Denver VA Medical Center
1055 N Clermont Street — Denver, Colorado
Eight and a quarter acres of shut-down VA hospital, coming back as 493 apartments, financed through HUD's 221(d)(4) program alongside the full historic credit stack. Complicated campus, complicated floor plates, and a federal underwriting track running right beside the preservation review. Somebody built this place for veterans. It is going to house people again.
- Original use
- VA Hospital
- New use
- 493 Apartments
- Size
- 550,000 SF
- Total investment
- $190MM
Incentive stack
Federal Historic Tax Credit — 20%
Colorado State Historic Tax Credit
HUD 221(d)(4) construction-to-permanent financing
Utility energy rebate
