Source: Colorado Real Estate Journal, July 7, 2021, p. 14.: Crescent Communities, along with financial partner Park Property Capital, purchased 7 acres at 6263 W. Jewell Ave. in Lakewood from seller C&P Properties LLC for $4.7 million. Bob Leino and Andrew Dodgen of Fuller Real Estate represented the seller in the transaction, while the buyer was unrepresented. The site formerly housed White Fence Farm restaurant which shuttered in 2018 and has been vacant since. The developer will build Novel White Fence Farm, a 202-unit residential community, on the land. UMB Bank provided construction financing for the project. Upon completion, the development will consist of multiple elevator-served buildings with studio, one and two-bedroom units. Crescent will re-develop an existing 12,500 sf barn for the clubhouse. Additional amenities will include a spacious fitness center with a dedicated yoga room, secure resident storage and bike rack storage, flexible work from home spaces, a pet spa, dog park, and resort-style pool. Crescent Communities looks forward to introducing Novel White Fence Farm to the Lakewood community, said Ben Krasnow, managing director of the Mountain States for Crescent Communities. “Over the past two years, our team has worked diligently with the city of Lakewood and our future neighbors to ensure that this project will not only have a lasting, positive impact on the area but also will fit naturally into the neighborhood’s identity. We are deeply appreciative of the collaboration from all sides throughout the planning process, and we look forward to continuing to work closely with the Lakewood community as we near groundbreaking.” Crescent began construction on the project last month and expects the first residences to be complete in early 2023.
White Fence Farm Sells
