The Opus Group (Opus) has started construction of a 253-unit multifamily development in Denver Tech Center. Located at 4600 South Syracuse Street, the site has operated as a surface parking lot adjacent to a 14-story office building. The new multifamily development is a joint venture among Opus,
Principal Asset ManagementSM and
Miller Properties Group.
“Denver Tech Center is an attractive location for Denver residents looking for walkability, access to restaurants and entertainment, and proximity to key employers," said Eric Chamberlin, director of real estate development at Opus. “This new luxury apartment development will help meet the demand for housing in this fast-growing area."
Denver Tech Center is 12 miles south of downtown Denver and is a hub for businesses, hotels and restaurants. The project is located less than a mile from the Belleview RTD light rail station and the I-25/ I-225 interchange, providing excellent access throughout the Denver metro area.
The seven-story apartment building will offer studios, one-bedroom, two-bedroom and three-bedroom apartments. Residents will have access to a full set of amenities, including work-from-home space; a fitness center and yoga studio; a pool and outdoor area; a club room with a kitchen, private dining and lounge area; a game room; a speakeasy/library; a dog park; and landscaped pond area. The units will feature balconies, quartz countertops, wood-style flooring, controlled access and digital guest entry, smart home features, tile bathroom shower surrounds, front-loading washers and dryers, premium plumbing fixtures and walk-in closets. Parking will include a combination of surface, garage and 58 EV charging stalls.
Opus has underway and recently completed two other multifamily developments in Denver. Kalaco Apartments, a 280-unit project in the Lincoln Park neighborhood, is scheduled to deliver in May 2024; and the recently completed 19Nineteen Mile High Apartments, a 277-unit building near Empower Field at Mile High.
The Denver Tech Center project is scheduled for completion in November 2025. Opus is the developer, design-builder, interior designer and architect, and structural engineer of record.
Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $506.9 billion in assets1 and recognized as a Top 10 “Best Places to Work in Money Management2" for 11 consecutive years. Learn more at www.PrincipalAM.com.
[1] As of September 30, 2023
[2] Pensions & Investments, “The Best Places to Work in Money Management", among companies with 1,000 or more employees, December 2022.
“Denver Tech Center is an attractive location for Denver residents looking for walkability, access to restaurants and entertainment, and proximity to key employers," said Eric Chamberlin, director of real estate development at Opus. “This new luxury apartment development will help meet the demand for housing in this fast-growing area."
Denver Tech Center is 12 miles south of downtown Denver and is a hub for businesses, hotels and restaurants. The project is located less than a mile from the Belleview RTD light rail station and the I-25/ I-225 interchange, providing excellent access throughout the Denver metro area.
The seven-story apartment building will offer studios, one-bedroom, two-bedroom and three-bedroom apartments. Residents will have access to a full set of amenities, including work-from-home space; a fitness center and yoga studio; a pool and outdoor area; a club room with a kitchen, private dining and lounge area; a game room; a speakeasy/library; a dog park; and landscaped pond area. The units will feature balconies, quartz countertops, wood-style flooring, controlled access and digital guest entry, smart home features, tile bathroom shower surrounds, front-loading washers and dryers, premium plumbing fixtures and walk-in closets. Parking will include a combination of surface, garage and 58 EV charging stalls.
Opus has underway and recently completed two other multifamily developments in Denver. Kalaco Apartments, a 280-unit project in the Lincoln Park neighborhood, is scheduled to deliver in May 2024; and the recently completed 19Nineteen Mile High Apartments, a 277-unit building near Empower Field at Mile High.
The Denver Tech Center project is scheduled for completion in November 2025. Opus is the developer, design-builder, interior designer and architect, and structural engineer of record.
About The Opus Group:
The Opus Group® is a family of commercial real estate development, construction and design companies headquartered in Minneapolis with offices and projects across the country. Opus operates as an integrated, multidisciplinary team with expertise in development, capital markets and finance; project management and construction; architecture, engineering and interior design. The Opus Group includes Opus Holding, L.L.C. and its operating subsidiaries: Opus Development Company, L.L.C., Opus Design Build, L.L.C. and Opus AE Group, L.L.C. Specializing in industrial, office, residential, retail and institutional projects, The Opus Group has broad capabilities, deep experience and a proven design-build model that delivers solutions for customers on time and on budget. For more information, visit www.opus-group.com and follow The Opus Group on LinkedIn and Instagram.About Principal Asset ManagementSM
With public and private market capabilities across all asset classes, Principal Asset ManagementSM and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for its clients. Its dedicated real estate investment team manages or sub-advises $95.5 billion in commercial real estate assets.1 The firm's real estate capabilities include both public and private equity and debt investment alternatives.Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $506.9 billion in assets1 and recognized as a Top 10 “Best Places to Work in Money Management2" for 11 consecutive years. Learn more at www.PrincipalAM.com.
[1] As of September 30, 2023
[2] Pensions & Investments, “The Best Places to Work in Money Management", among companies with 1,000 or more employees, December 2022.