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CU Denver seeking development partner

The University of Colorado Denver is searching for a development partner to implement its Facilities Master Plan that was adopted in November.

CU Denver has hired JLL to consult on how to leverage existing real estate assets and realize master plan priorities, including building a new first-year residence hall and dining facility to meet the needs of its growing student body.

“As Colorado’s only public urban research university, CU Denver is committed to its home in the heart of this vibrant city,” CU Denver Chancellor Dorothy Horrell says. “We’ve hired JLL to help us determine how we can maximize our real estate assets to the benefit of our students now, while ensuring our land is preserved for the needs of our university in the future.”

JLL will be soliciting a private-sector partner for a development, operation and management opportunity at Walnut and Fourth streets near the intersection of Colfax Avenue and Auraria Parkway that includes the existing 700-bed Campus Village Apartments and an adjacent undeveloped parcel.

“The site offers an existing revenue stream from the ind-demand Campus Village Apartments, says Bob Hung, managing director with JLL’s Higher Education Group. “It’s located next to the Auraria Campus with nearly 50,000 students, as well as two light-rail stops — one of which provides direct access to Mile High Stadium. It’s an attractive development opportunity for a partner to activate under-utilized land with mixed-use development, enabling CU Denver to direct its focus and funding to its critical facility needs.”

The selected partner will also work with CU Denver to develop a first-year housing and dining facility on the Auraria Campus. The new facility will bring first-year students into the heart of CU Denver’s campus neighborhood and strengthen the university’s connection to downtown Denver.

An RFQ and RFP process will begin in August. A development partner is expected to be selected by March of next year.

Read more articles by Margaret Jackson.

Margaret is a veteran Denver real estate reporter and can be contacted here.
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