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Texas developer PSW Real Estate has expanded into the Denver market with the acquisition of a 0.79-acre site at 2137 Glenarm Place for $3.75M.
PSW plans to break ground on a condominium project on the site within the next two years.
“Glenarm Place exemplifies our intentions to provide modern, efficient, high-quality urban living options at a reasonable price in one of [the] Denver metro’s many great urban neighborhoods,” PSW Director of Acquisitions and Development Chris Auxier said. “This is the first of several developments we have in the pipeline in the Denver market. We are focused primarily on creating residential and mixed-use projects that enhance the community in rapidly improving neighborhoods near the urban core.”
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The property borders the Uptown and Arapahoe Square neighborhoods, between the Central Business District to the west and Five Points to the east. The location is near light rail along the Welton Street transit corridor, which has seen intense new development since 2014.
