STEAMBOAT SPRINGS, COLO. — Stockman Development, led by Marquee Development, has secured $482.5 million in financing from GoldenTree Asset Management to advance The Stockman, Auberge Collection, which recently broke ground at the base of Steamboat Resort in Steamboat Springs. The financing comes amid early residential demand for the project, with more than 25 percent of residences under contract since sales launched earlier this summer. The early sales includes four of the project’s rooftop Barn residences, including a $19 million residence. The Stockman, Auberge Collection will include 95 ski-in, ski-out private residences and a 59-key Auberge Collection hotel. Amenities will include culinary venues, slope-side après, a full-service Wellbeing by Auberge spa and pool, ski valet and year-round programming. Located at 1965 Ski Time Square Drive, the nine-story property will offer the only luxury branded ski-in, ski-out residences in Steamboat Springs. The hotel and residences are slated to open simultaneously in 2030. The Stockman development marks Marquee Development’s expansion into the mountain sector. The Chicago-based developer is known for creating mixed-use destinations anchored by sports and entertainment.
Colorado
DENVER — Brennan Investment Group has purchased 5050 Ironton, an industrial building on 8.7 acres within Montbello Industrial Park in Denver’s northeast industrial submarket. Terms of the transaction were not disclosed. Originally constructed in 1970, the 136,744-square-foot concrete and masonry facility features 18- to 26-foot clear heights, 13 dock-high doors, four drive-in doors, potential rail service, heavy industrial zoning and excess acreage with secure outdoor storage. The property is fully leased to a building products distributor that has occupied the building since the early 2000s. The building can accommodate either a single tenant or a two-tenant configuration.
DENVER — California-based FPA Multifamily has purchased a three-building, 237-unit multifamily portfolio in Denver for an undisclosed price. The sellers are the original owners of the buildings doing business as 2580 South University Co. LLC, 2550 South University Co. and 2512 South University Co. Justin Hunt and Andy Hellman of CBRE represented the sellers and original owners of the properties in the deal. The portfolio includes: The sellers recently renovated about a dozen units across the portfolio. The units include air conditioning, dishwashers and oversized private balconies. The buildings share an amenity package, including a clubhouse, pool, sauna, community kitchen, billiards, ping pong table and parking garages. Additionally, Tabor House offers a fitness center and Heritage House and Post House offer steam rooms.
AURORA, COLO. — AdventHealth has opened AdventHealth Aurora Highlands, a medical campus within the The Aurora Highlands that will open to patients on Tuesday, Sept. 29. Located at 3405 N. Main St., AdventHealth Aurora Highlands emergency room and medical office building is the first phase of a planned, dual-phase medical campus. The 88,000-square-foot facility includes a 24-hour freestanding emergency room, outpatient imaging and clinic services. The campus will offer a freestanding emergency department with eight exam rooms, two trauma exam rooms and a helipad; outpatient imaging services, including CT, ultrasound and X-ray, with plans to add MRI services in the future; primary care, orthopedic, cardiology and OB/GYN services; and additional clinic space to support future growth. AdventHealth Aurora Highlands is equipped with 96 geothermal wells, each extending approximately 500 feet underground. Together the wells provide up to 240 tons of heating and cooling capacity, helping reduce energy use and carbon emissions. The new campus is part of AdventHealth’s long-term commitment to growing access to healthcare as The Aurora Highlands submarket expands. Future campus development plans will include a 50- to 75-bed hospital with an anticipated Level III trauma center designation. The project team includes HKS as architect of record, SmithGroup as …
LONGMONT, COLO. — Livmark Communities and Hillside Commercial Group have started construction of Fielder at Fox Hill, an apartment and townhome property adjacent to Fox Hill Country Club golf course in Longmont. Landmark Construction Solutions is serving as general contractor and Greystar will manage the completed property. Construction activities began in June with initial site work and infrastructure improvements. Slated for completion in fall 2027, Fielder at Fox Hill will feature 185 units, including townhomes with private yards and two-car garages, across 11 two- and three-story buildings. Community amenities will include a clubhouse, an indoor and outdoor fitness space, a pool and hot tub with cabanas, outdoor fire pits, bike racks and a repair station, a rentable kitchen and game area, coworking space, a sauna, dog wash, pocket parks and pergola areas, electric vehicle chargers in every garage and secure package lockers.
