DENVER – Denver Housing Authority’s $61 million Thrive affordable housing project, built by Pinkard Construction, has received a “Best of the Best” Community Impact of the Year award from the National Association of Industrial and Office Properties (NAIOP).
The 2023 NAIOP Colorado Community Impact of the Year awards highlight projects that have truly left a lasting mark on their communities. Thrive was competing against GreenHaus, another Denver Housing Authority (DHA) project, and The Bridge by Revive Church Colorado Development Advisors.
Thrive is a meticulously designed apartment complex that not only provides homes but fosters smaller communities within, complete with a terrace for play and tranquility. The 135-unit development was designed and built to be a community for families of all sizes, with three-bedroom townhomes and four- and five-bedroom units. In addition to its affordable housing component, 20% of Thrive’s units are market rate condominiums.
During the three-year design and construction process, Pinkard collaborated with Shopworks Architecture to provide comprehensive preconstruction services ending with a final GMP contract value that had a zero percent variance from the design development estimate. With this zero percent variance, DHA was able to incorporate add-alternates to enhance Thrive’s value to the tenants and DHA.
During construction, the Pinkard team had to “share” construction ingress and egress with another contractor constructing the neighboring GreenHaus project. Points of entry and exit to these sites were further congested due to Pinkard’s Sun Valley roads and infrastructure work. Despite these challenges, Pinkard completed the project on time and in budget. The final construction cost was $44,283,846.
Both Thrive and GreenHaus are located within the Sun Valley neighborhood, which is directly south of the Denver Broncos’ Empower Field at Mile High Stadium.
