Monday, May 19, 2014

Capitol Hill Project: Colfax Marketplace

If you looked closely at the map from the September 2013 Residential Boom Update, you may have noticed there are a couple of projects we haven’t covered yet here on DenverInfill. Today, we are going to look at one of those projects; a new 74-unit apartment building, named Colfax Marketplace, going up in the Capitol Hill neighborhood. This project will be situated on the southeast corner of Colfax Avenue and Corona Street. Here is a map with the project site outlined.

Here is a conceptual rendering of the project courtesy of KTGY. Even though this isn’t the final design, this apartment building will have a modern design with brick and stucco for the exterior materials. Since the Colfax Marketplace will face Colfax, which is zoned as a main street, there will be ground floor retail along the entire building.

Right now on the site there is an old 3-story building, that used to house Smiley’s Laundry, and a parking lot. Recently, Slipstream Properties, the developer of Colfax Marketplace, bought the 3-story building and will be renovating both the 28 apartments and the 7,000 square feet of already existing ground floor retail space.

Units in the 3-story building will be a combination of studio and one-bedroom units ranging from 400-600 square feet in size with monthly rents between $800-$1000. Unit sizes and pricing are not yet available for the new 5-story building which is expected to break ground in March 2014 with completion in the Fall of 2015. East Colfax is going through a huge transformation and each infill or adaptive reuse project is helping restore what Colfax used to be; Denver’s Main Street.

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