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Archive of posts filed under the Residential category.

Central Platte Valley: The Confluence Update #7 (Above the Infill Edition)

Let’s wrap up the week with a quick update on The Confluence, a 34-story, 288-unit apartment project going up in the Central Platte Valley. As mentioned in the title, this post will be full of aerials.

Who am I kidding? It was a fantastic sunset last night after the storms rolled through and The Confluence site happened to be in a few frames as I was flying my quad around. So as I write you saying that excavation is underway at The Confluence and there is a big hole in the ground, you probably have already moved on, distracted by the aerial photos below. Just make sure you click to embiggen!

 

 

Have a great weekend DenverInfill readers!


New Speer Neighborhood Project: Country Club Towers

A very large apartment project is coming to the Speer neighborhood, close to the border of Country Club. To orient yourself with the neighborhoods around Central Denver, check out the City and County of Denver’s interactive neighborhood map. Since 2013, the Speer neighborhood has been part of Denver’s apartment boom, adding multiple 5- and 6-story buildings totaling around 350 units.

Twelve years ago, the Broe Real Estate Group had an ambitious plan to build two 30-story towers. Upon proposal, they received an approved development agreement with the City of Denver to build the 300-foot towers, which were consistent with zoning that has been in place for decades. As you can imagine, the neighbors, living in single-family homes and small condo units, were not happy about this proposal. Concerns over traffic, loss of views, and large shadows came up in the various public meetings the development firm held.

Broe trekked on with their plans and held a ground breaking ceremony at the Country Club Towers site this past Monday. Most of our readers have known about this project as it’s been in the works for a very long time. Because the design review for this project was very extensive, we here at DenverInfill wanted to make sure we gave you the final renderings and facts to avoid confusion down the line.

First, let’s start off with an aerial view with the site outlined. As you can see, some demolition was needed to make way for this project.

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Without further ado, here are the Country Club Towers: a twin 30-story tower, 558-unit apartment project, designed by SCB Architects, developed by The Broe Group, and built by Swinerton. All of these renderings are courtsey of the project’s website.

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Here is the ground floor, designed to fit in with the surrounding buildings.

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The existing gardens will also be incorporated in this development.

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Residents will be provided with 1,005 structured parking spaces giving the project a parking ratio of 1.8:1.

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Last but not least, here is a detail shot of the east building. The Country Club Towers will feature a glass and masonry facade.

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Swinerton has provided the public a construction timeline, which can be viewed below. Currently, excavation and shoring is underway with foundation work scheduled to start any day. We should see a couple of tower cranes on this site by October.

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Country Club Towers is scheduled to be complete around mid-2017. We will get out there soon to take some photos for the first update!


Five Points-Curtis Park: 2460 Welton Update #2

Staying in the Five Points – Curtis Park neighborhood, there is another project well underway along the Welton corridor; just across the street from the now under construction, 2300 Welton Street.

When we visited Five Points last weekend, we noticed that this project has officially broken street level. Here are some photos of the project site. As a refresher, 2460 Welton street is a 96-unit project featuring 14 townhomes and 82 apartment units.

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That’s a wrap on our Welton Corridor update spree. There are a total of 319 units under construction along Welton Street with more residential, office, and hotel units on the way!


New Five Points-Curtis Park Project: 2560 Welton Street

The Welton corridor, running through the Five Points neighborhood, is booming with new development. Going exactly one block down from the Rossonian project, which we just announced yesterday, another high-density project is in the works.

2560 Welton Street will eventually occupy another very large hole (surface parking lot) in the urban fabric of the Welton corridor. Here is an aerial with the site outlined.

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According to the Five Points Business District, 2560 Welton will provide the neighborhood with 130 apartment units, 15,388 square feet of office, 9,266 square feet of retail, and 191 parking spaces in an 8-story structure. Here are some renderings of the project courtesy of the Five Points Business District, Shears Adkins Rockmore, and Craine Architecture.

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2560 Welton Street will take a similar shape to Verve along Delgany Street, with a set-back middle portion. The 25th and Welton light-rail stop is right out the front door giving residents easy access to Central Downtown and eventually Denver International Airport, once the central rail extension takes place.

Here are two photos of the site. Even though these were taken last fall, nothing has changed except for a construction staging area in the middle of the lot.

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Just like the Rosonnian, the timeline for construction is unknown however, Palisade Partners and Confluence Companies are working hard to make this project a reality. We will keep you updated as more details come in.


Five Points-Curtis Park: 2300 Welton Update #1

As you saw yesterday, the parking lot where 1144 Fifteenth Street is going to stand has now been relieved of its surface parking duties. 1.2 miles down the road, another large surface parking lot been cured of the known Denver disease, parkinglotitis.

2300 Welton is a 223-unit apartment project taking up the full half block between Park Avenue West and 24th Street along the Welton corridor. Heavy construction equipment has been moved on site and caisson drilling has commenced.

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At this time, we do not have any final renderings of the project but head on over to our announcement post for a good idea of what 2300 Welton will look like.


