New Multifamily Project to Break Ground in Central Park Neighborhood
High Street Residential, the multifamily subsidiary of Trammell Crow Company, in partnership with PGIM, has purchased land for the development of Central Park Station Residences. The first phase of the development is a 301-unit, Class A, four-story wood-frame apartment project on three acres of land over two levels of structured parking.
This marks the first ground-up development for High Street Residential in the Colorado market and will be a noteworthy addition to one of Denver’s most successful master-planned communities, Central Park (formerly Stapleton). The Central Park Station project was designed by KTGY Architects and will be constructed by Martines Palmeiro Construction LLC (MPC). Construction is scheduled to commence immediately.
“We are thrilled to kick off our High Street Residential brand in Colorado with Central Park Station,” said Erik Hagevik, senior vice president of Trammell Crow Company’s Denver Business Unit. “The project’s location is just south of Interstate 70 along Central Park Boulevard, and adjacent to the Central Park Light Rail Station. Central Park Station is close to downtown Denver, the Airport, and nearby medical communities such as Fitzsimons, University of Colorado Hospital, Children’s Hospital and the VA Medical Center, making this a prime multifamily development area.” The surrounding walkable community also features dozens of shops, grocery stores, breweries, coffee shops, restaurants, and retail.
Phase 1 of Central Park Station Residences promises sweeping views of the Rocky Mountains and downtown Denver from its outdoor courtyards, which feature outdoor active areas with a pool, grills, cabanas and bocce, as well as indoor amenities including a clubhouse, fitness center, co-working areas, and a bike/ski repair room with bike storage. The project is also designed with sustainable components and will seek national LEED Silver certification.
Rendering courtesy of KTGY