Tuesday, March 13, 2007
DenverInfill Construction Update: 2999 Lawrence
Construction on the 2999 Lawrence infill project in Downtown Denver's Curtis Park-Five Points district is well underway. Groundbreaking occurred just before the blizzards of December 2006 struck, so the project is making good progress. This 5-story, 12-unit condo building is being developed by Village Flats LLC, a local firm led by developer Bryan Pigott which is dedicated to delivering affordable, yet non-deed-restricted residential units to the Downtown Denver market. 2999 Lawrence was designed by the architectural firm of Rowland + Broughton Architecture. The project should be finished late Fall 2007.
This project is being developed in the Upper Larimer area of the neighborhood where a remarkable transformation is taking place. Here's a photo of the construction progress and the finished product:
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These two projects are an interesting contrast to each other. They are both presented as "affordable", yet I am certain that the 32nd and Stout price point is well below that of 2999 Lawrence.
The aesthectics of 2999 are quite interesting, while 32nd is rather ordinary and traditional.
Anyway, I think it is difficult to call something in the high 200s affordable to most of the population of Denver and that neighborhood in particular. I am curious what the other projects prices will be. As we have seen too much lately, it may be affordable to many with a loan from a sub-prime lender for a couple of years, but it may be headed to foreclosure once the rate bumps.
High 200s indeed looks affordable next to the predominance of new condos in the 400s and 500s. However, there still needs to be some way to create truly affordable housing stock of good quality in some form near downtown or with good access to transportation. I am afraid that I am contributing to the developing un-affordability of the Highlands neighborhood these days.
The aesthectics of 2999 are quite interesting, while 32nd is rather ordinary and traditional.
Anyway, I think it is difficult to call something in the high 200s affordable to most of the population of Denver and that neighborhood in particular. I am curious what the other projects prices will be. As we have seen too much lately, it may be affordable to many with a loan from a sub-prime lender for a couple of years, but it may be headed to foreclosure once the rate bumps.
High 200s indeed looks affordable next to the predominance of new condos in the 400s and 500s. However, there still needs to be some way to create truly affordable housing stock of good quality in some form near downtown or with good access to transportation. I am afraid that I am contributing to the developing un-affordability of the Highlands neighborhood these days.
good points..."reasonable prices" would be a better way to describe this developer and his buildings...i like that this brings some height to a neighborhood that is cool and diverse.
Permalink Posted by 
: 3/15/2007 10:35:00 AM
: 3/15/2007 10:35:00 AM
I agree -- to call the high 200s "affordable" is laughable -- considering it's well above the median home price in the area.
However, much of the existing housing stock in the area is priced more reasonably. There's well more to life than new construction
However, much of the existing housing stock in the area is priced more reasonably. There's well more to life than new construction
Permalink Posted by : 3/15/2007 11:34:00 AM
: 3/15/2007 11:34:00 AM
hooray for no red brick! something different...however, for some reason i cant get the link to work on the 3D rendering.
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Permalink Posted by : 3/15/2007 11:40:00 AM
: 3/15/2007 11:40:00 AM Links to this post:
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