In a part of the city that is already populated with modern multi-story apartment buildings, plans have been announced for the construction of a 12-story building housing 270 units.
The project will go up on a vacant 1.1-acre site at 575 E. 20th Avenue in the Uptown section of Denver.
That site was previously owned by the Housing Authority for the City and County of Denver, before being purchased in 2018 by Nava Real Estate Development.
Not long after that $7.1 million purchase, Nava announced plans to build its own apartment high-rise at the site with just under 250 units.
Nava eventually abandoned those plans, allowing the Opus Group, which has offices in Denver, to purchase the property.
Specializing in commercial real estate development, Opus is currently in the process of building another 277-unit apartment complex near the city’s Empower Field at Mile High stadium.
In September, Opus saw the completion of nearly 265,000 square feet of industrial space at the Potomac Park at Dove Valley in Englewood.
Opus has submitted a concept plan to the City of Denver for its 20th Avenue project. A construction schedule has not yet been announced.
By Garry Boulard
