The Opus Group® and Amstar to Build Luxury Apartments in Downtown Denver

DENVER, Colo. - Opus Development Corporation, in partnership with Amstar, announced today plans to build a new high-rise luxury apartment building in downtown Denver. Located at 1490 Delgany St., the 10-story building will offer a variety of luxury amenities.

The 285-unit luxury apartment project that will feature approximately 4,000 square feet of retail space on the ground level, which may be utilized by the Museum of Contemporary Art (MCA). The project is a joint venture between Opus Development Corp. and Amstar. Opus Development Corporation is the developer assisted by Urban Market Partners of Denver, co-developer on the project. Opus Design-Build, L.L.C. will construct the building, Opus AE Group Inc. will serve as architect of record, and Shears Adkins + Rockmore will design the building. 

“Opus is thrilled to partner with Amstar to develop a project that will offer upscale living in a prime location in downtown Denver,” said Marshall Burton, senior vice president and general manager, Opus Development Corporation. “Its extensive amenities and proximity to Union Station, Cherry Creek Trail and popular downtown neighborhoods as well as a working partnership with the MCA will be very attractive to a variety of residents.”  

Designed to achieve LEED certification, building amenities will include granite countertops, stainless steel appliances, balconies with mountain views, a pool and a lounge area for all residents.  

Amstar Executive Director Kim Sperry cited strong fundamentals in the Denver market and significant demand for apartment rentals as the reasons for acquiring the site at this time. Sperry notes, “We are excited about the opportunity to play an active role in the continued growth and development of lower downtown Denver. This is a unique urban infill development opportunity in what is unquestionably one of the premier sites in Denver.”   

The project is scheduled to break ground in the spring of 2012. 

Jay Berry of CSG Group was the broker in this transaction.

About The Opus Group
The Opus Group® is a family of national commercial real estate companies headquartered in Minneapolis, with expertise in development, project management and construction, architecture and engineering, finance, sales and leasing. The Opus Group includes Opus Holding, L.L.C. and Opus Holding, Inc. and their operating subsidiaries, Opus Development Corporation, Opus Design Build, L.L.C. and Opus AE Group, Inc. Specializing in office, industrial, retail, residential living, institutional and government projects, The Opus Group has broad capabilities, deep experience and a proven design-build model that delivers solutions for customers on time and on budget. For more information, visit