Positioned at 299 Milwaukee Street in the heart of Cherry Creek North, The Oasis Apartments is a transformative mixed-use development by BMC Investments and Rockpoint. This landmark project will deliver 177 luxury residential units, 28,000 square feet of high-end ground-floor retail, and a 6,000-square-foot public park featuring fountains at the corner of Third Avenue and Milwaukee Street. Construction commenced in December 2024, with vertical construction beginning in February 2025 and completion expected in early 2027.
Location: 299 Milwaukee Street, Cherry Creek North, Denver, CO
Residential Units: 177 luxury apartments
Retail Space: 28,000 SF of premium ground-floor retail
Public Park: 6,000 SF park with fountains at Third Avenue and Milwaukee Street
Developer: Rockpoint
Architect: Shears Adkins Rockmore
Financing: Bank OZK
BMC Investments
Founded in 2010 and led by CEO Matt Joblon, BMC Investments is a Denver-based, vertically integrated real estate firm specializing in multifamily and mixed-use developments. The company has acquired and managed over 9,000 multifamily units in metro Denver, with an asset value exceeding $1 billion. BMC has a strong presence in Cherry Creek, with notable projects such as Steele Creek Apartments and the Halcyon Hotel.
Rockpoint
Rockpoint is a Boston-based real estate private equity firm with additional offices in San Francisco and Dallas. The firm focuses on creating enduring value through investments in high-quality, well-located assets across select property types and markets throughout the United States. Rockpoint has raised $5.1 billion in aggregate equity capital commitments in its latest fundraising cycle.
Cherry Creek North continues to outperform other Denver submarkets, with office vacancy rates around 8.5%, significantly lower than downtown's nearly 33%. The neighborhood boasts approximately 5.53 million square feet of office and retail space, representing about 5% of the city's total. New developments are rapidly leased, with 99% occupancy before delivery, reflecting strong demand for high-quality spaces in the area.
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