denver suburb of Broomfield, Colorado.

JLL worked exclusively on behalf of Jeffrey Sanders of Boulder, Colorado-based Mountain View Capital, LLC to secure the 10-year, fixed-rate loan through Freddie Mac. The loan will be serviced by Holliday Fenoglio Fowler LP, a JLL company and a Freddie Mac Optigo℠ lender. Loan proceeds refinanced an existing Freddie Mac loan originated in 2018.

Completed in 2017, Palisade Park is fully stabilized and comprises one-, two- and three-bedroom units ranging from 731 to 1,247 square feet. The property is located at 16815 Huron Street, which allows for easy access to employment centers and recreational destinations in and around Denver and Boulder. The property encompasses 14,500 square feet of indoor and outdoor amenity space featuring a beach-style pool with sundeck and spa; pergola with gas grills and fire pit; 24-hour fitness center; clubhouse with billiards, Wi-Fi lounge, media center and business room; dog wash and dog park; playground; and detached garages.

The JLL Capital Markets team representing the borrower was led by Managing Director Josh Simon.

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.

JLL arranges $40.27M financing for Denver-area apartments

JLL announced today that it has arranged $40.27 million in financing for Palisade Park, a 216-unit, garden-style apartment community in the north Denver suburb of Broomfield, Colorado.

The JLL Capital Markets team representing the borrower was led by Managing Director Josh Simon.

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.

Construction complete on University of Colorado Boulder’s newest and largest residence hall Williams Village East

The new Williams Village East residence hall at the University of Colorado Boulder proudly welcomed its first students in August for the fall 2019 semester. The 178,000-square-foot residence hall, the university’s largest, houses a total of 705 students.

The $96.7 million residence hall was designed by St. Louis-based KWK Architects as part of the design-build team, which also included architect-of-record alm₂s of Fort Collins, CO and Whiting-Turner Contracting Company of Denver, CO.

“We are extremely proud of the design that we created for the University of Colorado Boulder,” said KWK Principal Javier Esteban. “The building features a number of sustainable elements, and really takes into consideration the needs and desires of the university and its students.”

Construction on Williams Village East began in August 2017 on the south side of Baseline Road at approximately 35^th street. The building sits just east of the Williams Village North residence hall on a site formerly occupied by a parking lot and four tennis courts that were no longer in use.

Important aspects of the seven-story hall’s design is its sustainability, dedication to student privacy and focus on community.

Williams Village East features a new bathroom design that gives each student maximum privacy. The gender-neutral, individual bathrooms each include a shower, sink, toilet and changing space to accommodate student requests for more privacy.

Williams Village East was designed to achieve a LEED Platinum certification under LEED v4. Some of its sustainability features include numerous windows to let in natural light and windows with electrochromic glazing that adjust the shading based on the time of day and year. A pond that uses ditch water from snowmelt supplies the Williams Village Campus and saves the campus 13 million gallons of water per year.

The windows in the student bedrooms feature magnets that turn off the heating or cooling systems when the windows are opened, and a vacancy sensor in each room turns off the lights and turns down the heating or cooling levels when students leave the room. A black switch turns off “phantom loads,” or electronics that are left plugged in when not in use to conserve electricity.

Other renewable energy features of the building include solar panels, LED lighting, recycling areas, green outlets, thermostats in each room, low-flow toilets and urinals, door closers and a VRF HVAC system.

Sustainability is also playing a role in building community in the new hall by grouping floors into sustainability teams that compete to use the least amount of water and energy. Winning teams can earn community reward parties throughout the semester.

Community wellness is also promoted in the building’s wayfinding graphics which feature photography of local Boulder nature destinations. The destinations are also mapped out on a full-scale wall map in the first-floor game room, encouraging students to get out and find the featured destinations.

Another way community and student interaction is promoted is in the main level great room, which features a community center staffed by students that includes a kitchen and living room area, plus a gaming area with large televisions hooked up to Sony PlayStation 4 and Nintendo Switch, plus other games.

The Williams Village East exterior was designed to match the architectural style and finish of Williams Village North, which opened in August 2011.