BMO Bank originated a $48 million construction loan for this development.
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Greystar, alongside Ivanhoé Cambridge and the Public Sector Pension Investment Board, has opened The Dorsey, a 230-unit community in Denver.
The developer broke ground on the project in 2020, financing its construction with a $48 million loan originated by BMO Bank, Yardi Matrix data shows.
The 13-story community encompasses studio, one- and two-bedroom apartments ranging from 459 to 1,370 square feet. Units feature smart locks, stainless steel appliances, quartz countertops, roller shades and wood-style flooring.
Community amenities include coworking spaces with conference rooms, a lounge equipped with a pool table and various games, a sun deck with lounge chairs and fire pits, a gym, a bike storage, EV charging stations, as well as a ski and bike repair workshop.
Located at 600 Park Ave. W. in Denver’s Five Points district, The Dorsey is 1 mile north of U.S. Route 287 and 3 miles east of Interstate 25. Employers such as Presbyterian Saint Luke’s Medical Center and Denver Health are within a 2-mile radius, while Ball Denver and DISH Network are within a 10-mile radius.
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To learn more about The Dorsey, click here.
