[TakeFive]

Me & Bobby McGee plus a few buddies decided "Why pay High $ rent when we can buy Cheap Condos"



Photo Courtesy City of Denver via Fox 31/BusinessDen

La Tela


Rendering Courtesy Elevation Community Land Trust via Mile High CRE

Construction begins on 92-unit income-restricted condo building in Lincoln Park
Jul 8, 2020 By Thomas Gounley - BusinessDen

A groundbreaking ceremony was held last week for La Tela, which is going up at 603 N. Inca St., a corner lot along 6th Avenue. The project is being developed by the Elevation Community Land Trust and Shanahan Development; the Urban Land Conservancy is also involved.

All the units will be reserved for buyers making up to 80 percent AMI, which currently translates to $54,950 for a single-person household or up to $78,500 for a four-person household. Initial pricing for the units ranges from $149,900 to $199,900.