New Eco-Friendly Townhome Development Breaks Ground in Denver's RiNo District
Alloy on Lawrence, a new environmentally conscious residential project, has broken ground at 32nd and Lawrence in Denver’s RiNo (River North) neighborhood. The townhome development is represented by GreenSpot Real Estate and is part of a growing trend of green-built, above-code properties in the RiNo district, where another GreenSpot project, Factory Flats, recently broke ground.
Developed by Fuse Living, a family-owned, Denver-based, community-conscious and sustainability-focused company, Alloy on Lawrence is scheduled for completion in fall 2016 and will have seven residential town homes for sale with three different floor plans. The units will combine modern-day detail with industrial style and will feature hardwood floors, stainless steel appliances, quartz countertops and outdoor roof decks or balconies.
Each unit will be Energy Star certified and solar powered, which not only prevents air pollution but also translates into lower utility bills for the residents. Through the use of Indoor Air Plus, which uses products and materials that are free of toxins and chemicals, residents will stay comfortable with consistent temperatures and improved air quality inside the unit.
“Alloy on Lawrence will be a great solution for young professionals who not only want to be a short walk to RiNo’s great restaurants and shops but also value living in a sustainable, green home,” said Tracye Herrington, co-owner and co-founder, employing broker, GreenSpot Real Estate. “Instead of just meeting the bare minimum in terms of green-building requirements, we are going the extra mile with this property. Our goal has always been to effect climate change in the built environment, and Alloy on Lawrence is part of that mission.”
The complex is part of an upward sustainable development trend in the neighborhood. As people continue to move to RiNo in droves, the green-building activity will only increase. The number of downtown Denver residents is expected to grow by almost 18% in the next five years, and sales of office, industrial, land and multifamily housing properties in RiNo have already reached $365 million in the past two years.
Located just north of Downtown Denver, RiNo is known for its profusion of creative businesses. Originally an industrial area with mostly warehouses, artists began moving into RiNo about 10 years ago and today, architects, art galleries, designers and studio spaces abound. Alloy on Lawrence is located just steps from The Populist, Curtis Park, Walnut Room, Novo Coffee and countless other bars, restaurants and galleries.
“RiNo is hot, and investing in a property in the neighborhood now is a smart thing to do,” said Melissa Baldridge, co-owner and co-founder, Green-Building Solutions Provider, GreenSpot Real Estate. “Few neighborhoods have as much short-term growth potential as RiNo. It is already a cultural hotspot, but soon it’s likely to become one of the liveliest parts of Denver. Who wouldn’t want to live here?”