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| Cherokee Flat, 2065 South Cherokee Street, Denver, CO |
DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announces debt and equity
financing totaling $23.5 million for the development of Cherokee Flats,
a Class A, mid-rise building in Denver, Colorado, with 4,980 square feet of
ground-level retail and 139 apartment units.
Working on behalf of
the developer, LCP Development, the HFF team secured a $20.145 million,
floating-rate construction loan with a regional bank. In addition, HFF
arranged $3.355 million in preferred equity.
Cherokee Flats will
total 97,179 rentable square feet within an eight-story building consisting of
five residential levels atop three levels of podium parking and ground-floor
retail.
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| Leon McBroom |
Situated at 2065 S.
Cherokee Street, the site is bounded by the major Denver thoroughfares of S.
Broadway to the east, W. Evans Avenue to the south and S. Santa Fe Drive to the
west, and is a block and a half from the Evans RTD Light Rail station.
Cherokee Flats will feature a large amenity
deck on level four, which will include a swimming pool and spa, firepit,
barbecues, outdoor kitchen and lounge seating.
Additional amenities
will include a fitness center, bike maintenance and storage room, dog run, dog
wash and fifth-floor party room with expansive western views. Completion
is expected in 2020.
The HFF debt
placement team representing the borrower consisted of director Leon McBroom.
CONTACTS:
LEON MCBROOM
HFF Director
(303) 515-8000
OLIVIA HENNESSEY
HFF Public Relations
Specialist
(713) 852-3403
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