108 New Rental Units Coming To Union Station

Dated: 01/29/2014

Views: 1144

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 developer.
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 structure.
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. 
Blog author image

Ken Blevins

Ken Blevins, Chief Executive Officer of Metrowest Real Estate Services, is a veteran in mortgage and default servicing with more than 23 years of experience in collections, foreclosure/bankruptcy, los....

Latest Blog Posts

Exploring Denvers Goldsmith Neighborhood

Bound by Yale, Evans, and Quebec, Goldsmith is a popular southern Denver neighborhood that offers an easy commute to different parts of the city, as well as a quiet and residential feel. Homes here

Read More

Denvers Real Estate Scene Becoming Better For Buyers But Its Still A Sellers Market

Denver can still be considered a seller’s market, however, homes are taking longer to sell in the Mile High City, and there’s also more to choose from, according to the September report from

Read More

Home Price Gains In Denver Fall Below National Average

After years of strong appreciation, home price gains in metro Denver are falling below the national average, according to Zillow, who said its Denver Home Price Index has risen 3.4% to $411,200 the

Read More

Neighborhood Spotlight Chaffee Park

Boasting above-average public schools and a variety of dining and entertainment options, Chaffee Park is rated the #58 best neighborhood in Denver, according to ranking site Niche.com. Niche

Read More