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Opus Is Ahead of Schedule on $55M Pinnacle Tower

DENVER-The local office of Minneapolis-based Opus Group plans to begin marketing the 22-story, $55-million tower of the $160-million Pinnacle at City Park South. Construction on the project will then begin in fall, three months ahead of schedule.

By John Rebchook | Updated on February 20, 2006

(To read more on the multifamily market, click here.)

DENVER-Opus Northwest, which for years has been one of the biggest developers in Denver and the regional office for the Minneapolis-based Opus Group, plans to start marketing a 22-story, $55-million second phase of the $160-million Pinnacle at City Park South in May.

Opus and development partner Boulder-based Income Property Specialists will then kick off construction of the second tower this fall, about three months ahead of schedule. The development is the anchor for the redevelopment of the former Mercy Hospital site between 16th and 17th avenues and St. Paul and Fillmore streets.

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