San Francisco- (February 13, 2017) – GID announced today the formation of a joint venture partnership with The Hanover Companies to develop Hanover Broadway Station, a luxury apartment community located in the Platt Park neighborhood of Denver, Colorado. Construction is set to begin this spring after the demolition of the existing structures on the site. The first residences are anticipated to be available in early 2018.   This joint venture is the first in Denver, but the seventh overall between GID and The Hanover Companies.

The community will include 303 apartments in two buildings. The building fronting Broadway will be six stories, while the large building along Lincoln will be staggered in height between three and six stories. The property will feature four resident courtyards, one of which will contain a resort-style swimming pool. Other amenities include a fitness center, club room, ski and bike storage and large lobby with a lounge area. The luxury residences will feature a mix of nine-foot and twelve-foot ceilings, solid surface countertops in kitchens and baths, stainless steel appliances and hardwood floors in the living areas.

Residents will be able to access employment in the Downtown area or the Denver Tech Center via I-25 or the RTD light rail. The site also benefits from a pedestrian friendly location, with a Sprout’s grocery across the street and Whole Foods within walking distance.

Matt Stuart, Senior Vice President and Director of Western Region Acquisitions at GID commented, “GID has owned apartments in the Platt Park neighborhood for more than five years through Windsor at Broadway Station. We expect this development with the Hanover Companies to be similarly successful. With the proximity to two light rail stations and I-25, this central Denver location should continue to be attractive for apartment renters. With the approaching redevelopment of the former Gates site in the next several years, we expect the future uses of that site to enhance the desirability of the submarket even further.”