Luxury apartments coming to City Park

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Highlights:

  • Picerne Group developing luxury apartments near City Park.
  • It is called Venue on 16th.
  • JG Johnson Architects is designing it.
Venue on 16th.

Venue on 16th.

The Picerne Group, a Southern California-based real estate firm, recently broke ground on Venue on 16th, a 180-unit apartment community in City Park.

The privately held Picerne Group, which has a regional office in Denver, is developing the luxury community at 2900 E. 16th Ave.

The community is expected to be open in late 2015.

“This is truly an infill project in the historical and iconic City Park neighborhood, which is experiencing a lot of growth and redevelopment,” said Christopher Davis, managing director of the Picerne Group.

“A block from the park and dining and entertainment on (East) Colfax Avenue, this prime location offers an array of amenities and will cater to a wide demographic,” Davis continued.

The community is close to employment opportunities in downtown and Cherry Creek, providing residents with a “desirable neighborhood lifestyle,” he added.

The 155,000-square-foot five-story apartment building, designed by Denver-based JG Johnson Architects.

It will include 14 studios, 99 one-bedrooms, 63 two-bedrooms and four three-bedrooms, wrapped around a 243-space garage on the first level and a podium courtyard and pool on the second level.

Contemporary interiors will include gourmet kitchens with stainless steel appliances, granite countertops, European-style cabinetry, wood plank-style flooring, oversized bathtubs and mudrooms with ample storage and bike racks.

Residents will have access to a resort-style pool and spa with cabanas and barbecues, a top-floor sky lounge with views of the mountains and City Park, a state-of-the-art gym and yoga studio, a pet-washing station, bocce ball court, bicycle storage and maintenance room as well as car charging stations.

Golden-based CFC Construction is the general contractor.

The community will generate 220 local jobs, $142 million in local income and $1.4 million in taxes and other revenues, based on a National Association of Home Builders’ formula on the impact of multifamily housing construction.

Interested in buying a home in City Park? Please visit COhomefinder.com.

Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.

 

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John Rebchook

John Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the Rocky Mountain News, he wrote about residential and commercial real estate for 26 years. He has won numerous awards for business stories and columns that he wrote, both as an individual and part of teams. In addition to real estate, he also covered economic development, banking and financing, the airlines, and cable TV for the Rocky. In addition, he was one of the original freelance writers for GlobeSt.com, covering commercial real estate for the Internet publication.

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