Capitol Hill gets new apartment building - Inside Real Estate News

The Logan, a green apartment building, has opened in Capitol Hill.

The Logan, a green, five-story, 57-unit apartment building has opened in Capitol Hill. The developer ?believes it is the first new apartment building in the neighborhood in at least a decade.

The Logan was developed by the Denver-based Forum Real Estate Group on a vacant land parcel at East Sixth Avenue and Logan Street that it purchased in 2011.

?This is the first new apartment building to be built in this part of the city in a very long time, and is also one of central Denver?s first new apartment buildings to market,? said Adam Sivakoff of Forum Real Estate Group.

?There has been incredible demand for apartments in the Capitol Hill area in the past few years as evidenced by skyrocketing rents and extremely low vacancy rates,? he continued.

?Many older buildings are being renovated to try and capture the increased need for higher-end apartments in the neighborhood, but as this is new construction with underground parking, it will be a step above anything others are building,? Sivakoff said.

Renter appetite for a Class-a apartment building in Capitol Hill is huge, he said.

?We?re filling a need for luxury apartments in this prime location and we feel very fortunate to be an active participant in the apartment market, and provide people with a building that they?ll be very comfortable in, and appreciate calling home.?

The Logan includes studio, one-bedroom and two-bedroom apartments, with monthly rent rates ranging from $1,090 per month to $1,990 per month.? There are also 49 parking spaces, including one level of underground parking.

Some of the buildings ?amenities include:

• Front loading washers and dryers.
• Keyless unit entry.
• Controlled access building.
• Outdoor courtyard with grills and fire pit.
• Resident lounge.
• Bike kitchen and maintenance room.
• Sudz dog wash.
• Artwork by local artists.
• Elevator access.
• LED lighting.
• Floor to ceiling windows in some units.
• Loft style available in select units.
• Energy Star appliances.
• Recycling chutes on all floors.
• Low-E windows.

The building is ?built green.? ?and is 35 percent more energy-efficient when compared to a standard building, providing energy cost savings for residents.

Boutique Apartments has been appointed as the property management company for the Logan.

For more than a decade Boutique Apartments has specialized in the management of unique, higher-end properties throughout central Denver.

More interested in buying than renting. Check COhomefinder.com for homes for sale in the Capitol Hill area.

Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.

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Source: http://insiderealestatenews.com/2012/11/capitol-hill-gets-new-apartment-building/

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