(To read more on the multifamily market, click here.)

LAKEWOOD, CO-Denver-based Continuum Partners, through a subsidiary, is kicking off a luxury condominium project called the Residences at Belmar Plaza. The new project is in the heart of Continuum's $750-million, mixed-use Belmar development that serves as the de facto Downtown for this city west of Denver. The 62 units, priced from $200,000 to $900,000, will range in size from 950 sf to 2,888 sf. They will be available for occupancy in the spring of 2007.

"These are the only homes in Belmar that will be adjacent to the plaza in the heart of Lakewood's Downtown," says Brian Pesch, president of York Management Inc. "That's probably why one-third of the condominiums already have been reserved prior to their official release. Where else can you find homes in the midst of a vibrant Downtown shopping district with incredible views at $240 to $330 per square sf?" Notably, similar condos in Downtown Denver would cost $100 per sf or more.

All condominiums in the five-story building are single level and are serviced by elevator. Underground parking and storage are in an access-controlled garage. Plaza Residential Associates LLC, a Continuum Partners company, is the developer. JE Dunn is the contractor.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.