K&P Kestrel & Pike
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
All projects

Capitol Hill

The Kestrel on Colfax

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

180

Residential units

265,000

Total sq ft

228,000

Residential sq ft

37,000

Commercial sq ft

6

Stories

148

Parking spaces

About this project

Named for co-founder Ana Kestrel, this six-story corner building replaced a 1960s single-story retail strip on East Colfax. It carries our largest affordable commitment to date — 36 units at 60% AMI — and a corner restaurant whose patio has become a Capitol Hill fixture. The building is 95% occupied and stabilized in the Fund III portfolio.

Highlights

  • 36 affordable units at 60% AMI — our largest commitment to date
  • 95% occupied; stabilized Q3 2024 in the Fund III portfolio
  • Corner restaurant and patio leased pre-construction
  • Replaced 40,000 sq ft of single-story retail with a full block face

Construction timeline — The Kestrel on Colfax

Scrub from land acquisition to ribbon cutting.

The East Colfax corner before acquisition — a vacant one-story commercial building and surface parking lot on the wide avenue, with older brick apartment buildings nearby
February 2020Complete

Land acquisition · February 2020

The firm closes on a 1960s retail strip and adjacent parking lot on East Colfax, assembling the corner over eleven months.

Portfolio

More Kestrel & Pike buildings

See all projects
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