New Affordable Housing Project in the Works in Denver
- Nov 07, 2016
by Adina Marcut
Denver—Koelbel and Co. and Trailbreak Partners have teamed up for the redevelopment of “Sloans Block 3” on the former St. Anthony Hospital campus in Denver, which will be converted into 49 affordable apartaments.
“The vision is really trying to create a mixed-use, mixed-income project on Block 3 that integrates into the larger St. Anthony redevelopment and is also mindful of its existing neighbors to the east,” Doug Elenowitz, principal at Trailbreak Partners, said in a prepared statement.
According to the North Denver Tribune, proposed plans for the project include: the restoration and adaptive reuse of the the Kuhlman Building, to provide 49 for-rent units affordable to households earning 60 percent of the area’s median income or below; 25-27 market rate, row-houses on West 17th Avenue, Quitman Street and West 16th Avenue in a variety of unit types; an adaptive reuse of the existing 5,800-square-foot gymnasium attached north of the Kuhlman Building into a retail/restaurant space; a new 2,200-square-foot high bay café to be co-located with a 4,300-square-foot public plaza at the northeast corner of 17th Avenue and Perry Street.
“Sloans Block 3 will be a vibrant, active and attractive community that will include a diverse mix of housing and commercial uses to enhance the legacy of St. Anthony’s and strengthen connections to Sloan’s Lake and the existing neighborhood,” said Koelbel in a statement.
Funding for the project will come from developer equity, Low Income Housing Tax Credits, Tax Increment Financing from DURA, and a performance loan from the City of Denver Office of Economic Development. Sloan’s Lake Block 3 will be delivered in phases, with completion scheduled for late 2017.
Image courtesy of Koelbel