VIDA at Sloan's Lake

Project Description 

Denver Housing Authority's new ground-up mixed-use senior housing development on approximately one acre of land along W. Colfax between Perry St. and N. Quitman St. will include 176 units of senior housing, a health clinic, and an adult day center.

The development will be programmed to create a vibrant community focused on healthcare services, healthy food and lifestyles, and senior services that allow seniors to age in place. It is anticipated that a healthcare provider that will operate a clinic on the first floor of the building, and the second floor will be entirely programmed as a health-focused adult day center, potentially including a food delivery hub/farmers market, cafeteria, fitness program, and an ADA accessible community garden on an outdoor terrace.

Like with all of DHA's developments, the team is striving to build to LEED Gold certified or better, with both solar and geothermal systems to offset the building's energy demands.

This development will further DHA's commitment to exceptional energy-efficiency, utilization of renewable energy resources, and creating healthy, safe living environments while playing an important role in the revitalization of Colfax Street and the adjacent St. Anthony's redevelopment.

The project will utilize 4% & 9% LIHTCs and other affordable housing financing tools.

The project is part of a large initiative representing a shift in philosophy and approach by the Authority to bring the for-profit sectors into partnership with the Authority and to provide an opportunity for the Authority to leverage its resources to provide capital improvements required for the development effort on each respective phase.

During design, Pinkard (as CMaR) provided exceptionally accurate and creative preconstruction services, working closely with DHA and Parikh Stevens Architects to increase unit density from a 64-unit, $8 million project to 176 units and more than $40 million with underground parking and medical services. Also during the budgeting phase, Pinkard found savings in waterproofing systems and exterior skin. Later in the project, Pinkard returned savings to DHA that allowed the owner to upgrade to the original, more complicated skin system. DHA enjoyed a very predictable budgeting phase thanks to Pinkard’s 0% variance between our design development (DD) estimate and the guaranteed maximum price (GMP).