DENVER, CO – JLL Capital Markets today announced that it has capitalized Iota Fox Station, a 148-unit Class A, Type III podium apartment development in the up-and-coming Fox Station neighborhood of Denver, Colorado. .
JLL worked on behalf of the developer, Highland Development Company.
Averaging 495 square feet, studio, one-bedroom, and two-bedroom apartments at Iota Fox Resort will feature stainless steel appliances, built-in washers and dryers, under-cabinet lighting, tile flooring luxury vinyl, rimless glass shower. doors, keyless entry and bay windows. The seven-story community will offer amenities such as a top-notch fitness center, sky lounge, co-working spaces, multiple flex lounges, electric car charging stations, dog wash, laundry -bicycle and a coffee bar. .
Located at 500 W. 41st Ave., the property is adjacent to the 41st and Fox RTD Station and close to I-70 and the I-25/I-70 interchange, providing access to downtown- city of Denver and the wider metro. In addition to transit options, the project will offer views of downtown Denver and the Rocky Mountains and be walkable to surrounding neighborhoods including the Highlands, RiNo and Sunnyside. Residents will also be near more than 75 restaurants and bars, more than 25 retail stores, 15 parks and trails, and the 41-acre Fox Park redevelopment that will serve as a transformative mixed-use center for North Denver.
The JLL Capital Markets Debt and Equity Advisory team representing the borrower was Director Rob Bova.
“Iota Fox Station is an exciting project located in Fox Station, a fast-paced and growing Denver submarket,” Bova said. “The team at Highland Development Company have done an excellent job of programming the site based on the needs of the submarket and future tenant base, which has reflected in kind through strong capital interest. The development team had the foresight to identify, program and scale quickly in a rapidly changing capital markets environment in order to be a trailblazer for the district. »