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A joint venture between Prime West and Columnar Investments has obtained $73 million in construction financing for Traer Creek Apartments, a 242-unit podium multifamily project in Avon, Colo. JLL Capital Markets secured the loan from Bank OZK.

The development is part of The Village at Avon, an 1,800-acre, entitled mixed-use project that includes retail, housing, community infrastructure and open space. Scheduled to come online in 2026, the Class A community will rise on 10 acres and is set to consist of three four-story buildings. The unit mix will feature studio, one-, two- and three-bedroom layouts.