Downtown Denver neighborhoods just keep getting better and better.

Today the Denver Post Article "A makeover for Five Points" shared the exciting details about a new executive order signed by Governor Bill Ritter naming Five Points as one of four pilot communities of the Sustainable Main Street Initiative.   This HUD/DOT Grant of $1.28 million will go into the development of the communities of Five Points, Fowler, Monte Vista, and Rifle.

Five Points has already experienced a huge amount of growth over the past 10 years as new Denver loft, condo and townhome projects have blossomed and built a density base promoting new restaurants, shops and other amenities.  With light rail running right down the existing Welton Street the easy transportation access has made this an attractive relocation spot for both new developers and for individuals looking to find low cost properties.

For those craving hardwood floors, high ceilings, and historic ambiance Five Points offers some great vintage townhomes and single family homes with spacious yards.  For those craving the more modern appeal developers have created a number of options from multi dwelling condominium buildings with one, two and three bedroom residences or new modern townhomes.

As quoted from the Denver Post Article...

The Five Points Welton Street Marketplace Revitalization plan holds tight to the neighborhood's historic African-American jazz culture and envisions a sustainable business destination with restaurants, health-food markets, a health-and-wellness center, art galleries and local community services.

The Denver Post describes the Five Points Welton Street Mraketplace, a focus point for the main street initiative, as envisioning a "sustainable business destination with restaurants, health-food markets, a health-and-wellness center, art galleries and local community services".

Not only is this community developing rapidly it's only a short distance from the heart of downtown Denver with it's many restaurants, theaters and amenities and the great Ball Park neighborhood with Coors Field and the surrounding entertainment and bar venues.

 

New Era will keep you posted on new real estate opportunities and the plans for this area as at least $250,000 in federal funds has been secured for the next phase of development.  Approximately $1.5 million in grants are either now in the works or are being pursued by the Five Points team.  We can't wait to see the next stage of redevelopment plans.

 

Contact New Era Realty today to learn more about this exciting neighborhood or any of the great Denver loft and condo projects.