Lower Highland: Lumina Final Update

Staying in the Lower Highland neighborhood, we are going to take a final look at Lumina; a quirky yet refreshing design for what could have been a typical apartment project. Our coverage for Lumina was fairly limited but here are our previous posts:

New Lower Highland Project: Lumina

Lower Highland: Lumina Update #1 

There is a lot going on with the design of Lumina between the jagged, or rounded, sides of the building, the metal screen, different sized terraces, and the large solar array. One very interesting thing to note is the integration of the old Pagliacci’s neon sign on the facade; a tribute for what was once on this site.

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Here is a detailed look at the metal screen that wraps around the entire building.

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Rising 5-stories, with ground floor retail, Lumina provides the Lower Highlands neighborhood with 61 botique style units.  For pricing and floorplans, head on over to their website.


Lower Highland: Studio LoHi Final Update

Over the next week or so, I will be wrapping up a bunch of projects that we’ve had in the works here on DenverInfill. Some of these projects have been complete for a while, with others just wrapping up. Today, we are going to start with Studio LoHi, formally known as LoHi City View.

Here is what we covered in the past for Stuido LoHi:

New Lower Highland Project: LoHi City View Apartments

Lower Highland: LoHi City View Apartments Update #1

Lower Highland: LoHi City View Apartments Update #2

Time for some pictures of the completed project. With B-Street LoHi as its next door neighbor, Studio LoHi continues to add density along Boulder Street in the Lower Highlands neighborhood. Between 17th and 18th Street, along Boulder, there are now 173 new apartment units (Studio LoHi containing 100-units) which translates to around 250 new residents in this neighborhood.

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Back in May, I took this aerial photo from Hirshorn Park. Here you can clearly see the densification of Lower Highlands, especially along Boulder Street, with Studio LoHi is in the bottom left of the picture. Make sure you click the image to embiggen!

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Lower Highland from Hirshorn Park

Stay tuned for more residential updates throughout the week!


Downtown Denver Residential Projects: June 2015 Update

It has been eleven months since we last tallied the number of new multifamily residential units in the Downtown Denver area, so let’s do an update on that today.

A total of 6,273 multifamily residential units have been completed within a 1.5 mile radius of the iconic D&F Tower since January 2010. The historic tower’s location at 16th and Arapahoe serves as a good geographic central point to Downtown Denver.

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Another 4,556 units are currently under construction.

Assuming most of the units under construction are completed within the next year and a half, 10,829 residential units will have been added to the Downtown residential market from 2010-2016, with the vast majority of those (10,609) from 2012-2016. This represents an average of approximately 1,550 units per year (2010-2016) or 2,121 units per year (2012-2016). About 96% of the total are rental units.

There are 1,507 proposed units if you count only those proposed developments that we have already profiled here on DenverInfill. However, there are many additional developments “in the pipeline” that we have not yet profiled. These projects range from those that stand a good chance of happening (but, for various reasons, we haven’t yet covered on the blog) to those that are at the rumor stage and/or are very early in the development process—and everything in between. Based on our assessment, these “in the pipeline” projects total approximately 4,000 units.

Click on the image below to view in full size our June 2015 Downtown Denver Multifamily Residential Projects map and table. Use this link to view/download a high-resolution PDF version (6 MB) formatted for printing at 11″ x 17″.

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People ask me all the time if I think we are overbuilding housing in the Downtown area. Let’s crunch a few numbers to think about that question.

The Colorado State Demographer’s forecast for Denver’s 2015 population is 676,282, or an increase of about 72,000 people since 2010. The State Demographer’s data also show that 64% of Denver’s recent population growth has been as a result of net migration (36% from natural increases), and that the people migrating here are overwhelmingly in the 20-34 age range. Applying the 64% net migration rate to the 72,000 total 2010-2015 population increase means that about 46,000 additional people moved to the city of Denver (presumably needing housing) during roughly the same time period covered in our Multifamily Residential Projects exhibit above. What percentage of those 46,000 newcomers want to (or can afford to) live in the Downtown area?

Assuming an average of 1.5 persons per household (typical for Downtown-area neighborhoods from the 2010 Census), the 6,273 multifamily residential units completed in the Downtown area since 2010 represent housing supply for approximately 9,400 people. This 9,400 figure is 20% of the 46,000 number discussed above. Does it seem reasonable that Downtown might capture 20% (1 in 5) of these 46,000 new Denver residents? If yes, then we’re not overbuilding. If no, then maybe we are.

Of course, it’s not really that simple. There are dozens of other factors involved and my number crunching above is really just a quick, superficial stab at putting these Downtown housing numbers into perspective from just one angle. But the anecdotal evidence seems to suggest that all these new Downtown housing units are being absorbed at a sufficient pace to not (yet) cause panic among multifamily residential developers and market analysts.

What these new multifamily residential projects are doing is mending the holes in the urban fabric caused by accommodating the private automobile in an inappropriate, thoughtless way. They are improving the pedestrian environment by adding new sidewalks and streetscaping, ground-floor activity, and eyes on the street. They are putting more people within walking and biking distance of transit, work, school, and recreation. They are bringing us closer to having a critical mass of Downtown residents necessary for more and better retail options. They are making Downtown Denver a better place.