W- Line hous­ing

Rowhome de­vel­op­ment to rise near Lakewood’s Sheri­dan Sta­tion

The Denver Post - - BUSINESS - By Emilie Rusch The Den­ver Post

TheW- Line’s first large- scale for- sale hous­ing de­vel­op­ment is set to rise start­ing this sum­mer near Sheri­dan Sta­tion in Lakewood.

West Line Vil­lage at West 10th Av­enue and Depew Street will feature 134 rowhomes in its ini­tial phases, a huge in­fu­sion of new hous­ing stock in Lakewood’s oldest neigh­bor­hood, Two Creeks, just west of Sheri­dan Boule­vard.

Prices in the tran­sit- ori­ented de­vel­op­ment will start in the high $ 200,000s and go up to the mid-$ 400,000s, de­vel­op­ers DIRC Homes, Trail break Part­ners and T. O. D. Prop­er­ties said. The av­er­age unit price will be in the mid-$ 300,000s,, with about 20 of the 134 rowhomes listed be­low $ 300,000.

“We re­ally wanted to cre­ate a large- scale com­mu­nity here of at­tain­able hous­ing,” said Paul Malone, pres­i­dent of DIRC Homes.

Con­struc­tion is sched­uled to get un­der­way in June on the 5- acre site, which sits be­tween West 10th and West 11th av­enues south of the Sheri­dan light- rail plat­form. The project’s mar­ket­ing web­site was sched­uled to launch Fri­day, and the first units should be com­pleted by the end of 2017.

Floor plans will range in size from 800 to 1,750 square feet, with ev­ery rowhome street fac­ing and al­most all with their own small yard. Stu­dio and one-, two- and three­bed­room lay­outs will be avail­able.

“An early goal for us was try­ing to meet the de­mand in the mar­ket­place for hous­ing that folks can af­ford to buy and that is well lo­cated and pro­vides ac­ces­si­bil­ity into town and out of town,” said Doug Elenow-itz, prin­ci­pal of Trail break Part­ners. “This is all mar­ket- rate hous­ing. There is no deed re­stric­tions or af­ford­abil­ity com­po­nent.”

In ad­di­tion to easy ac­cess to theW- Line, the site is also near the Dry Gulch/ Lakewood Gulch trails, which con­nect into the re­gional South Platte River Trail sys­tem.

“The Two Creeks neigh­bor­hood is one of the oldest neigh­bor­hoods in Lakewood. It’s a ter­rific com­mu­nity, but it’s hid­den be­hind what’s hap­pened on Col­fax over the de---

cades,” Elenowitz said.“We like it be­cause it lives more ur­ban than what most of Lakewood is, be­ing fur­ther out and sub­ur­ban in na­ture.”

And while Lakewood has seen newa­part­ments pop up along the W- Line in re­cent years, West Line Vil­lage is the city’s first ma­jor for- sale res­i­den­tial project to take ad­van­tage of the pub­lic ligh­trail in­vest­ment, said Robert Smith, Lakewood’s eco­nomic de­vel­op­ment man­ager.

Den­ver and Golden, the other two cities that theWLine crosses, haven’t seen any large for- sale res­i­den­tial tran­sit- ori­ented de­vel­op­ment projects since the rail line opened in 2013, ei­ther, of­fi­cials said.

In Golden, new TOD so far has been lim­ited to rental units. In Den­ver, there have been some for- sale builds near the Perry and Knox sta­tions, but they’ve all been pretty small in scale — a cou­ple of houses scraped to make­way for six rowhomes, for in­stance— a city spokes­woman said.

“It’s a re­ally tremen­dous lo­ca­tion, and the light rail made it amuch more de­sir­able lo­ca­tion,” said Smith, the Lakewood of­fi­cial. “You’ve got the Col­fax con­nec­tion, the U. S. 6 con­nec­tion and the world- class light rail right be­tween there. We’re ex­cited that Trail­break is com­ing out of the ground.”

West Line Vil­lage, near theW- Line’s Sheri­dan Sta­tion, will feature 134 rowhomes at West 10th Av­enue and Depew Street in Lakewood. Ren­der­ing cour­tesy of Trail­break Part­ners

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