DENVER, Colo. (Jan. 4, 2023) – PCL Construction broke ground on Schnitzer West Living’s luxury residential community, the Avant, in the Denver Tech Center.
The Avant is situated on the corner of Greenwood Plaza Boulevard and East Caley Avenue. The property includes 337 highly curated for-rent residences, complete with modern amenities and a two-level indoor structured parking garage with a capacity for roughly 450 cars. Residents will enjoy commanding views of the surrounding mountains year-round from their homes and the property’s outdoor pool and hot tub. The property is Schnitzer West’s first multifamily residential building, bringing luxurious living experiences to Denver’s Tech Center.
“With close to 50 years of experience building in Denver, PCL is excited to bring Denver Tech Center’s first-ever luxury residential community to life over the next few years,” said Ryan Schmidt, Denver district manager for PCL Construction.
The Avant provides the ideal residence for arts and music lovers seeking living opportunities within a few minutes commute to the largest commercial office hub in the Denver metro. Residents will enjoy live performances from the property’s listening terrace, which faces nearby outdoor music venue Fiddler’s Green. The top floor offers premier amenities, including a music room with a grand piano available for residents and their guests. Residents can stroll through a nearby outdoor public sculpture park or enjoy a rotating selection of original artwork inside the building. The Avant is located within one of the state’s best school districts, affording families access to top-tier educational resources.
The community is the first development from Schnitzer West Living (SW Living), the company’s newly introduced multifamily platform. SW Living and Mitsui Fudosan America (MFA) are co-equity partners, and MFA will also provide construction financing for the project.
“The Avant is designed to provide an elevated and refined living experience. The community was meticulously detailed, and smart planning allowed us to create expansive mountain views for nearly all of the residences. It responds to its immediate context and local cultural amenities and will offer hospitality-like service,” said Brett Leonhardt, senior investment director at SW Living. “The property is a signal of what’s to come from SW Living and its partners through our new SW Living platform. We’re grateful for a successful partnership with both Mitsui Fudosan America and the Centennial community leaders that made this project possible. We look forward to working with other cities in the Denver and Seattle markets as we look to deliver best-in-class residential communities.”
JLL Capital Markets arranged the joint venture equity and construction financing led by Senior Managing Director Mark Katz, Senior Managing Director Leon McBroom, and Director Will Haass. The building is expected to come online in the spring of 2025.
About PCL Construction
PCL is a group of independent construction companies that carries out work across the United States, Canada, the Caribbean, and in Australia. These diverse operations in the civil infrastructure, heavy industrial, and buildings markets are supported by a strategic presence in more than 30 major centers. Together, these companies have an annual construction volume of more than $6 billion USD, making PCL one of the largest contracting organizations in North America. Watch us build at www.pcl.com.