A prefab multifamily housing project will deliver 200 new apartments near downtown Denver

In Denver, Mortenson, a Colorado-based builder, developer, and engineering services provider, along with joint venture partner Pinnacle Partners, has broken ground on Revival on Platte, a multifamily housing project.

The 234,156-sf development will feature 200 studio, one-bedroom, and two-bedroom apartments on eight floors, with two levels of parking. Resident amenities include an on-site gym, an outdoor flex space facing the river, and a business center with conference rooms and individual workstations. A rooftop deck offers city and mountain views and faces Empower Field at Mile High, home to the Denver Broncos.

The development is located near downtown Denver and public transit systems. Residents also will have access to eight electric cars dedicated to the community and available via a third-party app.

The project aims to showcase Mortenson’s vertical integration capabilities, as the firm will develop, design, fabricate, and build the community. The structure will be built with Mortenson’s cold-formed metal stud, steel-framed structural system, with prefabricated interior and exterior walls.

To construct Revival on Platte, Mortenson will leverage BLUvera, the firm’s manufacturing and fabrication affiliate. BLUvera will prefabricate the walls and exterior panels off-site in a controlled setting, including rough-in of plumbing and HVAC. These components will be trucked in and put into place with cranes.

Mortenson says its highly detailed computer model will help streamline the project delivery process. With exact dimensions, including punch-outs for all penetrations, the model can be sent directly to Mortenson’s manufacturing facility for prefabrication. This will help deliver significant improvements in job site safety, project schedule, quality control, and reduction in construction waste, Mortenson says.

To further mitigate supply chain risks, Mortenson is also using BLU54 to directly procure items including windows, balconies, stairs, lighting, flooring, and railings. All interior finishes and system components have been selected to optimize project delivery and create synergies with Mortenson’s prefabrication capabilities. The firm says the result will be greater certainty in the project process.

Revival on Platte is scheduled for completion in 2024.

On the Building Team:
Developer and contractor: Mortenson
Joint venture partner: Pinnacle Partners
Design architect and architect of record: KEPHART
Consultant architect and MEP engineer: Base4
Civil and landscape: Matrix Design Group
Structural engineers: Fortis Structural, LLC and Martin/Martin

Across the country, multifamily rents have skyrocketed. Year-over-year rents are up by double digits in nine of the top 30 markets, while national YoY rent growth is up 6.3%. Emerging from the pandemic, a perfect storm of migration, enhanced government stimulus and a hot housing market, among other factors, has enabled this extremely strong growth.