September 6, 2018

Denver apartment tower sells for $139.75M

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DENVER — The SkyHouse Denver apartment tower downtown has sold for $139.75 million.

BusinessDen reports that Equity Residential, a real estate investment trust based in Chicago, purchased the property at 1776 Broadway from developers Novare Group of Atlanta and Simpson Housing of Denver. The complex includes 354 units encompassing 279,075 square feet, plus 6,650 square feet of retail.

Developers began construction on SkyHouse in 2015, with completion in November 2016.

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DENVER — The SkyHouse Denver apartment tower downtown has sold for $139.75 million.

BusinessDen reports that Equity Residential, a real estate investment trust based in Chicago, purchased the property at 1776 Broadway from developers Novare Group of Atlanta and Simpson Housing of Denver. The complex includes 354 units encompassing 279,075 square feet, plus 6,650 square feet of retail.

Developers began construction on SkyHouse in 2015, with completion in November 2016.

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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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