PHILL FOSTER AND COMPANY

A Southern California-based real estate firm recently broke ground on Venue on 16th, a 180-unit apartment community in City Park.

The Picerne Group, a privately held firm, with a regional office in Denver, is the developer of the community at 2900 E. 16th Ave.

The community is expected to be ready for leasing in late 2015.

 “This is truly an infill project in the historical and iconic City Park neighborhood, which is experiencing a lot of growth and redevelopment,” said Christopher Davis, managing director of the Picerne Group.

“A block from the park and dining and entertainment on Colfax Avenue, this prime location offers an array of amenities and will cater to a wide demographic,” David continued

“Even though this project is close to employment in downtown and Cherry Creek, this new community will offer residents a desirable neighborhood lifestyle, he said.

The 155,000-square-foot five-story apartment building, designed by Denver-based JG Johnson Architects.

It will include 14 studios, 99 one-bedrooms, 63 two-bedrooms and four three-bedrooms, wrapped around a 243-space garage on the first level and a podium courtyard and pool on the second level.

Contemporary interiors will include gourmet kitchens with stainless steel appliances, granite countertops, European-style cabinetry, wood plank-style flooring, oversized bathtubs and mudrooms with ample storage and bike racks.

Residents will have access to a resort-style pool and spa with cabanas and barbecues, a top-floor sky lounge with views of the mountains and City Park, a state-of-the-art gym and yoga studio, a pet-washing station, bocce ball court, bicycle storage and maintenance room as well as car charging stations.

Golden-based CFC Construction is the general contractor.

The community will generate 220 local jobs, $142 million in local income and $1.4 million in taxes and other revenues, based on a a National Association of Home Builders’ formula on the impact of multifamily housing construction.

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