Palace Construction awarded the Fruitdale Lofts historic renovation project
Wheat Ridge historic building to transform into eco-friendly, affordable residences
Hartman Ely Investments has selected Palace Construction as the general contractor for its latest restoration project, an affordable housing development converted from the historic Fruitdale building in Wheat Ridge. Hartman Ely Investments is working on the development of the new project with Palace Construction and The Abo Group, a firm dedicated to sustainable architecture. Fruitdale Lofts is scheduled to be completed in late 2017.
The project will provide workforce and affordable rental units to the rapidly growing area, reserving five units for income restricted residents. The 13,700 square-feet Fruitdale Lofts project is set to incorporate sustainable environmental features into the building’s amenities, including a solar power system, which will qualify the property for approximately $100,000 in solar tax credits, complimentary electric car charging stations, and energy and water efficiency systems. The Fruitdale Lofts’ one-, two- and three-bedroom apartments will also provide tenants with access to a parking lot landscaped with numerous fruit trees to pay homage to the history of the neighborhood, which historically contained many fruit orchards.
“The Fruitdale Lofts will bring new life to this part of Wheat Ridge, and Palace Construction is honored to be a part of this project,” says Maggie Bolden, Director of Client Relations, Palace Construction. “The Fruitdale Lofts bring together three different initiatives that mean a great deal to Palace Construction: sustainability, historic renovation and affordable housing.”
Originally constructed in 1886 as an educational building, the Fruitdale building later burned down and was resurrected in the 1920’s by the famed Temple Buell. The building has since become a historic landmark in the city of Wheat Ridge and on the National Register, making its restoration an initiative to keep the piece of history intact in a growing area. The project brings together the beauty and craftsmanship of the past and the energy efficiency and sustainability of the present.
Palace Construction's involvement in the development of the Fruitdale Lofts comes after the company’s participation in the development of the Northfield@Stapleton Project by the Northeast Denver Housing Center, The Sewell Child Development Center, the redevelopment of an existing office into the new Ruben Valdez Achievement Campus for Denver Public Schools, and CityScape at Belmar. Palace Construction’s commitment to sustainable construction and the renovation of the community’s most treasured structures has made the construction company an authority in commercial projects in the Denver-metro area.
About Palace Construction
Since 1963, Palace Construction has been building structures and relationships of integrity throughout the Rocky Mountain region. Today, our distinct Commercial, Restoration and Emergency Services divisions assist clients in all areas of commercial and residential construction and on projects of every scope. It is this specialized but integrated approach to service that enables us to focus rapidly on each client’s challenges, develop a strategic pre-construction work plan that meets budgetary and time constraints and deliver a high-quality outcome. For more information, visit http://www.palaceconst.com/.