February 6, 2013

Developers pull permits for Prasanna

By

LAFAYETTE – The developers of the Prasanna apartment complex, a 240-unit development in the SoLa development in south Lafayette, have pulled the construction permits for the project.

The 10.6 acres of land for the project was sold recently for $2.6 million, according to Boulder County property records. Imago Lafayette LLC acquired the land from Highland Properties 711 LLC.

Milestone Development Group LLC, a Denver-based developer, is building the development, which is adjacent to the Prana apartments. Milestone built Prana and sold it for $36.1 million in December.

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According to the city of Lafayette, construction permits for Prasanna were issued in December. The project’s groundbreaking has been on hold while the developers finalize the construction loan.


LAFAYETTE – The developers of the Prasanna apartment complex, a 240-unit development in the SoLa development in south Lafayette, have pulled the construction permits for the project.

The 10.6 acres of land for the project was sold recently for $2.6 million, according to Boulder County property records. Imago Lafayette LLC acquired the land from Highland Properties 711 LLC.

Milestone Development Group LLC, a Denver-based developer, is building the development, which is adjacent to the Prana apartments. Milestone built Prana and sold it for $36.1 million in December.

According to the city of Lafayette, construction permits for Prasanna were issued in December.…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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