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Scoring position: McGregor Square at Coors Field gets a rally going of buyers who want an ‘urban resort’

“The dominant buyer thatap put McGregor Square Residences on the scoreboard—80% of its 103 units already sold—sees this as an urban resort, a real community where they’re planning on living long-term.”

Mark Samuelson, Real Estate columnist for The Denver Post.
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Getting your player ready...

Build a trendy residential project next to the most popular ballpark in the country, and you’re going to get sales from fans wanting a Coors Field pied-à-terre; and from the crowd thatap seeking the dining scene in LoDo and RiNo.

But the dominant buyer thatap put the new McGregor Square Residences on the scoreboard—80% of its 103 units sold just over a month after completion—sees this as an urban resort, a real community where they’re planning on living long-term.

One of those is Rockies Club Owner/CEO Dick Monfort, who took a penthouse early-on, then guided the projectap concept toward offering that sense of community. “I want this for the rest of my life,” he said, showing off the views over McGregor Square’s ballpark-themed plaza that divides the Residences from the new Rally Hotel and from offices and retail.

Any other developer, Monfort says, would have taken this block-sized site across from Coors Field and maximized the density while lining the perimeter in sports bars.

Rather, when you line up a tour of remaining units today you’ll find Tattered Cover in the anchor position nearest the ballpark, with a flower shop set to arrive, along with two Starbucks and two themed restaurants.

There are a couple of nice watering holes, too—taking advantage of that wide-open Plaza where tourists are already sitting on its grassy perimeter slope, watching play-by-play on a jumbotron.

But those places won’t be making noise until 2 a.m. “We have strict rules,” notes McGregor Square CEO Patrick Walsh, who also has bought a unit. Bars will close earlier, and the entire block has its own 24/7 security.

Kentwood Real Estate’s Dee Chirafisi, Matt McNeill and Kevin Garrett sold a 2-bedroom-plus-study with a ship’s prow deck pointing to the ballpark, to a buyer from Manhattan. “Itap the only place in Denver where I feel like I’m not leaving New York,” he told them.

One like that is still available ($2.375M), along with a 2-bedroom/2-1/2 bath, over 1,400 sq. feet overlooking the Plaza ($1.7 million), and a 1-bedroom at $900K.

All units, least to most pricey, get Wolf/Sub-Zero/Asko appliances. You’ll see attractions that generate that community feel, including a rooftop pool, well-equipped fitness center on the bridge, urban dog park, and a Legacy Club for residents only, styled like a tavern.

McGregor Square is named for Rockies President Keli McGregor who passed away in 2010. “Coors Field became a case study of urban development for the entire country,” says Dick Monfort. “When they look back 50 years from now, they’ll see that downtown came to be centered around it.”

Call Kentwood for a personal tour, 303-881-6312. McGregor Square is opposite Coors Field southwest across 20th Street. Take 20th east from I-25 into downtown and turn south at Wazee Street.

The news and editorial staffs of The Denver Post had no role in this postap preparation.

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