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Affordable housing news: Proposals sought for Five Points condo project

A new mixed-income condo project is planned for Five Points. 

The Denver Office of Economic Development and the Regional Transportation District are seeking a development partner to build a transit-oriented, mixed-income condo project on an RTD-owned parcel at the northern corner of 29th and Welton streets. A request for qualifications (RFQ) will be issued beginning Aug. 15.

A portion of the condos will be priced to be affordable for income-qualified buyers earning 80 percent of the area median income (AMI), which is $47,000 for a one-person household or $67,100 for a four-person household. the development also may include commercial space such as retail on its ground floor. 

OED has entered into an option agreement with RTD for the purchase of the site, which it intends to assign to the selected development team. The .43-acre site is located within the Five Points Historic Cultural District and the Welton Corridor Urban Redevelopment Area. The site’s zoning allows for construction of a five-story, mixed-use building. 

A pre-bid meeting will be held from 3 to 4:30 p.m. Aug. 23 at the Blair-Caldwell African American Research Library, 2401 Welton St. The deadline to submit RFQ entries is Oct. 17.

 

Read more articles by Margaret Jackson.

Margaret is a veteran Denver real estate reporter and can be contacted here.
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