On behalf of 063 Design+Development (the “Developer”), Capstone is pleased to present a joint venture opportunity to finance the development of Emerson Place Apartments. Emerson Place is a to-be-built, 85-unit, boutique mid-rise multi-family asset near downtown Denver, CO. This Class A development will be one five-story building and the construction process can begin immediately upon closing.
The site is walkable to both the CBD as well as the Uptown Healthcare District, where two of Denver’s premier hospitals—Exempla St. Joseph Hospital and Presbyterian St. Luke’s Medical Center—are undergoing major expansions. Consequently, within just three miles of the site there are over 267,000 jobs and nearly 22,000 businesses.
The Developer has all the necessary permits and design elements in place and the podium and two-story underground parking garage are already constructed. The existing podium reduces the cost and the time of delivery, making this a unique opportunity to enter this Class A market during a time of reduced new construction pipeline.
Development Highlights
Shovel-Ready Multi-Family Development with All Permits and Design Complete
Premier Location in Downtown Denver
Excellent Renter Demographics
Robust Denver Leasing Environment
