Westfield purchased the parking lot at 1420 Wynkoop St. this year from Unico Properties. (BusinessDen file)
The new owner of a LoDo parking lot has nixed one of the two uses the previous owner planned for the site.
Denver-based developer Westfield Co. intends to build a solely residential project at 1420 Wynkoop St., partner Jonathan Alpert told BusinessDen Monday.
Westfield bought the approximately 0.6-acre lot that runs from Wynkoop to Wazee streets along the Cherry Creek bike and pedestrian path in May, as part of a larger deal that also involved a commodities trading firm.
The lot’s previous owner, Seattle-based Unico Properties, had eyed development of the site for years, and proposed an eight-story project with both residential and office space.
Unico never broke ground, however, and Alpert said the May purchase included the company’s development plans.
Westfield is moving forward with those plans, but the company is jettisoning the planned office space for more residential units.
“We like that use for that particular site,” Alpert said.
The modified plans go before the Lower Downtown Design Review Commission on Thursday.
“The building footprint, for all intents and purposes, is exactly the size,” Alpert said.
Renderings submitted to the Lower Downtown Design Review Commission. Areas circled in red represent a design change from previous plans. (Public records)
Alpert said the building would have roughly 100 units, and the company hasn’t determined whether they would be apartments or condominiums. It’s too early to discuss a firm development timeline, he said.
Westfield recently completed an apartment complex near Stanley Marketplace in Aurora, and the firm also has a multifamily project in the works in the Governor’s Park section of Cap Hill.
The firm’s portfolio also includes the Mission Ballroom-anchored North Wynkoop project in RiNo.
Westfield purchased the parking lot at 1420 Wynkoop St. this year from Unico Properties. (BusinessDen file)
The new owner of a LoDo parking lot has nixed one of the two uses the previous owner planned for the site.
Denver-based developer Westfield Co. intends to build a solely residential project at 1420 Wynkoop St., partner Jonathan Alpert told BusinessDen Monday.
Westfield bought the approximately 0.6-acre lot that runs from Wynkoop to Wazee streets along the Cherry Creek bike and pedestrian path in May, as part of a larger deal that also involved a commodities trading firm.
The lot’s previous owner, Seattle-based Unico Properties, had eyed development of the site for years, and proposed an eight-story project with both residential and office space.
Unico never broke ground, however, and Alpert said the May purchase included the company’s development plans.
Westfield is moving forward with those plans, but the company is jettisoning the planned office space for more residential units.
“We like that use for that particular site,” Alpert said.
The modified plans go before the Lower Downtown Design Review Commission on Thursday.
“The building footprint, for all intents and purposes, is exactly the size,” Alpert said.
Renderings submitted to the Lower Downtown Design Review Commission. Areas circled in red represent a design change from previous plans. (Public records)
Alpert said the building would have roughly 100 units, and the company hasn’t determined whether they would be apartments or condominiums. It’s too early to discuss a firm development timeline, he said.
Westfield recently completed an apartment complex near Stanley Marketplace in Aurora, and the firm also has a multifamily project in the works in the Governor’s Park section of Cap Hill.
The firm’s portfolio also includes the Mission Ballroom-anchored North Wynkoop project in RiNo.
