Senior Living Facility Breaks Ground in Denver
A senior living facility, planned for over five years, has broken ground off Speer Boulevard in central Denver.
Houston-based Hines sold its 0.78-acre site at 96 N. for $14 million last month, according to public records.
For us, it was an opportunity to continue to invest in a market that we believe has runway in this space
NexCore Group, the buyer, broke ground on the five-story, 112-unit building that Hines drew up, according to NexCore Chief Investment Officer Michael Ray.
- Project location: off Speer Boulevard in central Denver
- Project details: five-story, 112-unit senior living facility
- Seller: Houston-based Hines
- Buyer: Denver-based NexCore Group
- Sale price: $14 million
Author's summary: Hines sells development site to NexCore Group for $14M.
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