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Work Begins On $102-Mil Condo Project

DENVER-BCN Development LLC expects to have Beauvallon condominium complex in the Golden Triangle neighborhood, which will include 60,000 sf of retail, completed in 19 months. Lehman Brothers is providing mezzanine financing.

By John Rebchook | Updated on May 03, 2001

DENVER-BCN Development LLC, headed by local developer Craig Nassi, broke ground on his $102-million, 500,000-sf, twin tower Beauvallon condominium complex in the Golden Triangle neighborhood southeast of the Central Business District. More than 40% of the approximately 200 units, priced from the mid-$200,000s to $2 million, have been sold, Nassi tells GlobeSt.com.

Nassi says the most demand is for units priced at about $385,000. Units range in size from 781 sf to 4,004 sf for a penthouse.

The project includes 60,000 sf of retail. The retail includes a 28,000-sf, two-level fitness center, and an 8,500-sf local gourmet supermarket. The project also will include a rooftop swimming pool with a swim-up bar and hot tub, restaurants, dry cleaner, wine shop, hair salon, coffee shop and bakery.

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