Some new apartments could be on the horizon for downtown Grand Junction.
On March 25, the Downtown Advancement Authority Board of Administrators were being pitched Ivity Lofts, a 52-unit condominium intricate by Jamis Providers, a real estate business in Denver.
“It’s quite preliminary,” mentioned Brandon Stam, government director of the DDA. “Right now they’re creating and building positive anyone is on board.”
The space in problem is at 600 White Ave., the place White Hall stood for around half a century before a fire in September 2011 gutted the constructing.
The town purchased the residence and demolished it a handful of many years later. Numerous developers have arrive in wanting to develop housing but absolutely nothing has appear to fruition.
Infilling open place with housing has been a priority for the DDA for a though, Stam said.
Christi Reece, Realtor and chief of the Christi Reece Team at 128 N. Fifth St., Suite 1A, reported that there’s a demand for housing in the area.
“I believe we have to have each and every sort of housing downtown that we can get,” Reece claimed. “Anything that pops up ideal now is filled really swiftly.”
There’s a dust plot in the vicinity of the outdated R-5 Substantial Faculty Creating at the corner of Seventh Road and Grand Avenue, far too. Reece reported her team has been performing on creating townhomes to capitalize on the demand and deficiency of supply.
Extra folks are going to Grand Junction and Mesa County, she said, and the area’s housing infrastructure requirements to preserve rate.
“It’s super incredibly hot. Individuals like getting shut to downtown, and we have a vibrant a single below,” Reece mentioned.