Record Per-Square-Foot Price Established by Brokers with Kentwood City Properties in Denver’s Five Points Neighborhood

Posted by Douglas E. Lierle — May 17, 2016

1463505849DENVER, CO – Bill Verdon and Andrew Gonzales, leading Broker Associates with Kentwood City Properties, recently closed on a home in Denver’s revitalized Five Points neighborhood at $480 per-square-foot (PSF), a record price for the historic community.  During its first three days on the market, the home had 60 showings and 23 offers submitted to the owners. 

These exceptional numbers are representative of the dramatic transformation that is continuing in the Five Points neighborhood.  Located at 2546 Emerson Street, the home is located just one block from Welton Street where the vibrant metamorphosis of Five Points is at a feverish pitch.

“This area is undergoing a dramatic transformation with many popular bars, restaurants, cafes, coffee shops, and Rosenberg’s Bagel Shop have changed the look and feel of the neighborhood,” said Verdon.  “There are currently more than 1,300 residential units under construction or scheduled for construction along Welton Street from 21st to 29th, and this is only the beginning.  Many vacant store fronts are currently undergoing a major remodel or waiting for new businesses to arrive.

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“An upscale wine and liquor store just opened at 28th and Welton to local fanfare,” Verdon continued.  “The new Dunbar Kitchen and Tap House is known for its great happy hour and dog-friendly patio, which is accessed from the alley.  And the Spangalang Brewery is quickly becoming a neighborhood favorite.  Watching the transformation of Five Points has been amazing.” 

Both Verdon and Andrew Gonzales, who previously lived in LoDo, have lived in the Five Points neighborhood for over 10 years, so their knowledge of the area is unsurpassed in the real estate arena.

“The hub of Welton is the long closed Rosonian Hotel where many jazz greats played in the 40s and 50s,” said Gonzales.  “Residents are waiting patiently for a major transformation of this beautiful landmark, which may begin as early as next year.  One only needs to drive around this neighborhood to see updated Victorians, mansions, and charming bungalows alongside new construction on nearly every block.  With light rail access, it makes it easy to get anywhere in the city or suburbs with just a short walk to the station.”

Five Points is one of Denver’s oldest and most diverse neighborhoods.  The district was once known as “The Harlem of the West” because it was a frequent stop for jazz legends, including Billie Holiday, Louis Armstrong, and Miles Davis, who played in Jack Kerouac’s On the Road.

Today, Five Points residents live in a fascinating fusion of old and new.  Visitors can stop in at innovative coffee houses and craft breweries, visit museums telling stories from the past, or eat beloved soul food and enjoy barbeque institutions.

For more information on real estate opportunities in Five Points and throughout the Denver area, contact Bill Verdon at 303.489.5217, email bill@kentwoodcity.com, and Andrew Gonzales at 303.489.1197, email andrew@kentwood.com.

About Kentwood City Properties

Kentwood City Properties, formed in 1999, is the newest member of Kentwood Real Estate, known nationally as Denver’s premier real estate company.  The company’s street-front office at the corner of 17th and Wynkoop Street, right across from Union Station is comprised of 52 of metro Denver’s most experienced real estate professionals serving residential buyers, sellers, and developers, and commercial real estate services for buyers, sellers, landlords and tenants.  For more information phone 303.820.CITY (2489), and visit online at www.kentwoodcity.com or just stop by and visit us across from Union Station.

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