Denver (June 11, 2014) – Novare Group and Batson-Cook Development Company are planning their 12th SkyHouse® luxury apartment high-rise, which will be in Denver, Colo.
SkyHouse Denver, a distinct 25 story, 354 unit apartment community, is planned for a site at the corner of Broadway and 18th Avenue. Ground could be broken in the third or fourth quarter of 2014.
“Downtown Denver has captured the imagination of the urban dweller out west in so many ways,” said Jim Borders, President, Novare Group. “We are excited to be working with Batson-Cook Development Company to add SkyHouse Denver to the fabric of downtown.”
SkyHouse Denver would be the first SkyHouse built outside of the Southeast. It would follow the successful deliveries of SkyHouse Midtown and SkyHouse South in Atlanta, Ga., SkyHouse Orlando and SkyHouse Austin, all of which are complete. Other SkyHouses are currently under construction in Dallas, Atlanta, Houston, Charlotte, Tampa and Raleigh. The program represents more than $650 million in new construction and thousands of construction and permanent jobs.
The innovation of the SkyHouse program lies in the experienced team lead by Atlanta based Novare Group with co-sponsor Batson-Cook Development Company, general contractor Batson-Cook Construction and architectural firm Smallwood, Reynolds, Stewart, Stewart. The partnership allows the SkyHouse communities to be delivered at a competitive cost basis in urban locations where strong demographic trends favor intown living but where apartment cost economics are otherwise difficult for high rise towers directed at a younger population.
Targeting Gen X and Y working professionals, SkyHouse Denver will feature residential units of one, two and two bedroom/den floorplans, with high-end finishes and floor-to-ceiling glass. The signature “SkyHouse” will be situated on the 25th floor with a club room, fitness area, and outdoor amenity spaces that include a swimming pool, fireplaces, outdoor kitchen, covered outdoor lounges, and 360-degree views of the city. The project will be environmentally sustainable and Energy Star certified.
About Novare Group
Novare Group is a real estate development and investment company headquartered in Atlanta, Georgia, consisting of several investment and operating companies, including
Novare Group Holdings, LLC, NGI Investments, LLC, Novare Events, LLC, HomeOwners Advantage, LLC, and TWELVE Hotels and Residences, LLC. Since 1995, Novare Group has developed over 10,000 high-rise residences in 30 buildings around the southeastern United States. Learn more by visiting www.novaregroup.com.
About Batson-Cook Development Co.
Founded in 1963, Batson-Cook Development Company is a wholly owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia, Batson-Cook Development Company offers a wide variety of real estate services from development and construction, to equity and credit enhancements, to brokerage and property management. Learn more by visiting www.batsoncookdev.com.