Picerne Group Moves Dirt for Denver Multifamily Project

DENVER—The Picerne Group, a privately held real estate investment firm based in Southern California with a regional office in Denver, has broken ground at Venue on 16th, a 180-unit rental community on 1.73 acres in Denver’s City Park neighborhood. Construction is expected to be completed and the project ready for leasing by late 2015.

 Approximately 25 people, including Denver city councilman Albus Brooks, attended the groundbreaking ceremony late last month.

 “This is truly an infill project in the historical and iconic City Park neighborhood, which is experiencing a lot of growth and redevelopment,” said The Picerne Group’s managing director Christopher Davis. “A block from the park and dining and entertainment on Colfax Avenue, this prime location offers an array of amenities and will cater to a wide demographic. Even though this project is close to employment in downtown and Cherry Creek, this new community will offer residents a desirable neighborhood lifestyle.”