Christie says the neighborhood, with the city's help, largely has cleaned up its act in recent years. His property is just a few minutes drive from such hot neighborhoods as Lower Downtown as well as a mere two blocks from the light rail line, which currently links Denver to the southwest suburbs.

Units will start at $139,900 and go up to $225,000, which is comparable for most new condo construction in the inner city, he notes. Units range in size from 515 sf to 1,000 sf.So far, he's taken reservations for five of the units. "I thought mostly men would be the buyers, but I've been surprised that it's been mostly women buyers," he says. "We've pre-sold to three women and two men."

He's also surprised that not everyone who's bought is a Downtown worker. "I sold one unit to a guy who works in the Denver Tech Center, but he only has to go to his office once a week," Christie tells GlobeSt.com. "He's not exactly a telecommuter, but he is more flexible. I think we're going to see more of that."