New development adds luxury townhouses and condos
The West Colfax neighborhood continues to grow and diversify as old commercial sites become housing and mixed-use projects.
“It’s interesting to see the region change over the past two years,” says Megan Porter, Real estate agent 8z. “The region has been revitalizing for some time and we see no signs that development will slow down anytime soon. ”
Porter says the neighborhood, named for its main thoroughfare, attracts a mix of home buyers, including young professionals, young families and first-time buyers. It also appeals to investors and developers looking for their next opportunity.
With a median closing price of $ 599,000, properties have appreciated 11% in the past year and remain on the market for seven days, Porter said.
Allie Carlson, West + Main management broker, says development in the area south of Sloan’s Lake is driving up prices and beautifying the neighborhood. “We’re seeing pockets where prices are approaching $ 900,000 to $ 1 million,” she says.
In addition to the area’s traditional single-family classic bungalows and brick Tudor homes, the new development adds contemporary townhouses, townhouses, duplexes and condos.
New development projects in the neighborhood include Aspen line, a luxury townhouse project with rooftop terraces, and House by the lake, a 12-story condo project at 4200 W. 17th Ave. which overlooks Lake Sloan and will become Denver’s third metro location for ChoLon modern asian bistro.
An active and prosperous neighborhood
The active district offers recreational opportunities at Sloan Lake and easy access to downtown and the Denver Tech Center via Colfax Avenue or the light rail. It’s also an easy ride to get to the mountain.
With its urban and hip vibe, the neighborhood offers an eclectic mix of dining options including Alamo Drafthouse Cinema Sloans Lake, Sidewok Café, Frank’s Bar-B-Que, Odell Brewing Sloan’s Lake Brewhouse & Pizzeria, The Patio at Sloans, El Consome From Morelos, the Los Mesones restaurant, the original Big Daddy’s Pizza and Mizuumi Ramen & Sake.
The West Colfax Business Improvement District was formed in 2006 to help implement the goals of the West Colfax plan. The group’s priority was to promote the adoption of Main Street zoning along busy Street, which was originally connected to central Denver via the streetcar.
The group continues to promote business expansion, investment, development and neighborhood revitalization as it strives to make West Colfax Avenue Denver the sustainable Main Street.
A long story
The West Colfax Association of Neighbors, known as WeCAN, serves the neighborhood by bringing neighbors together through a mix of social events and volunteer opportunities, including two days of neighborhood clean-ups and tree planting. in spring.
Although WeCAN was founded in 2009, the Denver neighborhood was incorporated in 1887. The neighborhood street of the same name was originally known as Golden Road and was the main corridor between Golden and Denver. The Colfax-Larimer Viaduct was built in 1917 to connect the neighborhood to downtown Denver.
In 1938, Colfax Avenue became part of the transcontinental route known as US 40. Colfax Avenue, a 26 mile stretch from Aurora through Denver and Lakewood to Golden, remains the longest street in the United States. United.
The Denver Post news and editorial staff played no part in the preparation of this post.