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RedPeak sells One City Block to RREEF


Denver-based developer RedPeak has sold the One City Block apartment complex in the city's Uptown neighborhood to RREEF America LLC.

The mixed-use LEED certified apartment buildings have 302 units and more than 400 parking spaces that are all concealed in a full block between 18th and 19th avenues and Logan and Pennsylvania.

"One City Block transformed the expansive site of a former Romanesque-style Catholic school into a LEED-certified destination within steps of the state capitol and central business district," says Terrance Hunt, vice chairman of ARA Newmark Company, which represented RedPeak in the deal. "An infill site of this size never will be available again in such a prime location, making this asset truly irreplaceable."

Clustered around a central courtyard, the residential buildings share outdoor amenities, including a 25-meter lap pool, hot tub, full-size sport court, practice putting green, fire pit and lush patio areas. Each building has its own lobby and rooftop deck. In addition, there is a demonstration kitchen, fitness center, separate yoga/TRX studio with weekly classes, lounge with billiards and ping-pong, pet spa, bike shop and business center. 

"There is a very big part of our organization's soul that went into creating, designing, building and operating this special community," says Mike Zoellner, CEO of RedPeak. "Everyone on our team is very proud of what we created here, and we wish RREEF America LLC much success with this one-of-a-kind asset in the future."

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

Read more articles by Margaret Jackson.

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