A new transit-oriented residential development featuring 66 income-restricted homes is under construction at the corner of Walnut and 38th streets in River North.
Known as the Walnut Street Lofts, the five-story project is being jointly developed by the non-profit Urban Land Conservancy and Medici Consulting Group. The project site, located one block from the 38th and Blake transit station on RTD’s A Line, is identified below on a Google Earth aerial:
On the ground floor facing Walnut Street, the building will include a small retail space, lobby and leasing office, and a mail room and lounge. Tucked behind will be parking for 46 cars and 42 bicycles, with access from the alley. Residential units and a clubroom plus outdoor courtyard will be located on the second floor, with the remaining residential units located on floor 3 through 5.
The homes at the Walnut Street Lofts will remain permanently affordable through a 99-year ground lease as part of the Urban Land Conservancy’s community land trust. All units in the project will be restricted to those earning between 30% and 60% of Area Median Income.
The development recently broke ground and construction is underway at the site. Here are a few recent photos, starting with views from Walnut Street looking north toward the 38th and Blake train station:
The view from 38th Street looking west:
It’s great to see more affordable housing being developed! Walnut Street Lofts should be complete next spring.