Year
Built: 2005 (New)
Developer: Urban Ventures
Construction:
Mortenson Construction
Construction
Type: Steel/Concrete with brick
accents
Named
for a flour mill building that once stood on the site,
Monarch Mills is a newer development that includes 56
one and two-bedroom affordable-housing lofts and 13 market-rate
lofts. Located between 15th & Delgany Streets next
to Riverfront Park, it offers residents easy access to
Lodo restaurants & pubs, Larimer Square, Tabor Center
and the cultural Denver Center for Performing Arts. Also
within walking distance are the Pepsi Center, Coors Field
and Invesco Field.
Income
restrictions for the affordable Monarch Mills properties
are approximately $60,000/year. In addition, the deed
restrictions limit the annual appreciation at 3% per year,
and the units must be sold to other affordable housing
qualified buyers. For more information on the City of
Denver affordable housing program, check the requirements
and application forms at this site:
http://www.milehigh.com/housing/homeownership-opportunities/affordable-housing
Features
of Monarch Mills include:
- 69
one and two bedroom units
- Private
balconies with sliding glass doors
- Natural
maple or stained cherry cabinetry for kitchens and baths
- Carpeting
or bamboo flooring
-
Individually controlled air conditioning and forced
air heat.
- Stunning
unobstructed mountain, city and riverfront park views
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