Source: Colorado Real Estate Journal, June 19, 2024, p. 24: A trio of separate but adjoining land parcels off South Santa Fe Drive has traded hands for $19.85 million, or $52 per square foot. Embrey acquired the three parcels – located at 1314 W. Oxford Ave., 1315 W. Quincy Ave. and 1325 W. Quincy Ave. – from Sams Service Co., The Great Divide LLC and Kube Carrasco Leasing Co., respectively. Embrey plans to develop a combination of apartments and townhomes on the assemblage, in line with Englewood’s comprehensive plan, which calls for high-density housing or a mixed-use development on the site. The property required rezoning and entitlement prior to the closing. Brian Baker and Tanner Fanello of Fuller Real Estate represented the owner of 1314 W. Oxford Ave., the largest of the three parcels. The site was home to Sam’s Automotive, a fixture in the neighborhood
since 1946. Baker and Fanello also acted as the transaction brokers for the other two parcels. “The Embrey team was incredibly professional and were a pleasure to deal with throughout the rezone and entitlement process,” Baker said. “It was a challenging deal that took nearly three years under contract to complete.” The land assemblage totals 8.77 acres. is within walking distance to the Oxford light-rail station, Englewood Recreation Center and Jason Park. The property is kitty-corner to the River Point at Sheridan shopping center on South Santa Fe Drive. Embrey is a national vertically integrated multifamily developer headquartered in San Antonio, Texas. The firm’s portfolio includes properties in Arizona, Colorado, Florida, North Carolina, Tennessee and Texas.
