DENVER-Locally-based developer Fuse Living hosted a groundbreaking ceremony for Clarkson Green, the first official residential development of the greater Five Points Redevelopment Plan. The project will feature single-family LEED certified market rate homes representing the next phase of economic activity and growth in the area.
Mayor Michael B. Hancock attended the groundbreaking event and said that “Five Points boasts an illustrious past and an even more vibrant future.” He added that “Clarkson Green is exactly the type of smart development that will help drive transformational investment and growth for this historic part.”
Located in the Five Points neighborhood, the homes will sit two blocks away from the epicenter of Five Points and the Welton Corridor, and walking distance to Lower Downtown, according to a prepared statement.
Denver's Five Points Corridor is an emerging multi-cultural entertainment and business district rooted in African-American history and looking to become a destination for arts, culture and entertainment, according to the statement. Located along a light rail corridor on the northeast edge of Denver, the district offers quick access to downtown and adjoining neighborhoods. Numerous planning, transportation and streetscape projects have been completed over the past 10 years to help realize this culturally vibrant vision. The supporting neighborhoods are growing at a rapid rate, with a 49% increase in households between 2000 and 2006.
“I was really inspired by the Five Points Redevelopment Plan,” notes Clarkson Green developer Shannon Harris, president and co-founder of Fuse Living. “With urban revitalization, sustainability, and community connectivity at the core of our business, we felt this site was a seamless fit into our overall vision as a growing company. This new development will be a perfect complement to the Five Points community, which is a sophisticated mix of affluent culture and new urbanism.”
Green building has been described as a 'win-win' offering both environmental and economic benefits, explains Angie Fyfe, executive director of the US Green Building Council Colorado, in a statement. “As we know, sustainability requires balancing environmental, economic, and social concerns. The inclusion of social issues in our green building work presents opportunities for growth and innovation in our industry. USGBC Colorado is pleased to partner with the Five Points neighborhood to benefit the Women's Bean Project.”
As GlobeSt.com previously reported, the area is hot for multifamily development. The Urban Land Conservancy, in partnership with the Piton Foundation and Gary Community Investment Co., City of Denver and U.S. Department of Housing and Urban Development, recently purchased 9.4 acres of land at Smith Road and Colorado Boulevard in Northeast Park Hill. According to the Urban Land Conservancy, the land will be used to develop 156 permanently affordable apartments and additional assets to benefit the community.
GlobeSt.com could not obtain construction costs by deadline but will update the article as more information becomes available.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
