Developer looks to build 12-story apartment complex in Uptown

A new multifamily developer is eyeing a site in Uptown.

Charlotte, N.C.-based Crescent Communities submitted a concept plan in late December for Novel Uptown, an apartment complex that would be built at the southwest corner of Logan Street and 16th Avenue.

The submission came nine months after San Franciscobased Carmel Partners proposed developing the same site.

Crescent’s plans call for 262 units. The structure would top out at 12 stories on the northern portion of the site, stepping down to eight stories on the southern end due to view plane restrictions.

There would be 262 parking spaces across an underground level and floors one through three.

The figures are pretty close to Carmel’s proposal, which called for 281 units.

It’s not unheard of for one multifamily developer to submit a proposal for a site, only to have a different company planning a structure months later. In recent years, three developers have submitted proposals for parcels adjacent to the Sports Castle building on Broadway.

Crescent’s proposed structure would replace the structure at 1559 Logan St. as well as the parking lots to the north and south.

Two of the parcels are owned by Pearl Land Co., according to property records, while the building and southern parking lot are owned by Michael Hall, chairman emeritus of Denver-based Hall & Hall.

The 1559 Logan St. building, which according to property records dates to 1910, is vacant. Hall & Hall formerly used it as an office.

Crescent does not currently have any holdings in the Denver area, but it is planning to build a project in RiNo.