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- Blake TOD
DenverUrban Land Conservancy purchased Blake TOD with Denver's Transit Oriented Development (TOD) Fund in November 2011 for $1.7 million. ULC purchased Blake Street TOD due to it's proximity to the Blake Street station on RTD's A Line Commuter Rail. This was our sixth acquisition using the TOD Fund, a fund dedicated towards increasing affordable housing near transit corridors. Following the purchase, ULC stabilized the 1.4 acre property through the demolition of a vacant building and environmental remediation in 2012. ULC announced our partnership with Medici Consulting Group (MCG) after they were awarded low income housing tax credits in 2017. MCG plans to develop 65 units of affordable housing on the southeast side of the property along 38th and Walnut. Furthermore, planning is underway for the second phase of development, along the 38th and Blake side of the property. Plans will include a mixed-use development of market rate & affordable housing with ground level commercial space.
- Holly Square
DenverThe destruction of the Holly Square Shopping Center in May 2008 as a result of gang arson left a major void in the heart of this proud community. Together with support from the City of Denver, ULC acquired the 2.6 acre site in 2009. ULC immediately commenced an extensive community engagement process to determine future redevelopment plans. Today Holly Square is a vibrant community hub, catering primarily to children. The site is home to the Jack A. Vickers Boys & Girls Club in the Nancy P. Anschutz community center, Roots Elementary School and a new outdoor gathering space for the community.
- Cole Train
DenverCole Train is a part of ULC's purchase of the Tramway Nonprofit Center in 2007. At the end of 2017, ULC demolished a vacant warehouse located on the property to address safety concerns that arose from the unstable structure. Now a vacant site, Cole Train will be developed to include affordable housing and potential other future uses.
- Park Hill Village West
DenverUrban Land Conservancy purchased Park Hill Village West in March 2013. Denver's Transit Oriented Development (TOD) Fund and program related investments from the Piton Foundation and Gary Community Investments financed the acquisition. At the present time, the 9.4-acre parcel in Northeast Denver is ULC’s largest land purchase to date. In the meantime, ULC has partnered with DelWest for the first phase of development, to construct Park Hill Station Apartments. The 156 units of affordable housing opened in April 2016. Located adjacent to the 40th and Colorado Station, Park Hill Station residents are just a short walk from RTD's A Line Commuter Rail. In due time, the multi- phase development stages will eventually produce over 400 units of housing and 80,000 square feet of commercial space.
- Evans Station Lofts
DenverIn 2011, ULC acquired a .96 acre property for $1.2 that eventually became home to Evans Station Lofts. Denver's Transit-Oriented Development (TOD) Fund financed the acquisition. At the present time, this was ULC's fourth purchase using the TOD fund. The fund's goal is to increase affordable housing along transit corridors. Evans Station Lofts sit adjacent to the Evans Light Rail Station, along RTD's C and D lines. ULC partnered with affordable housing developer Medici Consulting Group (MCG) who received low income housing tax credits to finance the development. Presently, the five-story development includes 50 units of affordable housing units and 7,100 square feet of commercial space. The workforce housing development opened in 2013.
DenverUrban Land Conservancy purchased the vacant Thriftway building in 2014. Later the same year, ULC demolished the building to pave the way for future redevelopment. Immediately following the demolition, ULC started working directly with Westwood Unidos, a resident led neighborhood collaborative. Together with local community members, the two determined what interim use would be best for the neighborhood. In 2016, following a intensive community engagement process, ULC completed the construction of an interim pocket park and futsal court on the property. Long term plans for the site are to create a beneficial development to directly address the needs of the community. Through a future community engagement process ULC will create a catalytic neighborhood asset for Westwood residents.
- Mile High Vista
DenverULC purchased Mile High Vista in 2011 through Denver’s Transit Oriented Development (TOD) Fund. For the first time, ULC acted as master developer of the 2-acre parcel. As master site developer, this process included the remediation and infrastructure for the entire property. Construction started in November 2011. In addition to the Rodolfo "Corky" Gonzales Denver Public Library, ULC also developed the Avondale Apartments. These 80 units of affordable housing include commercial retail space on the ground level. At the present time, future plans for the remaining parcel of land on the site is underway. In the meantime, we are evaluating the feasibility of constructing affordable for-sale housing.
- Tramway Nonprofit Center
DenverUrban Land Conservancy acquired the Tramway Nonprofit Center from the Phillips Family Trust in 2007 with support from Gary-Williams Energy Company (now Gary Community Investments). Located in Northeast Denver, the Tramway Nonprofit Center occupied a full city block until late 2017 when ULC began the demolition of the vacant warehouse (See Cole Train in ULC's Assets) to address safety and structural issues. At the present time, Tramway houses more than 15 nonprofit organizations. Following the acquisition, the historic structure has undergone over $2 million in capital improvements. The Denver Office of Economic Development and Energy Outreach Colorado made these improvements possible. Meanwhile, the 115-year-old building currently serves as a long-term investment. Today, the nonprofit space ensures that necessary human services are available to the Cole neighborhood and other Denver residents.
