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Waldorf Astoria project, with $10M penthouses, to break ground next year

PMG scores $107.5 million construction loan for Waldorf Astoria Residences Denver Cherry Creek

 

PMG, a national developer behind a number of branded towers across South Florida, is heading to Denver for its latest project.

The Waldorf Astoria, recognized for its upscale hotels and resorts, is lending its name to a condominium project in Cherry Creek North that is expected to open in three years. The condos will reflect the Astoria’s reputation, with unit prices beginning at $2.3 million.

Thirty-seven luxury residences will be included in the project, ranging from 1,350 square feet to 4,320 square feet, according to a …

The project will bring 37 luxury residences to Cherry Creek North.

National developer PMG has secured $107.5 million in construction financing for Waldorf Astoria Residences Denver Cherry Creek, a boutique condominium project marking the debut of the storied Waldorf Astoria brand in Colorado. Financing was provided by Maxim Capital Group. The transaction was led by PMG’s Capital Markets team composed of Andrew Warman, Jonathan Blank, and Paton Marion in coordination with in-house counsel Lowell Plotkin, Lindsay Davis, and Scott Buscemi. Alexandra Lehson of Bilzin Sumberg served as PMG’s transactional counsel, and Brownstein Hyatt Farber Schreck served as land use counsel. MMPS (Mavrides, Moyal, Packman & Sadkin) served as Maxim’s transactional counsel. Dawn Raymond of Kentwood Real Estate is leading sales for this project, with limited inventory remaining.

🏢 The Waldorf Astoria is opening its first branded property in Colorado in Denver’s Cherry Creek neighborhood, featuring 37 luxury condos starting at $2.3 million. It’s set for completion in 2027. (Denver Post 🔑)

 

🛍️ Sephora, a cosmetics retailer, is closing its downtown location in the Denver Pavilions mall this Sunday, marking the latest national chain to leave the 16th Street Mall. (BusinessDen 🔑)

 

👏 Ed Dwight — a 91-year-old Denver legend, sculptor and one of the nation’s first Black astronauts — successfully repaired his vandalized “I Have a Dream” memorial in City Park after recovering stolen parts by coordinating with scrap dealers, which led to the vandals’ arrest. (Denver Post 🔑)

 

🏨 Bookings for Urban Cowboy Denver, a new 16-room boutique hotel in Denver’s Capitol Hill neighborhood, go live today, Alayna reports.

Property Markets Group (PMG) has secured $107.5 million in construction financing to build Waldorf Astoria Residences Denver Cherry Creek, a collection of 37 luxury condominium homes in Denver, Colo.

 

Maxim Capital Group provided the construction debt, while a PMG Capital Markets team of Andrew Warman, Jonathan Blank, and Paton Marion arranged

This week, developer Property Markets Group (PMG) landed a $107.5 million construction loan for the upcoming ultra-luxury condo project, Waldorf Astoria Residences Denver Cherry Creek.

 

The Shears Adkins Rockmore-designed project will feature 37 fully finished residences ranging from 1,350 to 4,320 square feet at completion. Located in Denver’s Cherry Creek North neighborhood, the project includes a signature restaurant, a rooftop resort-style pool, a wellness center with massage rooms, sauna, and steam rooms, and a Peacock Alley-inspired lounge. The development aims to deliver a timeless landmark offering world-class luxury.

 

Andrew Warman, Jonathan Blank, and Paton Marion led PMG’s Capital Markets Team in closing the deal.  Dawn Raymond of Kentwood Real Estate is leading sales for this project, with limited inventory remaining.

Developer Property Markets Group (PMG) landed a $107.5 million construction loan for the upcoming ultra-luxury condo project, Waldorf Astoria Residences Denver Cherry Creek.

 

Andrew Warman, Jonathan Blank, and Paton Marion led PMG’s Capital Markets Team in closing the deal. Dawn Raymond of Kentwood Real Estate is leading sales for this project, with limited inventory remaining.

 

Colorado’s first Waldorf Astoria‑branded property in Denver’s Cherry Creek North.

 

Waldorf Astoria Residences Denver Cherry Creek will be built at 185 N Steele St., this exceptional condominium will mark the debut of one of the world’s most iconic hospitality brands, Waldorf Astoria, in the Colorado market. Evoking the pioneering spirit and natural beauty of its captivating mountain backdrop, the boutique property’s 37 luxury residences will offer timeless elegance for every season, becoming a landmark in the charming locale of Cherry Creek North. The ground level will feature the legendary Waldorf Astoria Peacock Alley inspired lounge and a signature restaurant. Dawn Raymond of Kentwood Real Estate is leading sales for this project, which starts at $1.2 Million.