DENVER—The Picerne Group, a privately held realestate investment firm based in Southern California with a regionaloffice in Denver, has broken ground at Venue on16th, a 180-unit rental community on 1.73 acres inDenver's City Park neighborhood. Construction isexpected to be completed and the project ready for leasing bylate 2015.

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Approximately 25 people, including Denver city councilmanAlbus Brooks, attended the groundbreaking ceremonylate last month.

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“This is truly an infill project in the historical andiconic City Park neighborhood, which is experiencing a lot ofgrowth and redevelopment,” said The Picerne Group's managingdirector Christopher Davis. “A block from the parkand dining and entertainment on Colfax Avenue, this prime locationoffers an array of amenities and will cater to a wide demographic.Even though this project is close to employment in downtown andCherry Creek, this new community will offerresidents a desirable neighborhood lifestyle.”

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The 155,000-square-foot five-story apartment building,designed by Denver-based JG Johnson Architects,will include 14 studios, 99 one-bedrooms, 63 two-bedrooms and fourthree-bedrooms, wrapped around a 243-space garage on the firstlevel and a podium courtyard and pool on the second level.Interiors will be contemporary in design with gourmet kitchensincluding stainless steel appliances, granite countertops,European-style cabinetry, wood plank-style flooring, oversizedbathtubs and mudrooms with ample storage and bike racks. Residentswill have access to a resort-style pool and spa with cabanas andbarbecues, a top-floor sky lounge with views of the mountains andCity Park, a state-of-the-art gym and yoga studio, a pet-washingstation, bocce ball court, bicycle storage and maintenance room aswell as car charging stations.

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CFC Construction, an industry-leadingconstruction company based in Golden, Colorado, is the generalcontractor.

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The Picerne Group is a privately-held, Southern California-basedreal estate investment firm that focuses on real estate investmentsnationwide, as well as best-in-class asset management.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.