The scraping of Denver: bye-bye bungalows; hello townhomes, duplexes and mansions
On one stretch of West 13th Street a block south of West Colfax Avenue, every street for 10 blocks has had at least one lot scraped and developed in the last three years.
That puts the West Colfax neighborhood, where rows of townhomes are replacing 100-year-old bungalows, near the top for scrapes competing with hot spots in Sunnyside and East Wash Park.
About 1,200 structures have been demolished and replaced with new ones since 2016, according to data provided by the City of Denver and analyzed by BusinessDen.
Sloan’s Lake, Berkeley and East Wash Park had the most scrapes, according to the data. And scrapes in the last three years have pushed into previously untouched streets that developers bypassed for decades, such as Sheridan Boulevard and 38th Street.
LoHi and Sunnyside scrapes primarily become two-family units. Broker Skyler Moore with Modus Real Estate said that while he works on multi-unit scrapes and builds in the West Colfax neighborhood, he has listed up to 30 duplex units in the last three years in the LoHi and Sunnyside neighborhoods.
Homes in Hilltop and East Wash Park are being replaced with bigger single-family homes. And East Wash Park ranked No. 3 for the number of scrapes, trailing just Berkeley and Sloan’s Lake.
Larry Larsen, a home builder/developer with Larsen Development, has scraped and built 45 custom homes for clients in Wash Park in 10 years.
“I live in the neighborhood,” Larsen said. “It’s a very stable location. … Even when we go through a recession, the values stay.”
For the full story and for more information on the scraping of homes in different neighborhoods and their values, visit Business Den