Over in the Prospect neighborhood, one of the final vacant lots is undergoing some much needed development. Edwards Companies is developing a 5-story 296-unit apartment building. This will fill a huge gap in the Prospect neighborhood and contribute greatly to its urban fabric.
The Residences at Prospect Park will sit about mid block north of West 29th Street facing Huron Street. Across the alley are the WaterTower Lofts. The building currently to the south will be renovated and used for approximately 20,000 square feet of retail.
At the public meeting, one of the major concerns from current residences is the parking situation this will bring to the neighborhood. These apartments will be taking up a lot that was used for parking and as well as possibly congesting street parking given the increase in residences. Well, Edwards Companies has this taken care of. The City of Denver granted them lower parking requirements but they denied it and are building parking that exceed code (approximately 1.25:1). Given every residence in this neighborhood has dedicated parking, this shouldn’t be a problem. Remember, the largest multi-modal transit hub under construction, Union Station, right across the way. Also, as soon as the 20th and Chestnut project gets built there will be a full service grocery store within walking distance.
Here are some ground level shots of the site.
This dirt lot is a huge eyesore and this development is the perfect size, and design to fit in the Prospect neighborhood. This will help the area become a more tightly knit urban community. Construction is expected to be completed in 2014.