Condo builder Craig Nassi is out and Trademark CM Corp. is in as the developer of land at East 16th Avenue and Colorado Boulevard in Denver.
Trademark recently started preparing the site for the construction of a 112-unit, $12 million apartment complex called Colorado Commons. Ron White, Trademark president and chief operating officer, expects the project to be completed in March 2008.
Nassi and his company, BCN Development LLC of Denver, planned to build an "affordable" condo property with upscale services on the site. Nassi didn't return phone calls for comment.
Started in 1993, BCN has built metro-area condos in downtown Denver's Golden Triangle neighborhood -- including Beauvallon, The Prado and Belvedere Tower. All those projects have sold out, according to BCN's Web site. BCN also has projects in other markets such as Houston and Reno, Nev.
Trademark's other Denver properties include the already built 920 East Seventeenth Avenue loft project and The Marais Uptown in Capitol Hill. Projects under construction include the Emerson Uptown Lofts, with some 30 units at East 17th Avenue and Emerson Street, and the 44-unit Piranesi condos on Delaware Street in the Golden Triangle.
The Trademark apartment project joins a couple of other residential properties being built near Denver's City Park.
Those developments include the first tower of The Pinnacle at City Park South condominiums under construction at 1650 Fillmore St., across from Denver's City Park. The Pinnacle's 27-story initial phase includes 144 one-, two- and three-bedroom units, with prices ranging from $275,000 to more than $2 million.
Located on the site of the old Mercy Hospital, The Pinnacle is being developed by Opus Northwest LLC of Denver and Income Property Specialists in Boulder.
The Blueprint condos at Colfax Avenue and Madison Street will include 39 units priced from the mid-$100,000s to the $400,000s. Developer Place LLC promises "a Vespa for every buyer."
The developer plans to break ground on the project, whose units will measure 1,300 to 1,700 square feet, in late June.
