Koelbel, Trailbreak to develop affordable housing at SLOANS

Sloans block 3 580

November 18, 2016
Margaret Jackson, Confluence Denver 

Read full article here

Koelbel and Company and Trailbreak Partners are teaming up on a mixed-use project at SLOANS on the former St. Anthony Hospital site.

Plans for the site, known as Block 3, include:

  • Restoration of the Kuhlman Building to provide 49 apartments affordable to households earning 60 percent of area median income or below
  • Up to 27 market-rate row houses on West 17th Avenue, Quitman Street and West 16th Avenue
  • A new 2,200-square-foot cafe to be co-located with a 4,300-square-foot public plaza at the northeast corner of 17th Avenue and Perry Street

"SLOANS Block 3 will be a vibrant, active and attractive community that will include a diverse mix of housing and commercial uses to enhance the legacy of St. Anthony's and strengthen connections to Sloan's Lake and the existing neighborhood," says Carl Koelbel, vice president of Koelbel  and Company.

The project is receiving low-income housing tax credits, tax-increment financing from the Denver Urban Renewal Authority (DURA) and a performance loan from the Denver Office of Economic Development.

"The ability to preserve a historic building, provide affordable housing and deliver new amenities to the community are key goals of the area's urban redevelopment plan," says Tracy Huggins, executive director of DURA.