A currently vacant dirt parking lot in Denver’s rapidly changing Cole neighborhood could soon be the home to a new 300-unit apartment complex.
The Exdo Development Group, which is based in Denver, wants to put up a seven-story structure at the 2.3-acre site, with plans to also build some 4,500 square feet of retail space.
The project at 3648 N. Downing Street, comes as Exdo extends its footprint in the Mile High City. The company, which specializes in bringing back to life neglected unban properties, also wants the new project to include a rooftop deck, swimming pool, and two courtyards.
The Downing site, near the city’s Five Points section, is an eclectic mixture of multi-story apartment and office buildings, and older, mostly single-story homes. According to the U.S. Census, roughly 75% of the Cole neighborhood is made up of black and Hispanic residents.
The Exdo plan for the site will see apartments with an average size of around 952 square feet, and underground parking with enough room for up to 390 vehicles.
Exdo has been involved with or spearheaded some $3 billion in private and public investment projects in the River North area of Denver. Those endeavors have included adaptive re-use, as well as hotel, apartment, and Class A office projects.
July 25, 2025
By Garry Boulard
