Denver welcomes a noteworthy addition to its housing market with 98 new affordable units, thanks to the collaborative efforts of Craft Civil Design and Gorman and Company. Strategically positioned opposite the scenic Ruby Hill Park, known for its exhilarating snowboard rail yard and bike park, this project is more than just housing; it's about creating a community.
The project specifically targets affordability, offering units at 30-60% of the Area Median Income (AMI), making it an accessible option for a diverse range of residents. This strategic pricing is crucial in Denver's competitive real estate market, where affordable housing is in high demand but short supply.
Navigating through significant site challenges, including a substantial 26-foot elevation change and the absence of a convenient storm sewer outfall, the development team employed inventive strategies. They integrated stormwater management systems like rooftop detention, bioretention, and underground detention within the existing parking lot infrastructure. This not only conserved space but also resulted in significant financial savings, further contributing to the project's affordability.
Nestled in a neighborhood to the south of Ruby Park, primarily characterized by older industrial and office buildings, this new development is set to become a cornerstone for further area revitalization. It represents more than just numbers and metrics; it's a symbol of accessible urban living, meshed seamlessly with the natural charm of one of Denver's beloved parks. Completion is expected Q2/3 2025.