Noah Pillsbury, EnviroFinance Group
Trammell Crow Residential First to Purchase in Former St. Anthony’s Site
369 Residential Units Planned in South Sloan’s Lake Mixed-Use Community
Denver, CO (June 27, 2014) – EFG,-South Sloan’s Lake I, LLC an EnviroFinance® Group company (EFG), has sold 4.4 acres within the 18.5 acre planned redevelopment of the former St. Anthony Central Hospital site to developer Trammell Crow Residential (TCR). The transaction, which closed on June 27th, consists of two full blocks known as Blocks 5 and 6, located in the center of the site.
According to design plans, TCR will construct a 369-unit, four and five-story residential complex across the two blocks and will encompass an existing parking garage for covered resident parking. Construction will commence in July 2014 with first units available for move-in early summer 2015.
“TCR is a strong believer that Denver residents want to live in urban infill neighborhoods with close proximity to the Central Business District, walkable retail, urban park amenities and access to public transit,” said Matthew Schildt of TCR. “The St. Anthony Hospital redevelopment has all these attributes. We believe there’s a trend the City will push to the West. We’re excited to help be part of that process.”
This master-planned community is located in the southern part of the Sloan’s Lake neighborhood, close to downtown Denver, adjacent to the popular Sloan’s Lake Park, an attractive but historically underutilized amenity, with access to RTD light rail and other public transportation.
On Tuesday, EnviroFinance® Group had the official ground breaking that will take the site from demolition to development and begin building the master infrastructure for the community.
“We feel privileged to be the master developer on such an important site in West Denver,” said Cameron Bertron, EFG lead developer. “TCR has been great to work with. Neighborhood response to their plans has been really positive.”
Dorit Makovsky Fischer and Hayden Hirschfeld of NAI Shames Makovsky represented EFG as seller and TCR represented itself. “We’re thrilled to be working with EFG on this transformative project,” said Dorit Fischer. “The quality, mix and synergistic potential of the vertical developers and projects will build on what this rich urban neighborhood already has to offer.”
There is still opportunity to be involved in this project. The site is made up of seven blocks; two have sold, three are currently under contract and two are still available for townhome and multi-family developments. For information about these availabilities and the project master plan, please contact Dorit Fischer or Hayden Hirschfeld at 303-534-5005.
About EnviroFinance® Group
EnviroFinance Group, LLC is a premier land reuse and redevelopment company with a track record for successfully remediating and repositioning environmentally challenged properties for productive reuse. The firm is unique in its ability to combine significant capital resources, regulatory and technical know-how, risk management, land planning and development expertise to promote socially responsible, sustainable land reuse. For more information visit www.envirofinancegroup.com or contact Noah Pillsbury at 720-633-9680.