“Maude Lofton is planning a jazz club, retail and apartment development in a new five-story building near 28th and Welton streets. A few years ago Lofton was looking for a place to live downtown, and her son began working on an idea for a barbershop and salon.
“I had been hearing a lot about development in Five Points, and I was fortunate enough to acquire a property I thought would be a good place to complement my son’s vision, as well as mine,” Lofton said. “It’s taking it back to the day when there were family businesses invested in the Five Points area, but with a more modern twist.”
The project site spans two lots at 2810 and 2812 Welton St., covering about one-eighth of an acre. Lofton bought the land in two deals between October 2014 and January 2015, city records show, for a combined $490,000.
Lofton’s plans call for a first-floor retail complex with her son’s salon, a dessert shop run by her daughter and a commercial kitchen. The Lofton family would operate a jazz club on the second floor and lease apartments on the third and fourth levels, she said.
Drawings show six one-bedroom units and a single two-bedroom apartment. Plans are to keep four of those apartments at reduced, affordable-housing rates, Lofton said, and lease the remaining three units at market rates. The fifth floor will be a condominium that Lofton plans to buy for herself.”
Rolett, Burl. Business Denv 27 August 2015.