35-story apartment building at Confluence Park is welcoming new residents to their apartment homes
Denver, CO – PMRG, a nationally recognized, full-service commercial real estate firm, and its partner National Real Estate Advisors, are pleased to announce the grand opening 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.
“PMRG and National take pleasure in welcoming new residents to their apartment homes at this outstanding luxury project, meeting the demand for contemporary downtown living environments” 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, National’s President and CEO, said: “The Confluence is in keeping with National’s investment strategy to develop build-to-core projects in America’s most dynamic urban locations, providing vanguard amenities and distinctive design for our tenants.”
GDA Architects designed The Confluence and Clark Construction is the general contractor. The building features 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 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; private terraces with unobstructed views of the Rocky Mountains and downtown Denver; and a washer and dryer in every home. Select homes include adjustable bookshelves; floor-to-ceiling windows and direct elevator access.
HFF arranged the joint venture equity along with the U.S. Bank construction loan for the development. The HFF team representing the borrower included managing director Rob Rizzi of HFF’s New York office as well as managing directors Josh Simon and Jordan Robbins from HFF’s Denver office.
About National Real Estate Advisors
National Real Estate Advisors is an 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.