Construction launches on Evans Station Lofts

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vivian e. vigil said:

I wish I was the one to purchase the both of them because if I did I'd make it into a low income housing project and let all my friends move in :)
CREJ said:

The project is anticipated to be completed in spring 2014.
Anonymous said:

When is this project expected to be finished?
JD Crouse said:

HI Kris, Loan Investing has been a wonderful strategy for my company over the last 5 years. I've been able to buy multiple loans in my own back yard from banks and sellers who had carried back a note. The returns have ranged from the low to high double digits with a high level of security (20 - 60 % LTV). I don't see loan sales slowing for a long time for no other reason that we have 20 years worth of FDIC 'loss-share' assets waiting to be disposed. Thanks for the article! JD Crouse http://LoanInvestingBlueprint.com

17 August 2012 | Posted in Multifamily, Construction, Design & Engineering

The Urban Land Conservancy and Medici Communities LLC celebrated the construction launch of workforce housing located at the Evans Light Rail Station in south Denver. This development will bring 50 new affordable rentals to the Denver market and represents the first Transit-Oriented Development Fund project currently under construction.

In June 2011, ULC purchased the property at 2140 S. Delaware Street for $1.2 million using the TOD Fund, a fund created to preserve land near transit stations for workforce housing. In May 2012, ULC sold the land to Medici, which was awarded $1,05 million in annual low-income housing tax credits from the Colorado Housing and Finance Authority. Wells Fargo and Richman Capital were recognized at the groundbreaking event as investors in the tax credits awarded to Medici, Wells Fargo also is an investor in the TOD Fund.

View all posts by Jennifer Hayes

Jennifer Hayes has been an Editor with the CREJ for more than 12 years. Jennifer covers all commercial real estate news for all property types in the Colorado Springs/Southern Front Range and the Western Slope/Mountain Town areas. Jennifer also is Editor of the Construction/Design/Engineering section, the Economic Development section and the Shopping Center section.

Before joining the Colorado Real Estate Journal, Jennifer served as the Assistant Sports Information Director at Texas A&M-Commerce. She earned her bachelor's degree in broadcast journalism from the University of Colorado and a master's degree in education from A&M-Commerce.

When not bringing you the latest in commercial real estate news and views for the Denver area, Jennifer enjoys spending time with her husband and son, sports, dining out, reading, and perfecting her cookie and cupcake icing technique.

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