95 S. PEARL STREET
Overview
Osage is currently in the pre-development phase to build a 43-unit boutique class A multifamily project in the West Wash Park neighborhood of Denver (the “Project”). Once fully entitled, we estimate a 2-year development and stabilization period, after which we plan to seek long-term financing for the balance of our longer term hold period.
Project Summary
The location of 95 S. Pearl St. is extremely unique, with substantial amenities in the immediate area. It’s located on the northwest corner of S. Pearl St. and E. Bayaud Ave. and is less than one block from a neighborhood retail corner featuring locally-owned shops and restaurants including Carmine’s on Penn, Spot Bar and Grill, Rise & Shine, Taki Sushi, Uncle Restaurant, Daily Grind Burger Bar and FitWall.
According to Walk Score, this site has an 87 walk score and a 95 Bike Score (defined as "Biker’s Paradise") and is less than one mile from Washington Park, two blocks from Alameda and is less than half a mile from the Lincoln and Broadway corridor.
The building is a podium design with a fully enclosed garage. The units are efficiently designed with the majority offering a private balcony. Building amenities include a third floor community terrace, free wifi, pet washing station, package delivery system, rentable storage lockers and bike storage. Overall, the Project provides its residents peaceful living without compromising a prime location creating tremendous value to an under served price point.
