Sentral and OliverBuchananGroup (OBG) have announced a partnership to develop multifamily communities and mixed-use projects in areas of high growth throughout the U.S. Formerly known as OliverMcMillan, with its assets acquired by Brookfield Properties in 2018, OBG partnered with Sentral to utilize its property management expertise for residential projects. The companies will first target properties in Austin, Texas; Dallas; Denver; Nashville, Tennessee; Phoenix; and San Diego.
The initial collaboration will begin in Denver’s River North District (RiNo). As a leading residential brand and operator managing flexible living communities, Sentral and OBG have engaged several design firms to help plan for the community that will include over 300 units of residential living, retail, office, and event space. Construction is slated for 2023 and sits in one of the highest concentrations of restaurants, entertainment, and breweries in Denver.
“As we expand our footprint, we are strategically aligning ourselves with partners like OliverBuchananGroup who share our vision to build and operate the next generation of residential living,” says Jon Slavet, CEO at Sentral. “Through this collaboration, we will address modern consumer preferences for living and travel while introducing brand standards and flexibility into the multifamily sector for the first time."
With an expanding real estate portfolio, OBG has a 42-year history of designing and developing more than 8 million square feet of mixed-use projects. “While we continue to see the rise in demand for short-term rentals, it is impactful to see a brand like Sentral pioneering flexible living in the multifamily market—offering residents top-notch amenities and design-driven accommodations in desirable cities,” says OBG chairman Morgan Dene Oliver.
“We look forward to collaborating with Sentral on developing these new communities and creating dynamic spaces where residents can work, play, and make memories.”
