This year, ULC highlighted our Community Land Trust (CLT) which provides permanent affordability through a 99 year ground lease.
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- 11th Avenue TOD
ULC acquired 11th Avenue TOD in July of 2012 using Denver’s Transit-Oriented Development Fund. Adjacent to ULC’s Sheridan II property and currently vacant land, ULC will work with a development partner to construct affordable housing and potentially nonprofit facility space.
- 2000 Block of Glenarm
ULC 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
Acquired from a real estate company donation. The property abuts Agape Church and is two blocks away from the 25th & Welton light rail station. Due to zoning and community challenges related to the construction of the planned affordable townhomes, ULC sold the property in 2015.
- 303 ArtWay
Led by Urban Land Conservancy with funding from ArtPlace America, the 303 ArtWay is an exciting new catalyst for Denver. It is a proposed art-themed urban trail connecting paved walkways and bike paths through the Park Hill Neighborhood with a larger vision to expand through Denver. The trail will highlight the visionaries and artists, leaders and community activists who have brought so much life to this unique and diverse neighborhood.
- Blake TOD
This 1.4 acre property was purchased by ULC using the Denver TOD Fund in November 2011. ULC stabilized the property through the demolition of a vacant building and environmental remediation and is now planning for a multi-phased, mixed-use development which will include affordable housing and commercial space.
- Curtis Park Community Center
With support from the Denver Office of Economic Development, ULC purchased the property in January of 2012. Family Star Montessori occupied the community center for five years, and eventually purchased the property as a part of ULC’s community land trust in 2017. ULC will continue to own the land under the school in a 99 year land lease.
- Curtis Park Nonprofit Center
This nonprofit center is located next to the Curtis Park Community Center; both buildings were part of ULC’s 2012 acquisition supported by the Denver Office of Economic Development. Six nonprofit tenants provide services to residents through the Denver region.
- Dahlia Apartments
ULC acquired this property in December 2009. The property consists of six buildings with a total of 36, 2-bedroom apartment homes and serves over 100 residents. This property was the first to utilize financing through the Denver Transit Oriented Development Fund.
- Evans Station Lofts
Acquired in 2011 using the Denver Transit-Oriented Development Fund. ULC partnered with Medici Development Group in the development of 50 units of affordable housing units and 7,100 square feet of commercial space which opened in 2013.
- Garden Court at Yale Station
ULC acquired the vacant 1.5 acre parcel for $1.3 million in July of 2010 using the Transit-Oriented Development (TOD) Fund. In August 2016 ULC celebrated the grand opening of Garden Court Apartments at Yale Station, which includes 66 units of affordable rental housing. Each apartment also received an RTD EcoPass, furthering ULC’s mission of addressing true household affordability along a transit corridor.
- Habitat for Humanity Denver Home Improvement Outlet
ULC helped finance this acquisition by providing Habitat with a below market bridge loan. The home improvement outlet is open to the public and provides a valuable source of cash flow to the organization. In 2008 the bridge loan was fully paid back to ULC.
- Holly Square
The destruction of the retail center, caused by arson in May 2008 left a major void in the heart of this proud community. With the support from the City of Denver, ULC acquired this 2.6 acre site in 2009 and went through an extensive community engagement process to determine the redevelopment. Today, Holly Square is home to the Jack A. Vickers Boys & Girls Club in the Nancy P. Anschutz community center, the Roots Elementary School and a new outdoor gathering space for the community.
- Jody Apartments
The Jody Apartments were acquired in December of 2007 as an affordable housing preservation. Adjacent to the Sheridan light rail station on the W Line, the 62 unit multifamily apartment complex was acquired in partnership with NEWSED, where ULC purchased the land and NEWSED purchased the improvements on a 99 year land lease.
- Land at Sheridan Station
In 2014, ULC successfully completed the land acquisition/exchange with the Regional Transportation District (RTD). This site sits next to the Jody Apartments. Additional land was critical to maximizing development potential at the station site, providing additional affordable opportunities for housing at a rail station.
- Mile High Vista
ULC purchased Mile High Vista in 2011 using Denver’s TOD Fund. ULC was master developer of the 2-acre parcel, which includes the remediation and infrastructure for the entire property to develop both the Corky Gonzales Denver public library, as well as the Avondale Apartments which includes 80 units of affordable housing.
