April 11, 2013
From The Denver Post, By John Mossman http://www.denverpost.com/realestate/ci_22997525/brookfield-begins-development-midtown-neighborhood-adams-county
For decades, two large plots of land sat vacant in unincorporated Adams County, 5 miles from downtown Denver. Immediately to the west was the Hamilton Sundstrand plant, an aerospace and industrial-products manufacturer that owned all three properties.
Now, new homes are rising from the 184-acre site at West 67th Avenue and Pecos Street. Brookfield Residential
is developing a new neighborhood called Midtown
, which it is billing as an alternative to the increasingly pricey Highland.
The company has five model homes on the site, with about 50 homes scheduled to be built this year and a total of about 1,000 — plus 300 apartment units — when the project is complete. Five acres also are being devoted to retail development. Brookfield Homes and David Weekley Homes are both building on the property, with homes priced from the high $200s.
The Hamilton Sundstrand plant ceased operations in 1997 and was later torn down. Cleanup efforts began on contaminated soil and groundwater on the 47-acre plant site.
Once cleanup efforts are completed — probably by the end of 2014 — that site will be converted into a park.
Minor groundwater contamination was detected on portions of the remaining property, and that cleanup has been completed, according to state health officials, who have deemed it a safe place to live.
"Sundstrand had contamination issues, and because of liability concerns, they refused to sell it to anybody," said Tom Morton, Brookfield Residential senior vice president. "They put a chain-link fence around it. We came along at the right time that the technology became available to clean up the groundwater, and we were able to strike a deal."
It took Brookfield five years to clean up the residential portion of the site. After the recession, the first foundation was dug last September.
"The thing that attracted me to this site was it's got an unbelievable transportation network," Morton said. "It sits in the middle of I-70, I-25, I-76, Broadway and light rail. You can be downtown in 10 minutes; you can be in Boulder in 20 minutes."
Brookfield isn't the only developer settings its sights on the area north of downtown.
Ascendant Development plans a mixed-use project at the intersection of Interstates 70 and 25. Company officials noted that while the area is close to downtown and the popular Highland neighborhood to the west, real estate prices in the area remain low.
"We're not going to replace what Highland is," said Brookfield's Morton. "It's a special kind of place. We're an alternative, just 3 miles away."
Take a closer look at the Midtown development here