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Rifkin Brothers Unveil $60M Monroe Pointe

DENVER-The Rifkin brothers plan to develop a 75-unit condo tower about a half-mile from the Cherry Creek shopping center in an area known as the Alameda Triangle. With unyielding confidence in the development, the Rifkins are beginning construction of Monroe Pointe with no pre-sales under their belts.

By John Rebchook | Updated on February 24, 2006

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

DENVER-The Rifkin family, which is best known as having built a fortune in the cable TV business, has quietly shifted their effort to real estate development in recent years. Monroe Rifkin was a cable TV pioneer who founded American Television & Communications in 1972, which grew into one of the nation’s largest cable TV companies before selling it to Time Inc. in 1978. He stayed on as CEO for several years, but completely left the cable TV business five years ago.

Since then, his sons Bruce and Stuart, have been silent partners on developments. They worked with the well-known Gart family in Denver on the WaterTower lofts near Coors Field and are in the process of converting a ski-in, ski-out hotel at the base of Crested Butte Mountain into condominiums. They also developed a townhome development near the Country Club neighborhood in Kansas City, MO, with Denver developer Don MacKenzie.

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