Investment Overview

Marcus and Millichap is pleased to present the Tailwater Apartments, a near permit ready 128-unit multifamily building located in the West Colfax neighborhood and walking distance to Sloan’s Lake, Sheridan Station light rail station and Colfax retail. This neighborhood is sought after by young working professionals for its easy access to bars, restaurants, breweries, retail, and some of Denver’s most sought-after neighborhoods. Tailwater is a seven-story podium building consisting of parking at grade level via alley access, a ground floor lobby and lounge area. On the second floor there is a fitness center, a co-working space and patio area. The remaining four levels will be apartment units consisting of 100 studios averaging 486 sqft and 28 one-bedrooms averaging 520 sqft. The interior finishes will be modern and high end with designer style cabinets, large islands with waterfall granite, vinyl plank flooring, kitchen backsplash, gold fixtures, a neutral paint scheme and stainless-steel appliance packages. To see interior unit finishes, please review page 32 in the OM. The interior common spaces will be open and airy with large windows that provide lots of natural light, the floor will be polished concrete, there will be a coffee bar and ample seating, the overall design will be one of a kind and unique. To see interior hallway, lounge area, and common area designs please review page X of the OM. Tailwater is a strong opportunity for an investor to step into a near permit ready multifamily development project in one of Denver’s most popular neighborhoods. But unlike most projects this will allow a new owner to change some aspects of the project prior to final approval and plans.