168-Unit Multifamily Development in Chicago’s Gold Coast Neighborhood

Golub & Company, a vertically-integrated firm specializing in real estate development, operation, and investment, proudly announces its latest endeavor: the management and leasing of 21 East Chestnut. This 168-unit multifamily development offers an attractive mix of contemporary studio and one-bedroom units.

Nestled within the established and sought-after Gold Coast neighborhood of Chicago, 21 East Chestnut is ideally positioned amidst access to public transit, premier shopping destinations, and an array of dining options. This prime location places residents at the heart of it all, mere steps away from some of Chicago’s most renowned parks, outdoor spaces, and cultural attractions, including Lake Shore Park, the Lakefront Trail, City Gallery in the Historic Water Tower, the iconic Magnificent Mile, Oak Street Beach, and the Museum of Contemporary Art.

21 East Chestnut offers a modern, vibrant design, complemented by sleek community amenities. These include a fully furnished rooftop pool and sun deck, offering panoramic city views, a modern fitness center, and a co-working lounge equipped with individual pods to ensure privacy.

Beyond its core expertise as an owner and developer, Golub & Company excels in providing comprehensive property management services for both residential and commercial properties. Our comprehensive suite of management services includes: Leasing, Cutting Edge PropTech, Competitive Rent Analysis, Project Management, Maintenance, Marketing and Communications, Monthly Accounting, and Financial Reporting.

Steve Sise, Chief Operating Officer of Golub & Company, emphasized the company’s dedication to excellence, “Golub offers top-tier property management and leasing with a sharp focus on fostering exceptional resident relations. We bring a deep knowledge of the intricacies of property management and are committed to delivering outstanding service to 21 East Chestnut.”

Golub & Company and FORMATIV Break Ground on First Phase of Transformative 17-Acre Mixed-Use Development at Denargo Market

Phase I commences Sept. 28 with 4+ acres of public realm improvements, green space, activated pedestrian plaza, new sport courts, and more.

DENVER – Sept. 28, 2023 – Joint venture partners Golub and FORMATIV, today, celebrated the groundbreaking of the initial phase of development at Denargo Market. This first phase, focused on infrastructure improvements and the public realm, will bring 4+ acres of open space and much-needed amenities to the area. This phase is crucial for the future placemaking at Denargo Market. When fully built out, the 17-acre mixed-use development will provide office, residential, retail and hospitality woven together by a new, world-class public realm all situated along Denver’s South Platte River.

“We all want a city that is vibrant,” said Mayor Mike Johnston. “That means that it is active, engaged, where people are present and enjoying all the city has to offer. Denargo Market will add that vibrancy to this neighborhood and to downtown. As part of our goals on climate, we want more density, we want more walkable, bikeable neighborhoods. These residences will be easy to walk to, bike to, or stroll to work if you’re downtown or in the RiNo area. All of those are critical long-term goals, that are about making sure we bring development that expands the greatness of the city and the goodness of the city.”

Zoned for over 3 million square feet of development, Denargo Market, which lies just north of downtown Denver, will be a significant addition to Denver’s skyline. Ample public-facing amenities and public open spaces woven throughout the site are designed to maximize the Colorado lifestyle and invite everyone to gather and play.

The mixed-use development at Denargo Market features build-to-suit and campus opportunities for businesses seeking to be at the center of the dynamic development. Office opportunities range from 200,000 SF to 1.5M SF. residential and hospitality developments are slated to be strategically positioned throughout, and key to the vision will be 80,000 SF of captivating retail that will provide day-to-night activation.

“Today marks the start of improvements to the public realm that will come to define the Denargo Market experience,” said Laura Newman, Vice President of Investment & Development at Golub & Company. “Designed as a true community gathering space, we’ve intentionally protected mountain and city views, open green spaces and riverfront accessibility to ensure these vital elements will forever be part of the public experience at Denargo Market; we’re thrilled to be kicking off that work today.”

Horizontal improvements begin with extensive environmental remediation of a historic landfill, followed by the installation of underground wet and dry utilities, stormwater management, and a new street network with sidewalks, lighting, and protected/elevated bike lanes. Upon delivery, these improvements will strengthen connections between Brighton Boulevard and the South Platte River, making this area pedestrian-centric once again.

The public open space and amenities delivered as part of this phase will include new sport courts, a revamped dog park, an activated pedestrian plaza, a half-acre great lawn and splash pad, as well as a nature-based playground and one of the largest interactive public art installations in Denver. Through a partnership with Denver Urban Gardens, the development will also be home to a new community garden. When complete, these horizontal improvements will result in development pads that are virtually plug-and-play for future vertical development at Denargo Market.

“Developing 17 acres of prime riverfront space here in Denver is a once-in-a-lifetime opportunity and the culmination of years of development work in this area for our team,” said Sean Campbell, CEO of FORMATIV. “This is the largest infill taking shape in Denver right now, and it will be a game-changer for inclusivity in our city. Denargo Market will undoubtedly become a place where businesses want to establish their offices, residents chose to live, and Denverites will spend their nights and weekends; it’s incredible to see this vision begin to take shape.”

Sasaki is serving as the landscape architect and Swinerton as the general contractor on the public realm improvements, which are slated for completion in summer 2025. Additional project partners include Martin & Martin as civil and structural engineer, Denver Parks & Rec – a public/private partnership to enliven the South Platte River frontage – and CBRE and Sullivan Hayes for Office and Retail Leasing, respectively.

Planning for the vertical phases of Denargo Market is well underway. The first development, which broke ground in January of this year, is an affordable housing community made possible by the donation of land by the ownership group. The 56-unit community is being developed by Pennrose with services provided by TGTHR, a Boulder-based organization that provides supportive housing for youth ages 18-24 who are experiencing homelessness.

“Starting with the public realm improvements and the incredible affordable housing project with TGTHR was intentional; this ensures Denargo Market will be a sustainable place that welcomes everyone in our city to live, work, and play,” added Newman.

Earlier this month, the City of Denver’s Planning Board also advanced Golub & FORMATIV’s proposed 16-story, 380-unit multifamily community near the intersection of Denargo Street and Delgany Street. In keeping with the development’s prioritization of connections to nature and community, the project will feature protected mountain views to the west, city views to the south, private balconies, a pool and rooftop lounge, as well as nearly 4,000-square-feet of activated ground-floor retail. That project is set to break ground in Q1 of 2025.

For the latest Denargo Market updates, renderings and multimedia assets, please visit www.DenargoMarket.com.