DENVER, CO - Lincoln Property Company, alongside partner Cadillac Fairview, closed on the purchase of The Pullman. The 13-story boutique residential and retail community is located at 1959 Wewatta St. in Denver’s Union Station neighborhood.
The purchase of The Pullman is the second existing asset acquisition from the $800M and growing U.S. multifamily fund co-sponsored by Lincoln Property Company Residential and Cadillac Fairview.
The Pullman, whose name was inspired by the Pullman train car, sits alongside Denver’s Union Station, highlighting its transit-oriented location. The luxury building is only a three-minute walk to Whole Foods and King Soopers and provides immediate access to coffee shops, restaurants, nightlife, parks, trails, Coors Field, and major employers.
“The Pullman’s location is perfect, everything residents need is within a couple of blocks,” said Jeff Courtwright, Lincoln Property Company’s EVP for the Southwest region. “The Denver market has seen substantial rent growth as people continue to move to Colorado from out of state. We look forward to adding The Pullman to the Lincoln portfolio.”
Built in 2020, The Pullman is 168 units and a mix of one-, two-, and three-bedroom residences, in addition to two-story penthouses. Units range from 819 to 3,784 square feet. The property also includes 2,895 square feet of ground-floor retail space, plus above- and below-ground structured parking.
The rooftop features a heated pool and spa with towel service, with views directly into Coors Field to watch a Rockies game, alongside a massive outdoor kitchen and dining lounge. Other community amenities include a fitness center with Pelotons and yoga studio, billiards lounge with wet bar, pet spa, private clubroom, coffee and herbal tea bar, refrigerated and non-refrigerated package lockers, tech lounge, concierge services, as well as a reservable guest suite, board room and personal office space.
Residence interiors include high-end finishes such as KitchenAid gas cooktops with griddles, custom wood cabinetry, quartz countertops, herringbone tile backsplash, beverage bars complete with wine fridges, built-in wall ovens, powder room bathrooms, laundry rooms with cabinet storage, frameless shower enclosures, and tech features such as Lutron lighting control and USB electric outlets.