Viña

Denver, CO

Role: Developer and Equity Partner

Plans for this 6-acre site to provide high-quality affordable housing for the Elyria Swansea community in Denver, CO.

2121 E 48th Avenue,
Denver, CO, 80216

Project type
Urban infill, mixed use, affordable housing, TOD, ground lease
TDC
$ 0 Million
Deal Level Returns
150 Affordable apartments at 30% through 80% AMI, 24,500 SF of medical office space and 5,300 SF of retail space
Placed in Service
Q1 2022
Financing Method
4% and State LIHTC, Tax Exempt Bonds, and NMTC
Financial Partners
Citibank, Enterprise Community Partners, Northern Trust, CHFA, City of Denver, State of Colorado, Denver Housing Authority

Viña selected by the city of Denver to help stem displacement in an area affected by massive public and private investments.

Due to their master campus and TOD development experience, Columbia Ventures was selected as Master Development for a 6-acre site identified by the city of Denver. The campus was purchased by Urban Land Conservancy to ensure redevelopment will provide quality affordable housing in a community undergoing severe displacement as a result of massive public and private investments in the surrounding area. The first phase of development is expected to receive its first residents in February 2022, and provide much-needed fresh food and low-cost medical services to the Elyria Swansea community. By combining LIHTC and NMTC financing, we were able to create a capital stack that enables us to maximize affordability without compromising on quality. While staying ahead of schedule and under budget, we are proud to ramp up for the delivery of some of Colorado’s highest-quality affordable housing.

Future phases of development on the master planned site will include market rate and workforce housing, additional retail space and a central parking solution for the whole campus.

other Work
Apartments
Beacon Station
Apartments
Spoke

Subscribe for updates.

copyright 2022 columbia ventures, llc. all rights reserved.