By now you’ve heard that a new condo tower is coming to the area, and now it’s officially official: The new Avalon Condominiums building is on track to open in the spring of 2018.
The project will be the second-tallest condominium building in the area and the second condo building in a three-block radius.
The second tower will be completed in late 2019.
The Avalon project is the culmination of a five-year collaboration between the developers and the city.
The developers, Apartment Therapy Co. of Denver, and the Colorado Housing Authority teamed up to build the condominium project with the city to create an affordable housing district.
The new Avalon condominium will be an anchor tenant in the Downtown Denver project, which will include hotels, shops, offices, and apartments.
The Avalon project will bring new life to a former warehouse and hotel site that has been dormant for years.
The Downtown Denver Downtown District, as the project is known, was created by the city of Denver in 2015 as a way to support the area’s growing economy and provide a safe haven for seniors.
The project will feature more than 60 residential units and four-bedroom apartments, and it will be home to about 4,500 people.
The towers will be constructed at a cost of $1.5 billion, with more than $800 million coming from the state’s Housing Affordability and Livability Fund.