The Wheatley

2460 Welton St.

About This Property

The Wheatley is one of the newest apartment building in one of Denver’s most exciting neighborhoods, Five Points.  The Wheatley is helping to lead a Five Points renaissance, with numerous new apartments, townhomes, restaurants, bars, and shops recently opened or set to open in the next few years.

The Wheatley has modern finishes such as quartz countertops, tile backsplash, and in-unit washer and dryer.  Building amenities include a fitness center, rooftop deck, and community room.  The Wheatley is located less than one block from a light rail station – promising a quick trip downtown and to Denver International Airport.  The Wheatley will also be pursuing a LEED Silver status.

The Wheatley was designed with significant neighborhood input, and includes 3,800 sq. ft. of retail, 82 market-rate apartment units, and 14 for-sale townhomes.  18 apartment units are deeded affordable.  Construction was completed in 2016.

The Wheatley is named for Phillis Wheatley, a revolutionary-era African American poet, and the first female African American poet.  Her works were recognized by many, including George Washington.  Wheatley was the namesake of the chain of Phyllis Wheatley YWCAs including one that existed at 2460 Welton until the mid-20th century.  The YWCA was a staple of the Five Points neighborhood at the time.  Wheatley’s legacy lives on at the building through the naming of the amenity rooms and lobby, an e-book saluting the history of the site, the neighborhood, and Wheatley herself, and an art installation in front of the building with stories and a poetry excerpt.

The Wheatley is an excellent example of how Palisade Partners connects with the community throughout the development process and incorporates their feedback into the designs to maximize the benefit to the community and those who live there.  The initial plans for the Wheatley included an 8-story building with all affordable housing.  After neighborhood input and discussions during the development phase, Palisade completely redesigned the project to include a 5-story building with 3,800 square feet of retail space, 82 for-rent apartments, 18 of which are affordable, as well as 14 for-sale townhomes.  The project has significant support from prominent neighborhood groups and local organizations, including the Five Points Business District, Curtis Park Neighborhood Association, Glenarm neighbors across the alley, Denver City Councilman Albus Brooks, prominent area landowners and developers Civil Technology Inc., and the Uptown Hospital District Urban Design Forum.

The Wheatley is a LEED Silver building.  The Wheatley was built with nearly 25% of the development budget being awarded to Small Business Enterprises.  Palisade Partners partnered with DURA and OED for this project.

The Wheatley was awarded a $100,000 Welton Design/Development Challenge grant by the Denver Office of Economic Development.  Additionally, the Wheatley was awarded the 2016 Downtown Denver Partnership Award for contributing to the economic vitality of Downtown Denver and was a finalist for a ULI Impact Award for infill projects.

Interested in living here? Learn more about The Wheatley.

Location

Category
Apartments for Lease, Completed, Live in Denver, Portfolio