Denver Building All-in-One Multifamily Community
The long-awaited Montbello Freshlo Hub development has started work. The first phase, an $85 million development will include a six-story affordable housing building with a total of 97 units, ranging from one to three bedrooms. The building will target residents with 30% of the area median income on one spectrum, as well as residents making ... The post Denver Building All-in-One Multifamily Community appeared first on Connect CRE.
The long-awaited Montbello Freshlo Hub development has started work. The first phase, an $85 million development will include a six-story affordable housing building with a total of 97 units, ranging from one to three bedrooms. The building will target residents with 30% of the area median income on one spectrum, as well as residents making between 50% to 70% on the other end of the spectrum. $50 million will be budgeted for the multifamily community. The rest will go toward building a mental health center, retail and office space on the first floor.
There will be an attached grocery store. The Daily Table, which will operate a store focused on delivering nutritious food and produce to nearby residents. Phase 1 should wrap up in 2024.
This second phase will include a two-story arts and education center up to 17,900 square feet in size. The building will also feature a rooftop performance space.
The post Denver Building All-in-One Multifamily Community appeared first on Connect CRE.
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