October 27, 2017
For-sale condo development coming to Denver’s LoHi
A new development is coming to Denver’s Lower Highlands (LoHi) neighborhood — and it will offer for-sale condominiums, a rarity in the city for newly constructed housing.
GrandView LoHi — at 1717 Central St. in Denver — will offer condos ranging in size from 620 to 1,500 square feet and priced from the $300,000s to about $1 million. It will break ground sometime in the first quarter of 2018 and is slated for completion in spring 2019. The five-story project will cost an estimated $20 million, although developer Churchill Bunn said the project costs have not yet been finalized.
“This is our first residential development in Denver,” said Bunn, who owns Alpine Investments Denver. “We’re looking forward to building a high-quality, for-sale project to the neighborhood.” The development announcement comes after the Colorado Legislature earlier this year passed a bill reforming the controversial construction-defects law, which business leaders said brought condo development in the city to a halt.
The new law makes it harder for people in condos to file construction-defects lawsuits because it requires a majority of the condo owners, rather than the majority of the homeowners’ association board, to file suit. Bunn said navigating the law to create this development has required a multi-pronged approach. “Build it with quality and stand behind what you build,” Bunn said. “Ultimately, you have to design and build it to a certain standard. … It’s about not cutting corners, building something the owners can be proud of. That’s the cornerstone of it.”
GrandView LoHi will also include 4,600 square feet of retail space on the first floor, as well as large rooftop terraces in the double-height top floor units and garage parking. Residences will be on floors two through five. Jan Nelsen, Christine Nicholson and Molly Weiss of Kentwood City Properties are the listing agents.
“It’s just a short walk from [Denver] Union Station and the area’s wide variety of cafés, coffee shops, art galleries, shopping conveniences and all the excitement and ambiance that characterize downtown Denver,” Nicholson said.