A Chicago-based apartment giant is looking to move into the Golden Triangle in a big way, with two projects on adjacent blocks.
AMLI Residential submitted a concept plan to the city of Denver earlier this month, proposing a 20-story, 500-unit apartment building in the 900 block of Broadway.
The company has already been pursuing a 16-story project in the block to the south. AMLI submitted a concept plan for that site in March 2021, and a more detailed site development plan two months later.
“We see it as a prominent intersection of Denver,” AMLI Vice President of Development Isabelle Lockwood told BusinessDen, referring to the corner of 8th and Broadway. “It’s really been without street-front activation.”
The sites are at the south end of the Golden Triangle, a neighborhood rivaled only by RiNo in attracting large apartment developers.
Both sites are currently owned by an entity affiliated with Aspen-based Bruce Berger Realty Inc. An executive with that firm did not respond to a request for comment on Monday. Asked if AMLI was under contract to buy the properties, Lockwood said the company was working in partnership with the current owner.
The most recent proposal would be built on the 1.72-acre 929 Broadway parcel, which spans the entire west side of the 900 block. The north end of the lot is home to one- and two-story structures, including one that was formerly the offices of the alt-weekly Westword. The southern end is a surface parking lot.
The building would take advantage of last year’s rezoning of the Golden Triangle by the Denver City Council, although Lockwood said the proposal doesn’t max out what is technically possible at the site. Fourteen of the building’s units would be income-restricted, according to the plans.
In addition to the 500 apartments, the building would have about 7,700 square feet of ground-floor retail space and 653 parking spaces, plans show.
The building to the south, meanwhile, would be built on a 1.45-acre lot that again spans the entire west side of the street, home to one-story structures and a parking deck. The site development plan calls for 336 apartments, about 11,000 square feet of retail space and 507 parking spaces. The building would not be required to incorporate income-restricted units.
“The 800 block will definitely be first,” Lockwood said. “We’re hoping to break ground on that by the end of this year, beginning of 2023.”
AMLI owns a host of other apartment buildings in Denver, and is currently constructing one along Alameda Avenue in Baker.