{"id":3941,"date":"2026-08-20T10:03:47","date_gmt":"2026-08-20T10:03:47","guid":{"rendered":"https:\/\/coloradospringsmoverss.com\/?p=3941"},"modified":"2026-08-20T10:03:47","modified_gmt":"2026-08-20T10:03:47","slug":"denver-based-affordable-housing-developer-ulysses-expands-into-larger-cherry-creek-office","status":"publish","type":"post","link":"https:\/\/coloradospringsmoverss.com\/?p=3941","title":{"rendered":"Denver-based affordable housing developer Ulysses expands into larger Cherry Creek office"},"content":{"rendered":"
\n
Getting your Trinity Audio player ready…<\/strong><\/div>\n
\n

In its five years, Ulysses Development Group has outgrown its Cherry Creek office space four times.<\/p>\n

Read more These are Colorado\u2019s top-performing schools on 2026 CMAS tests<\/a><\/p>\n

The first three times, the Denver-based firm expanded within the building at 210 University Blvd., where it started with six employees in a windowless basement.<\/p>\n

\u201cThe office space \u2026 right now is a combination of multiple spaces, and it took a minor miracle for that to come together,\u201d co-founder Yoni Gruskin said. \u201cWe\u2019ve just been constantly working through this Cherry Creek office space jigsaw puzzle.\u201d<\/p>\n

But the puzzle will soon be over. The business founded by Gruskin and Connor Larr recently leased a 21,000-square-foot office at 250 Fillmore St. in Cherry Creek, a few blocks away.<\/p>\n

Ulysses today has a team of 60 and is active in nearly a dozen states. It\u2019s built 2,700 apartments and is actively building or planning 3,000 more, including a multiphase project on the Central Park train station\u2019s parking lot.<\/p>\n

The business currently occupies 16,000 square feet on the second and fourth floors of 210 University. Gruskin said Ulysses\u2019 next move should be its last for a while.<\/p>\n

\u201cWe feel that where we\u2019re moving into, we should be able to stay for the entire 10-year term of that lease,\u201d he said.<\/p>\n

The company\u2019s growth is a testament to the demand for income-restricted housing across the country, Gruskin said. But the scale and pace of the work have required larger and larger teams. Nearly all of its employees come to the office five days a week.<\/p>\n

\n<\/div>\n

\u201cThe office is super important because that\u2019s how you can be successful and scale in this business,\u201d said Larr.<\/p>\n

The two wanted to stay put in Cherry Creek, the city\u2019s hottest office market, where space is tight, and rents are high. Ulysses was also working against its own internal clock, needing to add more employees in short order to keep up with its growth. That made leasing space in a planned office building or one under construction a nonstarter due to uncertainty about timing.<\/p>\n

Fortunately, their office broker spotted an opportunity. Spaces, a coworking firm, was leaving its office space on the third floor of 250 Fillmore. Ulysses quickly jumped on the opportunity.<\/p>\n

Read more More lane closures needed for I-70 Floyd Hill construction, CDOT says<\/a><\/p>\n

\u201cThe exercise in Cherry Creek is either paying very close attention to lease expirations or moves, which don\u2019t happen frequently,\u201d Larr said.<\/p>\n

\n<\/div>\n

The path forward is to keep building and to add more services to the buildings. Ulysses works with a third-party property management company to help run its complexes, but some residents require extra care and attention that the developer wants to provide itself.<\/p>\n

One such example is up in Broomfield, where the company is building the 152-unit Harvest Hill project. Several apartments will be reserved for those with intellectual disabilities. And in Phoenix, Arizona, Ulysses reserved a handful of units for women escaping domestic violence or sex trafficking at a new build.<\/p>\n

The company doesn\u2019t just do ground-up work, either. In Eagle, it recently completed a 120-unit project that nearly saw its 30-year income-restriction covenants expire. Ulysses purchased the building, spent $90,000 per unit on renovations, and renewed the income restrictions for an additional 60 years.<\/p>\n

Larr added that the building makes up half of the income-restricted housing stock in the tiny mountain town off Interstate 70.<\/p>\n

