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AS Transit Oriented Deve opment<br />
Status Report 20<strong>07</strong><br />
Welton Downing Corridors<br />
20th We ton 25th We ton 27th We ton 29th<br />
33rd Do wning and 35th Do wning Stationsl<br />
We ton <strong>30</strong>th<br />
Downing<br />
The historic Five Points and Curtis Park neighborhoods have seen dramatic levels of invest<br />
ment and redevelopment since light rail service was first established along the Welton Street<br />
corridor in 1994 209 residential units 102 600 square feet of retail and 40 000 square<br />
feet of cultural space have either been built or are currently under construction and another<br />
594 residential units and <strong>11</strong>000 square feet of retail have been proposed Nearly 20<br />
440 of the new and more than 50 <strong>30</strong>3 of the proposed residential units are considered<br />
affordable either through the redevelopment of existing Denver Housing Authority DHA<br />
facilities or new infill projects by community development groups<br />
For example DHA in 20<strong>07</strong> completed the first phase of its Park Avenue mixed income re<br />
development near Court Place consisting of 124 81 affordable apartments When com<br />
plete in 2010 the project will encompass an estimated 653 residential units of which 290<br />
144 are planned to be affordable New activity among market rate projects includes Erik<br />
Osborn s5140 million One Lincoln Park project currently under construction at 20th and<br />
Welton streets The32 story tower will have 186 luxury condos and is expected to be com<br />
plete in 2008 See Exhibit 36<br />
Exhibit 36 One Lincoln Park<br />
Construction is moving ahead on the 5140 million<br />
One Lincoln Park project<br />
The32 story tower puts<br />
186 condos right at the 20th Welton Station<br />
Draft 1 37 December 20<strong>07</strong><br />
Rev 2
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