MixedUse Facility Being Constructed In Five Points Colorado

MixedUse Facility Being Constructed In Five Points Colorado

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Construction of an eight-story, mixed-use development is now underway in Denver’s historic Five Points neighborhood. The Lydian, a $40 million property is being developed by the Golden-based Confluence Cos. and Palisade Partners, and will include 129 apartment units, 15,000 square feet of office space and 9,000 square feet of ground-floor retail space.


According to builders:

  • Apartment units will range in size from about 700 square feet to about 1,200 square feet

  • There will be approximately 107 market-rate units to average about $2.00 per square foot in rent. In other words, rents would start at about $1,400 a month.


As housing in Denver become more and more expensive, developers say the apartments at The Lydian will definitely will be a more affordable alternative to a lot of the new product being built in downtown and other nearby neighborhoods.


Millennials are typically prime target for apartment developers, but builders of They Lydian anticipate residents who are a little older – young professionals in their 30s, rather than those who recently graduated from college.


Are you looking for properties in the historic Five Points area? Give Metrowest a call – we’d love to show you around!


Dave Nelson Headshot
Author:
Phone: 303-591-6001
Dated: August 25th 2016
Views: 374
About Dave: DAVE NELSON, 4-time 5280 Magazine 5 Star Real Estate Professional. Dave’s career in real estat...

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