Apartments are being considered for a location along Speer, just north of downtown.

In the past few years, the area along Speer Boulevard north of downtown has seen a rise in the construction of new residential buildings. And now, an Aspen firm wants to join in on the action.

Pagewest, a private investment firm, has submitted plans to the city for a new apartment complex. The proposed development would consist of two seven-story buildings on either side of Bryant Street, connecting 29th Avenue and Speer. In total, there would be 293 units, with an average size of 735 square feet, ranging from studios to two bedrooms. And for those who own a car, there would be a total of 299 parking spaces available.

Unfortunately, Pagewest did not respond to our request for comment on their plans. However, we do know that the 1.92-acre site is owned by Jan Christensen, the widow of the late Robert Christensen. Robert was the founder of Aspen Gold Realty, located at 2870 Speer Blvd, which is part of the proposed development site. While Robert passed away in 2013, his firm is now run by his son Michael. We reached out to Gold Realty for comment, but received no response.

The 1.92-acre site is not a single parcel of land, but rather a collection of various properties that have been acquired over the span of 40 years. Some were purchased in the 1980s, while others were bought as recently as 2021, according to public records.

The area along Speer from downtown through the 29th Avenue intersection has caught the attention of many developers. Just a short distance away, north of the Speer and Zuni Street intersection, sits a Residence Inn hotel. And last spring, San Antonio builder Kairoi Residential proposed a five-story, 465-unit complex on a 4-acre lot in the same area.

Next door to the proposed development site is 2800 Speer Blvd, which was purchased by San Francisco-based apartment developer Carmel Partners for $10 million two years ago. The company's plans include the construction of two five-story apartment buildings, with 79 and 110 units respectively. Across the street and slightly further north is 2881 Speer Blvd, where a four-story, 28-unit condominium building was recently completed.

It's clear that this stretch of Speer Boulevard has become a hot spot for development. And as the area continues to grow and evolve, we can expect to see more exciting projects like this one in the future. To stay updated on all the latest real estate and business news, be sure to sign up for our weekly newsletter, On the Block.

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