Opus Development Plans New Luxury Apartments in Central Platte Valley

By Gabriel Circiog, Associate Editor Opus Development Corporation recently unveiled plans to build a new, 10-story luxury apartment building in downtown Denver. The plans call for a 285-unit community to be developed at 1490 Delgany St. in partnership with Amstar, a [...]

Opus Development Corporation recently unveiled plans to build a new, 10-story luxury apartment building in downtown Denver. The plans call for a 285-unit community to be developed at 1490 Delgany St. in partnership with Amstar, a Denver real estate investment manager. Urban Market Partners of Denver will be working on the project as a co-developer.

The design was created by Shears Adkins + Rockmore of Denver, while Opus AE Group Inc. is to be the architect of record. Jay Berry of CSG Group was the broker for the transaction.

The project will feature 4,000 square feet of retail space on the ground floor, which may eventually be utilized by the Museum of Contemporary Art (MCA). The building is designed to achieve LEED certification, and ground-breaking is expected for the spring of 2012.

The Denver Business Journal reports that this is just the latest multifamily development to emerge in the Central Platte Valley. Other developments planned for the area include:

  • A 312-unit community at 20th Street and Chestnut Place
  • A 13-story, 220-unit community at 17th Street and Chestnut Place by Zocalo Community Development Inc.
  • A 300-unit luxury community at 16th and Wewatta streets by Holland Partners Group
  • A 242-unit community at 20th and Little Raven streets by AMLI Residential

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Illustration courtesy www.denver-cityscape.com