K&P Kestrel & Pike
A completed five-story Kestrel & Pike brick-and-glass mixed-use building on a sunny Denver street corner, with a busy ground-floor cafe and the Front Range in the distance.

Denver, Colorado · Since 2011

Buildings that make the block better.

Mixed-use development across Denver since 2011. 1.2 million sq ft delivered.

See our projects

1.2M

Sq ft delivered

838

Homes delivered

$310M

Capital raised

2.3x

Realized equity multiple

Projects

Six buildings. Six Denver neighborhoods.

Every project is mid-rise, mixed-use and brick-and-glass — five completed, one rising at Sloan’s Lake. Open any project to scrub its full construction timeline, from land acquisition to ribbon cutting.

Arapahoe Crossing, a five-story rust brick and glass building on a dense downtown Denver corner with glassy street-level retail, street trees and taller towers behind Completed

Downtown Denver

Arapahoe Crossing

Our first ground-up project: 84 apartments over 27,000 sq ft of street-level retail, two blocks from Union Station.

Units
84
Total sq ft
105,000
Stories
5

Delivered March 2013 · 1455 Arapahoe Street, Denver, CO 80202

The Mercantile at RiNo, a six-story rust brick and glass building with a glass-walled ground-floor food hall and a colorful mural on the adjacent wall Completed

River North Art District

The Mercantile at RiNo

214 apartments and 62,000 sq ft of retail anchored by a 12-bay food hall, delivered on Larimer Street at the heart of RiNo.

Units
214
Total sq ft
310,000
Stories
6

Delivered June 2016 · 3001 Larimer Street, Denver, CO 80205

Alta Alameda, a four-story rust brick and glass building on busy South Broadway with a ground-floor grocery, produce visible through the windows and cars on the street Completed

Baker

Alta Alameda

168 apartments and a South Broadway grocery anchor, built with 14% permanently affordable units under Denver's inclusionary policy.

Units
168
Total sq ft
245,000
Stories
4

Delivered September 2018 · 1120 South Broadway, Denver, CO 80223

Chestnut Row, a five-story rust brick and glass building with corner shops, stoop-style townhouse entries along the side street and the downtown Denver skyline in the distance Completed

Highland

Chestnut Row

192 homes over 44,000 sq ft of shops, delivered eight weeks into the pandemic and leased to 92% within its first year.

Units
192
Total sq ft
280,000
Stories
5

Delivered May 2020 · 1701 Chestnut Place, Denver, CO 80211

The Kestrel on Colfax, a six-story rust brick and glass building seen across its corner on a wide avenue, with a restaurant patio under umbrellas at street level Completed

Capitol Hill

The Kestrel on Colfax

180 apartments and a corner restaurant with patio on East Colfax, delivered October 2023 and 95% occupied today.

Units
180
Total sq ft
265,000
Stories
6

Delivered October 2023 · 2850 East Colfax Avenue, Denver, CO 80206

Sloan's Corner under construction facing a green lakeside park, its five-story concrete frame topped out with brick on the lower floors, a tower crane, scaffolding and construction fencing Under construction · 64%

West Highland

Sloan's Corner

158 apartments and 34,000 sq ft of shops facing Sloan's Lake park — 64% complete, opening April 2027.

Units
158
Total sq ft
220,000
Stories
5

Under construction — expected April 2027 · 3255 West 38th Avenue, Denver, CO 80211

See all projects

Our approach

One building type, done properly, fifteen years running.

Kestrel & Pike has never built anything but mid-rise mixed-use buildings in Denver. That focus is the strategy: we know the entitlement path, the construction details and the tenants of every block we buy, and we run the same disciplined process on each one.

  • Buy the block, not the boom

    We acquire corners the neighborhood plan already wants activated, and we build what that plan asks for — never taller, never thinner.

  • Entitle with the neighborhood

    Two public design workshops minimum before we file. Alta Alameda’s affordability agreement and Sloan’s Corner’s public plaza both came out of those rooms.

  • Ground floors first

    Retail and residential are designed together, and every ground floor has been fully leased by opening day since 2013.

  • Deliver, then stay

    Five buildings delivered on schedule since 2013, and we manage or co-manage everything we keep, so the block holds up after the ribbon is cut.

More about us
An architectural massing model of a brick mid-rise building being adjusted in the Kestrel & Pike design studio

Massing study for Sloan’s Corner, our design studio on Larimer Street, November 2024.

Leadership

The people who sign the drawings.

Ana Kestrel and Tom Pike founded the firm in 2011 and still review every entitlement filing and every facade detail themselves.

Headshot of Ana Kestrel, Co-founder & CEO

Ana Kestrel

Co-founder & CEO

Founded the firm with Tom Pike in 2011 after nine years designing Denver multifamily housing at a downtown architecture studio. Leads design review on every project personally.

Headshot of Tom Pike, Co-founder & President

Tom Pike

Co-founder & President

A third-generation Denver builder who ran mid-rise construction for a national GC before 2011. Oversees entitlements, construction and city relationships.

Headshot of Marcus Webb, Chief Financial Officer

Marcus Webb

Chief Financial Officer

Joined in 2014 from a Denver real-estate fund. Has raised $310M across four funds and structured every Kestrel & Pike joint venture.

Headshot of Elena Sandoval, VP of Development

Elena Sandoval

VP of Development

Joined in 2016. Has shepherded four buildings from acquisition through ribbon cutting, including Chestnut Row’s pandemic delivery.

Headshot of Priya Raman, Director of Community Partnerships

Priya Raman

Director of Community Partnerships

Joined in 2019. Runs the neighborhood workshop process, affordability agreements and the firm’s local-hire program on every active site.

Meet the full team

Investor relations

Fifteen years of on‑schedule delivery.

Kestrel & Pike has raised $310M across three closed-end funds and one open vehicle. Every completed project has delivered on schedule; two exits have returned 2.3x equity multiples at sub-5% cap rates. Fund IV is fully invested, and we are planning Fund V for 2027.

Realized equity multiple
2.3x
Going-in cap rates
4.4% – 5.1%
Projects delivered late
0 of 5
Portfolio occupancy
95%

investors@kestrelandpike.com

(303) 959-2140 — ask for Marcus Webb, CFO

Investor relations

Investor relations contact

For investment opportunities, fund reporting, commercial leasing and city partnerships. Fields marked * are required.

Elevated view of the opening-day block party at The Kestrel on Colfax: long tables of neighbors under string lights on the closed street, white food tents, and the new six-story rust brick mid-rise with dark-framed windows, recessed balconies and an umbrella-shaded corner restaurant patio behind
Opening-day block party at The Kestrel on Colfax, East Colfax Avenue, October 2023.

Community commitments

What we owe every block we build on.

These are not aspirations — they are written into our entitlement filings and reported to the city quarterly. Every project since Alta Alameda has carried all four.

  • Affordable homes in every project

    84 deed-restricted homes at 60% AMI across the portfolio — 60 delivered at Alta Alameda and The Kestrel, 24 more opening at Sloan’s Corner in 2027.

  • Denver hires the build

    A minimum of 40% of construction labor hours on every active site go to Denver-resident workers, tracked and reported quarterly to the city.

  • Local businesses at street level

    No national-chain anchors. Every ground floor is leased to Denver operators — grocers, food halls, cafes and a day-care that serve the block.

  • Public space we maintain

    Corner plazas, sidewalk gardens and streetscape improvements built at our cost and maintained by us for ten years after ribbon cutting.

Our commitments