Prime West JV secures $71m for infill multi-housing development in Denver
Prime West has plans to develop Alloy Sunnyside, a 209-unit, Class A, mid-rise multi-housing development with 2,400 square feet of ground-floor retail in Denver’s Sunnyside neighborhood.
JLL Capital Markets JLL worked on behalf of the developer, Prime West, to arrange co-GP capital with Angelo Gordon and LP joint venture equity through a REIT and to secure construction financing from a national money center bank.
Once completed in early 2023, Alloy Sunnyside will consist of studio and one-, two-, and three-bedroom units averaging 731 square feet. Units will feature in-unit washer and dryers, LVT hardwood flooring, walk-in closets, stainless appliances, and private balconies. The community will offer on-site retail, structured parking, a community entertainment room, fitness center, outdoor pool and sundeck, terrace lounge, dog wash station, and parcel lockers. Prime West collaborated closely with the project’s neighbors and the city of Denver to create an inclusive