One of the most notable features of The Coloradan, a 334-unit condo building going up in Union Station, is the purple terracotta facade. When we last visited this project back in January, the first tiles were starting to go up. Present day, the terracotta has made its way up a large portion of the building, along with other facade elements starting to become visible.
When looking back at the renderings, we can see that the terracotta will be accompanied by both light and dark paneling. The new paneling elements are currently best seen from the southeast side of the project.
In addition to the new paneling, the screening for the garage is also starting to go in. The majority of the garage will feature metal screening but will also have these horizontal yellow accents.
The “Alpenglow” terracotta is nearly complete on the southwest side of the building and, overall, looks pretty great. The purple hue is unlike anything else in the neighborhood, and Downtown Denver.
Let’s wrap up by looking at The Coloradan from 18th and Wewatta Street. While there are no signs of garage screening just yet, the paneling and terracotta is making its way up the building.
Currently, sales at The Coloradan are doing great as they are over 80% sold! Completion is right around the corner as residents are expected to move in the last quarter of this year.
80% sold before completion … hoping this triggers more condo projects downtown when developers see the financial success of this project.
Speaking of which, is there any update on the status of the Paradise condo towers at 19th and Lawrence?
Pretty sure Paradise is dead as a door nail.
Is it 80% sold OR 80% of available units sold? A sign on Wewatta says the later, which sounds like a marketing ploy to me. Nonetheless I hope it is 80% sold and that triggers more condo projects. Can’t decide if I like the facade, it is a higher quality material and think it should age well, however it’s definitely on the dark side for my taste.
The facade material looks great. This is a true keystone property and it’s nice to see a development go up here that goes beyond the bare minimum in terms of context, design, and construction.
Denver has had lots of room to grow for a long time, but I’m hopeful that as the city center continues to fill in, developers will begin to put more value on increasingly scarce parcels and aim for higher quality projects like this one.
Chuck, the sign reads 80% of available homes sold in order to be technically correct without overburdening the message. Our “hedge” is because 80% of market rate homes are under contract. At this point, though, we are actually 86% sold through those. The affordable home sale process started yesterday. They make up 10% of the total inventory. So, while it is changing by the hour, at this moment, 78% of the total inventory is under contract. We expect that buyers will purchase the entirety of the affordable home inventory over the next couple of weeks. At that point, assuming no other market rate homes sell (although two went under contract yesterday and are not included in these numbers), 87% of the total inventory will be under contract.
Too much information? 🙂
So Chris, if that is the case… what is East West Partners next move in Denver? 😉
DenvertoSDiego: Something!
This is really starting to look nice. I also like that the photos at street level have lots of people walking in them. It looks like that side of the tracks is becoming very lively.
FYI: I’m an buyer/future owner at this project. We received an update recently that all the “affordable” units were sold, basically immediately. There are 42 units of 334 remaining: 2 one-bed, 34 two-bed, and 6 three-bed. All studio, 1-bed, and penthouses are accounted for.