We were quite excited to open the Denver Post this past Sunday to find one of our favorite developers, Ray Kawano, smiling back at us from the front page of the paper’s business section. Ray’s River Meadow development company is behind Tejon34, one of the upscale condominium/townhome projects featured in the article as proof of the Highland neighborhood’s resurgence. The development, located in the heart of Highland at 34th and Tejon Streets, launched in 2011 with an initial phase featuring five, three-bedroom townhomes.
Last summer, River Meadow broke ground on the second and third phases of the development, which will add five townhomes and eight condos to an area that is very much in demand, according to the article. In fact, two of the townhomes area already under contract, even though they aren’t slated for completion until later in the first quarter. The condo should be available sometime in the second quarter.
Paul Tamburello of Red Chair Realty Advisors, which is marketing Tejon34, notes that even with the uptick in luxury developments, Highland still suffers from a lack of inventory. Many of the new buyers looking to snap up property in the neighborhood are empty nesters, who are drawn to Highland’s restaurants, art galleries and community gatherings.
|A view of the living room in one of the townhomes built in Tejon34’s first phase.|
That demographic could be a perfect fit for Tejon34’s units, particularly the new townhomes, which will feature private, rooftop decks, European kitchen designs and customizable basements. The project will eventually include a total of 28 homes.