EMBREY has closed on land acquisition and financing for construction of a 370-unit multifamily community in Littleton, Colorado, a desirable suburb in the Denver metro area known for its historic downtown and vibrant culture of shops, restaurants, breweries, galleries and embrace of the performing arts.
The Sullivan, on Mineral Avenue, will feature a private clubhouse, a wifi-lounge with conference room and micro-offices, a game room with billiards, a resort-style swimming pool with spa and private cabanas, and a 24-7 secured package room with refrigeration. Residents will take pleasure in the outdoor grilling area and tend to furry friends in the paw spa and pet park. Active residents will enjoy a dedicated fitness center, a yoga studio with adjacent fitness patio, a gaming lawn, pickleball court and a bike wash and repair room.
Interiors will feature one-, two- and three-bedroom homes with wood-style floors and kitchens with premium cabinets, quartz countertops, and stainless steel appliances.
“Littleton is one of the most sought-after bedroom communities in Denver because of its charm, top-rated school district and proximity to work and leisure activities,” said Jimmy McCloskey, Chief Development Officer for EMBREY. “Our premier community will reflect the expectations residents are seeking in the Littleton lifestyle experience.”
Construction begins in the first quarter of 2025 with first units available to residents in the third quarter of 2026. Project completion is anticipated in the third quarter of 2027.
Texas Capital and Amegy Bank provided financing for the project.
About EMBREY
San Antonio-based EMBREY is a vertically integrated real estate investment company that develops, builds, acquires, owns and manages multifamily communities and commercial assets in select markets throughout the United States. In 2024, EMBREY celebrates its 50th year in business with 50,000 multifamily units and more than six million square feet of commercial property completed in its history. As a leading developer in the multifamily sector, the company has more than 6,000 units under construction or in development. www.embrey.com
About Texas Capital
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit www.texascapital.com
About Amegy Bank
Amegy Bank, a division of Zions Bancorporation, N.A., is a leading Texas bank with $14 billion in assets and about 1,000 employees. In 2023, Amegy earned six Best Brand Awards, 20 Greenwich Excellence Awards, seven Middle Market and 13 Small Business Excellence Awards, ranking third among all U.S. banks. With more than 75 locations across Houston, Dallas-Fort Worth and Central Texas, Amegy is dedicated to serving Texas communities, families and businesses. Founded in 1990, Amegy has a strong tradition of relationship banking, local decision making and financial knowledge. Amegy specializes in banking businesses of all sizes, particularly family-owned businesses, and has the resources to provide financing, treasury management and other products and services that help companies grow. Equally important, the bank offers individuals and families a wide range of depository, lending, wealth management and mortgage solutions. To learn more about Amegy Bank, visit amegybank.com
