In addition to the many new condos, shops and restaurants headed to the
revamped Union Station area, 108 new affordable rental units can also be added
to the list. The Integral Group, LLC. has recently secured a deal to build a 108-unit affordable-housing rental development near
Denver Union Station. Joining a variety of more costly real estate
opportunities in the area, the affordable housing development will be close to
office space, transportation, entertainment and other activities that make downtown
living an inviting and convenient option.
Integral specializes in urban
residential developments, and plans to build the workforce housing development
at 18th Street and Chestnut Place, just north of Union Station. The company
developed the proposed deal in conjunction with the City of Denver, the
Colorado Housing Finance Authority and the hotel-transit complex's master
Under the deal with the city,
thirty-four units at the complex will be allocated specifically for households
with income at, or below, 50 percent of the area median income (AMI). An
additional 34 units will be available for those with income less than 60
percent of the AMI.
Plans for the four-story
development include one- and two-bedroom units, 146 parking spaces and other desirable
amenities such as a community room, fitness center and business center. Additionally,
a King Soopers is being built just across the street under a different apartment
According to Integral, the
company has always had a strong commitment to embracing mixed income
communities across the entire country. In fact, they’ve worked with Denver to
bring affordable housing to the popular Curtis Park neighborhood in the early
2000s. Integral CEO Egbert Perry said
that Denver’s Union Station neighborhood creates the perfect environment for a
sustainable and healthy community that is connected to jobs, has access to
transit and provides integrated economic options for families.
Author:Ken Blevins Phone: 720-255-7242 Dated: January 29th 2014 Views: 1,052 About Ken: Ken Blevins, Chief Executive Officer of Metrowest Real Estate Services, is a veteran in mortgage and...
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