ADAPTIVE REUSE · HOUSING
PUBLIC FINANCE · HISTORIC PRESERVATION
The Quayle
106 workforce housing units at 60% AMI created through the adaptive reuse of a condemned Denver Landmark. The Quayle became Denver’s first publicly funded micro-unit housing project, using a layered capital structure that included LIHTC financing, Historic Tax Credits, and Tax Increment Financing. The financing was integrated with an equally complex historic preservation and adaptive-reuse strategy.
WHAT THE FIRM AND iMPAX REAL ESTATE GROUP LED
01
106 workforce housing units at 60% AMI created through the adaptive reuse of a condemned Denver Landmark. The Quayle became Denver’s first publicly funded micro-unit housing project, using a layered capital structure that included LIHTC financing, Historic Tax Credits, and Tax Increment Financing. The financing was integrated with an equally complex historic preservation and adaptive-reuse strategy.
02
Led the historic preservation strategy for the condemned First Avenue Hotel, securing state and federal historic-register designation and navigating Denver, state, and National Park Service requirements. The completed restoration received Historic Denver’s 2019 Community Preservation Award.
03
Led the Historic Tax Credit, Tax Increment Financing, LIHTC, and entitlement processes, integrating financing, preservation, design, affordability, and adaptive reuse to make 106 workforce housing units at 60% AMI financially feasible.
04
Built consensus among the City, CHFA, and DURA around an unprecedented publicly funded micro-unit model, resolving concerns that could have prevented the project from moving forward.
05
Coordinated City, Denver Water, and RTD approvals to create Snooze’s patio and secure a neighborhood-requested ground-floor amenity.
