Laramar to Build New Multifamily Community in Denver
The Laramar Group, a nationally recognized real estate investment and management firm, has announced plans to begin construction this fall on a 155-unit multifamily community in one of Denver’s most prominent infill corridors.
Located at 1565 Colorado Boulevard, the project will bring contemporary rental housing to a core urban neighborhood with limited remaining development opportunities.
The Colfax & Colorado development is positioned just west of the established Park Hill community and within walking distance of the 9+CO development, a 26-acre, mixed-use hub that has redefined the area with retail, dining, entertainment, and cultural venues.
“There is strong demand for new, high-quality rental housing near central Denver, particularly in neighborhoods where larger development sites are increasingly rare,” said Chris Winchester, Senior Vice President of Development at Laramar. “This project represents a unique opportunity to deliver an institutional-scale community in a highly sought-after residential setting. We’re excited to grow our presence in Denver with this distinctive development.”
The Laramar Group | Multifamily Property Development
Laramar currently owns and operates 22 multifamily properties in the Denver metro area, totaling 2,318 units. This includes Metropolis, a 13-story, 71-unit property just 0.6 miles south along Colorado Boulevard.
The development will feature a mix of studio, one-, and two-bedroom apartments averaging approximately 730 square feet. Residents will enjoy a robust amenity package including a rooftop deck with panoramic views of City Park and the Rocky Mountains, a high-end fitness center, clubroom, multiple co-working spaces, and secure, onsite parking for 152 vehicles. With a Walk Score of 86 and Bike Score of 75, the property offers exceptional connectivity to downtown Denver, Cherry Creek, City Park, and surrounding neighborhoods.
The project sits on the former site of the Royal Palace Motel, located just one block south of City Park, Denver’s largest urban park. In recognition of the site’s local history, Laramar has preserved and donated the motel’s iconic neon sign to the Colfax Avenue Museum, where it remains on public display at a nearby gallery.
Denver - A Magnet for Business and Talent
Denver continues to be a leading national destination for business and talent, driven by a favorable tax climate, a highly educated workforce, and a superior quality of life. The area surrounding the project is home to approximately 5,000 healthcare jobs within three major medical campuses, including National Jewish Health, Rose Medical Center, and St. Joseph’s Hospital, all of which are nationally ranked and provide long-term employment stability to the community.
City Park, directly north of the site, spans 330 acres and features the Denver Zoo, the Museum of Nature and Science, boating, sports fields, and a 3.8-mile loop trail. Adjacent to the park is the renovated City Park Golf Course, which includes a new clubhouse and redesigned layout.
The property is located three miles east of the Denver Central Business District, which includes over 34 million square feet of office space and 148,000 jobs. Just two miles to the south is Cherry Creek, one of the metro area’s premier shopping and entertainment districts with 2 million square feet of retail and 10,000 jobs. Denver International Airport, located 21 miles away, is easily accessible via public transportation and major highways.
The new community at Colfax Avenue and Colorado Boulevard will consist of a six-story, wood-framed building with two levels of above-grade parking. Construction is slated to begin in winter of 2025, with first unit deliveries expected in fall of 2027.
About Laramar: In 1989, Jeff Elowe founded a small real estate company that he named Laramar, after his parents Larry and Marlene. 35+ years later, we're an investment and asset management corporation with a multibillion-dollar portfolio. From humble beginnings to nationally recognized, we haven’t forgotten the basic reason for our success*: our people and the relationships they nurture. With a demonstrated record of successful investment strategies.
