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.
To date, the Constantine Yorkville Run has helped raise $603,576 for more than 25 local charities. Greybrook is proud to have continued our support as a sponsoring partner and participant in this year’s run, with our own rising to the…
Miami’s vibrant Wynwood neighbourhood is a hub of art, culture, and innovation that continues to grow and evolve with new developments taking shape throughout the area, including our Society Wynwood development located in the heart of the neighbourhood on NW…
Construction has been progressing steadily at our Archetto Towns in Woodbridge. Since our last update, foundations for all 16 blocks have been poured and framing is well underway for many of the homes in the development. The windows and door…
As of the end of July, 51 out of 75 estate homes have closed, and all estates under construction have been bricked and drywalled and are advancing steadily toward completion with interior finishing. Final closings are set to continue throughout…
We look forward to taking part in the 4th Annual Velo Blu Pedal for Blu Genes event on September 15th in Niagara-on-the Lake, along with many of our colleagues and partners in the real estate development, finance, and professional services…
The marketing launch for Joya on the Queensway, our mid-rise residential development at 1045 The Queensway, has commenced with email and social media marketing campaigns to generate awareness about the project and invite purchasers and brokers to register. The 12-storey condominium in the…
As the City of Toronto grows, welcoming tens of thousands of new residents every year, new condominiums are being planned and constructed throughout the city that offer residents convenient access to area amenities and popular neighbourhoods that can be easily…
Vertical construction work continues at our Society Atlanta site, with steady progress resulting in the eighth-floor podium being topped off in May of this year, and concrete pours continuing up to the 15th floor and decking completed on the 16th…
The 74-unit townhome development located at Gordon Street and Scadding Avenue saw final home closings completed in Q1 of this year, with all new residents now in their homes in this beautiful waterside community. The remaining scope of work primarily…
In June, Greyspring Apartments announced the acquisition of two 14-storey concrete apartment buildings at 135 and 145-155 Rue Deguire in Montreal, Québec, representing a strategic expansion into the established borough of Saint Laurent located on the Island of Montreal. This…
