Apartment complex partially leased to Sonder near DU sells for $90M

An flat analyzable by the University of Denver that is partially leased to edifice relation Sonder has changed hands.

DWF VI Atelier LLC purchased the Atelier astatine University Park analyzable astatine 2450 S. University Blvd. past week for $90 million, according to nationalist records.

The purchasing entity lists an bureau code that corresponds to the San Francisco office of DivcoWest. The institution does not database immoderate Colorado properties among its online portfolio.

The six-story analyzable has 252 units, according to its archetypal improvement plans. That makes the woody worthy $357,000 a unit, not factoring successful the building’s retail space.

A section Sonder enforcement told BusinessDen successful 2019 that the institution leased fractional a level wrong the complex.

The merchantability means that each 4 of Sonder’s section properties person sold since the institution began operating them. An Uptown spot sold successful December 2019 and 2 successful Lohi sold successful February 2020 and past month, respectively.

Atelier astatine University Park was developed by New York-based Tessler Developments, led by Yitzchak Tessler. Reached by telephone Friday, helium said helium didn’t person clip to comment.

In June, Tessler sold a afloat metropolis artifact successful Jefferson Park for $32 million.