McLaughlin Enterprises is considering demolishing its four-story 1972 McLaughlin Engineers offices at 2420 Alcott St. and building a massive new apartment building -- the latest proposed development expanding the city center west of I-25.
The Presence Design Group has submitted concept plans to Denver Community Planning and Development on behalf of the owner. That includes a detailed look at what might be to come on the half-acre site. Concept plans are the first step in proposing a new project and are far from a complete vision. But they do give hints about what the future could look like.
The lot is just off of I-25 at 24th and Alcott streets, adjacent to the Alcott, a luxury apartment complex.
A realtor representing McLaughlin Enterprises declined to comment on the plans.
The proposed building would create roughly 129,000 square feet of residential space, along with 162 units, 162 parking spaces and rise a total of 12 stories.
The adjacent luxury complex, The Alcott, is another 12-story apartment building with open-plan living areas, luxury layouts, a swimming pool and more -- part of the ongoing expansion of central Denver.
New proposals such as this one come as welcome news to those who want to see more density in the city.
In recent months, the number of new large-scale residential project proposals has dropped.
In part, that's because of higher interest rates and construction costs and Community Planning and Development's reputation for slow permitting times -- despite the agency's efforts to turn them around. Real estate leaders also point to changes in regulations that require developers to do more to create income-restricted housing -- rules that make building more expensive.
This project will not be 100% income-restricted housing, according to the plans.
