Helaba Lends $82M on Macy’s-to-Residential Conversion Project Near Denver
AI Summary
Alliance Residential secured $82.2 million in construction financing from German bank Helaba to convert a vacant former Macy's store into a 358-unit apartment complex. The redevelopment is located at the Streets at SouthGlenn shopping center in Centennial, a Denver suburb.
Alliance Residential Company has secured $82.2 million of construction financing for its multifamily makeover of a vacant Macy’s department store in a Denver suburb, Commercial Observer has learned. German commercial bank Helaba supplied the loan for Alliance’s 358-unit apartment complex at a former Macy’s store within the Streets at SouthGlenn shopping center in Centennial, Colo. […]
Markets Deals Real Estate construction financing multifamily retail conversion apartment development Centennial Colorado Helaba