New Town Builders—160 Affordable For-Sale Units
New Town Builders is embarking on by far the largest affordable for-sale homes project Stapleton has seen. They will be building about 160 affordable row homes on the west side of Central Park Blvd., north of I-70. The lots stretch from Northfield Blvd. to 56th Ave.
Two- and three-bedroom units will be built in three- and fourplexes. New Town owner Gene Myers says they tested numerous concepts to come up with one that is attractive, not too repetitive and is affordable within the limits of the program. Designing so all the foundations are the same is one of the ways they reduced costs.
The two bedroom units will be sold for $172,900 and have 1,213 square feet. The three bedroom units will be sold for $189,900 and will have 1,330 square feet. All will have an attached garage in the back.
The homes will alternate between threeplexes and fourplexes, which will have different designs to create variety. New Town will build two furnished model homes, one of each size.
Myers says they looked for a way to build the homes with basements, but they couldn’t keep them in the required price range.
New Town built affordable row homes south of I-70 several years ago, and has been building mixed income row homes with one in six units as part of the affordable program. Going forward, New Town’s mixed income and affordable homes will all be north of I-70.
Northeast Denver Housing Upcoming Affordable For-Sale Units
Northeast Denver Housing will build all their future affordable homes south of I-70. They have completed the 18 units shown above on MLK near Spruce and are building 20 more in the same location. These are all sold but more are planned. Twenty similar homes will be built on the southwest corner of MLK and Central Park Blvd. And twenty homes are also planned at Montview and Ulster. These are two- and three-bedroom homes from $163,000 to $230,000 and are expected to be available late summer or early fall 2016.
Northeast Denver Housing Upcoming Affordable Rental Units
Northeast Denver Housing hopes to start construction on an 84-unit affordable apartment building on Northfield Blvd., west of Staybridge Suites before year end. Forest City VP Tom Gleason expects future affordable for rent will apartment buildings approximately this size, but the do not know which affordable site will be developed next. Forest City’s map of affordable sites is at StapletonDenver.com/affordable.