Two older commercial buildings and three single-family homes running along Santa Fe Drive in Denver may soon be demolished in order to make way for a new ambitious condominium project.
The First Stone Development company of Denver is proposing to build a single, five-story structure that will house up to 117 individual condominium units.
The proposal comes as Colorado is witnessing a dramatic increase in condominium construction across the state due to a new state law making it more difficult to sue the developers of such spaces for structural defects.
The new Denver project will go up in the 600 block of Santa Fe Drive and will also include roughly 11,000 square feet of retail space on the ground floor.
The condominiums themselves will be both efficiency apartment size, as well as one and two-bedroom units. Also planned: two penthouse units that will come with their own rooftop space.
In total, the new structure is expected to measure around 11,000 square feet.
The owner of First Stone Development, Lenny Taub, purchased the just-over one-acre Santa Fe Drive site in the spring of 2018 for $2.6 million.
Plans for the project are still awaiting city approval.
Denver’s Lincoln Park area, some two miles to the south of downtown Denver, comprises one of the oldest residential neighborhoods in the city, with homes dating to the mid-19th century.
By Garry Boulard
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