Phoenix on the Fax
Project Value: $10.5 Million
Overview / Details
Sherman Associates brought its expertise in urban redevelopment to Denver with the Phoenix on the Fax project. Located southeast of City Park along Colfax Avenue, and midway between downtown Denver and employment centers in the Fitzsimmons redevelopment area. It represents the first new construction development in an area of Denver quoted to have an “infamous” past.
Phoenix on the Fax has garnered the support of The Fax Partnership, Denver City Council, Denver Office of Economic Development, State of Colorado, HUD, Colorado Housing Finance Agency, and local investor RBC Capital Markets.
The new construction project features 50 affordable rental units and 4,500 SF of retail space. Completed in February of 2012, Phoenix on the Fax had tremendous interest from renters and leased up very quickly.