A new high-rise condominium development is planned for 19th Street between Lawrence and Arapahoe in Downtown Denver.
Proposed by Miami developer Renzo Renzi, the project was introduced in an article by John Rebchook at the Colorado Real Estate Journal about a month ago. Since then the development team has been busy clarifying primary design issues like floor-to-ceiling heights and unit sizes. We are pleased to share in this DenverInfill post the latest information on this major downtown development.
First, let’s get you familiar with the project location and the site’s current condition—a surface parking lot—through the Google Earth aerial and street view images below:
Here’s the latest…
Located at 1901 Arapahoe and currently marketed as Paradise Living, the project will include approximately 700 condominium units in two 38-story towers. The exact number of homes won’t be available until the final mix of unit types and sizes has been determined. The two towers will each rise 400 feet in height, the maximum allowed in this part of downtown per the Denver zoning code.
1901 Arapahoe is being designed by MOA Architecture. Thanks to Jack Mousseau and his team at MOA, we have several renderings to share with you. These are high-resolution versions of the renderings available on the Paradise Living website that were prepared early in the process and prior to the latest design clarifications. Therefore, you should view these renderings not for specifics like floor counts, but to get a sense for the overall form, style, and aesthetics of the development. Even though the design will continue to be refined in the coming months, the development team has confirmed that the architectural “look” of the project will remain the same. New renderings will be available later this summer.
First up, a full-color bird’s-eye view looking east toward the corner of 19th and Lawrence, followed by a street-level perspective looking southeast up 19th Street.
The building stacks up like this:
There will be two underground levels for vehicle parking. The ground floor will feature approximately 20,000 square feet of commercial retail/restaurant space along 19th Street with the balance of the ground floor providing various building and resident services. Levels 2-6 will hold the rest of the vehicle parking, and on Level 7 will be the main resident services floor featuring an outdoor pool, an indoor pool and fitness center, and other common-area amenities. Levels 8-38 will contain the 700 or so residential units. In total, the project will have about 900 vehicle parking spaces serving both the residential and retail/restaurant uses, with an approximate 1.20 spaces/unit ratio.
Below are sketch renderings of an overhead view looking east, a street-level view looking up from 19th and Lawrence, and another street-level view from Skyline Park:
In addition to the pool on Level 7, each tower will also feature a rooftop pool and patio. Every unit will include a full-sized balcony.
The developer is aiming for the project to include a mix of lower-priced and higher-priced units. Potentially as many as 100 studio homes (500-600 SF) will be available priced in the $250,000-$350,000 range, with each studio unit having a full 8-foot-deep balcony spanning the width of the unit. About 350 mid-sized homes will be priced in the $350,000-$700,000 range, with the remaining larger units occupying the upper floors and priced above $700,000. Some of the penthouse units will go for as much as $1,200/SF. In addition to providing numerous homes priced below $350,000—fairly affordable for Downtown—the project will also be one of the first big condominium projects to pay development-impact fees into the city’s new Affordable Housing Fund.
Once 200 units have been pre-sold, the project will get its financing and will be able to start construction, according to Mr. Renzi, who has the 54,905-square foot property under contract with Paradise Land Company‘s Buzz Geller. Later this summer after pricing and floor plans have been finalized, people will be able to start reserving specific units.
Our thanks to Renzo Renzi and Jack Mousseau for the latest project information! We’ll be back with an update in a few months when new renderings and more details are available.