The busy intersection at Colorado Blvd and Evans Avenue could see a massive 264 unit mixed-use apartment building with 5,000 square feet of ground floor retail space.
The site consist of five parcels totaling 1.78 acres. The frontage along Colorado Blvd and Evans Avenue leaves room for various building configurations making this an extremely attractive site for developers.
Currently, the site consist of a single story retail building occupied by a dry cleaner and liquor store that will certainty be demolished once final plans are approved.
The site was purchased by "Z Portfolio" back in 2015 for an undisclosed amount. The operators of Z Portfolio was revealed to be Q Factor, a national development firm with projects in Colorado, Utah, Detroit, Montana and New York.
The civil engineer on the project will be Kimley-Horn, a well-known powerhouse with various private and public infrastructure projects across the US.
Back in 2019, a Denverchannel news article revealed that Q Factor requested a zoning change from CMX-8 to CMX-12 that would permit a 12-story tower rather than the 8-stoies that could've been developed as of right.
The original development plans called for a 120-130 room hotel tower next to a 86 unit residential tower. However, with the uncertainly looming around hospitality, it appears plans have shifted to the current plan of 264 residential units above 5,000 square feet of retail space.
With the addition of 264 units at this busy intersection, questions arise around increased congestion and parking issues.
We expect the development to include sufficient parking in order to get passed the approval process, but were curious how Q Factor will navigate the traffic flow to avoid congestion around the site.
Once complete, residents will have excellent access to the University of Denver, Interstate 25 and the multitude of retail along S Colorado Blvd and Evans Ave.
We'll check back with updates and renderings once released!