{"id":1004104915,"date":"2014-10-02T10:16:08","date_gmt":"2014-10-02T18:16:08","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=296225"},"modified":"2022-12-08T16:23:21","modified_gmt":"2022-12-09T00:23:21","slug":"venue-on-16th-apartment-community-breaks-ground-in-denvers-city-park-neighborhood","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/venue-on-16th-apartment-community-breaks-ground-in-denvers-city-park-neighborhood\/","title":{"rendered":"Venue on 16th Apartment Community Breaks Ground in Denver\u2019s City Park Neighborhood"},"content":{"rendered":"<p><em>By Ioana Neamt, Associate Editor<\/em><\/p>\n<div id=\"attachment_296226\" class=\"wp-caption alignleft\" style=\"width: 160px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Denver-2.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"size-thumbnail wp-image-296226\" title=\"Venue on 16th \" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Denver-2.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Venue on 16th<\/p>\n<\/div>\n<p>The Picerne Group, a privately held real estate investment firm based in California recently announced it has broken ground on Venue on 16<sup>th<\/sup>, a 180-unit apartment community in Denver\u2019s historic City Park neighborhood. The group purchased the site back in 2013 and plans to develop a luxury five-story apartment rental community on 1.73 acres. City officials attended the groundbreaking ceremony on September 24, among them Denver City Councilman Albus Brooks.<\/p>\n<p>\u201cThis is truly an infill project in the historical and iconic City Park neighborhood, which is experiencing a lot of growth and redevelopment,\u201d says Christopher Davis, the Picerne Group\u2019s managing director. \u201cA 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.\u201d<\/p>\n<p>Conveniently located in the city\u2019s largest urban park,<\/p>\n<div id=\"attachment_296227\" class=\"wp-caption alignright\" style=\"width: 160px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Denver.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"size-thumbnail wp-image-296227\" title=\"Venue on 16th\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Denver.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Venue on 16th<\/p>\n<\/div>\n<p>Venue on 16<sup>th<\/sup> is designed by Denver-based JG Johnson Architects and is slated for completion in late 2015. According to a news release, the 155,000-square-foot, five-story apartment community will feature 14 studio apartments, 99 one-bedrooms, 63 two-bedrooms and 4 three-bedroom units, as well as 243 parking spaces on the first level. Venue on 16<sup>th<\/sup> will also feature a podium courtyard and pool on the second level.<\/p>\n<p>The $26.4 million multifamily development will feature modern kitchens equipped with stainless steel appliances, granite countertops, wood plank-style flooring, European-style cabinets, and oversized bathtubs. Additional amenities include a resort-style pool and spa, state-of-the-art gym and yoga studio, pet-washing station, bocce ball court, maintenance room, bicycle storage and car charging stations.<\/p>\n<p>Colorado-based CFC Construction is the general contractor for the development located in east-central Denver. The 330-acre City Park contains the Denver Zoo, Ferril and Duck Lakes, as well as the Denver Museum of Nature and Science. Residents of Venue on 16<sup>th<\/sup> will have access to exquisite views of the park and the Rocky Mountains from the top floor sky lounge.<\/p>\n<p><em>Renderings courtesy of The Picerne Group<\/em><\/p>\n<p><em>Click <a href=\"https:\/\/www.commercialsearch.com\/news\/researchcenter\/market-snapshot-economic-upswing-light-rail-expansion-paving-way-for-investors-in-denver\/1004095378.html\">here<\/a> for more market data on Denver<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Picerne Group, a privately held real estate investment firm based in California recently announced it has broken ground on Venue on 16th, a 180-unit apartment community in Denver&rsquo;s historic City Park neighborhood.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21742],"tags":[],"class_list":["post-1004104915","post","type-post","status-publish","format-standard","hentry","category-denver","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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