Tennyson 7 tour this Thursday.
One Realty broker Jeff Plous on Thursday will officially launch the Tennyson 7 Townhomes he is co-developing in the up-and-coming Berkeley neighborhood.
Plous will provide tours of the seven units under construction at 4539 Tennyson St., from 5 p.m. until 6 p.m. Prices start at $339,000 for a 1,530-square-foot unit. The most expensive unit is $375,000, with most of them priced around $350,000. Plous said that similar units in Lower Highland, or LoHi, are priced from about $460,000.
So far, one unit has been placed under contract, but Plous expects to sell at least one more this week. One of his partners is veteran developer Paul Stann.
Units have high-end, European-style fixtures. Each unit will have two bedrooms, 2.5 bathrooms, attached garages and energy-efficient heating and cooling systems.
“We’re close to everything,” Plous said, earlier. “Berkeley Park, where the city is spending millions improving it, is a half-block away. You’re walking distance from all of these great restaurants and coffee shops, 10 minutes from downtown and five minutes from I-70.”
He expects them to primarily to appeal “to people like me. Professionals in their late 20s and early 30s.”
On the other hand, the one unit he has under contract is going to an empty nester couple. Indeed, he said Tennyson 7 is generating more interest from empty nesters than he originally expected. “Basically we are seeing interest from all over the board – not just young professionals.”
Framing at Tennyson 7.
The first level of each unit is the garage, the second is the living room and dining area, and the third is a bedroom, and there is a rooftop deck.
“Basically, it is a three-story development with a rooftop deck,” according to Plous. The site is zoned U-MX-3, allowing three-story buildings up to 40-feet tall, although some areas will not be as tall because they face existing homes.
Following the tour, from 6 p.m. to 8 p.m., Plous will host a happy hour to celebrate the introduction of Tennyson 7 at the nearby Parisi restaurant at 4401 Tennyson St.
Contact John Rebchook at JRCHOOK@gmail.com
To see what else is available in the Berkeley neighborhood, please visit this COhomefinder.com link.
This is interesting.
Most prospective buyers have zero ability to imagine anything.
Yet, the wallboard is not even up at Tennyson 7.
Is Berkeley that hot?
I think many parts of Denver are really heating up right now. When I turned in earnest money for a client last week they told me they were having a hard time keeping up with the volume of contracts that have been coming in over the last few weeks.
“volume of contracts”
The data show otherwise – http://www.trulia.com/real_estate/Denver-Colorado/market-trends/
The data Trulia is using appears to only show through January. Its only been the last 3-4 weeks that things have become significantly different.
My interpretation is that the Trulia data is an average of Dec through Feb, or maybe it is a total of Dec through Feb. for some of the charts. One thing in the data that does not not make sense to me is that the data shows only 3,000 listings but 1800 sales, that would be a crazy ratio, so it must be a total of Dec through Feb, which would make it 600 sales per month, for 3000 listings that would be 5.0 months of supply, which is much higher than the 3.8 number I had read elsewhere, but plausible. I think the data is just for Denver proper, not the Denver metro area.
Check out http://www.redfin.com
I like the way they display data and I find reliable.
Why is Jeff Plous getting all the love and not Billy Wang?
It looks like a great project, I think this will be good for Tennyson Street. We need more development in the area and a nice mix of SFH’s, multifamily residential and commercial all help each other. I heard about the new Tennyson Street Gardens, the new restaurant and farmers market on 46th and these should also be great for the neighborhood. Jeff and Dave, what are the major draws to Tennyson Street for homebuyers, renters and commercial businesses, particularly restaurants over Lohi and West Highlands? What makes Tennyson the “it” neighborhood or how does it get there?
“new Tennyson Street Gardens, the new restaurant and farmers market on 46th”
What???
More info please as I have never heard of this.
1.We moved to Berkeley (I never say Tennyson Street) (we do live 2 blocks from Tennyson at
http://www.3968Vrain.com) 8 months ago.
2.We wanted a duplex. We downsized from our house in Bonnie Brae and we wanted less: square
footage, less land, less outdoor maintenance. Duplexes are a rare species in Denver. Berkeley is
one of the few places where they breed in abundance. Did I mention that we have no mortgage?
3.We wanted to be “near” to commercial (retail) businesses, but not “on top” of them.
4.The identical house in Berkeley is $47K less than in West Highland. Compare 3968 Vrain Street
to 3471 West Moncrieff Place. Platt Park (1658 Grant) is even more money than West Highland.
5.The rule of thumb is that West Highland is $50-75K more than Berkeley and that Sunnyside is
$50K less.
6.Highland (aka LoHi) is too dense. Too many large complexes.
7.The defining moment for Tennyson Street will be when Tuller Electric and Driveline leave.
8.West Highland has a much better restaurant scene. On the other hand, Hops and Pie is 1.5 blocks
from my house and I joined the beer club.
9.The North Side is gentrifying so fast that it will make your head spin.
10. For businesses, the rent on Tennyson is less than the rent on West 32nd.
11. The North Side downzoning has had a huge impact. This makes the duplex zone of: Raleigh,
Stuart, Utica and Vrain between 38th and 46th all that more valuable.
Missed you at this event, John.
Got to meet the famous Billy Wang.
I think they are priced a tag high, but what do I know. The units are under $400K when most everything else is pushing $500+K.
Saying the units are over priced is pretty incorrect in my opinion… We’re priced starting at $339k for over 1500sqft. Most of the other townhomes of this style start anywhere from 389k all the way up to almost 500k and some have significantly less sqft, lesser finishes and no views.