The development will be located on one of three adjacent parcels at 1811 Lincoln and is part of a larger, 93,000-square-foot acquisition of land executed and closed by Zocalo on behalf of the Foundation. The acquisition also includes a parcel of land at 1830 Broadway and a 320-space parking garage at 1855 Lincoln. Funding for the transaction was provided by Citywide Banks while the Emily Griffith Foundation was represented by the Denver-based law firm of Otten Johnson. Zocalo and the Foundation plan to break ground in the second half of 2016, 100 years after the Emily Griffith Technical College first opened its doors.
In a phone call with Iván Anaya, development manager of Zocalo Community Development, he stated that renderings are not yet available and the height of the building has yet to be finalized. Anaya did state that the project could potentially be up to 20 floors in height.
The development will include 200 apartments for families that earn between 50 to 90 percent of the area’s average income. A daycare center, and a workforce development center ran by Emily Griffith will also be included.
“With this purchase and future development, the Emily Griffith Foundation has taken a big step toward a financially-sustainable future and an increased role in the support of Emily Griffith Technical College,” said Alby Segall, president of the Foundation. “Our intention is to be a catalyst for economic growth and social enterprise in the rapidly growing neighborhoods to the north and east of downtown. We are excited about the continuing partnership with Zocalo Community Development.”
Zocalo has also developed Denver’s Cadence Union Station, 2020 Lawrence Street, Solera Apartments and RiverClay Condominiums.
“Over the past century Emily Griffith Technical College has contributed immeasurably to the growth of Denver’s middle class. Zocalo is excited to collaborate with the Foundation on an innovative, reproducible project that will increase the Foundation’s capacity to support the Technical College in an unprecedented manner. Community impact projects such as this embrace Zocalo’s commitment to serving community through real estate development,” said Anaya.