Newmark Knight Frank Multifamily is pleased to present 1775 Federal, a 43-unit, Class A community nearing completion in Denver, Colorado. 1775 Federal is positioned to benefit from economic and population growth due to its location in a Qualified Opportunity Zone (QOZ). QOZs offer significant tax incentives to private investors and help promote economic and community development in underdeveloped areas. The community is offered as a pre-TCO acquisition to allow a prospective buyer to assume all tax benefits inherited from the QOZ and has an anticipated completion date in 2019. Furthermore, the project has not been placed into service for depreciation or amortization.
1775 Federal consists of all oversized two-bedroom units with condominium quality finishes. Average unit sizes exceed 940 square feet and unit interiors include quartz countertops and backsplashes, stainless steel appliances, barn doors, wood-style flooring, 9+ foot ceilings, built in custom storage, keypad entry, and built-in fiber optic service. A rooftop deck offers 360-degree views of the Broncos Stadium at Mile High, downtown Denver, and the Rocky Mountains. Additional community amenities include a lobby with large windows, exposed concrete work, reclaimed wood, private package system area, and custom local murals.
Located in an up and coming neighborhood and adjacent to the Broncos Stadium at Mile High and the future Stadium Redevelopment, a 3.5 million SF mixed-use redevelopment, 1775 Federal is walking distance to many current and future amenities. 1775 Federal is centrally located and is ten minutes or less to the Decatur-Federal light rail station, Sloan’s Lake, Metropolitan State University and University of Colorado Denver at the Auraria Campus, the Pepsi Center, and downtown Denver (172,000 jobs).
