National developer PMG has secured $107.5 million in construction financing for Waldorf Astoria Residences Denver Cherry Creek, a boutique condominium project marking the debut of the storied Waldorf Astoria brand in Colorado. Financing was provided by Maxim Capital Group. The transaction was led by PMG’s Capital Markets team composed of Andrew Warman, Jonathan Blank, and Paton Marion in coordination with in-house counsel Lowell Plotkin, Lindsay Davis, and Scott Buscemi. Alexandra Lehson of Bilzin Sumberg served as PMG’s transactional counsel, and Brownstein Hyatt Farber Schreck served as land use counsel. MMPS (Mavrides, Moyal, Packman & Sadkin) served as Maxim’s transactional counsel. Dawn Raymond of Kentwood Real Estate is leading sales for this project, with limited inventory remaining.
“We are honored to once again have the support of Maxim Capital Group to bring the legendary Waldorf Astoria Hotel & Residences brand to Colorado,” Dan Kaplan, managing partner at PMG. “The enthusiastic response to this project from its community and the strong sales momentum we’ve witnessed demonstrate the market’s appetite for a development of this caliber, as well as the confidence that exists in our ability to deliver a truly world-class property. As we move closer to delivering this landmark collection of residences in Cherry Creek North, we remain committed to setting a new standard for timeless luxury living in Denver.”
Concept design for the property is led by Denver-based Shears Adkins Rockmore (SAR+) in collaboration with Carlos Ott. Award-winning interior design firm BAMO incorporates elegant and streamlined design with dramatic accents and raw, yet refined materials inspired by the snow-capped Rockies.
Waldorf Astoria Residences Denver Cherry Creek will comprise fully finished luxury residences, ranging from 690 square feet to 3,879 square feet. Residences feature stunning mountain and downtown views and luxurious finishes and appliances that craft an ambiance of unique character and refined elegance. These include custom gourmet Boffi kitchens, custom built-out closets and flooring selections curated by BAMO, Italian bathroom vanities with stone tops and Waterworks fixtures, fully integrated Sub-Zero and Wolf kitchen appliance packages, contemporary lighting packages, and smart home capabilities. A majority of residences will also include semi-private elevators and private balconies.
“We’re pleased to close another transaction with PMG,” said Jason Bordenick, partner at Maxim Capital. “The strong presales reflect the demand for a high-quality, well-designed product that Cherry Creek truly needs. We look forward to supporting PMG in completing this project.”
As an iconic brand synonymous with timeless luxury rooted in elegant service, Waldorf Astoria will deliver a personalized living experience like no other to Cherry Creek. This includes a legendary Peacock Alley-inspired lounge, a signature restaurant, a rooftop pool with bar and lounge areas, and a wellness center with massage, saunas, and steam rooms. Additional amenities include a state-of-the-art fitness and movement studio, a curated lobby with an impressive porte-cochere drop-off experience, and dedicated electric vehicle charging stations. Waldorf Astoria Residences Denver Cherry Creek’s amenities will be professionally managed by Hilton Management Services, reflecting the hallmark service of the Waldorf Astoria brand.
With more than 32 years of experience and a nationwide presence in luxury residential development, PMG has delivered more than $12B in assets with impeccable attention to execution and detail. Notable branded residential projects by PMG with Hilton include Waldorf Astoria Residences Miami, which will rise as the tallest building south of Manhattan and Miami’s first supertall as well as Waldorf Astoria Residences St. Petersburg on Florida’s west coast.
The sales gallery for Waldorf Astoria Residences Denver Cherry Creek recently opened at 215 St. Paul Street, Suite 130, Denver, CO 80206, with tours available by appointment.