COLORADO SPRINGS, COLO. — Thompson Thrift has opened Switch, a multifamily community in Colorado Springs. Thompson Thrift 2023 Multifamily Development L.P. provided equity for the development. Situated on 11 acres at the intersection of Voyager Parkway and North Gate Boulevard, Switch features 276 one-, two- and three-bedroom units with stainless steel appliances, glass-top ranges, hardwood-style flooring, walk-in showers, multiple smart home capabilities and full-sized washers/dryers. Additionally, select units offer premium appliances, cabinetry with soft-close doors, a deluxe closet system with shelving and garage options. Community amenities include a fully equipped 24-hour fitness center, resort-style heated swimming pool, electric fire pits, a billiards and shuffleboard area, bike storage and workshop, a dog park and pet spa and a coffee bar. The property also includes a resident conference room with video conference technology, an outdoor entertainment kitchen and community-wide Wi-Fi. The property is located within the Polaris Pointe development, a 60-business, 200-acre retail complex that features Ford Amphitheater, Sprouts Farmers Market, Bass Pro Shops, Chick-fil-A, Topgolf, iFly, AirCity 260 and Overdrive Raceway.
LAKEWOOD, COLO. — BWE Investment Sales (BWEIS) has arranged the sale of Lakewood Reserve Senior Living, a 137-unit assisted living and memory care community located in Lakewood, approximately eight miles southwest of downtown Denver. BWEIS represented the seller, a private equity seniors housing investor, in the transaction. A REIT acquired the community, which is operated by Stellar Senior Living. The property features 118 assisted living units and 19 memory care units. Amenities at the community include a beauty salon and barber shop, fitness center, theater and entertainment space, courtyards and outdoor gathering spaces.
AURORA, COLO. — JLL Capital Markets has arranged the $41.2 million sale of Stanley Marketplace, a 102,125-square-foot adaptive reuse retail development located in Aurora. Jason Schmidt and Austin Snedden of JLL represented the seller, Westfield Co., in the transaction. Leon McBroom and William Haass, also of JLL, secured a five-year, $27.3 million acquisition loan through a regional bank on behalf of the buyer, Magnetic Capital. Originally constructed in 1954 as an ejection seat manufacturing facility, the redeveloped retail property is currently 98 percent leased to a mix of 54 tenants including Denver Biscuit Co., Rosenburg’s Bagels & Delicatessen, Local Drive and Bounce Gymnastics.
Marcus & Millichap Arranges Sale of 516-Unit Self-Storage Facility in Windsor, Colorado
by Amy Works
WINDSOR, COLO. — Marcus & Millichap has brokered the sale of Falcon Point Self Storage, a self-storage facility in Windsor. Terms of the transaction were not released. Adam Schlosser, Dave Knobler and Charles “Chico” LeClaire of the LeClaire-Schlosser Group of Marcus & Millichap represented the undisclosed seller in the transaction. Originally constructed in 2019 and expanded in 2024 with an additional 51,530 square feet, Falcon Point Self Storage features 516 storage units across 72,068 net rentable square feet. There are 14 single-story, all-metal buildings on approximately 6.8 acres. The unit mix includes climate-controlled units, traditional drive-up access and dedicated vehicle storage, with 100 surface parking spaces serving the site. The facility features LED lighting, gated entry with digital keypad access, 24/7 video surveillance and an onsite management office.
DENVER — Marcus & Millichap has brokered the sale of Wabash Marketplace, a shopping center in Denver’s Cherry Creek neighborhood. An entity doing business as Wabash Retail LLC sold the property for $8.5 million, or $243 per square foot. Located at 8400 E. Iliff Ave., Wabash Marketplace features 34,846 square feet of space that is leased to a mix of local and service-oriented tenants, including restaurants, a coffee shop, fitness and beauty business and a home décor retailer. The property was built in 1983 on 2.1 acres. Cory Gross of Marcus & Millichap represented the seller and sourced the buyer, a private investor who was completing a 1031 exchange, in the off-market transaction.
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