After much anticipation, The Burrell pre-sales have started! In collaboration with Elevation Community Land Trust and developed by Shanahan Development, this unique, permanently affordable homeownership opportunity is unlike any other in Denver. The building is slated to be completed in January 2024 with units ranging between $205,000 - $315,000. There are one, two, and three bedroom units available for households earning under 80% of the Area Median Income.
The Burrell brings to Denver 49 affordable condos nestled in the vibrant heart of Five Points bordered by the South Platte River. The project is Inspired by legendary musician Charles Burrell, an influential jazz musician, and an indelible figure in the history of American music. Burrell's remarkable talent and dedication to his craft led him to become one of the most prominent bassists of his time.
Affordable housing is more important than ever. Denver’s growth over the last decade has led to increased home prices, which in turn has priced residents out of neighborhoods and made homeownership out of reach for many as wage growth has not increased at the same pace. Invalesco understands the need to continue to help bring affordable living options to the residents of Denver and continues to partner with ECLT, whose mission is to provide opportunities for Colorado families to remain in their communities for generations using the community land trust model.
To learn more, check out: TheBurrellDenver.com.