Work may begin later in the spring on the building of a 13-story apartment complex that will go up in the 1100 block of Delaware Street in Denver’s historic Golden Triangle neighborhood.
The Denver-based Summit Capital Venture Group has announced plans to build a structure that will house 250 units and will also include roughly 2,000 square feet of retail space on the ground floor.
What is being called the Golden Triangle Apartments, to be designed by the architectural firm of Studio PBA of Denver, is expected to cost just over $90 million to build. Additional planned features: an 850 square-foot sky lounge that will additionally include co-working space, and both a swimming pool and fitness center measuring 2,000 square feet.
Summit Capital, which specializes in the development of multi-family projects, purchased the Delaware Street property last year for $5.4 million.
The site, in a neighborhood populated with multi-story residential structures, has for decades been the home to a series of one-story brick apartment houses, which will be demolished to make way for the new project.
Denver’s Golden Triangle neighborhood is one of the oldest neighborhoods in the city, with some residential structures dating to the late 19th century.
It is also one of the most in-demand locations for apartment living, with the average one-bedroom unit currently going for $1,800 a month—a 10% increase over 2020.
By Garry Boulard
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