Construction launches on Evans Station Lofts
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.
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.