The proprietor of a pair of more mature office environment structures in Cherry Creek has requested the metropolis to rezone the homes to make way for a household challenge.
Travis McAfoos, who owns the 3-story setting up at 3400 E. Bayaud Ave. and the one particular-story setting up at 121 S. Madison St., submitted a rezoning application previously this calendar year.
The homes are at the moment zoned C-MX-5. McAfoos is requesting the a lot be rezoned G-RX-5. The existing zoning is meant for locations served generally by collector or arterial streets, when the asked for zoning is meant for residentially dominated spots served by neighborhood or town streets, in accordance to metropolis paperwork. Both equally make it possible for for up to 5 tales.
The heaps are divided by an alley, and sort an “L” form with frontage on the two Bayaud Avenue and Madison Road. The structures on them day to 1960 and 1978, for every property data.
Whilst no redevelopment programs have been submitted to the town for the lots, a site — 3400ebayaud.com — has been set up. It states the McAfoos and Denver-dependent Nava Actual Estate Progress want to construct a five-story task that would have 150 residential units and 150 parking spaces.
The web page highlights the fact that the plenty again up to a city park.
“A more powerful relationship among the Cherry Creek East citizens and two of Denver’s terrific general public belongings – Pulaski Park and Gates Tennis Heart – will enable to make a location not only for citizens, but also outside accumulating spots that will be an amenity for the entire community to enjoy,” the website states.
McAfoos and Nava did not answer to requests for comment this 7 days. The rezoning proposal is slated to go in advance of Denver’s Arranging Board upcoming 7 days, and will ultimately need to be permitted by the City Council.
McAfoos bought the .65-acre Bayaud assets in 2014 for $4.3 million, records show. He added the .29-acre Madison assets last 12 months for $3.9 million.
McAfoos is founder and co-operator of Alchemy Inventive Workspace, a coworking room near Wash Park. He also was involved with the renovation of the Croke-Patterson-Campbell Mansion at 420 E. 11th Ave. in Cap Hill into a bed and breakfast.
Nava, meanwhile, is the improvement firm at the rear of Lakehouse Residences, a condo venture overlooking Sloan’s Lake.
A quarter mile west of the website, the site of a 10-tale business office building was also rezoned not too long ago. Denver-based mostly proprietor Broe Actual Estate Team has reported it desires to do a household undertaking at the web site.
The main of Cherry Creek’s commercial district, in the meantime, is observing an place of work making growth. A few projects are now underway, with the latest a partnership in between Denver-based corporations Elevation Enhancement Team and Edgemark Development.
This tale was documented by our spouse BusinessDen.
Source website link