The home of Wonderbound dance company will get new neighbors — 700 or so — if a development at 40th Avenue and Clayton Street moves forward.
Iselo 40th Avenue LLC, the property owner, is asking the city to allow townhouses, apartments, retail and a new performing arts space on the 14-acre site at 2535 E. 40th Ave. Currently only industrial buildings can occupy the property.
It’s early, but between 60 and 70 homes would be attainable for artists and other residents who aren’t rich, according to Bill Moore, the project’s architect. Bruce O’Donnell, who represents the developer, said it’s too early to pin down a price point for those homes.
“A part of that northern part of the building is intended to also provide attainable artist housing, so performers would have housing there that would be, I would say, attainable or ‘small-A’ affordable,” O’Donnell said. “In addition it will include a live arts performance complex for the ballet and other uses, for community purposes, that kind of thing.”
“Limited retail” would support the residents, he said.
City planners say the general idea aligns with the Elyria-Swansea neighborhood’s 2015 plan for growth. Concentrating homes, businesses and other destinations near transit — the property is a 20-minute walk and 6-minute bike ride to the 40th and Colorado RTD station — is another city goal supported by the rezoning.