By Joel Newton
The Edgewater City Council meeting on Sept. 21 was full of residents optimistically waiting to hear news on the mostly vacant property at 20th and Depew.
For those who have lived in town for more than 20 years, the optimism is reserved because this property is the parking lot of broken dreams. Since the City of Edgewater purchased the land in 2004, there have been many plans for how to redevelop the property, but all of them have fallen apart.
Plans have included using the space as a civic center, an ice-skating complex and numerous other ideas. At the council meeting it was stated that someone even came to city staff with a plan to use the land as a drone port. Most recently, Trinity Redevelopment had plans to redevelop the site, but those plans sat dormant and the city moved on.
Now there is a new developer coming in with plans for what the site at 20th and Depew could become. At the council meeting, staff from Littleton Capital Partners (LCP) outlined their ideas for redeveloping the site. LCP has successfully completing projects along 38th Avenue, at the former St. Anthony’s site and in RiNo. They hope to keep the original buildings on the site and renovate them. They showed mockups of the former King Soopers building as a food hall like Avanti with a brewery and possibly a natural food market. Then the other buildings on the site would be renovated to hold craft retail offerings like high-end wine, beer, restored furniture and other options. There was no mention of incorporating the only remaining tenants on the property, Depew Liquors and La Cascada.
First Reading of the Purchase, Sale and Development Agreement between the City of Edgewater, the Edgewater Redevelopment Authority and Littleton Capital Partners passed unanimously, followed by a final vote on Oct. 5. Now Littleton Capital Partners will work to find investors and tenants for the property over the next few months and the plans will be developed further.
“I am cautiously optimistic Littleton Capital Partners will meet the terms and conditions set forth in the Purchase, Sale and Development Agreement,” said Edgewater Mayor Kris Teegardin. “I look forward to further information and progress that points to the final sale of the property.”
40 West Residences Completed, Celebrated Grand Opening
Archway Housing & Services celebrated the grand opening of 40 West Residences, located at Colfax Avenue and Gray, on Oct. 5.
The new residences will serve a range of populations, including low- and extremely low-income veterans, a critically underserved population in the Denver Metro area, according to Gateway.
Located a mile from the Lamar Street Station, 40 West Residences is a four-story, 46,663-square-foot building comprised of 54 one- and six two-bedroom units, 25 of which are set aside for homeless veterans. Archway has secured 25 project-based VASH Vouchers to benefit the veterans, in partnership with the Department of Veteran Affairs – VA Eastern Colorado, the Colorado Division of Housing and HUD.
Jefferson Center for Mental Health, the VA, and Rocky Mountain Human Services will also provide supportive services, assisting veterans in stabilizing their lives, according to Archway.
The total development cost of the project was $15 million, and Colorado Housing and Finance Authority awarded tax credits.
Archway’s mission is to change lives by providing housing and related supportive services that engender a safe environment and teach community skills for families with very low to moderate incomes.
Visit ArchwayHousingandServices.org for more information.