Summary

The Retreat at the Park Apartments is a Class A+ 240 unit apartment complex located in Denver, Colorado. The Property is located in an area commonly known as City Park South.  City Park South is surrounded by a strong residential neighborhood and accessible to the commercial Colfax corridor.  City Park South is across the street from Denver’s approximately 480 acre City Park which includes within its boundaries an 18-hole golf course, tennis courts, the Denver Zoo, and the Denver Museum of Nature and Science.  The property is proximate to the Denver Central Business District (CBD), the Cherry Creek shopping district, and the rapidly developing urban neighborhoods surrounding downtown Denver. 

The property is comprised of three buildings.  One building containing 140 units is new construction currently under lease-up, while the other two buildings were previously converted from medical offices.  The site previously contained the Mercy Hospital.  All units have a “SoHo” loft-like feel, providing tenants with stained concrete floors, angled walls, high ceilings and large windows.  Unit amenities include tiled entries, fireplaces, private patio or balcony, nine and ten foot ceilings, crown moldings, ceiling fans in the bedrooms, spacious walk-in closets, garden tubs, granite bar-tops, granite island kitchens, slate-tiled kitchens, dishwasher, garbage disposal, full-size washer and dryer, individual air conditioners and water heaters. Apartment demand and supply fundamentals currently favor the proposed investment in the property.