- Mountain View Nonprofit Tower
DenverULC acquired the Mountain View Nonprofit Tower in August 2014. ULC financed the purchase through the Calvert Foundation’s Facility Fund as part of the Ours To Own Initiative. Located one block from Colfax, Mountain View Nonprofit Tower sits strategically in central Denver. The seven-story, 35,000 square foot building currently houses over 15 nonprofit tenants, consequently serving over 1,000 people per month. At the present time, the office building completed over $1.2 million in capital improvements. In August 2016, the first phase of construction began. During this time, renovations included a new elevator, ADA compliant bathrooms and renovated interiors. After six months of renovations, ULC completed construction in April 2017.
- Villas at Wadsworth Station
LakewoodUrban Land Conservancy made our first acquisition in Lakewood with the purchase of the Villas at Wadsworth Station. ULC purchased the property in December 2012 with support from the Colorado Division of Housing. This purchase successfully preserved 100 units of workforce housing along transit. Villas at Wadsworth sits adjacent to the Wadsworth Light Rail Station which services RTD's W line. As a result, the Villas at Wadsworth provide easy access to nearby transit for low-income residents. Overall, this acquisition made the case for Denver's Transit Oriented Development Fund to expand into a regional acquisition fund. Accordingly, if implemented, the establishment of a regional fund would allow for the additional creation and preservation of affordable housing and other community assets along transit corridors.
- Santa Fe Ten
DenverIn 2011, Urban Land Conservancy acquired Santa Fe Ten for $1.35 million using Denver's Transit Oriented Development (TOD) Fund. This marked our fifth purchase using the fund. ULC purchased this property as an affordable housing preservation in a rapidly gentrifying neighborhood. At the same time, we also preserved over 7,400 square feet of retail space and a newly renovated warehouse to provide affordable rental property for mission minded organizations. The Villa TOD Apartments includes 16 units of affordable apartments, four commercial office spaces and an auto body shop. Following the TOD Fund's requirements, ULC ensured the residential rates remained at or below 60 percent area median income (AMI), with approximately 15 percent of units serving households at or below 30 percent AMI. Ultimately, these affordable units and commercial space will remain affordable while under ULC's ownership.
- Garden Court at Yale Station
DenverIn July 2010, ULC acquired a vacant 1.5 acre parcel for $1.3 million, which ultimately became home to the Garden Court Apartments at Yale Station. Denver's Transit-Oriented Development (TOD) Fund financed the acquisition. The apartments are adjacent to the Yale Light Rail Station, along RTD's E and F lines. Once construction finished, ULC celebrated the grand opening of the Garden Court Apartments in August 2016. The development includes 66 units of affordable rental housing. To demonstrate true affordability, each apartment received an RTD EcoPass. It is important to realize the the multiple factors that affect affordability, and this measure continues to further ULC’s mission of addressing true household affordability along a transit corridor.
- New Legacy Charter School
Original AuroraNew Legacy Charter School is ULC’s first real estate investment in Original Aurora. In 2014, ULC purchased a vacant bowling alley for $675,000. Following the acquisition and demolition of the bowling alley, ULC constructed a 23,000 square foot charter school. Today, New Legacy is in its third school year. The charter school serves pregnant and parenting teens and their children. The school aims to empower students to create a legacy of education, quality parenting and personal success. Immediately following construction, New Legacy opened their doors for the 2014-2015 school year. At the present time, New Legacy has welcomed over 30 graduates to its alumni.
- Curtis Park Community Center
DenverUrban Land Conservancy purchased the Curtis Park Community Center in January 2012. Denver's Office of Economic Development (OED) made the purchase possible. Located five blocks from several bus routes and four blocks from a light rail station, the center provides additional affordability along transit corridors. Family Star Montessori occupied the community center for five years, finally purchasing the building in 2017. In the meantime, ULC will continue to own the land under the school in a 99 year ground lease. This is the fourth property to join our community land trust, furthermore ensuring long term affordability for future generations.
