Construction Starts on 165 Afforable Homes

Thrive CEO Gene Myers says bringing the “Elements” affordable housing project to market has been a “four-year odyssey.”

Construction has begun on the single largest affordable for-sale homes project in Stapleton. Thrive Home Builders hosted a groundbreaking at the project site on June 13. Thrive CEO Gene Myers said the first 11 units have been pre-sold and he expects “strong demand and to sell out as fast as we build.”

Thrive will build 165 affordable town homes in Stapleton’s Conservatory Green, Willow Park East and Wicker Park neighborhoods. The homes will be located on the west and east sides of Central Park Blvd., north of I-70 between Northfield Blvd. and 56th Ave.

Starting price points will range from $172,000 (two-bedroom units) to $199,900 (three-bedroom units). Under Denver’s inclusionary housing guidelines, purchasers’ incomes cannot exceed $44,750 for a one-person household up to $74,150 for a six-person household.

Myers said the first residents will be moving in around the first of the year.