According to recent news in the Denver Business Journal, a new apartment complex is coming to Denver in the Central Platte Valley area. The proposed complex is still finalizing details, but a rendering shows that the complex will be 34 stories, have 288 apartment units, and will be close to Cherry Creek and South Platte rivers on 15th Street and Little Raven. The developers, PM Realty Group, paid $10 million for the 50,000 square foot land where the complex will be constructed. The group feels that the investment was a no-brainer, as the need for more luxury housing (high-quality, high-rise living) is definitely apparent in the metro area. Amenities are unconfirmed, but it is speculated that the tower will have a large rooftop terrace, infinity pool,
The Cherry Creek movers have learned that the multi-family development will fill a need for this type of housing over traditional single family homes that are still the majority of residences in Denver. The location is also prime for the Denver area and it is a gateway location between major suburbs and working communities. It is also predicted to be the tallest building in Riverfront Park, with an aesthetic similar to buildings typically seen in Los Angeles, Chicago, or New York.
Units are projected to feature floor to ceiling windows, and there will be a skyline lounge with a catering kitchen and outdoor terrace on the roof. There will be high end finishes and fixtures, and the developers hope to truly raise the bar in Denver multi-family real estate.