Coming soon: Denver developments slated to be completed in 2021, part one
BusinessDen file photos)
While 2020 didn’t see a ton of non-residential groundbreakings in Denver, plenty of projects were well underway by the time the coronavirus pandemic set in.
And many of those projects are slated to be completed this year, including multiple hotels, which will open at a time when the hospitality sector is still grasping at recovery.
Here is part one of BusinessDen’s look at the major Denver developments likely to be completed this year, with a focus on downtown.
Look for part two featuring projects in Cherry Creek, RiNo and Sun Valley later this week. We’re excluding multifamily projects largely on these lists because there are so many underway.
Marcus & Millichap acquires LMI Capital
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LMI Capital provides capital market services for commercial real estate owners, developers and investors across the Southwest.
Marcus & Millichap, a commercial real estate brokerage firm based in Calabasas, Calif., has broadened its capital markets services with acquisition of Houston-based LMI Capital. Terms were not disclosed.
Founded in 1999, LMI Capital arranges debt and equity capital for multifamily, office, retail, self-storage, hospitality, mixed-use and industrial properties. The deal adds a 10-person team including LMI Capital Principals Jamie Mullin and Brandon Brown to the company s Marcus & Millichap Capital Corp. division.
LMI, which has arranged financing in the multifamily sector through Fannie Mae and Freddie Mac, has completed more than $1.2 billion in transactions over the last three years. The company serves commercial real estate owners, developers and investors across the Southwest.
UTA moves forward with plans for new downtown TRAX station
Station at 650 S. Main Street should be completed in a year, a new deal with Salt Lake City says.
(Rick Egan | Tribune file photo) A TRAX train passes a new development at 650 S. Main Street on Dec. 8. The Utah Transit Authority has a approved a contract with Salt Lake City to proceed with building a new TRAX station at the location with the help of donations from developers with big projects in the neighborhood. | Updated: Dec. 17, 2020, 1:52 a.m.
A new TRAX station in downtown Salt Lake City should be completed by the end of 2021, according to an agreement the Utah Transit Authority Board approved Wednesday with Salt Lake City.