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December 9, 2020 Comments Off on JLL Arranges $105M in Financing for Denver MXU Development Views: 603 Phoenix & Southwest News, Southwest News

JLL Arranges $105M in Financing for Denver MXU Development

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The X Company secured $105.3 million in construction financing for X Denver2 (XD2), a 22-story mixed-use development. Located in Downtown Denver’s Arapahoe Square neighborhood, the high-rise project will offer private residences and co-living suites at 21st and Arapahoe.

XD2 will allow future members to choose between private apartments or share a fully furnished co-living suite with their own bedroom and bathroom. The project also provides members with more than 15,700 square feet of collaborative working space, a three-story unconventional members-only club featuring a resort-style pool and deck, full-service fitness center and entertainment lounge equipped with a bar.

The X Company’s Noah Gottlieb says, “We are excited to continue to grow the X brand and want to thank our partners CIM and JLL for all the work it took to get this done in a very challenging year.”

JLL’s Eric Tupler, Christopher Peck and Josh Simon arranged the financing through CIM Group on behalf of the Chicago-based borrower.

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