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Finger Co. Setting New High for Rental Market

DENVER-Rents will be as high as $1.50 per sf for units in Promenade Place, being developed by Finger Co. of Houston. The first units are expected to be delivered next month.

By John Rebchook | Updated on November 26, 2002

DENVER-When the Finger Co. of Houston started scouting the Denver area to build what it considers the most luxurious multifamily rental community ever seen in the metro area, the economy was booming. Today, the apartment market is in its worst shape in about a dozen years, but the 387-unit Promenade Place may be the most luxurious community ever built in the area.

The first units in the eight-story midrise, one of three buildings under construction will open next month, and most of the units will be available early next year.

The units will be the most expensive ever in the metro area, with rents as high as $1.50 per sf. That equates to more than $3,300 a month for the largest units, three-bedroom, two-bath apartments with 2,217 sf.

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