A new 108-unit affordable housing project is planned for Downtown Denver’s Union Station district.
The project located at 1975 18th Street will occupy the southeast side of Chestnut Place between 18th and 19th streets just a block from the Union Station multimodel transit center that will open in a few months. The development will share the block with Xcel Energy’s steam plant and a triangular parcel slated for development as possibly an office building or a hotel. Here’s the site outlined in yellow on a Google Earth aerial:
The project is being developed by Atlanta-based Integral Group, with financial assistance from the City and County of Denver and the Colorado Housing Finance Authority. Of the 108 rental units, 68 units will be reserved by covenant for a period of 60 years for residents making less than 60 percent of the area median income, with the remaining 40 units at market rates. Here’s a rendering of the project, courtesy of the Integral Group:
1975 18th Street is planned to begin construction in June 2014 with completion in September 2015.