The ground shook last month as construction workers made way for a 12-story, block-long condominium project to go in across from Sloans Lake.
Lakehouse is anticipated to be the crown jewel of the Sloans complex with water views, an urban garden, aquatics room and pet spa. As of early December, 15 percent of the 196 units were under contract or reserved and were going for an average of $728 per square foot, according to Trevor Hines, CEO of NAVA Real Estate Development.
Two blocks east of Lakehouse, Koelbel and Co. and Trailbreak Partners are working on transforming the Kuhlman Building into 49 affordable housing units for people making 60 percent of the area median income or less.
The Kuhlman and Lakehouse blocks are just two of the five blocks where construction is underway or imminently expected.
The new homes and planned commercial space are transfusing new life into the former St. Anthony Hospital campus within the West Colfax neighborhood.
The Denver Urban Renewal Authority has agreed to kick in about $17.6 million across four projects on the campus, according to the organization’s website. And altogether, developers could drop more than $350 million on the roughly 19-acre site, said Cameron Bertron, senior vice president of development services at EnviroFinance Group.
EnviroFinance Group is the master developer of the Sloans complex. The Colorado-based development company spent the last few years pulling in businesses and builders to transform the site.
Alamo Draft House Cinema and Even Stevens restaurant opened along West Colfax Avenue earlier this year. And Starbucks and Tap & Burger joined the complex in 2016. Together the companies created a “hub for the existing neighborhood that was always there,” Bertron said.
“I feel like that’s really done what we’ve wanted, which was begin to revitalize West Colfax and create amenities the neighbors appreciate, enjoy and use,” he said. “The residential feel of this development won’t ripen until late next year and throughout 2019 when more units are open and less of the site is under construction.”