Denver multifamily developers have faced steep competition in recent years as they have slogged through one of the most active construction pipelines in the country. But with an on-site speakeasy and a focus on creating an environment that extends far beyond a single unit, one of the newest additions to the city is already setting itself apart.
A joint venture between Mortenson and Pinnacle Partners last year launched the Revival on Platte, a 200-unit apartment development that required lining up a multitude of variables in order to make it to the finish line. Through a handful of public-private partnerships, funding sources, location in a designated "opportunity zone" and broader goal of becoming a catalyst for widespread urban development, the project at 2506 W. Colfax Ave. was able to jump over myriad hurdles, ultimately setting the scene for what the developers and local officials are hoping will result in long-term economic impacts.
And the property's roster of unique amenities doesn't hurt either.
All of that helped Revival on Platte earn a 2026 CoStar Impact Award for multifamily development of the year for Denver, as judged by real estate professionals familiar with the market.
With an address in Denver's Sun Valley neighborhood, the project is located in an area that has undergone a complete transformation as municipal boards and council members have prioritized development and investments that, until now, have largely focused on providing more affordable or mixed-income housing options.
The arrival of the West Colfax project marks the first luxury property in the region, a role it is trying to live up to with features that include an indoor-outdoor skydeck with sweeping city views, curated artwork throughout and a car-sharing network of electric vehicles to make it easier for tenants to ditch their own cars.
"This is definitely one of the up-and-coming areas where you just see more development happening around, so that's exciting," Samantha Chacon, an assistant community manager with Greystar, which oversees the property's day-to-day operations, previously said of the project's debut. "We're on the forefront."
About the project: With a mix of unit styles and public spaces, Revival on Platte is aiming to cater to Denver's widening base of renters who are prioritizing properties with easy access to transit routes; a dense, urban-like environment; and of course, all the perks. The project's design was focused on factors such as sustainability, walkability, neighborhood safety and the creation of common spaces to help elevate the surrounding neighborhood.
What the judges said: Revival on Platte "reflects the next generation, or the current climate, of urban development, where wellness-driven design, abundant natural light, and high-quality lifestyle amenities directly support resident health, productivity and long-term tenant demand," said CoStar Impact Awards judge Lance Somerville, a broker associate with Real. "The project's deep commitment to sustainability positions the asset to remain competitive, resilient and aligned with evolving environmental standards for decades."
They made it happen: The complex was developed through a joint venture between Seattle-based Pinnacle and a Mortenson team that included Taber Sweet, Tim Clement, Jon Bonkoski and Kim Petit. BluVera, Kephart, Matrix and Studio BV helped oversee the project's design, while Fortis Structural and Martin/Martin Consulting Engineers helped with its construction.
CoStar Market Manager Kathryn Binns contributed to this report.