Five Points to get 223 affordable apartments

Brent Snyder, left, and Josh Robbins, both with Century Development, stand Thursday on the construction site of an affordable apartment complex at Park Avenue West and Welton Street. (Andy Cross, The Denver Post)

Many of Denver's new apartment buildings claim to target the young adults flocking to the city in large numbers, but their high rents tell a different story. Century Development, patiently and with some financial maneuvering, is proving an exception. Its project at the entryway to Five Points will build 223 apartments affordable to those making incomes in the low $30,000s. "It is a big deal for us to continue to add affordable housing," said Denver Mayor Michael Hancock, whose administration is backing the development. The larger of the two buildings, at 2300 Welton St., will rise four stories and hold 195 units above a 205-space parking garage. A smaller three-story building at 515 Park Avenue West will hold 28 units.

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