The recently formed Golden Triangle Partnership wants to turn the neighborhood that houses the Denver Art Museum, Denver Public Library and Civic Center Park into an "international destination for art and culture."
Part of that plan includes adding taller, denser developments to the community, said Leslie Horna, executive director of the partnership. Six projects are currently planned or under construction in Golden Triangle that could bring hundreds of new residents and visitors to the area.
The Golden Triangle Partnership officially formed in January to combine the functions of the former registered neighborhood organization and the museum district in the area, Horna said. The nonprofit is tasked with marketing and advocating for the area, adding and maintaining infrastructure and developing a membership model.
"The Golden Triangle is a little more affluent and upscale area of Denver," said Spencer Stuart Jr., Legacy Partners' senior managing director for Colorado and Texas.
Legacy Partners and others are developing in the area because they can command higher prices for rentals and housing units and meet the demand of people who want to be near downtown Denver.
Horna and the partnership hope eclectic retailers and restaurants will follow the new residents coming in.
Here are the projects Legacy Partners and others are bringing:
Legacy at Speer
Legacy Partners is building the seven-story, 322-unit apartment building Legacy at Speer at the southeast corner of Speer Boulevard and West 14th Avenue.
The California-headquartered development company hopes to open the roughly $63 million building during early 2018, said Spencer Stuart Jr., Legacy Partners' senior managing director for Colorado and Texas.
Legacy at Speer will have mostly one and two bedrooms. The average rent prices for the apartments will be around $2,300, Stuart said.
Kirkland Museum of Fine & Decorative Art
The Kirkland Museum of Fine & Decorative Art plans to open in its new location sometime during the fall. The museum didn't immediately provide the cost of relocating the more than 100-year-old structure from 1311 Pearl St. to 1201 Bannock St. Land alone cost $7.7 million, according to the museum.
The new location gives Kirkland Museum more display space and puts it within walking distance of the Denver Art Museum, Clyfford Still Museum and History Colorado Center.
The galleries will be located on the first floor of the new building, administration offices on the second and archives and collections in the basement, said Maya D. Wright, communications manager and historian at Kirkland Museum.
Watch some of its highly visible move across town here.
Speer Boulevard Lofts
Greystar is building the 16-story, 302-unit Speer Boulevard Lofts at the north corner of Speer Boulevard and Bannock Street. The Charleston, North Carolina-based developer plans to complete the $100 million apartment complex by July 2o19. Retail space is expected to be included in the building.
The lofts will be targeted to professionals that want to be close to Denver Central Business District, Cherry Creek and Capitol Hill, said Mai Olaussen, director of development and construction at Greystar.
Acoma Duplexes
Denver-based Moonstar Investments is building three duplexes (six, three-bedroom units) at the southeast corner of Acoma Street and West 10th Avenue.
"These will be Cherry Creek quality units just not in Cherry Creek," said Scott Axelrod, president of Moonstar Investments.
Axelrod plans to sell the duplexes for around $1 million, he said. Construction is expected to take a year to 14 months and coincide with Moonstar building 15 townhomes across four buildings at 1010 Acoma St.
Eviva Cherokee
The Atlanta-based Integral Group is responsible for the building going up at 1250 Cherokee St. The 18-story Eviva Cherokee apartment tower will contain 274 units, according to the Dallas-based project designer, The Beck Group.
A sign on the building states pre-leasing is ongoing.
"We plan to have the first phase of the building open for residents the end of March," said Martin Willie, development manager at Integral. "The industrial chic aesthetic of the building will appeal to millennials, baby boomers and empty nesters alike."
13th and Delaware Street Apartments
A 14-story, 176-unit micro-apartment building has been proposed for the southwest corner of West 13th Avenue and Delaware Street, according to a site development plan filed with the city Jan. 27.
Last summer, Argyle Golden Triangle LP paid at least $3.3 million for the properties at the corner, according to city documents. The company registered to the same address in Austin, Texas as the real estate investment firm Cypress Real Estate Advisors.
Cypress didn't return multiple inquiries about the project.
Denver Art Museum's North Building
In December, the Denver Art Museum announced plans for a $150 million renovation of its North Building. On Wednesday, the museum said Anna and John Sie pledged $12 million for a new welcome center that will be named after them as part of the project.
The DAM’s North Building project aims to unify the museum’s campus and make key improvements to sustain its operation and relevance into the future.
Construction is expected to start in 2017 and be completed in 2021.
This article has been corrected to indicate the right corner where Legacy at Speer is planned it's the southeast corner of Speer Boulevard and West 14th Avenue.
Business & data reporter Adrian D. Garcia can be reached via email at [email protected] or twitter.com/adriandgarcia.
Subscribe to Denverite’s newsletter here.
