This Week's Denver Deal Sheet: Sol Apartments Open In Sun Valley
The Denver Housing Authority completed Sol, the second building in the final phase of the $500M-plus Sun Valley neighborhood redevelopment.
At 2699 W. 10th Ave., Sol adds 169 mixed-income units to the historically underserved area, including 80 units replacing former public housing, 52 income-restricted apartments, 24 market-rate units and 13 townhomes.
The project is part of a broader effort to transform Sun Valley into a mixed-income, mixed-use riverfront neighborhood. When complete, Phase 3 will also include Flo, a 12-story high-rise for older adults and people with disabilities, and Joli, which opened earlier this year with 89 units and a food incubator space to support local entrepreneurs.
DHA’s three-phase redevelopment is supported by a $30M Department of Housing and Urban Development grant and more than $10M in city-approved tax share-back financing.
Sol features a rooftop lounge, coworking spaces, fitness amenities and access to the South Platte River Trail. The surrounding area will eventually include parks, public plazas, a food market and the long-awaited Riverfront Park.
SALES
Pinnacle Real Estate Advisors brokered the off-market sale of Bubbles Liquor World and Tiny Bubbles, a two-store portfolio in Castle Rock totaling 31K SF and generating about $15M in annual revenue. The 27K SF flagship store is located off I-25 and Meadows Parkway, while the 4K SF satellite store is on the town’s east side. Levi Saxen and Jack Eberwein of Pinnacle’s Saxen Team represented the sellers and arranged Small Business Administration financing and long-term leases for the new operators.
LEASES
Cherry Creek School District signed a long-term lease for 57K SF at Metropoint II in the Denver Tech Center, with plans to relocate its administrative offices by March 2026. The lease marks the first new deal at the building since Koelbel & Co. and Real Capital Solutions acquired Metropoint I and II last year for $22M. The owners are investing $10M in renovations across the campus.
CONSTRUCTION AND DEVELOPMENT
Wood Partners broke ground on Alta Flatirons, a 251-unit apartment project in downtown Superior. The site is the last multifamily parcel in the 156-acre Downtown Superior master plan and sits across from the planned 300K SF Coal Creek Innovation Park, a life sciences campus. Alta Flatrions is expected to deliver in April 2027.
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Koelbel & Co. and L&M Capital are considering the development of a 12-story apartment tower with 429 units — including 65 income-restricted — at 3400 Brighton Blvd. in RiNo, according to Denver Business Journal reporting. The 2.08-acre site could also include 10K SF of retail and a 25K SF amenity deck. Koelbel has not yet decided whether it will develop the project or sell the site.
