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Denver Developer Receives Financing for Two Projects in Capitol Hill

10/10/2019

Denver-based development and property management company LCP Development, has secured $25 million in financing for 777 and 757 Grant Street in Denver. 777 Grant Street is a vintage office building that will be renovated and repositioned while 757 Grant Street is a Class A, ground-up multifamily development.

JLL worked on behalf of LCP Development, to secure the three-year construction and bridge loan through a national bank. Brinkman Construction is the GC for both projects. Open Studio is the architect for the office project and Humphries Poli is the architect for the multifamily development.

Located on the hard corner of 8th Avenue and Grant Street within Denver’s Capitol Hill neighborhood, 777 and 757 Grant Street possess phenomenal access throughout the Denver metro via automobile, public transit or the Cherry Creek Bike Path. Capitol Hill is highly amenitized with numerous bars and restaurants, entertainment destinations and retail options all within a walkable live-work-play environment that boasts one of the highest resident concentrations in Denver.

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