With an expected delivery date of fourth quarter of 2017, we are happy to announce our next venture at 13th and Ogden. Formerly known as the Penn Garage, this space will now be home to 29 for sale units. Using the historical 1927 structure as inspiration, the flats will be incorporated into the lot’s footprint – creating a marriage of modern and historical architecture.
Ogden Flats marks our first step into Capitol Hill, a neighborhood voted to be one of America’s Top 10 Most Beautiful. Sales for the 1,2 and 3 bedrooms will start in the high 300’s and will include incredible penthouses with views of the city and the Rockies. This is currently the most in-demand market in the city and there are few new competing properties planned or in for permit. Average days on market for this product is under one month.
Total Project Revenue: $15,750,000 Residential Units: 29 Sell Out: 12/2017
Total Equity Raised: $2,565,000 Payback: 30 months Return on Equity: 70% IRR: 28%
1300 Ogden Street | Denver, CO