Construction of 35-story apartment building at Confluence Park on-schedule for Spring 2017 opening.
Denver, CO (December 21, 2016) – PMRG, a nationally recognized, full-service commercial real estate firm, and its partner National Real Estate Advisors, announced the topping-out of their 35-story apartment project, The Confluence (www.theconfluencedenver.com). Located at Denver's founding site, where the South Platte River and Cherry Creek converge, The Confluence makes a modern architectural statement at the NW corner of downtown. This prime Denver site is situated across from the REI flagship store, adjacent to lower LoDo and minutes from major sports arenas.
“Having achieved this significant construction milestone, we are on-track for a spring 2017 opening, and will open our leasing office in January,” said Bryant Nail, PMRG’s Executive Vice President of Multi-family Development. “The Confluence is our first venture into the Denver market, and we’re very excited to contribute to the positive growth taking place in this vibrant city. We have an outstanding track record with similar properties in other parts of the country, and we’re pleased to make The Confluence one of our most recent additions to our portfolio.”
Jeffrey Kanne, President and CEO of National, said: “The Confluence fits National’s investment strategy for developing signature, build-to-core, urban projects, which benefit cities, create jobs and produce attractive returns for our institutional clients.”
GDA Architects designed The Confluence and Clark Construction is the general contractor. The building itself will feature extensive amenities, including a heated outdoor pool and hot tub on a large deck overlooking Confluence Park and the Rocky Mountains; cabanas with individual fire pits; master grilling stations; skyline lounges with NanaWall Systems; a professional chef’s kitchen and catering facility; a state-of-the-art fitness facility; gated, underground parking; a maintenance center for bikes and skis; direct access to Confluence Park; ground floor retail and a 24-hour front desk attendant.
Interior amenities will include solar and blackout shades in every residence; hand-scraped hardwood floors; gourmet kitchens with granite countertops and full-height backsplashes; designer porcelain tile in all spa-style baths; walk-in closets; surround sound acoustical systems; private terraces with unobstructed views of the Rocky Mountains and downtown Denver; a washer and dryer in every home. Select homes will include adjustable bookshelves; floor-to-ceiling windows and direct elevator access.
About National Real Estate Advisors
National Real Estate Advisors is a leading investment manager, specializing in build-to-core—developing and owning large-scale, urban commercial and multifamily projects for its institutional client accounts. National constructs investment portfolios of stabilized modern property assets—apartment, office, mixed-use, industrial, data center and hotel—with design features, technological enhancements, and amenities that can drive high tenant demand and create value for investors. The firm is a subsidiary of the National Electrical Benefit Fund. For more information visit, www.natadvisors.com.