Townhouse development opportunity located just one block from Sloanâ€™s Lake and a short walk to Edgewater Shopping District. Concept plans for 14 Townhome Units have been approved to progress to SDP. Homes with rooftop decks will have amazing views of the lakes and the mountains (see pictures). Location is top-notch with just a quick two-minute walk to Sloanâ€™s lake. Within Â¼ mile gets you to Joyride Brewing Co., Griffin Coffee, and US Thai CafÃ©. Within 2/3 of a mile is King Soopers, Target, Shiso Sushi, Starbucks, and the brand-new Edgewater Public Market. Currently there are 2 vacant single-family homes on the site. This site is also permit-ready for a 38-unit apartment building. DD available is from the apartment entitlement. KEY METRICS â€¢ The Zone lot is 16,238 sf. â€¢ Home Price Appreciation â€“ According to the Federal Housing Association, Colorado ranks 2nd for home appreciation since 1991, only behind Washington D.C. In the last five years Denver metro experienced a 58.6% appreciation. â€¢ Supply and Demand â€“ According to the University of Denver, while 12,324 new units were built in 2018, a total of 13,708 units were absorbed. â€¢ Highly Educated Workforce â€“ According to City Lab, Denver is ranked #8 for cities where college-educated adults live. Additionally, Denver is ranked #5 for growth of college-educated adults. â€¢ Tech Migration â€“ Since 2010, more than one in three tech companies operating in the Bay Area have opened offices in Denver. These are firms such as Apple, Google, Facebook, and Lyft.
- Sold Date2021-05-14
- SubdivisionSloans Lake
- Floor Coverings
- DistrictDenver 1
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