In a world where developers typically maximize density on residential projects, River Meadow LLC has taken a different approach, with the 20 townhomes and eight condos that make up Tejon34 surrounding an inviting common courtyard.
“We could have built more on the site, but we thought the responsible way to design the project was to give our residents a place to gather and interact with each other,” said Ray Kawano, managing partner of River Meadow. “The townhomes give buyers a contemporary urban living option in the heart of a culturally diverse neighborhood that has a blend of restaurants, shops and community events.”
With front doors and porches facing the street or the courtyard, Tejon34 also offers residents the opportunity to connect with the surrounding community, unlike many of the newly built projects in LoHi where the front doors are accessed through an alley.
With the first three phases of Tejon34 sold out, townhomes in the final two phases will hit the market on Jan. 29 with prices ranging from $750,000 to $1.25 million. The 24-foot-wide residences at the corner of West 34th Avenue and Tejon Street range in size from 1,872 square feet to 2,928 square feet and feature energy-efficient systems combined with environmentally sensitive, locally sourced materials, including brick, stone and steel.
“Homes that have design sensitivity to the neighborhood sell for more per square foot than homes that have less thoughtful design,” said Paul Tamburello, broker/owner of Generator Real Estate, which is marketing the property in conjunction with Red Chair Realty Advisors. “This is a community of buildings that, because of the quality of materials and attention to detail, will hold their value and stand the test of time.”
Kawano has taken a hands-on role in overseeing the planning, design and construction teams from the onset of the project. He played a similar role in 3650 Osage, a townhome development within a few blocks of Tejon34.
With newly built homes scarce in Denver’s trendy LoHi neighborhood, Tejon34 gives prospective buyers the opportunity to purchase a residence in one of the city’s most sought-after neighborhoods.
The homes are hitting the market just as escalating apartment rents and low interest rates are prompting many renters to consider buying. The average rent for all units in the Denver area at the end of September was $1,291.85, 12.8 percent more than the $1,145.49 reported during the third quarter last year.
Rick Flanagan, broker/owner of Red Chair Realty Advisors, says interest in the townhomes already has been strong — especially from empty nesters living in the suburbs who now want to be in the city closer to Denver’s top restaurants and the action downtown. The $250 monthly HOA dues pay for exterior and roof maintenance, sewer, water, snow removal, insurance and grounds maintenance.
“The 24-foot-wide floor plans make these townhomes feel like single-family homes,” Flanagan said. “And with the reasonable homeowners’ association dues, the services that come with them are unmatched.”
About River Meadow, LLC
River Meadow, LLC is a residential developer in Denver, specializing in upscale multi-family townhomes and condos in the vibrant Highland/ North Denver community. The company and its investors consist of family members with deep roots in North Denver, spanning four generations.
River Meadow integrates all aspects of a project under its leadership. This allows planning, design and construction to be performed almost seamlessly. The outcome is a final product of un-compromised quality and integrity.
River Meadow homes are characterized by the use of environmentally conscious materials, thoughtful and efficient floor plans as well as unique and refreshing design elements.
About Generator Real Estate & Development, LLC
Generator is a real estate and development firm specializing in the Highland area where it continues to be a driving influence in developing the North West Denver community. Paul Tamburello, who has lived and worked in Highland for 20 years, leads his talented team in serving the needs of Denver-area property owners.
About Red Chair Realty Advisors, LLC
Founded by Rick Flanagan in 2001, Red Chair Realty provides a full range of services including builder concierge services, site selection, design & finish consult, marketing and sales. The firm is a trusted partner in setting sales targets, identifying opportunities and by providing buyer-driven sales targets & results. The Red Chair team offers more than 50 years of combined experience, ensuring its clients the best path to success in their quest to buy and sell real estate.
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