Plans are in the works for the construction of a new condominium project that will go up in Denver’s well-known Clements Historic District, populated with mansion homes from the 1800s.
The project is being developed by PSW Real Estate, an Austin-based company specializing in both residential and mixed-use projects, as well as urban infill development.
As envisioned, the five-story condominium project will be built on a site that is currently being used as a parking lot.
That 0.79-acre site, at 2137 Glenarm Place, was purchased by PSW Real Estate in February for $3.7 million.
It could cost anywhere from $16 million to $20 million to build the new property, depending upon its ultimate final size.
Speaking with the BisNow Denver, Chris Auxier, the director of acquisitions and development for PSW, said the Glenarm Place project is the first of “several developments we have in the pipeline in the Denver market.”
The project is expected to feature two-bedroom units measuring in size from 800 square feet to just over 1,000 square feet. Also included in the project’s plans is underground parking space.
Designer is Craine Architecture of Denver, with a practice focus on residential and multifamily communities.
The developer is currently in the process of conducting public outreach meetings on the project with Clements District residents.
By Garry Boulard
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