Greystar JV to Bring 288 Units to Denver Suburb
The community, slated for delivery in 2023, marks the partnership's fifth development.
A partnership between Greystar and CP Capital—formerly HQ Real Estate—has announced Brighton Park, a 288-unit garden-style multifamily project in the Denver suburb of Brighton, Colo. Construction is set to kick off later this year, with completion slated for the first half of 2023.
Plans for the 13-acre development site call for a three-story, garden-style community. Amenities will include a gym, swimming pool, dog park, coworking area and individual garages.
Located at the intersection of Longs Peak Street and North 42nd Avenue, the upcoming community is within 2 miles of several elementary schools and parks and 4 miles from Prairie Center, the largest shopping mall in the area. Downtown Denver is roughly 26 miles to the south via Interstate 76.
The partnership is capitalizing on Denver’s residential demand created by high population growth, Co-head of CP Capital Paul Doocy said in prepared remarks.
The companies joined forces on four other projects in the past, most recently on The Gabriel, a 312-unit multifamily development in North Pomona, Calif., which is slated for completion next year.
This month, CP Capital also completed the disposition of 225 North Calvert, a 347-unit community in downtown Baltimore.