Construction is underway on The Lydian, an 8-story mixed-use development at 26th and Welton, in downtown Denver’s historic Five Points neighborhood.
The project, valued at $40 million, will include 129 apartment residences (with 22 of the units being affordable at 60 percent of the area median income, 15,000 square feet of office space and 9,000 sf of ground floor retail space.
It is scheduled for completion in the fall of 2017.
Golden-based Confluence is co-developing The Lydian with Palisade Partners. The architect is Craine Architecture.
“The Lydian is located one block from the historic Rossonian Hotel, in the heart of Five Points, one of downtown Denver’s most rapidly emerging and desirable places to live and work, said Tim Walsh, founder of Confluence Companies.
“Along with Palisade Partners we’re proud to be among the first developers to play an active and prominent role in the neighborhood, and we’re looking forward to delivering a signature project for the entire community. A project of this complexity took years in the making and a partnership with DURA, OED, and 1st Bank to finance,” Walsh said.
The Lydian is being built on the light rail stop at 26th and Welton, providing residents and office tenants with access to the Denver International Airport, Union Station and the entire light rail system.
The building will include a two-story lobby with an open marketplace for shopping, a pool and pool deck on the third floor, a fitness room, and a conference room.
The apartments will range in size from studios to one and two bedrooms.
Ten penthouse units will also be available on the top two floors.
Confluence Cos. has completed 21 residential multi-family projects in the Denver area since 2010 with more than 2,100 total units, and has five other projects planned or currently under development.