- Curtis Park Nonprofit Center
DenverThe Curtis Park Nonprofit Center sits adjacent to the Curtis Park Community Center. Urban Land Conservancy acquired both buildings in 2012 through the support of Denver's Office of Economic Development (OED). Following the property acquisition, the Curtis Park Nonprofit Center underwent a series of renovations to create a shared space for nonprofits. The nonprofit center opened in December 2012. At the present time, Curtis Park Nonprofit Center houses six nonprofit tenants. These tenants each provide services to residents through the Denver region. The nonprofit center sits just five blocks from several bus routes and four blocks from a light rail station. Consequently, Curtis Park Nonprofit Center provides additional affordability along transit corridors.
- 303 ArtWay
DenverLed by Urban Land Conservancy with funding from ArtPlace America, the 303 ArtWay is an exciting new catalyst for Denver. 303 ArtWay is a proposed 9 mile, art-themed urban trail. It will connect walkways and bike paths through the Park Hill neighborhood, therefore increasing pedestrian and bike activity throughout Northeast Denver. Ultimately we have a larger vision to expand the concept throughout metro Denver. The trail will highlight the visionaries, artists, leaders and community activists who have brought so much life to this unique and diverse neighborhood. In 2015, Northeast Transportation Connections launched a community engagement and crowdfunding campaign. With the results, ULC shared future plans with the public during the grand opening celebration of RTD's A Line in 2016. ULC also used this opportunity to engage local residents and collect feedback regarding the trail's design. In April of 2017, ULC and Birdseed Collective hosted a ribbon cutting ceremony for the 303 ArtWay's premier art installation. The mural is adjacent to the 40th and Colorado Station. The intricate mural represents and acknowledges the long standing populations in the surrounding neighborhoods.
- Race Street TOD
Urban Land Conservancy purchased Race Street TOD in April of 2015 with support from the City and County of Denver. This marked ULC's second acquisition using the Calvert Foundation's Facility Fund. Following the acquisition, ULC's work remains rooted in determining the best development options moving forward.
ULC remains committed to identifying mission aligned development partners to provide new community assets for the Globeville, Elyria and Swansea (GES) neighborhoods. ULC based our goals on previously identified community engagement planning processes for a new mixed-use development. At the present time, plans for possible future development range from affordable housing to commercial space. Ultimately, this commercial space will better service the community and emphasize health services.
- Social Enterprise Foundry
DenverUrban Land Conservancy acquired the 44,000 square foot Social Enterprise Foundry in 2014. Since then, the Foundry has provided affordable, quality warehouse space for tenants who share an environmental focus in their missions. ULC financed the purchase with support from the Denver Office of Economic Development and the Calvert Facility Fund as part of the Ours To Own initiative in Metro Denver. The Foundry currently hosts four tenants. The warehouse includes over 8,000 square feet of office space as well. Deemed as community change in action, accordingly the Foundry serves as a collaborative home for nonprofits. At the present time, the Foundry serves as a space for those interested in social enterprise to visit and witness a model for nonprofit management in action.
- Renaissance Apartments at North Colorado Station
DenverIn 2006 ULC acquired an old Budget Motel. Today, this same spot is now home Renaissance Apartments at North Colorado Station. ULC sold the property to Colorado Coalition for the Homeless (CCH) in January 2012. At this time, it immediately served as transitional housing for those experiencing homelessness. Today, the development includes 103 units of affordable housing with supportive services such as financial literacy and employment assistance. At the present time, 29 units are designated for homeless families with children, while 26 are reserved for homeless veterans. The transit oriented development sits less than a quarter mile from RTD's 40th and Colorado Station along the A Line Commuter Rail. Renaissance Apartments opened their doors in February 2016. Colorado Coalition for the Homeless celebrated their 17th affordable housing development to date with the grand opening of Renaissance Apartments.
- Tennyson Center for Children
DenverUrban Land Conservancy made our first real estate investment with the Tennyson Center for Children in January 2011. Following a significant capital campaign, Tennyson Center for Children (TCC) purchased the property back from ULC. In order to stay in compliance with ULC's terms, TCC agreed to sell the property to a nonprofit entity with an education-focused mission should they sell in the next 89 years. This agreement guaranteed the furthering of ULC's mission to positively impact communities for long term benefit. At the present time, the Tennyson Center for Children provides supportive and educational opportunities for children K- 12. TCC aims to reintegrate children back into safe families, supportive schools and vibrant communities. For over 100 years, TCC has helped children who have experienced severe abuse, neglect and/trauma change their life story.
DenverIn December 2014, ULC acquired Yale Commons 2, also known as Vassar. ULC made the acquisition to assemble additional land for future development. The property currently contains a house and non operational tennis court. ULC sold the single family home in October 2017. Vassar sits adjacent to the Yale Light Rail Station, servicing RTD's E,F and H lines. The first phase of the multi-phase development concluded in 2016, with the grand opening of Garden Court Apartments at Yale Station. At the present time, planning is underway for the next phase of development. ULC is working directly with our partners at both Mile High Development and Koelbel & Co.
