Hundreds of homes will supplant a cluster of parking lots, low-slung office buildings, a vacant motel and an industrial site within walking distance from Colorado Station following a Denver City Council decision Monday night.
Homebuilders operating under the company name CREA-Flywheel Evans LandCo LLC asked elected officials to allow five- and eight-story buildings on a little over five acres of land near I-25 and Evans Avenue in University Hills. Council members approved the request 12 to 0, with Councilwoman Candi CdeBaca absent.
Developers say they will build 510 apartments and condos. Fifty-one of them will be attainable for people making 80 percent of the area median income, or $59,400 for a household of two. Homebuilders have signed a neighborhood agreement with locals and a legally binding development agreement with the City and County of Denver.
About 30,000 square feet of land will become open space, with 20,000 of it reserved for parks, a company rep told Council in October.
Before Monday, three stories were allowed on some of the properties, while five stories are allowed on others.
It might take a couple of years, but Colorado Station may just move up in the TOD Power Rankings.
