EMBREY Spends Nearly $20M on Choice Denver Apartment Parcels

The land is within walking distance of a light rail station, has views of the mountains and is near shopping and entertainment. That was enough for EMBREY to pay $19.85 million on three adjacent parcels. The prolific apartment developer plans to develop a 395-unit multifamily community at 1314-1315 W. Oxford Ave., and 1325 W. Quincy, the site of the now-shuttered Sam’s Automotive. The first units and clubhouse are expected to be available in late 2026 with project completion in 2027. 

The real estate investment company has 17 completed projects in Colorado, and the Englewood project will be its sixth currently under construction.

The Denver Business Journal reports the rental price for the units will range from $1,700 for a studio to $4,000 for a larger townhome.

Cresset Partners, a private investment firm, will help finance the project, which is in a Qualified Opportunity Zone.