Station at Riverfront Park

station-case-study-half-pageProperty Type:  Mid-rise urban multi-family

Size:  273 units podium construction over one level of underground parking

Location:   Downtown Denver, CO

Responsibility:  Third-party management for institutional investor with extensive capital improvements, value-add and construction defect mitigation

 

 

 

 

The Story:

  • Investor purchased in 2007, Corum immediately engaged to resolve $1.6 million in ADA deficiencies
  • 2009 discovered water infiltration issues resulting in bio-growth from construction defects on exterior flashing
  • Property wide problem resulting in excess of $10 million reconstruction process to remediate
  • Two and half year effort, phased in manner to minimize rent loss, occupancy never dropped below 93% of available units
  • Heavily involved in litigation, successfully resolved for client in early 2014
  • “Grand Re-Opening” took place in summer 2013 with Corum led $1.5 million pool and deck area upgrade

Station at Riverfront Park – Value Enhancement / Project Management  

Before

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Before

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After – Design Procurement

station-design-procurement

After

station-after-pool-2      station-after-pool-1

After

station-after-hot-tub station-after-fire-pit