Broadmark Realty Capital, a subsidiary of Ready Capital, sold One19 Cherry Creek at 119 S. Harrison Street to Epp Properties.
One19 Cherry Creek is a 47,300-square-foot, three-story apartment building. The property was originally built as a condo development and was previously called The Alanar and The Cassidy before its original developer ran out of money attempting to complete the project in 2019. That resulted in Castle Rock-based Pacific North Enterprises, the general contractor on the development, buying the building for $14.9 million while it was still under construction. In October 2021, the building was converted from condos to for-rent units.
Nestled in the upscale Cherry Creek area of Denver, One19 Cherry Creek offers exquisite one and two-bedroom units with luxury fixtures and finishes. Each unit features modern kitchens with quartz countertops, soft-close cabinetry, designer tile backsplashes, and built-in, high-end kitchen appliances. The interiors are complemented by wood-style flooring, A/C, electric fireplaces, in-home washers and dryers, patios, balconies, or a rooftop decks (select units), and spa-quality bathrooms.
Community amenities include a lounge area with a community kitchen, a state-of-the-art fitness center, a parking garage equipped with EV charging stations, a pet wash station, a courtyard with fire pits and outdoor seating. With a prime location, residents are just minutes away from Cherry Creek Shopping Center, renowned dining options like Elway’s, and the scenic Cherry Creek Trail, offering an unparalleled blend of luxury and convenience.
CBRE’s Andy Hellman, Justin Hunt, Erik Toll and Brad Schlafer represented Ready Capital on this sale.
Epp is a family-owned company that has developed and managed apartment buildings in San Francisco for more than 60 years.
Ready Capital is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. The company’s National Bridge Originations team offers non-recourse financing on transitional, value-add and event-driven commercial and multifamily real estate opportunities. Ready Capital is a direct lender that provides comprehensive financing solutions to real estate owners, investors and small business owners, which generally range in original principal amounts between $2 to $45 million and larger for select assets and portfolios.
