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| Rendering of planned Solera at Cherry Creek Apartments, Cherry Creek Neighborhood, Denver, CO |
DALLAS, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announces construction financing for the
development of Solera at Cherry Creek, a Class A seniors housing development
in the Cherry Creek neighborhood of Denver, Colorado.
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| David Fasano |
The HFF team worked on behalf of the developer, a joint venture between
affiliates of Banner Senior, LLC, Solera Senior Living and Wheelock Street
Capital, to arrange the non-recourse construction loan through a national bank.
Solera at Cherry Creek will comprise 64 assisted living apartments and
32 memory care units within a three-story building totaling approximately
55,000 rentable square feet.
The community will feature contemporary
design, local influences and best-in-class amenities such as outdoor walking
paths, a fitness studio and relaxation room, on-site rehabilitation center,
gourmet restaurant with mountain views and an exhibition kitchen, piano bar and
lounge, outdoor terrace with a glass firepit, beauty salon and spa,
multi-functional spaces designed to maximize engagement as well as innovative
programs and technologies.
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| Sarah Anderson |
Due for completion in 2019, the property is
designed by Rosemann & Associates, a firm experienced with well thought-out
and innovative senior living communities.
Solera at Cherry
Creek is being constructed on a three-acre site at 2453 S. Wabash Street in the
heart of Cherry Creek, which is one of Denver’s most affluent neighborhoods and
home to multiple parks, dining, retail and entertainment options, including
Cherry Creek North, Cherry Creek Shopping Center and the Cherry Creek Arts
District.
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| Brock Yaffe |
The HFF team representing the borrower included senior director David
Fasano and directors Sarah Anderson and Brock Yaffe.
Banner Senior, LLC is an affiliate of Banner Real Estate Group, a fully
integrated real estate operating company based in Northbrook, Illinois,
focusing on the acquisition, management and development of multifamily
properties and the development of seniors housing and self-storage facilities
nationwide.
Since its initial founding in 1989,
Banner has acquired and operated 46 multifamily properties and has developed 19
self-storage facilities and apartment communities, collectively worth over $1.3
billion. For information, visit
Solera Senior Living
is a next generation senior living operator, developer and investor founded in
2016 by Adam Kaplan. Including existing projects and assets in various
stages of development, Solera will have 250 team members and approximately $200
million under management.
CONTACTS:
DAVID FASANO
HFF Senior Director
(214) 265-0880
SARAH ANDERSON
HFF Director
(214) 265-0880
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3500
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