San Antonio-based Embrey Partners plans to demolish the small existing building that is currently home to a window tinting business and develop Bel Aire – a new four-story, 354-unit Class A apartment community. “This site appealed to us for several reasons,” said Jimmy McCloskey, Executive Vice President of Development for Embrey. “It’s close to the Denver light rail, located in a supply constrained submarket, and we expect strong rental demand as the area continues to grow. This is the second deal we’ve closed with Capstone in the past six months, and we look forward to continuing our work together.”
The site is conveniently located on Colfax Ave, between Pierson St and Owens St, less than a ½ mile from Oak Street Light Rail Station. 6th Avenue and I-70 are just minutes away, providing easy access to all of Metro Denver. The immediate area boasts a number of neighborhood amenities, such as beautiful parks, locally owned shops, vibrant restaurants and more!
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About Capstone:
The goal of Capstone is to help generate, maintain, and increase the value and profitability of our clients’ multi-housing investment properties. To do so, we provide comprehensive multi-housing advisory services in asset acquisition and development, strategic ownership decisions, market insight and positioning, property value analysis, and disposition brokerage to support our clients in every stage of ownership. This comprehensive multi-housing-focused service offering paired with our relentless drive to win on behalf of our clients is what sets us apart from pedestrian brokerage firms. Capstone simply put: Expertise. Experience. Extra-Mile.
