Founded in 1988, Urban Peak is the only non-profit organization in Denver that provides a full convergence of services for youth ages 15 through 24 experiencing homelessness or are at imminent risk of becoming homeless. Programs, services and assistance are provided to support the youth and young adults with the goal of becoming self-sufficient and safe.
For more than a decade, Urban Peak has operated a 34-unit apartment building in central Denver, owned by the City’s Department of Human Services, to provide transitional housing for these homeless youth. Understanding the City’s intent to sell the property and Urban Peak’s interest in purchasing it, it became essential for all parties to agree on the terms.
In 2013, City Projects was retained to facilitate--what ultimately became--a successful transaction. The Colorado Division of Housing provided $750,000 for Urban Peak to acquire the property to ensure that the building would remain as housing for formerly homeless youth and young adults.
Currently, City Projects is acting as Project Manager for the renovation of this 11,830 square foot mid-century apartment building. This facility will continue to provide much-needed housing and will provide ongoing support for youth and young adults to complete their education or obtain employment. Completion is scheduled for mid-2014.
Location: 1548 Ogden St.
Project Cost: $5,500,000
Project Manager: City Projects, Inc.
General Contractor: Pinkard Construction
Financing: Denver’s Office of Economic Development, Colorado Division of Housing, Federal Home Loan Bank
Grants: Energy Outreach Colorado