DENVER – Real estate development companies Confluence Companies and Palisade Partners are pleased to announce the topping-off of The Lydian, an eight-story mixed-use development at 26th and Welton, in downtown Denver’s historic Five Points neighborhood at 2560 Welton Street.
The project, valued at $50 million, includes 129 apartment residences (with 22 of the units being affordable at 60 percent AMI), 15,000-square-feet of office space and 9,000-square-feet of ground floor retail space. It is scheduled for completion in the spring of 2018. Colorado-based Confluence Companies — which has completed 21 residential multi-family projects in the Denver Metro Area since 2010 with more than 2,100 total units, and has five other projects planned or currently under development — is co-developing The Lydian with Palisade Partners. The architect is Craine Architecture.
“The Lydian is located one block from the historic Rossonian Hotel, in the heart of Five Points, one of downtown Denver’s most rapidly emerging and desirable places to live and work, said Tim Walsh, founder of Confluence Companies. “Along with Palisade Partners we’re proud to be among the first developers to play an active and prominent role in the neighborhood, and we’re looking forward to delivering a signature project for the entire community. A project of this complexity took years in the making and a partnership with DURA, OED, and 1stBank to finance.”
The Lydian is on the light rail stop at 26th and Welton, providing residents and office tenants with easy access to DIA, Union Station and the entire light rail system. The building itself will include a two-story lobby with an open marketplace for shopping, a pool and pool deck on the third floor, a fitness room, and a conference room. The apartments will range in size from studios to one and two bedrooms. Ten penthouse units will also be available on the top two floors.
Image courtesy of Craine Architecture.