- Jody Apartments
DenverUrban Land Conservancy acquired the Jody Apartments in December of 2007 as an affordable housing preservation. Situated on the edge of Denver, the Jody Apartments sit along the corner of 10th avenue and Sheridan boulevard. The apartments sit adjacent to the Sheridan Light Rail Station on RTD's W Line. In partnership with NEWSED, ULC acquired the 62-unit multifamily apartment complex. Initial acquisition and rehabilitation costs totaled $3.25 million. 52 of the 62 units are permanently affordable, with 12 units dedicated to households at or below 30% area median income (AMI). Furthermore, Jody Apartments are a part of ULC's community land trust. NEWSED owns and operates the apartments, while ULC owns the land through a 99 year land lease. This guarantees long term affordability for future generations.
- Dahlia Apartments
DenverUrban Land Conservancy acquired the Dahlia Apartments in December 2009. The property consists of six buildings with a total of 36, 2-bedroom apartment homes and serves over 100 residents. Additionally, the property was the first to utilize financing through the Denver Transit Oriented Development Fund. At the present time, ULC works directly with Integral Property Management who manages the apartment complex.
- Land at Sheridan Station
DenverIn 2014, ULC successfully completed the land acquisition and exchange with the Regional Transportation District (RTD) for the land at Sheridan Station. This site sits adjacent to ULC's Jody Apartments. Additional land was critical to maximizing development potential at the station site. Future development will provide affordable opportunities for housing along a rail station. ULC is currently working with development partners Koelbel & Co. and Mile High Development. At the present time, plans include a proposed 133 unit affordable housing development on one of the two land parcels. Ultimately, the second piece of land will provide an additional affordable housing development opportunity during the second phase of development. Overall, this land will provide affordable opportunities along a transit corridor, furthering ULC's mission of true affordability.
- Sheridan II
DenverPurchased in 2015 with the Denver Regional Transit Oriented Development Fund. This acquisition expands ULC’s development footprint and allows for more flexibility in redevelopment options. ULC will work with a development partner to create a multi-phased development plan that will include affordable housing as well as other community uses.
- 11th Avenue TOD
Denver, COULC purchased 11th Avenue TOD in July of 2012 using Denver’s Transit-Oriented Development (TOD) Fund. The $24 million TOD Fund supported the creation and preservation of over 600 units of affordable housing to date, therefore leveraging over $500 million in local economic activity. The three acre piece of vacant land sits east of Sheridan boulevard and next to ULC’s Sheridan II property. The land is in Denver, adjacent to the Lakewood border. The site sits next to the RTD Sheridan Light Rail Station, servicing the West Line. Sheridan boulevard sits directly above the rail station. At the present time, 11th Avenue TOD is in the land banking stage, meaning ULC is holding the land for future development plans. We have not yet announced a development partner. In due time, future transit oriented development will include affordable housing and mixed-income development. ULC is assessing the possibility of including a home-ownership aspect such as condos or town homes, due to the added affordability.
- Habitat for Humanity Denver Home Improvement Outlet
DenverUrban Land Conservancy financed the acquisition for Habitat for Humanity's Home Improvement Outlet. ULC provided Habitat with a below market bridge loan. Consequently the home improvement outlet remained open to the public, providing a valuable source of cash flow to the organization. Then, in 2008 Habitat for Humanity fully repaid the bridge loan to ULC.
- NEWSED Multi-Tenant Non-Profit Center
DenverIn partnership with NEWSED, ULC provided a $300,000 Program Related Investment loan to purchase the NEWSED Nonprofit Center. ULC specifically ensured the loan remained below market interest rate. Located amid the Santa Fe Arts District, the nonprofit center is a 31,000 square foot commercial warehouse building. At the present time, the multi-tenant nonprofit center houses five nonprofit organizations all serving low income families in the metro Denver area. NEWSED successfully repaid their loan in 2016.
- 2000 Block of Glenarm
DenverULC in partnership with St. Andrew’s Church, land banked two, 12,500 square foot parking lots at the 2000 block of Glenarm, with a vision for a mixed-use redevelopment which St. Andrew’s will be planning in the future. ULC sold ownership of these lots in 2017.
- 25th & Stout Denver
DenverUrban Land Conservancy acquired a piece of land at 25th and Stout through a real estate company donation. Adjacent to downtown Denver, the property is in the Curtis Park neighborhood. The property also sits adjacent to Agape Church. The land is two blocks from the 25th & Welton light rail station, therefore providing affordability through transit for future development. Due to zoning and community challenges related to the construction of the planned affordable town homes, ULC sold the property in 2015.