Located just two blocks from the Louisiana/Pearl light rail station in Denver’s desirable Platt Park neighborhood, the 34,619-square-foot multifamily residential property offers 42-units with a focus on small unit sizes with lower monthly gross rents.
Tony Burke, Pinkard’s president, says the project is a natural fit for Pinkard’s teams and project partners at Confluent and Narrate as the collaborative development journey drew upon extensive experience in building multifamily projects across Colorado.
“Confluent Development and our project partners have done a tremendous job delivering new and innovative multifamily spaces to Denver, and we’re very excited to be a part of the Carraway project.” – Tony Burke, president of Pinkard Construction.
In December 2021, the project partners celebrated the groundbreaking and official start of construction.
“Thanks to the close collaboration with our project partners at Pinkard, Narrate, and OZ, we remained on track to deliver a complex, high-quality multifamily product within the budget that will offer a boutique and sophisticated residential opportunity in Platt Park at an attainable price point,” said Nick Kitaeff, senior development director at Confluent Development. “Carraway on Penn is primed to seamlessly integrate into this community, one of Denver’s most beloved neighborhoods.”
The property incorporates features that adapt to today’s changing workplace, such as shared workspaces and upscale finishes. It will appeal to those seeking an active yet simplistic lifestyle with convenient access to mass transit, parks and recreation, and nearby shopping and dining.
“Pinkard’s customer service and collaborative spirit are among the best in the industry. From groundbreaking to the grand opening, we are thankful to have Pinkard as a strong partner and celebrate their team for this notable milestone at Carraway on Penn,” said Dean Barber, executive vice president of development management at Confluent Development.
“Pinkard, Confluent, and the rest of the time did a great executing and delivering this project in an extremely challenging construction environment. We are excited to bring high-quality units to an extremely supply-constrained market,” said Adam Fenton of Narrate Companies.
To date, Pinkard has completed nearly 200 multi-family projects totaling $2.5 billion in construction.