Upper West
Boulder Ventures Development has secured funding for Upper West, a 207-unit transit-oriented apartment complex in West Jordan. The total project cost is $52 million.
A JLL Capital Markets team led by managing director Mike White in JLL's Denver office represented the borrower in securing preferred equity to fund the development. The non-recourse financing was secured through a private capital fund.
Situated on 2.43 acres at 3283 West Jordan, the development will be part of the Jordan Valley master development, which includes 1,396 multi-housing units, 83,200 square feet of office space and nearly 35,000 square feet of retail and restaurant space. The property site is adjacent to the Jordan Valley Station TRAX stop and about 13 miles south of downtown Salt Lake City.
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
Already have an account? Sign In Now
*May exclude premium content© 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.
Kelsi Maree Borland
