JLL Capital Markets announced it has arranged joint venture equity for the development of a 250-unit mixed-use, luxury apartment community located in Denver, Colorado.
JLL represented the developer, Trammell Crow Residential, the multihousing development company of Crow Holdings, in arranging the joint venture equity to fund the development of the 17-story, high-rise multihousing property with 7,000 square feet of ground-floor retail.
Located at 4882 S. Newport St. in the Denver Tech Center neighborhood, the property will be a part of the greater master-planned Belleview Station; a 55-acre, mixed-use development consisting of 2.2 million square feet of Class A office space, 300,000 square feet of retail, two hotels and five parks.
The JLL Capital Markets team representing the developer was led by Managing Director Mark Erland and Senior Managing Director Josh Simon.
“The community will provide the Denver Tech Center with its first luxury high-rise multihousing project, which will provide views and an amenity experience that will be unique in the submarket,” said Erland.
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 sales 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.