Hotel along Park Avenue comes down to make way for apartments (opens original article in a new tab)

The former La Quinta hotel on Park Avenue is being demolished to build 60 income-restricted apartments for people earning up to 60% of the area median income. The Colorado Coalition for the Homeless purchased the property in 2021 and secured financing including tax credits and a construction loan.

• The La Quinta hotel is being demolished to make way for 60 income-restricted apartments.
• The Colorado Coalition for the Homeless bought the property for $11 million in 2021.
• The project received $2.3 million in tax credits and a $15.3 million construction loan.
• The apartments will be one-bedroom units with supportive services for residents.