High Street Residential and PGIM Announce Multifamily Project in Denver’s Central Park Neighborhood
September 1, 2021
Central Park Station is a Prime Transit-Oriented Development with Phase 1 Featuring Over 300 Units with Expansive Indoor and Outdoor Amenities and ParkingHigh Street Residential, the multifamily subsidiary of Trammell Crow Company, in partnership with PGIM, the asset management arm of Prudential Financial, has purchased land for the development of Central Park Station Residences. The first phase of the development is a 301-unit, Class A, four-story wood-frame apartment project on three acres of land over two levels of structured parking. This marks the first ground-up development for High Street Residential in the Colorado market, and will be a noteworthy addition to one of Denver’s most successful master-planned communities, Central Park (formerly Stapleton). Construction is scheduled to commence immediately.
We are thrilled to kick off our High Street Residential brand in Colorado with Central Park Station,” said Erik Hagevik, Senior Vice President of Trammell Crow Company’s Denver Business Unit. “The project’s location is just south of Interstate 70 along Central Park Boulevard, and adjacent to the Central Park Light Rail Station. Central Park Station is close to Downtown Denver, the Airport, and nearby medical communities such as Fitzsimons, University of Colorado Hospital, Children’s Hospital and the VA Medical Center, making this a prime multifamily development area.
The surrounding walkable community also features dozens of shops, grocery stores, breweries, coffee shops, restaurants, and retail.
Phase 1 of Central Park Station Residences promises sweeping views of the Rocky Mountains and Downtown Denver from its outdoor courtyards, which feature outdoor active areas with a pool, grills, cabanas and bocce, as well as indoor amenities including a clubhouse, fitness center, co-working areas, and a bike/ski repair room with bike storage. The project is also designed with sustainable components and will seek national LEED Silver certification.
The Central Park Station project was designed by KTGY Architects and will be constructed by Martines Palmeiro Construction LLC (MPC).
About High Street ResidentialHigh Street Residential, a wholly owned operating subsidiary of Trammell Crow Company, specializes in the development of multifamily housing. We have a deep background in urban, infill mixed-use residential development, as well as the redevelopment or repurposing of existing facilities. In the last 15 years, the firm has completed over $1.8 billion in projects with a current pipeline of nearly 3,100 units.
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.