Palisade Partners and Confluence Companies have partnered to develop 2560 Welton Street into The Lydian: an eight-story, mixed-use, transit-oriented development. The building contains 10,000 square feet of ground floor retail, 15,000 square feet of coworking office space, and 129 apartments. 22 apartments have been deeded affordable. The Lydian’s design includes a mixture of classic elements to complement the rich historical tradition of Five Points, with modern elements befitting today’s Denver cityscape.
It is truly a place to live, work, and play. For those needing to travel a bit further, a light rail stop is conveniently located steps from your front door. Downtown Denver, and all it has to offer, is a short walk or ride away. The resident amenity package sets The Lydian apart. The building boasts a club room, fitness center, and community deck with fire pit, barbecue, pool, and downtown and mountain views. The homes will be appointed with stainless steel appliances, quartz countertops, and many units have an outdoor deck.
The Lydian is named for the Lydian mode, which is a jazz scale incorporated into the music of some of the world’s greatest jazz musicians. Jazz and the history of the neighborhood will be honored through an exterior art installation which will contain vignettes of the neighborhood history and will play jazz music so that passersby may learn about the right history of Five Points.
Over the course of developing this project, the development team hosted extensive meetings for the key neighborhood groups (Five Points Business District, Curtis Park Neighbors, and the Glenarm neighbors adjacent to the project) and incorporated feedback and attempted to address the concerns of these groups. In addition, the development has been approved by the Landmark Preservation Commission Process. This project also has significant support from neighborhood groups as well as Councilman Albus Brooks, the councilman for this district. The plans for the Lydian were driven by a consistently mentioned need for increased retail options and higher daytime activation in the neighborhood, as well as affordable housing, all of which Palisade was able to address with this project.
The Lydian meets LEED Silver standards and was built with almost 25% of the development budget awarded to Small Business Enterprises. Palisade Partners partnered with CHFA and DURA on this project. The Lydian won NAIOP’s 2016 Capital Markets Transaction of the Year award.
The Lydian is expected to open in June 2018.
Interested in learning more? Visit the Lydian site today!