DIRC Homes breaks ground on its first multifamily project in Capitol Hill

DIRC Homes broke ground this week as the general contractor, in partnership with KRMN Investments, LLC, and Pivotal Architecture PC, on Capitol Hill's newest multifamily project, Mullen Flats.

œWe are excited to work with new partners in the market for our first apartment project, said Jason Morris, DIRC Homes' Vice President of Construction. œMullen Flats is unique because we will be building around an existing mansion, which will give it a lot of character.

Mullen Flats is a three-story, 13-studio unit apartment building with modern amenities and a contemporary feel to be built in the Capitol Hill neighborhood of Denver. It will consist of three ground floor studios, four 2nd floor studios with private rooftop decks, three 3rd floor units, three mezzanine-level studios, and nine covered parking spaces which are accessed from the alley.

œThe KRMN Investments team is excited about partnering with DIRC Homes and Pivotal Architecture on a major infill project in Capitol Hill, said Ryan Neville.  œIt is a unique property with a unique design which we feel will add a lot of value to the neighborhood.

The project is anticipated to be complete and ready for tenants in Spring 2021.

About DIRC Homes: About the general contractor: Founded in 2012, DIRC Homes, LLC is a boutique builder focusing on urban infill and transit-oriented developments “ revitalizing Colorado's urban neighborhoods. Our homes and New Urbanist communities are a thoughtful collaboration with local architects to provide high-design, low-maintenance spaces to complement the Colorado lifestyle. 

About KRMN Investments, LLC: 

KRMN Investments, LLC is a full-service real estate investment and development firm located in Denver, CO.  Founded in 2009, the company has participated in more than 100 real estate transactions resulting in year-over-year double-digit returns to its shareholders. In its early years, the firm focused on distressed single and multifamily assets in central Denver.  With a lot of foresight, hard work, and favorable market conditions, the company has evolved into one of the most formidable value-add real estate companies in the greater Denver area. Today, the firm manages a sizeable apartment portfolio and enjoys a strong reputation in the brokerage and banking communities as a firm that gets deals across the finish line. The Company has always and will remain committed to its long-term approach - divesting of its assets only when there is an opportunity to create additional shareholder value.

About Pivotal Architecture PC: 

Pivotal Architecture is a full-service architecture and planning firm.  Founded in 2014, Pivotal's philosophy is œGreat design is rooted in balance; the balance between Logic and Beauty, Inspiration and Reality, Aesthetic and Constructability. Our dynamic team of architects and designers possess a strong background in all types of residential and commercial architecture with specialization in mixed-use and multi-unit residential. Past work includes over ten thousand residential units and more than two million square feet of commercial space. 

Source:https://www.webwire.com/ViewPressRel.asp?aId=259596

Tags: