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| Rendering of planned Lighthouse on 17th condominiums, Sloan's Lake neighborhood, Denver, CO |
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| Brock Yaffe |
DENVER, CO –– Holliday
Fenoglio Fowler, L.P. (HFF) announces $83.03 million in financing for the
development of Lakehouse on 17th, a 196-unit, for-sale condominium
project in Denver’s Sloan’s Lake neighborhood.
HFF worked exclusively on behalf of NAVA Real Estate Development
to place the floating-rate construction loan with
a national bank.
Lakehouse on 17th is located at 4202 W. 17th Avenue
on the south side of the 177-acre Sloan’s Lake Park. The 12-story project
will comprise 196 units, 13 of which will be multi-level townhomes, along with
6,000 square feet of retail.
Lakehouse on 17th will
be the only waterfront high-rise in the Denver metropolitan area and will
provide views of the city’s largest lake, downtown and the Rocky
Mountains.
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| Josh Simon |
The property will
feature high-end finishes and amenities, including a second-floor landscaped
amenity deck with community gardens, an urban farm, pool, hot tub, lounging
areas and fire pit.
Other amenities will
include a resident lounge with community kitchen, indoor/outdoor fireplace,
media den and private event space, as well as a wellness center with a fitness
lab, yoga studio and fresh juicing station.
Lakehouse on 17th is the
first residential project in Colorado to pilot and pursue WELL Building
Certification from the International Well Building Institute (IWBI). The WELL
Building Standard is the first to integrate human health and wellness into the
design, construction and operations of the built environment in order to
optimize the health of its end users.
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| Bryan Clark |
The HFF debt placement team representing the borrower included
director Brock Yaffe and managing directors Josh Simon and Bryan
Clark.
“Condo development in Colorado has been limited for more than a
decade, and financing Lakehouse required significant expertise to connect the
dots,” stated Brian Levitt, president of NAVA.
“The HFF team did an outstanding job helping NAVA finance Lakehouse as Colorado’s first registered project to pursue WELL Building Certification.”
“The HFF team did an outstanding job helping NAVA finance Lakehouse as Colorado’s first registered project to pursue WELL Building Certification.”
NAVA Real Estate Development (NAVA) is a real estate investment and development firm founded in 2013 by Denver residents Trevor Hines and Brian Levitt.
NAVA strives to develop architecturally significant buildings in prime locations that blend quality, function and design. The name NAVA comes from a Hebrew word meaning “beautiful”, and NAVA is committed to creating developments that shape communities and are sensitive to their environments.
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| Brian Levitt |
For more information, please call:
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3500
or call 303.900.0060