Say Goodbye to Elitches and Hello to Affordable Housing!

Dated: December 18 2018

Views: 273

Elitches in Denver Colorado has been approved by the city to repurpased for some brand new developments!  The River Mile project won crucial approvals of the Denver City Council with votes on Monday night that drew a broad portrait of the district-sized redevelopment plan.

The council approved a development agreement and a rezoning for the 58-acre property, which is currently home to the Elitch Gardens amusement park.

The change gives developer Rhys Duggan high-level approvals for a plan to build roughly 8,000 residential units and some of the city’s tallest buildings along the South Platte River.

City planners say they’re trying to encourage a “human scale” development for a new urban center. They’ve created new zoning types — or sets of development rules — for River Mile.

“Really, the goal of these is to make sure that even though we’re allowing taller buildings, we want to make sure we protect access to the sun, sky,” said city planner Kristofer Johnson. “We want to limit the shadows and impacts along the streets and really help to break down those larger buildings to a more human scale.”

The developer has agreed to set aside 15 percent of the new housing as “affordable” units at a mix of income levels, starting as low as 30 percent of the area median income, or $24,300 for a family of three.

“It’s many thousands of units (in total), and we’ve generally projected that somewhere between 700 and 1,000 of them would be affordable,” city planner Abe Barge said at an earlier meeting.

The developer has mentioned buildings up to 59 floors in early plans.

The new zoning doesn’t set a specific height limit for the densest parts of the plan. However, building above five floors would also require building affordable units. For example, a 12-story tower with 180 housing units would have to come with 14 affordable units nearby. (Office buildings could pay a fee instead.)

The River Mile project won crucial approvals of the Denver City Council with votes on Monday night that drew a broad portrait of the district-sized redevelopment plan.

The council approved a development agreement and a rezoning for the 58-acre property, which is currently home to the Elitch Gardens amusement park.

The change gives developer Rhys Duggan high-level approvals for a plan to build roughly 8,000 residential units and some of the city’s tallest buildings along the South Platte River.

City planners say they’re trying to encourage a “human scale” development for a new urban center. They’ve created new zoning types — or sets of development rules — for River Mile.

“Really, the goal of these is to make sure that even though we’re allowing taller buildings, we want to make sure we protect access to the sun, sky,” said city planner Kristofer Johnson. “We want to limit the shadows and impacts along the streets and really help to break down those larger buildings to a more human scale.”

The developer has agreed to set aside 15 percent of the new housing as “affordable” units at a mix of income levels, starting as low as 30 percent of the area median income, or $24,300 for a family of three.

“It’s many thousands of units (in total), and we’ve generally projected that somewhere between 700 and 1,000 of them would be affordable,” city planner Abe Barge said at an earlier meeting.

The developer has mentioned buildings up to 59 floors in early plans.

The new zoning doesn’t set a specific height limit for the densest parts of the plan. However, building above five floors would also require building affordable units. For example, a 12-story tower with 180 housing units would have to come with 14 affordable units nearby. (Office buildings could pay a fee instead.)

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Generation Property Group

My name is Michael Ross Steffen. I’m an Exit Realty Cherry Creek Agent in the Denver metro area and Team Leader For Generation Property Group! We specialize in advanced Internet marketing, buying, s....

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