On Friday, April 14, Northeast Denver Housing Center (NDHC) will hold a ribbon-cutting event to celebrate the grand opening of the Central Park II Apartments and the Central Park III Apartments — as well as the construction start of the Central Park Condominiums — at 3500 N. Uinta St. in Denver.
Combined, Central Park Apartments offer more than 200 units of affordable rentals, with a 500-person wait list that is actively being converted to leases by Ross-Envolve, the property management company. The Central Park Condominiums, located at the northeast corner of Central Park Boulevard and 57th Avenue, will bring 70 units of affordable homeownership to Colorado. Set to open in early 2024, 55 units are reserved, with only 15 units remaining.
Central Park Apartments are just steps away from the Central Park Light Rail Station and are located near bustling commercial areas that house businesses such as Sprout’s Farmers Market. These projects were made possible with funding from Brookfield Properties, who generously donated the land, 4% LIHTC tax credits and 9% LIHTC tax credits from the Colorado Housing and Finance Authority, RBC Community Investments, FirstBank, and the State of Colorado Division of Housing and City of Denver Gap Funding. With their help, the development team, comprised of the non-profit developer Northeast Denver Housing Center, Cuningham Group Architecture, and Palace Construction, was able to move quickly, securing funding and starting construction on the homeownership project while completing the construction of the two rental projects within 12 months.
Serving households between 30% and 60% of Denver’s area median income (AMI) at the two newly constructed apartment properties, units vary in size from studios, one-bedroom, two-bedrooms, and three-bedrooms. Rents range between $614 and $1,755 depending on unit size and AMI. Meanwhile, the Central Park Condominiums serve households between 60% and 80% of Denver’s AMI, with all two bedrooms, two bathrooms, and two reserved parking spaces. Sales prices start at $225,000. All three projects will provide a range of housing options in the Central Park community, with a focus on larger units that can accommodate families. 40% of units at the Central Park II Apartments are three-bedroom units.
Units at all three properties contain large windows allowing natural light to reach all parts of the units, enhancing daylighting and views while decreasing energy costs and usage. All of the units have private patios, metal balconies, or Juliet balconies. The buildings’ exteriors are made of brick and metal, long-lasting, durable materials. The apartments and condominiums will also have secured limited access entry with private entrances located on interior stairwells with access to twelve units per stairwell. Since the apartments and condominiums are not located on long double-loaded corridors, cooking odor and noise issues will be minimized, along with reduced common area energy usage. An indoor/outdoor community club room and playground are available at all three properties, with an additional urban orchard at Central Park Condominiums, for residents to utilize as gathering spaces for social activities and rest.
Northeast Denver Housing Center is a forty-year-old non-profit community development corporation experienced in the design and construction of quality affordable housing. Organized in 1982 to serve the Denver metro community, NDHC’s mission is to create sustainable, healthy housing and development opportunities for underserved households through outreach, education and economic development programs and projects. NDHC leads locally and nationally with a long record of success in developing energy-efficient and sustainable award-winning affordable housing.
