Robert J. Francescon Of Century Communities Purchases Development Site In Denver For $9.5M

The transaction involves a development site located in Denver, CO, sold for $9,500,000. The asset consists of 116 units at a price per unit of $81,897. Century Communities has commenced construction on a project known as The Stevie, which is a luxury apartment development under its multifamily division, Century Living.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $9,500,000
• Units: 116
• Buyer: Robert J. Francescon - Century Communities
• Seller: Elevation Development Group
• Market: Denver, CO
• Price Per Unit: $81,897

Robert J. Francescon represents Century Communities in the acquisition of the property, while Elevation Development Group is the seller in this transaction. The project aims to enhance the multifamily housing options in the Highland neighborhood of Denver, where the site is located.