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Just Sold: Denver Infill Development Site
August, 27, 2021
DePaul Real Estate Advisors is pleased to announce the sale of an urban infill development site in Denver, Colorado. The site is located at 2160-2176 South Belaire Street in the University Park neighborhood near the crossroads of I-25, East Evans Avenue, and South Colorado Boulevard. The TOD site is approximately 780 feet from Colorado Station metro light rail. With a land area of 12,340 square feet and in-place G-MU-3 zoning, the purchaser has the opportunity to develop additional much needed residential in the constrained Denver housing market.
Jarod Pate at DePaul Real Estate Advisors represented the seller, a Denver-based trust, in marketing and negotiations. DePaul thanks Craig Bustos at Ironstone who represented the purchaser, Denver South Bellaire LLC.
DePaul Real Estate Advisors is a Denver-based brokerage and investment firm serving investors in commercial real estate and businesses that occupy commercial real estate. DePaul’s businesses include asset sales, leasing, arranging senior secured debt, mezzanine debt, preferred equity and joint venture equity for existing and to-be-built projects. For more information, please contact Paul DeCrescentis at (303)333-9799 or Jarod Pate at (720)881-2727.