DENVER—PM Realty Group says construction has begun on The Confluence, Denver's newest ultra-luxury multifamily high rise tower. Located at the confluence of the South Platte River and Cherry Creek, the for-rent multifamily high-rise is uniquely situated on a 1.21 acre site in the historical origin of the City of Denver.

“There is a growing demand for luxury multifamily living in urban areas throughout Denver,” said Bryant Nail, executive vice president of PM Realty Group (PMRG). “Access to the Riverfront Park area is in high demand due to its prime infill location. The high rise tower is located adjacent to the South Platte River and possesses views over Confluence and River Front Park.”

The 288-unit, 34-story residential building located at 2166 15th Street, is a joint venture between PMRG and National Real Estate Advisors. Named after its unique location at the confluence of the South Platte River and Cherry Creek, the building will feature studio, one, two, and three bedroom homes with pricing ranging from $1,500 to $12,000 per month.

“National seeks to develop and invest in transformative, modern assets in major U.S. urban markets,” said Jeff Kanne, president and CEO of National Real Estate Advisors. “The Confluence will increase economic and employment opportunities and we expect it to be a valuable investment benefitting our fund investors.”

The multifamily high-rise, designed by GDA Architects, will be the tallest building in Riverfront Park. The glass apartment tower will feature state-of-the-art amenities such as a large terrace with a saltwater infinity-edge pool, underwater sound system, heated Jacuzzi, outdoor cabanas and fire pit, Skyline Lounge with catering kitchen, all-inclusive fitness center with top of the line equipment, concierge, dog washing station and 24-hour coffee bar. Interior amenities include: floor to ceiling windows in select homes, hardwood floors, solar shades in every home, gourmet kitchens with granite countertops with full-height backsplashes and Frigidaire Professional Gallery/Electrolux appliances. Select homes, including all Penthouse residences, feature direct elevator access. The Penthouse residences come complete with an Icon appliance package and private terraces in excess of 800 SF. All homes have stunning views of downtown Denver and/or the Rocky Mountains. The ground floor is intergraded into Confluence Park with over 8,000 square feet of high-end ground floor retail and restaurant space with access to the trails along Cherry Creek and the South Platte River.

Headquartered in Houston, PM Realty Group (PMRG) is one of the nation's leading real estate companies focusing on comprehensive property services, development and acquisitions. National Real Estate Advisors has $2 billion+ in assets under management for pension plan sponsors, investing in major U.S. urban markets using a build-to-core strategy.

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Work Begins on Denver Res High Rise

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