\u201cThe thing we love about the affordable housing space is that no two projects are the same,\u201d Gruskin said.<\/p>\n

Gruskin and Larr met in New York City in their first year out of college, when they both worked as analysts at Citibank\u2019s municipal bond division. The two then worked together at real estate firm Related Cos. Gruskin focused on income-restricted housing while Larr worked on large, mixed-use projects.<\/p>\n

Larr, 38, who is from Philadelphia, Pennsylvania, stayed out East while the 37-year-old Gruskin, a Denver native, eventually moved to California. The two stayed in touch throughout the years, and when Gruskin began laying the groundwork for Ulysses in late 2020, he knew Larr would make the perfect business partner.<\/p>\n

The name Ulysses comes from the title of a poem written by Alfred Tennyson.<\/p>\n

\u201c\u2019Tis not too late to seek a newer world,\u201d Gruskin said, quoting the poem.<\/p>\n

\u201cThis is a hard business we\u2019re in, but ultimately we want to remember why we\u2019re doing it, and know that if we go headfirst in these challenges, there\u2019s a great deal we can accomplish,\u201d he said.<\/p>\n

Read more Colorado sues Geo Group to force compliance with tuberculosis investigation at ICE detention center<\/a><\/p>\n

Read more from our partner, BusinessDen.<\/em><\/p>\n

Get more business news by signing up for our Economy Now newsletter.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ulysses Development Group is moving to a larger office in Denver’s Cherry Creek neighborhood after growing from six employees to 60.<\/p>\n","protected":false},"author":1,"featured_media":3940,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,4],"tags":[],"class_list":["post-3941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news"],"yoast_head":"\nDenver-based affordable housing developer Ulysses expands into larger Cherry Creek office - Colorado Springs Moverss<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coloradospringsmoverss.com\/?p=3941\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Denver-based affordable housing developer Ulysses expands into larger Cherry Creek office - Colorado Springs Moverss\" \/>\n<meta property=\"og:description\" content=\"Ulysses Development Group is moving to a larger office in Denver's Cherry Creek neighborhood after growing from six employees to 60.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coloradospringsmoverss.com\/?p=3941\" \/>\n<meta property=\"og:site_name\" content=\"Colorado Springs Moverss\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-20T10:03:47+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=3941#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=3941\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/#\\\/schema\\\/person\\\/4857af3bff7f66cee0c97667a8e70c1c\"},\"headline\":\"Denver-based affordable housing developer Ulysses expands into larger Cherry Creek office\",\"datePublished\":\"2026-08-20T10:03:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=3941\"},\"wordCount\":794,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=3941#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/b8df206cae8a3838ed1e3a3b4b88ca14.webp\",\"articleSection\":[\"Business\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=3941#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=3941\",\"url\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=3941\",\"name\":\"Denver-based affordable housing developer Ulysses expands into larger Cherry Creek office - Colorado Springs Moverss\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=3941#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=3941#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/b8df206cae8a3838ed1e3a3b4b88ca14.webp\",\"datePublished\":\"2026-08-20T10:03:47+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/#\\\/schema\\\/person\\\/4857af3bff7f66cee0c97667a8e70c1c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=3941#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=3941\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=3941#primaryimage\",\"url\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/b8df206cae8a3838ed1e3a3b4b88ca14.webp\",\"contentUrl\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/b8df206cae8a3838ed1e3a3b4b88ca14.webp\",\"width\":1920,\"height\":1280},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?p=3941#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Denver-based affordable housing developer Ulysses expands into larger Cherry Creek office\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/#website\",\"url\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/\",\"name\":\"Colorado Springs Moverss\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/#\\\/schema\\\/person\\\/4857af3bff7f66cee0c97667a8e70c1c\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/coloradospringsmoverss.com\"],\"url\":\"https:\\\/\\\/coloradospringsmoverss.