The Denver Post
Amid an explosion of galleries and dining, Golden Triangle has everything but townhomes, save for a rare pre-sale today
Over the decade since Daniel Libeskind’s daring wing of the Denver Art Museum opened, everything you could have imagined for downtown’s Golden Triangle district has arrived: a private gallery scene, including Sandra Phillips and Gallery 1261; trendy dining from Lo Stella Ristorante, to Charcoal, to Cuba Cuba; nightlife at places like Dazzle, Vinyl and City Hall; and even Tony’s Market, with Trader Joe’s nearby. What Golden Triangle HASN’T got are any new street-level townhomes like the ones so popular in Highlands or LoHi – but that changes today with a rare offering, headed for Elati Street at W. 13th.
“Developers have done few townhomes in Golden Triangle because the density favors the economics of high-rise buildings with condos or apartments,” says Liz Richards with Kentwood City Properties, who along with Deviree Vallejo will launch a pre-sale event today for Triangle 22 on Elati. The site at 13th and Elati shows only the new foundation now (it goes vertical next week); but Richards and Vallejo will have plans, finish samples and exact pricing to view today at Kentwood City Properties’ LoDo offices, 17th and Wynkoop, from 2 p.m.-4:30 p.m.
All stars are in alignment for this project, adds Vallejo: Support from Golden Triangle neighbors for a “front-door community” rather than another big tower; architecture that delivers unusually wide units (some 22 feet wide) with light corridors between buildings; and, strong demand for reasonably priced purchase units, driven by one what’s become one of the most expensive apartment markets in the city. Prices today start in the $590s for units sized just under 1,700 square feet, to the $720s for ones nearing 2,000 square feet.
Three years ago, Vallejo and Richards sold a similarly scaled townhome project a few blocks south of here in a market nowhere near as highly charged as this one. They sold rapidly, mostly to the same kinds of buyers likely to make short work of this offering – ones trapped now in smaller rental housing. “Renters love this neighborhood, and they want to stay here when they buy,” says Vallejo. “There are no new townhomes in downtown, few in Uptown and some in LoHi at much higher prices.” Golden Triangle’s allure, she adds, is growing now in light of some auspicious developments: another boutique hotel arriving; and the sale of the eyesore block of bailbond houses west of the DAM.
Today, you can go over finish boards, including details for quartz solid-state kitchens and baths; the community plan; and detailed floor plans for homes, each with two priceless goodies you won’t find on any rentals: two-car attached garages, and a rooftop terrace already structured and plumbed for a hot tub, with views into the downtown skyline. Richards and Vallejo will be at the offices of Kentwood City Properties in LoDo right after the game, 2 p.m. until 4:30 p.m., at 1660 17th St. (17th & Wynkoop), Ste. 100. You can reserve a unit for a small deposit today.
For more details, please visit Triangle22onElati.com, or call 303-931-0097 or 303-956-2962.