s. lowell apartments

96 units total / 2 buildings (68 remodeled units + 28 new units + community space)

18 / 1-bedroom units; 72 / 2-bedroom units; 6 / 3-bedroom units; 3 laundry rooms; community room; on-site management offices; on-site maintenance office & storage

dedicated to residents at 30% AMI or less

The S. Lowell Apartments owned by the Denver Housing Authority (DHA) was an aging family site that had reached its life span. It had leaking pipes causing mold, structural damage and inefficient heat for both the units and hot water. As with any prudent developer, the goal was to use the site for its highest and best use at the most affordable cost. Working together, WORKSHOP8 and Pinkard Construction helped the DHA find a way to obtain 96 units using the existing units and adding 28 additional units, saving them $5M over the estimated cost of tearing the existing structure down and rebuilding 96 new units, the maximum allowed based on City parking requirements.

This affordable housing project rehabilitation and redevelopment includes the renovation of a 1970s-era, 64,500 SF, 68-unit apartment building and the construction of a new 28-unit, 27,400 SF four-story energy efficient building within the existing courtyard. The existing 68-units received major interior and exterior renovations. The budget on this project was maintained through a close collaboration between the Architect, Owner and General Contractor.

The integrated design approach helped the team create a “building within a building” which allowed them to build the site out to maximum density while screening the new four-story structure behind the existing two story building. This approach had many valuable outcomes including fitting in with the scale of the neighborhood and effectively making the new 4-story structure “disappear”.

4% LIHTC

Energy Performance Contract

Capital Funds

Chase Bank for construction debt including use of Private Bond cap

Built to Enterprise Green Communities Standards

Meets Housing Authority’s Energy Performance Contract guidelines

High density, access to open space, mass transit and local retail shops; low-flow fixtures; efficiency lighting and boilers; efficient and innovative storm-water management

100,200 SF; site size 3 acres

$10,833,893

4727 S. Lowell Denver CO

Winter 2012 — Pinkard Construction Starts Rehab of 4725 S. Lowell / Colorado Construction & Design Fall