Greybrook Realty Partners Inc. announced today that its managed issuer has secured US$44,850,000 in committed equity capital to acquire and oversee the development of a prime parcel of land in Denver, Colorado. Together with its developer partner, PMG, the firm intends to develop the land located at 123 E Speer Boulevard into a mixed-use multi-family residential building. Part of Society Living, a national platform of thoughtfully designed social communities, the development is expected to yield approximately 400 rental units and more than 10,500 square feet of retail.
Society Denver is the most recent addition to Greybrook and PMG’s growing national platform of social living and co-living multi-family rental developments in the United States. Located at the intersection of Speer Boulevard and Lincoln Street, the site occupies a prime location on the southern border of the Golden Triangle Creative District and Capitol Hill neighbourhoods, offering unobstructed views of the Rocky Mountains to the west. The site is also within a short distance to the Central Business District and Lower Downtown areas. Situated within a thriving urban hub, the development site offers convenient access to many nearby area amenities and outdoor activities, including the Cherry Creek Trail (located across the street from the site), and is within walking distance of Governor’s Park. In addition to an exceptional location, the twelve-storey multi-family development is expected to offer Denver’s expanding “metro renter” population the opportunity to access attainably priced housing options, extensive social amenities, and a tech-enabled lifestyle.
“We are confident that our latest offering in Denver will provide an attractive rental housing option in this market, stated Sami Mouaket, Director of U.S. Investments & Development, Greybrook Realty Partners. “Our unique rental options, coupled with premium amenities and curated social programming, not only offer an appealing value proposition to residents, but also highlight our ability to identify premier urban locations that would greatly benefit from the features and advantages that the Society Living platform offers. Denver is a perfect home for a Society Living community, with a rapidly growing population and strong and resilient job market, the development will be a welcome and desirable addition to the city.”
Greybrook and PMG’s other Society Living communities include Society Las Olas in Downtown Fort Lauderdale, Florida, Society Biscayne in Downtown Miami and Society Wynwood in Miami’s Wynwood Arts District.
Across our portfolio, we completed over 1,600 home closings last year both in Ontario and South Florida, with the momentum continuing into 2024 with over 1,700 homes set to occupy and close throughout the year. Whether it is a single-family…
Our 49-storey luxury condominium with developer partner PMG continues to garner interest from both local and international buyers eager to leverage its appealing hotel-condominium program, which commenced operation last summer. Since its late 2022 launch, the downtown Miami hotel and…
The townhome development has added 114 units to the highly sought-after community of Thornhill. The expanding suburb is in the rapidly growing City of Vaughan which welcomed the largest number of new residents in the York Region during the most…
Complete with popcorn and concessional snacks, this year’s internal event was an opportunity for the Greybrook team to reflect on the achievements and milestones we have accomplished together while looking forward to the year ahead and beyond.Over the past year,…
With the construction of all homes in our Kingsview Ridge community complete, home occupancies continue as we welcome the remaining homeowners to their new homes in this low-rise community. Developed in partnership with Treasure Hill, Kingsview Ridge has brought 305…
In celebration of International Women’s Day 2024, Greybrook hosted a virtual fireside conversation on Thursday, March 7th joined by guest speaker, Manica Blain who shared her career and entrepreneurial journey—and how the power of having a clear vision and forging…
We are committed to enhancing our corporate capabilities to support the success of our growing portfolio of investments and to deliver an exceptional experience for our growing base of individual and institutional clients. In line with this commitment, we’re pleased…
With construction of our Colgan Crossing community progressing rapidly over the past year, we were very pleased to begin home occupancies and welcome the first homeowners to their new homes in this brand-new community in late 2023. Our 191-acre master-planned…
In a groundbreaking announcement last month, it was revealed that Amazon MGM Studios will assume the exclusive lease for Pinewood Toronto Studios situated in the heart of the city. This multi-year commitment grants Amazon MGM Studios control over five expansive…
We invite you to watch a video walkthrough of our Lindsay Heights project, with developer partner Tribute Communities. Take a stroll through our meticulously designed 36′ and 20′ homes and catch a glimpse into the distinctive features and contemporary charm…
