Pinnacle & Mortenson Announce Plans for Opportunity Zone Project

Opportunity Zone real estate investment management firm Pinnacle Partners, in partnership with Mortenson Development, is planning to develop a new multifamily housing development located at 2506 W. Colfax Avenue in Denver. Pinnacle Partners is investing 100 percent of the limited partner equity, and Mortenson Development is serving as the developer for the project. KEPHART is the architect. The team expects to break ground in Q1 of 2023.

“I have been combing the market for Opportunity Zone sites, and this location is perhaps one of the strongest Opportunity Zone sites in the country,” said Jill Homan, managing director for Pinnacle Partners Opportunity Zone Fund VIII. “We are excited to partner with a best-in-class developer in Mortenson to realize the vision of this project.”

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