A bold condo proposal in Arapahoe Square is making its way through the Downtown Design Advisory Board. This project, named Evolve Towers, is exciting on many levels which we will explore throughout this post. The first exciting element is the eradication of one of the worst parking lots along Park Avenue West in Arapahoe Square.
Below is a map with the project site outlined to better orient you; the official address for Evolve Towers is 838 Park Avenue West. You may recall back in 2017 we announced a project, Champa Flats, that would have resided on this lot. Given the developer, Ubuntu Partners, has closed on the land, we can assume that Champa Flats will not be built.
In the above aerial, you can see that this area of Arapahoe Square is littered with surface parking lots so it’s great to see another one hopefully bite the dust. Currently, a single-story boarded up building, surrounded by a sea of surface parking, resides on this lot.
Now for the exciting renderings and details of this project! Evolve Towers will provide Downtown Denver with 314 for-sale condo units contained in a twin 22-story tower. A four-story parking podium will provide 278 parking spaces which calculates to a ratio of 0.88 parking spaces per unit.
Since this project is located in Arapahoe Square, it has to follow the Arapahoe Square Design Standards and Guidelines and go through design review. Thanks to this process, we are able to get a beautiful point tower design like you see below. Even though these renderings are preliminary, any changes that are to be made will have to go back through design review.
From the permitting side, Evolve Towers is still in its early stages with only a concept plan filed with the city. However, with the recent news of the land purchase, we should hope to see more activity come through on the permitting side. We will keep you updated as more information about this project comes through.