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Embrey Buys Big in Lafayette | Real Estate News
Embrey’s big move into Lafayette, Colorado—spending $38.5M on 18 acres to build 324 apartments—is a bold response to Boulder County’s housing crunch, where vacancies hit just 4.5% and new construction has stalled. With permits already secured by former owner Milestone Development Group (who’s staying on as a partner), Embrey aims to break ground before October. Despite Denver’s recent apartment glut causing rent drops, strong job growth and incomes keep demand hot—but rising loan costs and permit hurdles make building harder. Embrey, a seasoned Denver builder with over 7,500 units under its…
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