Great news! New areas are being developed in Central Denver and one of those areas is the new Boulevard One at Lowry. It is built on the old Denver Center of Defense Finance and Accounting Services and the Air Reserve Personnel Center. The Buckley Annex is the last remaining parcel of land to be transferred by the Department of Defense to the Lowry Redevelopment Authority (LRA). At 70 acres, the Buckley Annex is about the size of Cherry Creek North. It is one of the largest urban infill sites in Denver. The LRA and the developers are making sure this is a truly Green development, reusing much of the material taken down during demolition (even trees)! There will many home size and style choices, all in keeping with the great vibe at Lowry.
Homes should be ready by Spring of 2014, so contact any of us at Roet Realty (303 862 8846) with questions!
In the meantime, here is some cool information about what to expect!
How many homes will be built there?
The Buckley Annex Redevelopment Plan contemplates approximately 800 residential units, including apartments, townhomes and both attached and detached homes, at a wide range of price points. Based on an estimated 120 single family detached and 230 single-family attached homes, and 450 apartments, some 1,800 people might eventually live in the neighborhood.
How much commercial space will there be?
The Buckley Annex Redevelopment Plan calls for up to 200,000 square feet of commercial space, approximately half office and half neighborhood retail.
What is the economic impact?
The development is projected to create approximately $1 million annually in new property taxes and nearly $500,000 annually in sales taxes.