This is a very exciting project for the area. Homes near Sloans Lake have become very popular and have risen in market value significantly. This will certainly keep property values and popularity on the rise.
St. Anthony Central Hospital site refurbishment, Sloans Lake, Denver,
The site of the former St Anthony’s Central Hospital has recently been purchased by EFG-South Sloan's Lake I LLC, and there are plans underway to refurbish the site.
St. Anthony Central Hospital housed a 19 acre lot just south of Sloans Lake for 119 years, but moved to a lot more than twice the size in Lakewood two years ago. The old lot has sat vacant and untouched until recently.
A building plan for has not yet been finalized, but the site will definitely be used for housing. Ideally, 2 high rise towers will be built to house luxury living lofts, similar to those located across the from City Park in downtown Denver, however the current zoning of the area only allows for buildings 5 stories or less in height.
The main focus right now is to begin the asbestos abatement and demolition process of the site, which will take about a year to complete. Zoning approval or veto will determine the next course of action and final building plans, which are not expected to commence until at least mid year 2014.
Regardless of the final building plan, the refurbishment of this lot to create housing will be a large step forward for the surrounding community. The real estate market and property values in the area have already increased significantly in the past few years, and this project will certainly continue those trends in the coming years.
Cory Fitzsimmons, Blue Sky Home Group, Lakewood, CO 720-581-2885
Your Denver Metro Broker-Associate and REALTOR® "Out standing in my Field"
Colorado Foreclosure Hotline 1-877-601-HOPE HOTLINE WEBSITE: ColoradoForeclosureHotline.org
The information contained in Cory's blog is deemed reliable but is not guaranteed, and the opinions and views expressed in these articles are solely those of the author.