- Mountain View Nonprofit Tower
Acquired by ULC in 2014, and financed with the Calvert Foundation’s facility fund as part as the Ours To Own initiative. This seven-story building currently houses more than 12 nonprofit tenants, and serves approximately 1,000 people per month.
- New Legacy Charter School
This is ULC’s first real estate investment in Original Aurora. ULC demolished an old bowling alley and constructed a 23,000 square foot school that serves pregnant and parenting teens between the ages of 12-21 and their children ages 0-5.
- NEWSED Multi-Tenant Non-Profit Center
In partnership with NEWSED, ULC provided a $300,000 Program Related Investment loan at a below market interest rate for the 31,000 square foot commercial warehouse building in the Santa Fe Arts District. The loan was successfully repaid in 2016.
- Park Hill Village West
ULC purchased Park Hill Village West, a 9.4-acre parcel in Northeast Denver, in March of 2013 using Denver’s TOD Fund and program related investments from the Piton Foundation and Gary Community Investments. It is ULC’s largest land purchase to date and the multi phases of development with eventually conclude over 400 units of houses and 80,000 sf of commercial space.
- Race Street TOD
ULC purchased Race Street TOD in April of 2015 with support from the City and County of Denver, and has since been working diligently in determining the best development options and mission aligned development partners to provide new community assets for the GES neighborhood. Our goals are based on previously identified community engaged planning priorities for a new mixed-use development which includes affordable housing, community serving commercial space with an emphasis on health services.
- Renaissance at North Colorado Station
Partnered with Colorado Coalition for the Homeless (CCH), ULC purchased this property in 2006, to create transitional housing for individuals experiencing homelessness. ULC sold the property to CCH in January 2012 and the development which includes 103 units of affordable housing with supportive services, opened in 2016
- Santa Fe Ten
Acquired in 2011 using the Denver TOD Fund, ULC purchased this property as an affordable housing preservation in a quickly gentrifying neighborhood while also preserving 7,400 square feet of retail space and a newly renovated warehouse to provide affordable space for mission minded organizations.
- Sheridan II
Purchased 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.
- Social Enterprise Foundry
Acquired in 2014, the 44,000 square foot warehouse space provides an affordable, quality home for four tenants who share an environmental focus in their missions. The Foundry was financed 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.
- Tennyson Center for Children
ULC’s first real estate investment. In January 2011, after a significant capital campaign, Tennyson Center for Children (TCC) purchased the property back. In further support of ULC’s mission, TCC agreed, that for 89 years if TCC sells the property, it would be required to be sold to another nonprofit entity with an education-focused mission that benefits community.
After we demolished the old vacant building in 2014 upon acquisition, ULC began working directly with Westwood Unidos, a resident led neighborhood collaborative to determine what interim use would be best for the community. Construction was completed in 2016 on an interim pocket park, which includes a gathering space and futsal court.
- Tramway Nonprofit Center
Located in northeast Denver at 35th Avenue & Franklin Street, the Tramway Nonprofit Center occupies a full city block and houses more than 15 nonprofit organizations. ULC acquired Tramway from the Phillips Family Trust in 2007 with support from Gary-Williams Energy Company (now Gary Community Investments). Today, after over $1 million of improvements to the historic structure with much support from the Denver Office of Economic Development and Energy Outreach Colorado, the 115-year-old Tramway building serves as a long-term investment ensuring that necessary human services are available to the Cole neighborhood and other Denver residents. ULC completed the most recent renovations to the building in 2014, which included a new women’s restroom, updated ADA compliant showers, new hallways, kitchens and the creation of an onsite manager’s office.
- Villas at Wadsworth Station
Purchased in December 2012 with support from the Colorado Division of Housing, this 100 unit preservation is ULC’s first acquisition in Lakewood, Colorado, located next to the Wadsworth rail station and the W line. This opportunity demonstrated the need for the Denver Transit Oriented Development Fund to expand and become a regional acquisition fund.
- Yale Commons 2
In December 2014, ULC acquired Yale Commons II. This acquisition was made to assemble additional land for future development with partners Mile High Development and Koelbel & Co. The first phase of a multi-phase development was completed in 2016, with the grand opening of Garden Court Apartments at Yale Station.