Denver Five Points Section Could See Construction of New Transit-Oriented Residential Project12/13/2021 ![]() A new condominium project may soon be built in the always-popular Five Points section of Denver. The Regional Transportation District, which oversees public transit services in a dozen counties in larger metro Denver and owns the site in question, has issued a Request for Qualifications seeking a developer for the project. Located 2907 and 2915 Welton Street, the site, owned by RTD, has until recently served as a parking lot. As proposed, the project would see the building of mixed-income housing that would also be transit-oriented. The RFQ states that the selected developer would “play a leadership role in the creation of a creative model of affordable homeownership as part of a dynamic public-private partnership.” The site in question is located in a neighborhood of both residential houses and apartment complexes, as well as some smaller office buildings. Located on the northeast side of Denver’s downtown core, Five Points’ origins reach to the 1860s. After seeing some urban decline in the 1970s and 80s, the neighborhood experienced a renaissance that has seen its population jump from 12,700 to more than 17,500 in the last decade. Along the way, Five Points rents have jumped from around $1,000 a month for a one-bedroom unit to more than $1,800 today. By Garry Boulard
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