Monday, March 18, 2013

HFF arranges joint venture equity for multi-housing development in Denver, CO


Solana Cherry Creek Rendering, Denver, CO
SAN DIEGO, CA – HFF announced today that it has arranged joint venture equity for the development of Solana Cherry Creek, a 341-unit, Class A, to-be-built multi-housing community in Denver’s Cherry Creek submarket of Glendale, Colorado.

                HFF worked exclusively on behalf of MKS Residential LLC to secure the joint venture equity through an institutional investor.  Equity proceeds are being used to build the project.


Pat Burger
Due for completion in 2016, Solana Cherry Creek will be a LEED Gold four-story building with a five-level parking garage.  The project will have studio, one-, two- and three-bedroom units averaging 852 square feet each and parking to accommodate 626 vehicles. 

Community amenities will include a clubhouse, coffee social, multi-purpose yoga, spin and training room, state-of-the-art fitness facility and resort-style pool with outdoor living room. 

Josh Simon
Solana Cherry Creek is situated on a 5.3-acre site at 801 South Cherry Street within the Cherry Creek Corporate Center campus redevelopment in the Glendale area of Denver, directly between Glendale’s new Infinity Park to the south and the proposed Glendale Riverwalk redevelopment area to the north. 

The site is walking distance to Whole Foods, Super Target, King Soopers and other retail and entertainment venues.

Husayn Hasan
The HFF team representing MKS Residential LLC was led by directors Pat Burger, Josh Simon and Jordan Robbins and senior real estate analyst Husayn Hasan.

                MKS Residential LLC is a Southern California and Colorado-based firm specializing in the investment, development and construction of Class A multi-housing and mixed-use projects in key markets in California and the western region of the United States and was formed by multi-housing industry veterans Ronnie Morgan, Louis Kuntz and Ric Shwisberg

Jordan Robbins
Jason Smith serves as MKS Residential’s Regional Development Partner in Colorado.  .
  
For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com


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