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Aurora OKs first step for condo high-rise

The plan submitted to the city said the construction, which isn't expected to happen for four to five years, would be staggered to slow relocations.

COLORADO POLITICS — Aurora city lawmakers backed the beginnings of a proposed high-rise condominium project this week after the developer delivered on a plan to assist low-income renters who will likely be forced to move in the process.

Any major development of for-sale condos has been a rarity in metro Denver in recent years, with builders instead throwing up one apartment complex after another. State laws were changed last year to make it harder for condo owners to band together on lawsuits against builders over construction defects, but the continued high rents that luxury apartments command still make them attractive to developers.

The re-zoning of 4.8 acres in the northwest portion of the city where the Fitz on 14th apartments are now located was tabled late last month after some Aurora City Council members voiced concerns that the proposed 17-story condo building at that location would eliminate 176 affordable rental units and drive those renters further away from public transportation.

Read more at Colorado Politics: https://bit.ly/2urPLcU

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