In a housing market that’s been short on condos and seen escalating sale prices, a Denver-based developer is betting that when it opens POP Denver in the heart of the Art District on Santa Fe in the spring of 2023, the units will be in high demand.
Gated community planned for vacant church site at edge of Hilltop
“As soon as I have the permits, I’ll demolish it,” said Lenny Taub of First Stone Development, which purchased the property earlier this month.
POP Denver Construction Update: Cranes are in the air!
We are very excited to share updates with you, including the fully installed crane, which proudly stands tall at the entrance of Metro Denver!
While the crane will be doing most of the heavy lifting for our pre-cast concrete structure, it will also be utilized as a marketing tool and wave our POP Denver flag wide and high!
123-unit condo project in Denver breaks ground after yearlong delay
After a previous lender put the project on an indefinite pause amid the coronavirus pandemic, newly secured financing has kickstarted the development once again.
Denver’s Tennyson Street facing more changes as bungalows near demolition
A new zoning tool championed by City Councilwoman Amanda Sandoval means business space will be part of historic strip’s future as well as its past.
Denver Multi-family/Retail Development Pushes Colorado’s C-PACE Program Over $100 Million Financed to Date
Lafayette, CO—Colorado C-PACE announced today that First Stone Development will leverage $9.9 million in financing provided by Greenworks Lending to develop a mixed-use multi-family/retail project in Denver. This is the largest single CO C-PACE financing to date and pushes total program financings over $100 million.
Developer planning apartments pays $1.7M for two more lots along Tennyson
DENVER — A developer has nabbed two more lots along Berkeley’s Tennyson Street for a planned apartment project.
117 condos proposed for site in Santa Fe arts district
“First Stone Development is proposing a five-story condominium building, with 117 units and about 11,000 square feet of ground-floor retail space. He said retail in the area is “way underserved,” and hopes to attract a couple restaurants. The project site-development plan was submitted to the city in April, and still needs to be approved. Taub said he’d like to get started on the foundation in September, and expects construction to take 22 months, with completion in summer 2021.”
Denver Zoo’s Community Partner First Stone Development Puts New Townhomes On The Market
“Our community partner First Stone Development, LLC is excited to announce that their new development, Saola Townhomes in Sloan’s Lake, is now on the market. A portion of each sale in this 17-unit project goes directly to our conservation programs, as will portions of future sales of First Stone’s Vaquita Townhomes in the Highlands and Condor Townhomes on Tennyson…”
First Stone Development Building Denver Townhomes in Unique Partnership with Denver Zoo
“DENVER — First Stone Development, LLC a distinguished real estate development company, is thrilled to announce that their premier development, Saola Townhomes at Sloan’s Lake, is now on the market. In addition, First Stone Development is slated to break ground on two other townhome projects later this year: Vaquita Townhomes in the Highlands, and Condor Townhomes on Tennyson. All three townhome developments are uniquely named after endangered species…”
Continue the article at MileHighCRE.com
NYC Developer Breaks Ground on Townhome Sites
“Frontier Airlines isn’t the only company that likes the animal motif.
Lenny Taub, who made his living building New York City condos before moving to Denver last year, is working on 60 townhomes between three sites in western Denver – each named for an endangered animal.
Taub said he got turned on to Denver by his broker, Alex Leder.
“One day he came back from a visit and said, ‘Lenny you should really go out to Denver and have a look around, the place is exploding,’” Taub said. “He was right. The first thing I saw was the construction, all of the cranes, and thought this is really something I should look into.”
Taub’s firm, First Stone Development, has 17 townhomes coming out of the ground at 1530 Irving St. in Sloan’s Lake, with 17 more to come at 3352 W. 38th Ave. and 26 in works at 4469 Tennyson St…”
Continue the article at BusinessDen.com
How Solid Banking Relationships Can Grow Builders’ Portfolios
“Nowhere does the adage of real estate as a primarily relationship-driven industry hold as firmly true as with Colorado Federal Savings Bank’s unique bond with its developers.
CFSB has recently partnered with First Stone Development on not one, but two projects at once.
The budding relationship between CFSB and First Stone Development reads almost like a romantic comedy; it began almost exactly one year ago for Saola Townhomes, the construction of 17 modern townhomes, in November 2015. At the time, both the lender and developer expected a lengthy approval process from the City of Denver and a final approval date of April 2016. Following a myriad of delays by the local municipality, the deal finally closed on Oct. 31, 2016, as soon as the final project approval was received by local authorities.”
Continue the article at BisNow.com