Multifamily Development of the Year in Denver
By Katie Burke
Few developers were willing to bet on a dilapidated stretch of sites on the southern end of downtown Denver, but within a matter of years, one firm's gamble has helped reset the stage for the city's luxury multifamily market.
Since finishing construction on the high-end Citizen West 10 complex at 140 West 10th Ave., local development firm Quarterra's project is already more than 80% leased thanks to rising demand and Denver's increasingly affluent pool of renters. What's more, the 393-unit project has helped transform the city's Golden Triangle neighborhood from an economically obsolete wasteland into a place worthy of future investments, earning it a 2023 CoStar Impact Award, as judged by real estate professionals familiar with the market.