299 Milwaukee St

299 Milwaukee St Denver, CO 80206
299 Milwaukee Cam 001 V5 2048x1556
299 Milwaukee Cam 001 V5 2048x1556

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.

Project Highlights

  • 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

Developer Profiles

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. 

Market Context: Cherry Creek's Resilience and Growth

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. 

Nearby Local Gems

  • Kini's: A Mediterranean-inspired restaurant in Cherry Creek, serving fresh seafood, vibrant mezze, and creative cocktails in a chic, airy setting.
  • Ay Papi: A lively Latin-inspired, rum-forward cocktail bar known for its bold flavors, energetic vibe, and colorful ambiance.

  • Rare Bird: A stylish rooftop bar perched atop the Halcyon Hotel, offering panoramic city views, elevated bar bites, and inventive cocktails.

  • Cherry Creek Trail: A scenic 45-mile paved trail running through the heart of Denver, ideal for jogging, biking, or enjoying a peaceful walk along Cherry Creek.

  • Cherry Creek North Shopping District: A premier shopping and lifestyle destination featuring over 600 businesses, including luxury boutiques, art galleries, spas, and award-winning restaurants.

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Project Details

Developer

BMC Investments & Rockpoint

Type

Multifamily

Unit Count

177

Financing

Bank OZK

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