'Developers Charlie Woolley and Greg Glade are teaming up to build 50 affordable apartments at 5100 W. Alameda Ave. in Lakewood's Westwood neighborhood.
The apartments will be made available to people earning 40 percent to 50 percent of the area's median income, or about $22,000 to $35,000 a year. Lease rates will range from $400 to $800 a month.
"This neighborhood is very underserved in terms of quality affordable housing," said Woolley, president of St. Charles Town Co. "The low-income housing stock here is not that great."
Woolley also has the liquor store next to the project under contract. If all goes as planned, he expects to develop a day-care center on the site.'
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This article is rightly mentioned as Denver's #1 most-clicked article among business articles today. With the current economical situation in Denver finally evening out, this is great news for investers as there is still a strong market for affordable housing. I also wonder something:
Will the day care center be located near the liquor store?
I will be sure to find out..
Meantime, behind the scenes, many put effort here and deserve their fair share of recognition. Congratulations go to the staff of Parikh Stevens Architecture firm in Denver for doing their part to help Denver and the economy. Parikh Stevens is a minority owned Architecture firm located in Denver with an impressive list of projects ranging from affordable housing to elite Boulder Ridge, Breckenridge residences.ridb rie, breckenridge, cooulder ridge, breckenridge, coge, breckenridge, cooulder ridge, breckenridge, coridge, breckenridge, coridge, breckenridge, co
Many of the folks from my call center in Golden being paid current wages of $22,000.- $35,000. or $11.00 - $17.00, fit that 'underserved' status will benefit from the housing.
I'm proud that we do what we do and hope that from my end, I can continue to contribute to the solutions rather than the problems.
Visit ParikhStevens.com for a complete list of clients and 'in progress' projects.