Kenect Denver

Capstone Companies is pleased to present a fully-entitled and planned, 23-story 438-unit multifamily mixed-use development site located in the heart of Denver’s Ballpark District.

This unique, fully-entitled development opportunity is located in the core of Downtown Denver. With the massive decline in construction starts, the speed to market will allow the buyer to fill a hole in supply upon delivery, when Denver has shifted from surplus to a deficit in apartment units. In addition, this project is exempt from the inclusionary housing ordinances and the green roof initiatives, which have greatly reduced Denver’s pipeline of new multifamily projects.

• Fully Entitled Site: Rare opportunity to acquire Denver land that comes with full plans, approvals, CD’s, and everything else needed to break ground immediately.
• Ground Zero Denver: The site is at the epicenter of the most highly anticipated growth area in Downtown Denver. The site is surrounded by an explosion of new and exciting projects
  from world-class real estate firms, such as New York-based Rockefeller Group and the Chicago-based developers CMK Companies and Golub & Company.
• Follow the Jobs: This site is one of the best remaining vacant lots positioned to capture the housing demand generated from Denver’s largest Class-A Office Skyscraper built in the last 40 years expected to deliver Q2 2024.
• Speed To Market: The site provides a rare opportunity for speed to market. The ability to deliver first units to an apartment market rapidly shifting from a surplus of new housing starts to a severe shortage is a huge advantage, especially at a time when initial review can take up to eight weeks in Denver with site development plans requiring an average of five review cycles.
• 100% Market Rate Units: Meeting all the requirements for exemption from Denver’s Inclusionary Housing Ordinance, this is one of the last sites in Denver for the foreseeable future not required to provide rent-restricted affordable units.