DENVER, Nov. 4, 2025 – JLL Capital Markets announced today the marketing of 1958 S Josephine St, a 1.73-acre multifamily development site located in Denver’s University Park neighborhood. JLL is representing the seller, The University of Denver.

The 75,400-square-foot infill development site is strategically positioned within the urban core of the University of Denver campus area and benefits from G-MU-5 zoning that allows up to five stories and 65 feet in height, or up to seven stories and 90 feet by complying with Denver’s enhanced affordability incentives. The zoning permits residential, senior housing and student housing uses while offering flexible development conditions such as limited setback requirements and no on-site retail dedications.

Located at the northeast corner of S Josephine St and E Asbury Ave, the property offers exceptional connectivity to Denver’s transportation network. The site is situated minutes from the University of Denver RTD station serving both E and H Lines, providing direct connections to Union Station, the Central Business District, Denver Tech Center and other key destinations throughout the metro area.

The University Park neighborhood presents strong fundamentals for multifamily development, with 50.3% of housing units occupied by renters and a highly educated population where 78% of residents hold bachelor's degrees or higher. The area’s proximity to the University of Denver, which serves approximately 12,000 graduate and undergraduate students across more than 200 academic programs, provides consistent rental demand from both students and young professionals.

JLL Capital Market’s Investment Sales and Advisory team is led by Director Chris Musselman, with Senior Vice President Karlen Beitman and Associate Vice President Steven Gilbert from JLL Work Dynamics’ Government and Education advisory practice who oversee direct client engagement and higher-education advisory services.

“This transaction represents a prime opportunity for developers to create distinctive residential housing in one of Denver’s most established university neighborhoods,” said Musselman. “The site’s flexible zoning, strong transit connectivity and proximity to major employment centers make it an attractive investment in today's market.”

The property’s location provides residents with access to numerous shops, restaurants and entertainment options surrounding the University of Denver campus, while offering convenient commutes to major employment nodes including downtown Denver and the Denver Tech Center, both within 15 minutes by car.

JLL Work Dynamics’ Government and Education division provides Advisory Services to the University of Denver including strategic planning and asset monetization. The division works with all levels of government, educational institutions and mission-focused non-profits to develop tailored strategies that optimize and transform their real estate assets. The advisory practice offers a range of services including portfolio analysis, strategic planning, development advisory, asset monetization strategies, space planning and innovative public-private partnerships (P3s).

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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