Westside Investment Partners and The Holleran Group share plan for new parks and housing
DENVER (Sept. 7, 2022)—Westside Investment Partners and The Holleran Group, the development team for the former Park Hill Golf Course, today shared their vision to build several hundred units of new affordable housing, which is more than double the city’s new EHA requirement. The development team announced earlier this summer that it will dedicate more than 100 acres of land, including land for Denver’s newest regional park, at the defunct golf course.
“Denver residents, and the local community, all recognize the urgency in building more high-quality housing that people can afford,” said Kenneth Ho, principal at Westside Investment Partners. “Our proposal, which includes more than 100 acres for new parks and open spaces, is better suited to meet Denver’s needs than keeping this land private and underutilized by the community.”
The major elements of the development team’s proposal include:
- Hundreds of affordable homes: Several hundred new affordable rental and for-sale homes, including family-sized units
- Nearly 25% will be dedicated as permanently affordable: Allocation of affordable housing more than double the city’s new EHA requirements
- Attainable for-sale housing: Half of all affordable units will be for-sale homes priced at 70-120% AMI to meet housing needs for families, seniors, and Denver’s workforce
- Affordable rentals: Deeply affordable, high-quality rental units will begin at less than 30% AMI, and will include highly coveted 2- and 3-bedroom units
The development team will continue to refine the proposal based on feedback from the city and the community throughout the public process. The information was presented at a public community information meeting as part of the development team’s Large Development Review (LDR) application and is informed by more than 18 months of comprehensive public engagement, community input, and an inclusive visioning process. The developer’s proposal will also meet or exceed the recommendation’s in the city’s draft Small Area Plan.
“This community has made clear it would rather have new housing that people can afford, and new public parks and open spaces, instead of keeping it for exclusive use as a golf course,” said Norman Harris, CEO and managing partner at The Holleran Group. “The details shared tonight include important opportunities for families and locally-owned businesses to build generational wealth and equity.”
The golf course ceased operations in 2018, and the site remains private property and closed to the public. To be adopted, the draft plan must go through the public legislative process, which involves a public hearing and vote by both the Denver Planning Board and City Council.