DENVER (Dec. 1, 2021) – A joint venture partnership of Summit Capital Venture Group and Rockefeller Group today announced the acquisition of the lot located at 1158 Delaware St. in Denver’s Golden Triangle Neighborhood. The partnership is planning to develop a 250-unit multifamily property with 2,000-square-feet of ground floor retail. The project is anticipated to break ground in April of 2022 with expected completion in early 2024.
The project will include amenities such as a 2,000-square-foot fitness center and pool lounge, and a 4,200-square-foot terrace with a pool and spa on the 5th floor. The 13th floor will be home to a 1,250-square-foot sky deck and an 850-square-foot sky lounge and co-working space.
“We’re pleased to join with Summit Capital Venture Group to bring an extraordinary lifestyle experience to such a great location,” said Jay Despard, senior managing director and head of Development for Rockefeller Group in the Rocky Mountain region. “This new community will be ideal for anyone who wants a walkable location close to so many of Denver’s fantastic cultural opportunities, and an amenity-rich home that lets them relax and recharge.”
Summit Capital Venture Group, a commercial real estate developer and investor based in Colorado and Utah, has a rapidly growing portfolio, including 466 units of multifamily property in various phases of development and 174 acquired units between Salt Lake City and Denver. Summit plans to continue to grow its portfolio in major markets across the western U.S.