There is exciting news coming to the Welton corridor in the Five Points neighborhood! Recently, Palisade Partners announced a new project going up at the intersection of Welton and 25th Street. Welton Street, east of Park Avenue West, has always been a patchwork of historic buildings and empty lots, creating huge holes in the urban fabric of this neighborhood.

Here is an aerial view of the neighborhood with the project site outlined. 2460 Welton will take up most of the lot, leaving the historic houses intact. One great feature about this location is its proximity to the 25th and Welton light rail station which will provide residents quick access to Downtown Denver.

2014-06-05_2460WeltonAerial

Looking at the project site on Google Street View, you can clearly see that this is a site that has been longing for development. This parcel currently has no use, including parking, and has become a huge eyesore along the Welton corridor.

2014-06-05_2460WeltonStreetView

Last but not least, here is a rendering of the project, courtesy of Palisade Partners. 2460 Welton will feature 82 market-rate apartments in a five-story building and 14 three-story townhomes. Amenities will include a rooftop deck, community room and a fitness center. The design of the building is intended to capture elements from the historic Rossonian Hotel.

2014-06-05_2460WeltonRendering

Last year, Mayor Hancock announced the Welton design / development challenge to advance the economic revitalization of the Five Points neighborhood. The development team for 2460 Welton accepted the challenge and was awarded a $100,000 grant! Palisade Partners is expecting to break ground this summer with completion around fall 2015.