DENVER, Colo. — Pinkard Construction, a leading builder of multi-family housing in Colorado, has completed the construction of Thrive. The community was developed by the Denver Housing Authority (DHA) and designed by Shopworks Architecture. It is located between I-25 and Federal Blvd on W. Holden Place in the heart of the Sun Valley neighborhood.
The 135-unit Thrive development, 54% of which are affordable to households earning below 60% of Denver’s Area Median Income, includes two-story townhomes and one- to five-bedroom multifamily units. It is constructed with a podium slab with two stories of structural concrete frame and fire-treated wood for levels three to seven. Amenities include a community kitchen, amenity deck, basketball court, game room, playground, classroom, and large lobby.
The project was financed with low-income housing tax credits, tax-exempt bonds, DHA funds, and a loan from the Colorado Housing and Finance Authority. The total development cost was approximately $44 million.
“We are proud to partner with Pinkard Construction and Shopworks Architecture on this important project that will provide safe and affordable homes for families and individuals in Denver,” said David Nisivoccia, Chief Executive Officer of DHA. “Thrive is an example of how we can leverage public-private partnerships and innovative financing to create more housing opportunities for our community.”
Nisivoccia says that those wishing to learn more about Thrive can visit thrivedenverliving.com.
Tony Burke, President of Pinkard Construction, said “Pinkard Construction has a long history of building affordable housing in Colorado, and we are committed to delivering high-quality projects that help fill the affordable housing shortage in Denver. Thrive is a beautiful addition to the neighborhood and a testament to the vision and collaboration of DHA and Shopworks Architecture.”
Shopworks Architecture, a Denver-based firm that specializes in affordable housing design, said that Thrive is designed to create a sense of community and connection among residents and with the surrounding area.
“Thrive will play a pivotal role in the redevelopment of this historic neighborhood and the families who live there,” said Kyle Mead, Project Manager for Shopworks Architecture. “Shopworks was honored to work with the dedicated, passionate, and talented team of Pinkard and their Trade Partners in order to deliver this notable project for DHA and the residents of Sun Valley.”
About Pinkard Construction
Pinkard Construction is a Colorado-based general contractor that has been building excellence since 1962. Pinkard Construction has extensive experience in multifamily and mixed-use construction, as well as senior living, affordable housing, education, healthcare, and municipal projects. Pinkard Construction’s core values are integrity, teamwork, excellence, and innovation. Pinkard Construction’s goal is to deliver exceptional results for its clients while building lasting relationships. For more information, visit www.pinkardbuilds.com
About Denver Housing Authority
Denver Housing Authority (DHA) is a quasi-municipal corporation with a portfolio of over 13,000 units and housing choice vouchers, providing affordable housing to more than 27,000 very low, low, and middle-income individuals. DHA’s mission is to serve the residents of Denver by developing, owning, and operating safe, decent, and affordable housing in a manner that promotes thriving communities. DHA has been creating vibrant communities and sustainable neighborhoods since 1938. For more information, visit www.denverhousing.org.
About Shopworks Architecture
Shopworks Architecture was formed in 2012. The primary focus of the firm is urban infill development with a particular interest in affordable housing, transit oriented, mixed use, and community driven projects. Shopworks exists to impact our community through collaborative design. for more information, visit https://shopworksarc.com/