“Five Points could soon be home to 50 new affordable for-sale condos.
Jeff Shanahan of Shanahan Development has proposed a six-story condo building at 2907 Welton St. in Denver’s Five Points neighborhood on a parcel owned by Denver’s Regional Transportation District.
Shanahan said he has been working on the project for the past three to four months, ever since RTD selected Shanahan to move forward after putting out a request for qualifications.
Shanahan plans to buy the land, a .43-acre site on the north corner of 29th and Welton streets and start building the condos before deeding the land to the nonprofit Elevation Community Land Trust, who will sell the units to qualified individuals at 70% of area median income (AMI) in the next two to three years, according to Shanahan. “
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Tracey, Kate. Denver Business Journal 25 July 2022.