DENVER – A joint venture between McWhinney and PGIM Real Estate will lay the foundation stone this month on FoundryLine, an apartment community in Denver. The completion of the 17-story project is planned for mid-2023.
FoundryLine is located in the Denver River North Arts District and will have 348 apartments ranging from studio units to three bedroom floor plans to top floor penthouses. 30 units are designated as accessible housing for qualified residents who meet the Denver City income requirements.
The walk-through property is adjacent to the Regional Transportation District’s 38th and Blake A-Line transit stations and will also feature a rooftop pool. a curated art collection; Sky Terrace Lounge with kitchen and indoor / outdoor fireplace; a fitness center with infrared sauna and steam bath; Coworking and indoor / outdoor lounge areas; a dog run; On-site parking; fobbed access control; and Wi-Fi in public areas.
FoundryLine will also offer 14,000 square meters of retail and restaurant space on the ground floor, as well as a multi-storey car park with 282 parking spaces.
The project team consists of Hensel Phelps as general contractor, AvroKO, Craine Architecture, the Dig Studio Office of Architecture and Denver-based Group 14 Engineering.
Brady O’Donnell and Jimm Haug from CBRE Capital Markets’ Debt & Structured Finance secured construction finance for the project on behalf of the joint venture.