Denver is getting a new transit-based mixed use development featuring affordable housing, commercial space and a new library. The 2 acre parcel of land, purchased by the Urban Land Conservancy (ULC) is located along west Denver’s FasTracks light rail corridor. "We see this site as a strategic gateway to the west Colfax Denver community, the mix of uses in this development will bring great economic benefit to the area which is essential to the revitalization of the neighborhood," said ULC’s president and CEO Aaron Miripol.
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ULC utilized the Denver Transit Oriented Development (TOD) fund to purchase the land. The TOD Fund is financed through a partnership of the City and County of Denver and Enterprise Communities Partners. The fund was set up to ensure that lower-income residents could still afford to live near transit even if property values rise.
The City and County of Denver will purchase a port of the land to build the west Denver library, which the ULC sees as the catalyst for the overall development of the neighborhood. "This is a perfect site for the new library. We are looking forward to working with the Urban Land Conservancy, our architect, Studiotrope, and the surrounding neighborhoods to design and build a library that will transform not only the entrance to west Colfax but also the broader community," said City Librarian Shirley Amore.
Although ULC is the master developer of the site, it will work with Del Norte Neighborhood Development Corporation for the development of residential and commercial space.