To get a sense of why you should care about the 800 new homes that Renzi Development is planning to put at 1901 Arapahoe Street, we have to look back for a second.
In the last quarter of 2016, Denver home starts were up, according to Metrostudy. At the time, John Covert, Director of Metrostudy’s Denver region, pointed to a new condo project:
“One example is the launch of East-West Partner’s condo project, the ‘Coloradan’ which is next to Downtown Denver’s Union Station and consists of 342 units. This is by far the largest new condo project this market has seen in the last 10 years.”
Now we have a new 800-unit development, dubbed Paradise Living, is more than double the size. Plus there’s another 30,000 feet of retail in the works, which a bit more than half of a football field. So this is a big, two 40-story towers type of deal.
Sidebar: You can tell these developers are from Miami as they’ve included a palm tree in one of the renderings. There’s also a pineapple front and center on their website.
As for amenities in the building, there are three swimming pools planned, plus all the stuff that goes in that 30,000 square feet of retail: two restaurants, bars and more.
If you want to live there already, the Colorado Real Estate Journal reports units are planned to be priced from the mid-$200,000s to more than $1 million. The developers hope to have project finished in fall 2019.