A concept plan has been submitted to the City of Denver for the construction of a new 8-story apartment building in the popular Capitol Hill neighborhood.
The project belongs to Palisade Partners, Inc., a mid-market real estate development firm specializing in mixed-use and multi-family projects.
The structure will go up on a just under half-acre site at 720 N. Grant Street in an area of town known for its historic 19th century mansions, new apartment development, and thriving arts and entertainment scene.
The site, which Palisade purchased some 7 years ago for $700,000, is currently the home of a one-story garage which will be demolished to make way for the new 118,000 square foot apartment building.
As planned, the project will house 110 units varying in size from one to two bedrooms, along with a smaller number of studio apartments.
A proposal to build a mechanical multi-level parking lift that could handle up to 80 vehicles is also being considered as part of the project.
Designer for the project is the Denver-based Crane Architecture, Incorporated.
Palisade is currently completing work on another project, this one called The Hooper, at 2600 Welton Street in Denver’s Five Points neighborhood.
That nine-story project, with more than 100 units, is expected to be completed later this year.
By Garry Boulard
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