![]() Plans to build a multi-family residential development with some 412 units near a popular public park in Lakewood, Colorado, continue to divide residents as the new year begins. The project would go up on a four-acre site at 777 S. Yarrow Street just outside the east boundary of Belmar Park, a 132-acre space known for its abundance of trees, flora, and birds. The project belongs to the company Kairoi Residential, which is based in San Antonio, Texas, and would see the demolition of an existing office building, along with the felling of nearly 70 trees. Opponents of the project have said that the loss of trees will have a devastating impact on the birds who nest in those trees, while also voicing concerns about traffic and noise. Because the site is located within the boundaries of a defined urban renewal area, any development is governed by a use-by-right designation. That means that although residents have petitioned the Lakewood City Council to intervene in the matter, that body has limited powers to act. In an effort to reach out to the community, Kairoi Residential agreed to pause the project just over two months ago. In a message sent to the city council, Tyler Sibley, a principal of development for Kairoi, acknowledged that the company should have "worked to have a community discussion because of the importance of the neighboring park." It is not yet known when or if Kairoi will announce new plans for the site. The company has been particularly active recently in Colorado, purchasing for $161 million last fall the six-story Zia Sunnyside Apartments in Denver which consists of 434 high-end units. By Garry Boulard
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