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:

Walnut Street Lofts location, aerial base courtesy Google Earth

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 renderings below are courtesy of Kephart, the project architect. B.C. Builders is the general contractor.

Rendering of Walnut Street Lofts, courtesy of Kephart

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:

Walnut Street Lofts under construction, March 2019
Walnut Street Lofts under construction, March 2019

The view from 38th Street looking west:

Walnut Street Lofts under construction, March 2019
Walnut Street Lofts under construction, March 2019

It’s great to see more affordable housing being developed! Walnut Street Lofts should be complete next spring.