With tank near-empty on inventory, brownstones heading to Golden Triangle


Downtown Denver’s Golden Triangle area south of the new Denver Art Museum is set for a game-changing arrival in 2014 – 17 trendy-looking brownstone townhomes, coming to W. 10th and Bannock Street, just over a half-mile from the 16th Street Mall Shuttle, and much closer to upscale dining and entertainment arriving nearby.

Architect’s rendering of Ten10 Bannock, brownstone townhomes set to arrive in summer 2014.

“The Golden Triangle IS downtown,” says Deviree Vallejo with Kentwood City Properties, who along with Liz Richards launched pre-sales on Ten10 Bannock this week. “We’re going to be priced around $300 per foot; there’s nowhere else where you’ll get that.”

Actually there’s very little inventory at all in downtown, the tank running near-empty as major condo towers near close-out, with little or no new residential development in the pipeline. Practically all recent builder offerings have been condo products, with the smaller sizes, higher costs-per-foot and more complicated ownership structure that condos involve. Meanwhile, Ten10 Bannock will be fee-simple townhomes, meaning owners own the ground below their units, minimal governance and minimal fees for maintenance.
Outside of the price, (Vallejo says that re-sale brownstones in Riverfront average closer to $500/foot) townhome concepts offer huge advantages for buyers looking at the downtown scene – particularly at Golden Triangle, with its walkable downtown access, but where past opportunities were often limited to condos. Brownstones, she notes, will provide three things hard to find in most new-urban products: 2-car attached garages, big balconies on both the entertaining and bedroom suite levels (the lower plumbed for a kitchen-level gas grill); and huge rooftop decks with views.
Vallejo, who was closely involved in design review with veteran River Studio Architects, says layouts (1,900 to 2,100 square feet) have been painstakingly created to get around objections that buyers, particularly ones moving-down from larger homes, tend to have about downtown products: better natural light, street-level spaces that can work for home offices, and more space dedicated to closets and storage.
They’ll be only two blocks from Daniel Libeskind’s landmark DAM and from the Clyfford Still Museum; a block from the Cherry Creek bike trail east into Cherry Creek or west to LoDo; and steps from trendy dining at Charcoal, 9th and Acoma. Pre-sales on the 17 homes launch today (although Vallejo and Richards already have two likely buyers who slipped in early). They’ll show you plans and finishes by appointment at Kentwood City Properties’ LoDo offices, 1660 17th; but start with a visit to Ten10Brownstones.com, and call 303-931-0097 or 303-956-2962.
-END-

IF YOU GO:

WHERE: WHERE: Pre-sale of Ten10 Bannock, brownstone-styled townhomes in heart of the Golden Triangle, walking distance to downtown; 1,900 to 2,100 sq. ft., 2-car attached garage, large rooftop decks; expected summer 2014 delivery. Building site W. 10th Ave. & Bannock St., Denver; plans/details at Kentwood City Properties, 1660 17th Street (LoDo)

PRICE: From $535,000
WHEN: Today & next week by appointment
PHONE: 303-931-0097 or 303-956-2962 WEB: Ten10Brownstones.com

-END-