Urban Realty LLC

Riding the strength of the growing multifamily-housing submarket in metro Denver,Holland Partners Group plans three large apartment complexes that could bring almost 800 units to the market before 2014. Clyde Holland, a former West Coast managing partner for Trammell Crow Residential, formed the company 11 years ago. The Vancouver, Wash.-based Holland, which has a regional office in Denver, recently broke ground on the Highlands Bridge Lofts, a 130-apartment, mix-use development in the trendy LoHi neighborhood at 16th and Boulder streets.

This month, Holland unveiled plans for a 300-unit luxury apartment complex next to Denver Union Station.  The company plans to move dirt on a 353-apartment/retail complex near RDT’s Belleview light-rail station on Interstate 25 before 2012 ends. It’s the rebirth of a project that first was proposed in 2005, but died when the market collapsed in 2008.

There are about 280,000 total apartment units in Denver. In 2011, construction delivered 1,672 units. The market has absorbed 3,000-4,000 per units a year in each of the past 20 years. Denver occupancies is about 95%, while rents have crept up an average of 8% in two years.