Real Estate

Boulder Community Trades for $50M –

Alpine Prairie Village. Picture courtesy of Cushman & Wakefield

Cantamar Condo Associates LLC has purchased Alpine Prairie Village, a newly constructed Class A group in Longmont, Colo., for $50 million. It was bought by DHI Communities Inc. Cantamar was represented by Cushman & Wakefield Govt Managing Administrators David Fogler and Steven Nicoluzakis.

The 126-unit group, which was accomplished this yr and beforehand dubbed Ascend at Prairie Village, consists of one-, two- and three-bedroom configurations. Facilities embody open areas and personal places of work, in addition to a recreation lounge, health heart, out of doors bar and grill, sizzling tub and pet spa. The items function quartz counter tops and a number of closets.

The property is situated at 2205 Alpine St., simply off Freeway 66 and Major Road and a brief drive to the bottom of the Rocky Mountains. Major Road retail and eating choices are close by, with a number of golf programs and parks additionally accessible within the space.

Boosted by strengthening fundamentals, the bigger Denver space stays a magnet for each funding and new growth. Simply final month, Legacy Companions landed a $106 million building mortgage for a 13-story group in Denver. In the meantime, AHV Communities and McWhinney have teamed up to develop nearly 500 build-to-rent houses within the space.

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