A sought-after apartment community in Denver’s University Park neighborhood sold for $46.25 million to a buyer planning to make improvements to the midrise asset.

RedPeak purchased the 269-unit Buchtel Park Apartments, located at 3700 E. Jewell Ave., near the corner of Buchtel Boulevard and Colorado Boulevard.

The community, renamed RedPeak Colorado Station, which spans seven buildings, was constructed in 1963 and 1971 on 9 acres of “parklike” grounds. Its location, coupled with the setting and the valueadd opportunity the property offered, drew a significant amount of interest.

Click Here to Read More – Colorado Real Estate Journal