Financed largely through low-income housing tax credits (LIHTCs), the project includes the construction of a new four-story, at-grade structure that will provide covered parking for 180 vehicles, 8,100 sq. ft. of commercial/retail space and 19 new multifamily units. Milender White will also be renovating the 191 units in DMV’s existing 18-story tower that was built in 1971. Parikh Stevens Architects is the design team on the project.
“This project is fundamentally about the preservation of an important community asset,” said Maria Michels, Executive Director of Metronomy, Inc., the non-profit management company created to manage DMV.
The existing tower will be partially occupied during the renovation work. Milender White plans to work on several floors on a rolling basis to allow unit demolition and renovation to occur prior to installing new mechanical, electrical, plumbing systems and all new finishes throughout the units and common areas.
“We were honored to partner with Denver Metro Village and once again with MGL Partners on a senior housing project,” said Darren Hinton, Construction Executive and Senior Vice President for Milender White. “Our main goal is to execute this work safely, with high quality and with as little impact as possible to the current residents.”
The newly renovated tower will continue to provide income assisted senior housing. 121 units are eligible and will remain eligible for Section 8 Assistance via a HAP Contract with the Department of Housing and Urban Development. The remaining units, including the newly constructed units, will provide homes for residents earning between 40 and 80 percent of the area median income (AMI).
DMV has partnered with MGL Partners, a local group specializing in complex multifamily redevelopment and new construction projects in the Colorado market. MGL Partners is acting as both a consultant and a partner on the project.
“It has been a privilege to work with Denver Metro Village, its Board of Directors and Maria Michels for the past two years bringing this project to life. We are thrilled to be breaking ground and getting the project underway,” said Greg Glade, Co-Founder of MGL Partners.
Construction on the entire project will wrap up in fall of 2020.Back to News