“With plans for a new, 18-story Five Points tower moving through the city, a major developer has scooped up a block of Welton Street.
Lennar Multifamily Communities bought one-half city block at 21st and Welton streets for $5.5 million last week. The company plans an 18-story apartment tower with 329 residences, according to the most recent set of plans filed with the city.
The site, currently a surface parking lot, covers about 1.15 acres along Welton Street spanning from 21st Street to 22nd Street. A 2201 Welton, LLC, which is registered to Denver developer Howard Witkin, sold the property to Lennar.
That company bought the real estate for $3.78 million in 2014.
Lennar proposes to build a tower with more than 345,000 square feet of living space and about 4,000 square feet of ground-floor retail. Plans also show a fifth-floor pool deck and patio.”
Rolett, Burl. BusinessDen 8 June 2016.