medici

August 10, 2016 Comments Off on Medici Preps for $19M MXU in Englewood, CO Views: 224 Colorado, National News, Southwest

Medici Preps for $19M MXU in Englewood, CO

Medici Communities has acquired approximately 1.8 acres from Englewood Urban Renewal Authority for $1.7 million. The Colorado developer’s plan is to launch construction on Broadway Lofts, a mixed-use project on the acreage at 3401 S. Broadway in Englewood, CO.

The project will offer 111 one- and two-bedroom apartments in two five-story buildings. Also included will be 11,000 square feet of retail and commercial space, as well as 194 parking spaces. The $19 million development has been in the works for approximately two years.

Medici is receiving financing to the tune of $18.8 from Wells Fargo Bank and Cornerstone Permanent Mortgage Fund III LLC. Also involved in funding is Boston Capital Partners II Corp.

Read More at Colorado Real Estate Journal

Connect with Medici Communities

For comments, questions or concerns, please contact Amy Sorter

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , , ,

Comments are closed.