(Denver, Colo.) – The Breakers Resort, long known as one of the most dynamic apartment communities in Colorado, is shedding its skin, unveiling a new identity and new name to go along with new ownership. Michael Stein, Founding Partner of Pensam Residential, announced that The Breakers Resort will be rebranded as TAVA Waters.
As the largest physical asset in metro Denver offering a nearly 190-acre site which spans 1,523 units among six villages, a privately-owned lake and a 26,000-square-foot recreation center located within minutes of downtown Denver and Cherry Creek, The Breakers has been a multifamily icon in Denver for nearly three decades. Under the new ownership of Pensam Residential – with continued involvement of Koelbel and Company who will stay on as a minority owner – The Breakers is undergoing a large three-phased value-add strategy to enhance the property as a true twenty-first century lifestyle community. The first phase is the rebranding to TAVA Waters, complete with new name, logo, and website.
“The rebranding of The Breakers to TAVA Waters is the first step in taking the original vision of the community and bringing it into the future – modernizing while staying true to our roots,” said Michael Stein, Founding Partner of Pensam Residential. “Our focus is on appealing to the next generation of residents – those looking for a community that offers a convenient, holistic lifestyle rooted in Denver adventure.”
With the first value add phase complete with today’s launch of the new branding and the new website, phases two and three of the TAVA Waters overhaul are also underway. Interior unit upgrades have already begun, with plans for 25 to 35 units to be upgraded each month over the next 18 months. Upgrades include new finishes such as stainless steel appliances, quartz countertops and faux wood floors; Nest Thermostats; Kevo Bluetooth Door Locks; Google Home devices; and water saving faucets, toilets, and shower-heads.
In addition, Pensam Residential will be installing eight electric car charging stations and beginning exterior renovation efforts such as LED lighting, exterior building repairs, and repainting the entire community. Large-scale amenity upgrades will begin with interior renovations to the Boundary Bay clubhouse, as well as the transformation of theFriday’s Harbour Clubhouse into a new Operations Center. The final phase will be centered on an overhaul of the main Catamaran Clubhouse, inclusive of a state-of-the-art fitness center, expanded modern pool area and new restaurant space. Stein shared numerous renderings of the property upgrades with attendees at the Multifamily Development & Investment Conference, which are available to view here.
“The Breakers was a visionary concept when it was founded nearly 30 years ago,” said Stein. “Today, with the unveiling of the new TAVA Waters name, logo and website, we’re launching a vision for the next 30 years.”
Rendering Image Courtesy of Pensam Residential
