A senior living facility in the works for more than five years has broken ground off Speer Boulevard in central Denver, but the company that planned it isn’t the one building the structure.

Houston-based Hines sold its 0.78-acre site at 96 N. Emerson St. for $14 million last month, according to public records.

And last week, the buyer — Denver-based NexCore Group — broke ground on the five-story, 112-unit building that Hines drew up, according to NexCore Chief Investment Officer Michael Ray.

Hines didn’t respond to requests for comment on the deal, and Ray said he didn’t know why the company opted to sell.

“For us, it was an opportunity to continue to invest in a market that we believe has runway in this space,” he said.

Dubbed Cherry Creek Reserve, the building will feature undergrou

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