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Denver-based affordable housing developer Ulysses expands into larger Cherry Creek office - Colorado Springs Moverss","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coloradospringsmoverss.com\/?p=3941","og_locale":"en_US","og_type":"article","og_title":"Denver-based affordable housing developer Ulysses expands into larger Cherry Creek office - Colorado Springs Moverss","og_description":"Ulysses Development Group is moving to a larger office in Denver's Cherry Creek neighborhood after growing from six employees to 60.","og_url":"https:\/\/coloradospringsmoverss.com\/?p=3941","og_site_name":"Colorado Springs Moverss","article_published_time":"2026-08-20T10:03:47+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/coloradospringsmoverss.com\/?p=3941#article","isPartOf":{"@id":"https:\/\/coloradospringsmoverss.com\/?p=3941"},"author":{"name":"admin","@id":"https:\/\/coloradospringsmoverss.com\/#\/schema\/person\/4857af3bff7f66cee0c97667a8e70c1c"},"headline":"Denver-based affordable housing developer Ulysses expands into larger Cherry Creek office","datePublished":"2026-08-20T10:03:47+00:00","mainEntityOfPage":{"@id":"https:\/\/coloradospringsmoverss.com\/?p=3941"},"wordCount":794,"commentCount":0,"image":{"@id":"https:\/\/coloradospringsmoverss.com\/?p=3941#primaryimage"},"thumbnailUrl":"https:\/\/coloradospringsmoverss.com\/wp-content\/uploads\/2026\/08\/b8df206cae8a3838ed1e3a3b4b88ca14.webp","articleSection":["Business","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/coloradospringsmoverss.com\/?p=3941#respond"]}]},{"@type":"WebPage","@id":"https:\/\/coloradospringsmoverss.com\/?p=3941","url":"https:\/\/coloradospringsmoverss.com\/?p=3941","name":"Denver-based affordable housing developer Ulysses expands into larger Cherry Creek office - Colorado Springs Moverss","isPartOf":{"@id":"https:\/\/coloradospringsmoverss.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coloradospringsmoverss.com\/?p=3941#primaryimage"},"image":{"@id":"https:\/\/coloradospringsmoverss.com\/?p=3941#primaryimage"},"thumbnailUrl":"https:\/\/coloradospringsmoverss.com\/wp-content\/uploads\/2026\/08\/b8df206cae8a3838ed1e3a3b4b88ca14.webp","datePublished":"2026-08-20T10:03:47+00:00","author":{"@id":"https:\/\/coloradospringsmoverss.com\/#\/schema\/person\/4857af3bff7f66cee0c97667a8e70c1c"},"breadcrumb":{"@id":"https:\/\/coloradospringsmoverss.com\/?p=3941#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coloradospringsmoverss.com\/?p=3941"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coloradospringsmoverss.com\/?p=3941#primaryimage","url":"https:\/\/coloradospringsmoverss.com\/wp-content\/uploads\/2026\/08\/b8df206cae8a3838ed1e3a3b4b88ca14.webp","contentUrl":"https:\/\/coloradospringsmoverss.com\/wp-content\/uploads\/2026\/08\/b8df206cae8a3838ed1e3a3b4b88ca14.webp","width":1920,"height":1280},{"@type":"BreadcrumbList","@id":"https:\/\/coloradospringsmoverss.com\/?p=3941#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coloradospringsmoverss.com\/"},{"@type":"ListItem","position":2,"name":"Denver-based affordable housing developer Ulysses expands into larger Cherry Creek office"}]},{"@type":"WebSite","@id":"https:\/\/coloradospringsmoverss.com\/#website","url":"https:\/\/coloradospringsmoverss.com\/","name":"Colorado Springs Moverss","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coloradospringsmoverss.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coloradospringsmoverss.com\/#\/schema\/person\/4857af3bff7f66cee0c97667a8e70c1c","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/coloradospringsmoverss.com"],"url":"https:\/\/coloradospringsmoverss.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=\/wp\/v2\/posts\/3941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3941"}],"version-history":[{"count":0,"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=\/wp\/v2\/posts\/3941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=\/wp\/v2\/media\/3940"}],"wp:attachment":[{"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coloradospringsmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}