Trailbreak Partners has officially broken ground on Kaia Residences, an 18-story, $160 million mixed-use project at 808 N Lincoln Street in Denver’s Golden Triangle neighborhood. Scheduled for completion in late 2026, the development will deliver 295 market-rate apartments—including 19 affordable units—and 8,500 square feet of street-level retail. Kaia aims to meet the city’s growing housing demand while offering a wellness-forward lifestyle in one of Denver’s most culturally vibrant districts.
Developer: Trailbreak Partners
Location: 808 N Lincoln Street, Denver, CO 80203
Type: Luxury Mixed-Use Apartments
Total Units: 295 (19 affordable)
Retail Space: 8,500 sq ft
Construction Start: April 29, 2025
Estimated Completion: Late 2026
Financing: $111.5 million construction loan from Affinius Capital; $50 million equity raise
Based in Denver, Trailbreak Partners is a commercial real estate investment and development firm specializing in multifamily and mixed-use projects across the Rocky Mountain West. Their portfolio includes developments like the Ridian Apartments in the Highlands neighborhood, exemplifying their commitment to delivering high-quality residential communities.
Denver's multifamily market remains characterized by tight—but—easing rent growth, stabilizing after an unprecedented 20,000-unit boom in 2024 that drove vacancy to 7% and rents down ~4% YoY. Despite strong absorption (2,081 units in Q1) and high renewal dynamics, operators continue offering concessions for both new leases and renewals. Looking ahead, diminished supply in 2025 sets the stage for ~3% rent growth, emphasizing the importance of proactive lease renewal strategies and calibrated concessions in Golden Triangle and Central Denver.
Stay informed as Denver’s urban core continues to evolve with transformative developments like Kaia. As the market shifts and demand rebounds, projects that blend lifestyle, location, and long-term value will lead the way. Follow along for more insights on what’s shaping the future of multifamily in the Mile High City.
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