Ballpark Neighborhood New Developments
There is a lot of negative economic news out there, but in the Ballpark Area things are heating up. There are two sizeable projects getting close to breaking ground in what I consider to be the BallPark Marketplace.
The first and largest of the projects are David Zucker's 2020 Lawrence, Residential High Rise Project. I have been on the sidelines watching this development evolve over the last 5 years through perhaps the most difficult economic times in our Country. It started with the acquisition of the first 6 lots from Judy McNutt who had bought the old grafiti'd up garage and two dirt lots. Judy had plans for her own redevelopment but David made her and her partners an offer they couldn't resist. David's company planned a great looking, state of the art 60 unit condo project on the site and got caught in the total meltdown of the residential condo market which I'm sure he is very glad today he pulled the plug on the smaller project.
Somehow David mustered the energy and resources to not only keep the project alive but triple its size by the assemblage of the remainder of the block. The site now encompasses 14 lots and will support a residential rental development of approximately 250 units. This project will anchor the BallPark Neighborhood and be a catalyst for future development in the Arapahoe Square. Stay tuned for updates on 2020 Lawrence Street.
The second project that is in the final stages fo preparing for construction is the Salvation Army's development of the site at 21st and Champa, adjacent to its downtown headquarters. Like 2020 Lawrence, this development has been years in the making. It started with the purchase of the 4 corner lots from the Dimitrov Estate over 5 years ago. The next move was to acquire the 2 inside lots from the Bonilla Family that I had sold them several years prior. The Salvation Army Development has been held up due to typical economic issues that all new construction projects have had to deal with. The Salvation Army gave notice to its parking tenants last week that they would need to find alternative parking.
Some property owners might be getting concerned about the recent developments in the area for low income housing. There should be no concern as these developments have all been high quality projects taht have helped the area in very positive ways.
In 2003 I sold the Colorado Coalition for The Homeless the 10 lot parcel at 21st and Stout. They constructed a very attractive residential development that has been very successful and a nice project for the neighborhood.
Last year St Francis demolished the rat and drug infested Alpine Hotel and constructed an appealing contemporary residential structure right on the corner of Park Ave. and Curtis. This project has helped the area tremendously and it cleared out some crud to show developers that the neighborhood is truly revitalizing.
Both projects are great news for BallPark and The Arapahoe Square. It is proof that the financial markets are thawing and peoples expectations are moving in the positive range.
The first and largest of the projects are David Zucker's 2020 Lawrence, Residential High Rise Project. I have been on the sidelines watching this development evolve over the last 5 years through perhaps the most difficult economic times in our Country. It started with the acquisition of the first 6 lots from Judy McNutt who had bought the old grafiti'd up garage and two dirt lots. Judy had plans for her own redevelopment but David made her and her partners an offer they couldn't resist. David's company planned a great looking, state of the art 60 unit condo project on the site and got caught in the total meltdown of the residential condo market which I'm sure he is very glad today he pulled the plug on the smaller project.
Somehow David mustered the energy and resources to not only keep the project alive but triple its size by the assemblage of the remainder of the block. The site now encompasses 14 lots and will support a residential rental development of approximately 250 units. This project will anchor the BallPark Neighborhood and be a catalyst for future development in the Arapahoe Square. Stay tuned for updates on 2020 Lawrence Street.
The second project that is in the final stages fo preparing for construction is the Salvation Army's development of the site at 21st and Champa, adjacent to its downtown headquarters. Like 2020 Lawrence, this development has been years in the making. It started with the purchase of the 4 corner lots from the Dimitrov Estate over 5 years ago. The next move was to acquire the 2 inside lots from the Bonilla Family that I had sold them several years prior. The Salvation Army Development has been held up due to typical economic issues that all new construction projects have had to deal with. The Salvation Army gave notice to its parking tenants last week that they would need to find alternative parking.
Some property owners might be getting concerned about the recent developments in the area for low income housing. There should be no concern as these developments have all been high quality projects taht have helped the area in very positive ways.
In 2003 I sold the Colorado Coalition for The Homeless the 10 lot parcel at 21st and Stout. They constructed a very attractive residential development that has been very successful and a nice project for the neighborhood.
Last year St Francis demolished the rat and drug infested Alpine Hotel and constructed an appealing contemporary residential structure right on the corner of Park Ave. and Curtis. This project has helped the area tremendously and it cleared out some crud to show developers that the neighborhood is truly revitalizing.
Both projects are great news for BallPark and The Arapahoe Square. It is proof that the financial markets are thawing and peoples expectations are moving in the positive range.
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