Mill Creek Gets to Work on Denver Townhomes
The property will feature 162 units.
Mill Creek Residential has broken ground on Amavi Thornton, a single-family, build-to-rent community in northern metro Denver. When it comes online in 2027, the property will feature 162 two-, three- and four-bedroom townhouses..
Amavi Thornton’s townhouses will feature nine-foot ceilings, oversized windows, quartz countertops, stainless steel appliances and separate dining areas. They will also have in-home washers and dryers, smart thermostats and double vanities in their bathrooms. The residences, which average 1,727 square feet, will include private attached garages.
Community amenities will include an outdoor resort-style pool, landscaped courtyards, surface parking and a 24-hour fitness studio with TRX System suspension training equipment. The property will also offer controlled-access guest technology and Quantum Fiber internet.
READ ALSO: 2026 Will Be a Test for SFR/BTR. Here’s Why.
Located at 1900 Eastlake Avenue, Amavi Thornton is about 15 miles north of downtown Denver. The transit-oriented is within walking distance of the Eastlake & 124th light rail station on the RTD N-Line, which connects to downtown Denver.
Amavi Thornton is Mill Creek’s first single-family BTR community in Colorado, and the company said in a statement that it is seeking sites for more such developments in the state. Mill Creek’s portfolio currently totals 153 communities, representing over 43,500 rental homes operating or under construction.
Earlier in January, Mill Creek Residential broke ground on Amavi Northwest Austin, a single-family BTR community in the northwest Austin/Round Rock metro area. The community features 144 three- and four-bedroom townhouses, and is near Apple Park, Austin’s new 133-acre Apple campus.
Denver’s sluggish BTR market
Occupancy in greater Denver’s BTR market was roughly flat in November 2025 compared with a year earlier, according to Yardi Matrix data. That is about the same as the national BTR market, which managed only to eke out a gain of 0.1 percent year-over-year.
Rents for Denver BTR responded to market conditions in 2025 by contracting a little more than 1 percent over the year.
Even so, Yardi Matrix notes that many would-be homebuyers will remain on the sidelines, making them candidates to enter or stay in BTR properties. While mortgage rates may edge slightly lower, they are likely to remain near current levels, discouraging some potential buyers, Yardi Matrix predicts. At the same time, single-family rental owners are willing to moderate rent growth to maintain occupancy, especially in high-supply markets.
