Landmark development residences back on the market

East West Partners, a Colorado-based real estate developer and the master developers of Union Station (along with Continuum Partners), will release residences for sale at the beleaguered Landmark development on Saturday.

East West Partners was named the receiver of The Landmark development, in Greenwood Village, in November of 2013 and removed all but the last nine remaining residences in The Landmark West Tower from the market while it began construction on unsold residences in The Landmark East Tower and completed other improvements to the property. Fourteen “Classic Residences” will now be available in The Landmark East.

“We are thrilled to finally bring The Landmark East residences back to the real estate market,” said Amy Cara, partner at East West Partners overseeing the management of The Landmark. “Since we took over as receiver at the end of last year, we have been working closely with residents to make improvements in the community and the individual residences. We’re now ready to begin showcasing the refreshed and reinvigorated Landmark with an East West Partners touch.”

This initial release includes 14 Classic Residences ranging in size from two-bedrooms at 1,286 square feet to three-bedroom plus den penthouses at 3,171 square feet and featuring rich wood flooring, slab granite countertops, distinctive back splashes, premium appliances, fine craftsmanship and detailing, as well as stylish fixtures and accessories. Pricing for the initial release of Classic Residences ranges from $350,000 to $1.7 million.

Also being unveiled on Saturday is a newly renovated sales office and four model residences. The Landmark also recently launched a new website at www.VisitTheLandmark.com.  Additional residences will be released this fall.

With more than 25 years of expertise in residential development, East West Partners already has had a significant impact on The Landmark development. In the 12 months leading up to East West Partners’ arrival, sales were relatively slow at a rate of fewer than two per month. Since East West Partners has arrived, the sales pace has increased to four sales per month on average, and prices have increased approximately 11 percent.

“Our mission was always to restore The Landmark to its rightful place as one of Denver’s premier communities and we’ve been able to move the needle on accomplishing that in a very short period of time,” said Brad Arnold, VP of sales and marketing at The Landmark.

The Landmark East units (East West Partners photos)