SkyHouse Denver, which broke ground this week in the CBD, is betting Millennials will keep wanting to live in urban centers near public transit. Given their behavior so far, it's a pretty good bet.
Denver's strong economy and growing Downtown residential market add up to strong momentum for leasing the 26-story luxury high-rise, Novare Group CEO Jim Borders tells us. The Atlanta-based developer has been eying Denver for several years, Jim says, and believes that this is the right location, adding that the building is targeting "next-generation professionals" who prefer the city. Novare's development partners in the deal are Simpson Housing and Batson-Cook Development Co.
SkyHouse Denver will feature 354 apartment units and 6,900 SF of street-level retail space. The SkyHouse on the top floor—which is the signature of the various developments of that brand—will include a club room, swimming pool and fitness center. The Denver property is the 14th SkyHouse-branded property by Novare, following projects in Texas, Florida, Georgia and North Carolina. The development's slated for a mid-2016 completion.
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