loader image
Skip to content

Local Developer Starts 2020 With A Boom

boom

Jan 29, 2020

Denver-based St. Charles Town Co. is starting 2020 off strong.

The real estate development company recently announced it closed financing on a 216-unit workforce housing community in Westminster, purchased a 15K SF retail building at Seventh Avenue and Lincoln Street in Denver, and last month purchased a 12.5K SF building at 709 South University Blvd.

The $55M workforce housing community, called St. Mark Village, will replace a vacant lot at 97th Avenue and Federal Boulevard. Charlie Woolley, founding principal and president of St. Charles, said the project has been in the pipeline since the fall of 2017. It is expected to be completed mid-2021. “It takes an enormous amount of time to put an affordable development together. Sites aren’t easy to come by and the neighborhood outreach for communities like ours in Westminster takes incredible time,” Woolley said.  This project will be St. Charles’ third with Citi Community Capital and equity investor City Real Estate Advisors, which is owned by Omni. The majority of its units will have two and three bedrooms, allowing it to serve families.  Woolley said that this project, along with any other workforce units that St. Charles’ develops, will lease at, or prior to, completion, as the demand for affordable housing won’t be met “for at least a decade.”

Read more >>

Other Recent Posts

St. Charles Town Company Celebrates 30 Years

The Denver based commercial real estate company celebrated 30 years of operation since opening in 1993.
Read More

Longmont City Council hears Sugar Mill redevelopment plan, finalizes ballot questions

“We’re here to ask you to engage with us in a public-private partnership to save the Sugar Mill and make a unique Longmont-centered place,” Woolley said. “We’re making a bold
Read More

New Hire Jason Battista Featured In BusinessDen & Colorado Real Estate Journal

Jason Battista joined St. Charles Town Company LLC as a development partner.
Read More