Posted on 04/08/2025 2:01:54 PM PDT by dynachrome
A block in downtown Denver is converting from offices into apartment spaces after a real estate company bought two towers on 17th Street.
The Luzzatto Company, a national real estate firm, purchased 621 and 633 17th St. at the start of April for $3.2 million, hoping to revitalize downtown with the over 973,000 square feet of space in the heart of Denver.
Right now, it’s a handful of offices and a grassy area just outside the 16th Street Mall, but company owner Asher Luzzatto said it’s going through a complete renovation that will cost between $150 and $200 million.
Within three years, Luzzatto said the company is planning 700 to 750 multi-family affordable apartment units. The company plans to include public and private spaces with a daycare, gym, restaurant, market, theater, coworking suites and parking garage.
If all goes to plan, Luzzatto said there could be shovels in the ground within a year, and construction would take about two years to complete. Luzzatto is planning to get a cafe and market up and running before construction is over.
(Excerpt) Read more at kdvr.com ...
2. Recreating Cabrini-Green and the Desire projects is not a very good idea.
3. What is the over and under before the inmates start throwing sinks, couches, etc. out the window?
Yes, this will attract thousands of people and businesses to Denver./s
Taxpayers are forced to subsidize someone's failed office venture that will now become a high-rise slum.
I made my runs through Denver in 2023 downtown around the State Capitol etc. etc. a pretty filthy place.
Creating housing for people who can't afford housing?
That's a heck of a business model.
A million feet for $3.2M. Screaming deal.
They will have to harden the first three floors and the parking garage to withstand the interesting street residents.
Colorado Ping ( Let me know if you wish to be added or removed from the list.)
”Go on take the money and run” … whatever band that was.
Might work. These empty buildings are all over the country. Make them climb 20 stories to shower.
That's a lot of affordable parking spaces required to accommodate that many people. I wonder if where that will be.
Pruitt-Igoe
**That’s a lot of affordable parking spaces **
I don’t think so. Downtown. Plenty of public transportation and McJobs.
I don’t think these buildings were designed with plumbing (cold water, hot water, waste water) in every office, at least not 700 offices. Every apartment will require plumbing for at least a kitchen, bathroom and shower.
The schmuck who planned this better not be relying on any federal money for the next 11 years.
What a nightmare.
EC
Steve Miller
Easily done. More plumbing than it looks.
Hilton took an office building near me and created a hotel.
“… private spaces with a daycare, gym, restaurant, market, theater, coworking suites and parking garage.”
“Affordable” seems to have a rather flexible meaning here.
And add operable windows for the sleeping areas.
And add tons of plumbing to the previous Business occupancy.
DEFINE “AFFORDABLE”.
**I don’t think these buildings were designed with plumbing (cold water, hot water, waste water) in every office, at least not 700 offices.**
Should be easy enough. High rises have 2 bathrooms on every floor. More than one toilet in each. Take one out and replace it with a shower. A lotta infrastructure changes but it should be temporary. Cooking-dangerous. Microwave only. People will look for a way to move out.
Yup—we all know how these projects end....
High crime slum.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.