First-of-its-Kind Multifamily Community Breaks Ground in Denver

On April 5, Mortenson and joint venture partner Pinnacle Partners, celebrated the groundbreaking of Revival on Platte, a first-of-its-kind multifamily project, part of the Denver Stadium District Master Plan that will showcase the full breadth of Mortenson’s develop, design, fabricate and build capabilities.

The project, Revival on Platte, is situated on a .9-acre building site in a designated Opportunity Zone adjacent to the South Platte River. The new 234,156-square-foot development will feature 200 studio, one- and two-bedroom apartment options across eight stories with two levels of parking. Residents will also have access to an on-site gym, business center and a rooftop amenity deck offering city and mountain views.

“In these current challenging economic times, we are particularly excited to close on our construction financing and break ground on Revival on Platte with our development partner. This transformative development will bring much-needed housing to Denver’s rapidly growing Sun Valley neighborhood,” said Leo Backer, managing partner from Pinnacle Partners. “Revival on Platte serves as a shining example of the potential impact of Opportunity Zones on communities across the country.”

Close to downtown attractions – including universities at the Auraria campus, Meow Wolf and Empower Field – the new multifamily development is additionally near public transit systems and offers direct access to roughly 90 miles of bike trails. Residents will also have access to eight electric cars via a third-party app, further expanding transit options.

The project is slated for completion in 2024.

Read the full article by Mile High CRE