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Townhomes coming to Sloan's Lake

Highlights:

  • Don Gooden plans a dozen new townhomes near Sloan’s Lake.
  • The units will be priced from the high $300,000s to the low $400,000s.
  • Park Place Xll is one of several infill developments planned near Sloan’s Lake.
This is what the views will look like from Park Place XII.

This is what the views will look like from Park Place XII.

Veteran developer Don Gooden plans to ground this summer on the latest residential development near Sloan’s Lake in north Denver.

Gooden, who has developed a number of infill housing projects in LoHi and West Highland, plans to start construction on Park Place XII at 3420 W. 17th Ave. in August. The site is a few blocks east of the southern end of Sloan’s Lake.

Park Place XII will have a dozen luxury townhomes that will be each be in the 1,500 to 1,600-square-foot range.

The three-story units will have a master bedroom, guest bedroom and an office/bedroom on the entry-level, as well as rooftop decks. The land is zoned G-MU-3, which allows three-story units.

Units will be priced from the high $300,000s to the low $400,000s. They are being designed by Ed Enck of S-Arch.

“Ed is an engineer as well as an architect,” Gooden said. “He has designed a lot of homes in the area.”

Gooden, however, doesn’t yet have renderings of the units.

“We just closed on the land,” Gooden said. “We are just starting the process.”

Gooden recently used a boom to take photos on the parcel from the same height of the rooftop decks.

“The views are off the charts,” Gooden said. “They are spectacular. The views of downtown over Sports Authority at Mile High are unbelievable, plus you have these beautiful sunsets over the mountains. I think the views are really going to sell these units.”

That and the location.

I am very big on Sloan’s Lake right now,” said Deviree Vallejo, a broker with Kentwood City Properties.

Vallejo said that the redevelopment of St. Anthony’s is going to transform the Sloan’s Lake neighborhood.

“One of the reasons that LoHi is so popular is because of the retail component,” Vallejo said. “People can walk to all of the retail, restaurants and bars in LoHi. Sloan’s lake has lacked that retail component. In the coming years, people in the neighborhood will be able to walk to all of the new retail at St. Anthony’s. The redevelopment of St. Anthony’s means tremendous upside for Sloan’s Lake.”

In addition, there is the lake itself, the biggest in Denver.

“The lake is great,” Vallejo said. “I don’t know anyplace else in Denver where you have these fantastic views of a lake, downtown and downtown. The Pinnacle at City Park South comes close, but that is on the east side.”

Gooden’s development is about a half block east of the southern border of Framework, a much larger and more expensive community by developer Jonathan Alpert.

Townhomes at Framework will be priced from the high $400,000s, while single-family homes will be priced from the $600,000s.

Both Framework and Park Place XII are a few blocks east of the massive redevelopment of the former St. Anthony Hospital campus by EFG, which could have 1,200 residential units and 300,000 square feet of commercial and retail space. Many observers think the St. Anthony’s redevelopment also will be a catalyst for improving the nearby West Colfax Avenue.

Vallejo said that Framework and Park Place XII are pioneers in rapidly changing area that increasingly is drawing the attention of other developers.

“I’ve heard that a lot of the land along that 17th Avenue corridor is being placed under contract by developers,” she said.

Many of those on the drawing board will be smaller than either Gooden’s or Alpert’s developments, with five or six units, she said.

“Developers are talking to architects about different plans and different designs,” she said. “I’m sure not all of them will happen. But I think the next two years will be pretty monumental for that area.”

Vallejo, who likely will list Park Place XII for Gooden, welcomes the new communities.

“We love it when a new project breaks ground near a building we are listing in LoHi,” Vallejo said. “More development creates a critical mass and generates more interest in an area.”

And don’t forget the views.

“At Sloan’s Lake, you have these phenomenal views that you can’t find anyplace else in Denver.”

For a snapshot of the Sloan’s Lake housing market, please visit 8z Real Estate.

Have a story idea or real estate tip? Contact John Rebchook at  JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.