Colorado Boulevard in Eagle Rock is better known for its shops and restaurant than a place to live. But later this summer, a new, three-story apartment and commercial building at Colorado and Hartwick Street will test the demand for high-end, residential living on the boulevard.
While some homes and apartments have long been scattered amid the storefronts and strip malls of Colorado Boulevard, the success of The Monarch, which consists of eight, contemporary-style apartments and three commercial spaces, could convince others to build more housing along Eagle Rock’s main street. In fact, in addition to prospective tenants, developers who are in the process or looking at building on Colorado Boulevard have stopped by to take a closer look at The Monarch, said architect Javier Gonzalez of Tyler Gonzalez Architects, which designed the building.
“It’s got pretty good possibilities,”Gonzalez said of future Colorado Boulevard housing development.
Initially conceived as for-sale housing, units the two-story units in the Monarch range in size from two to three bedrooms and include rooftop terraces and high ceilings and small private yards.
The owner of the project, which has been in the making for several years, is expected to soon announce rental rates for the apartments. The plan is initially to rent out the units before offering them up for sale depending on the condition of the real estate market. The units are expected to become available in July but potential tenants, including those looking for corporate housing, have been coming to the site for some time, Gonzalez said.
“There are some people going every other day” asking about the apartments, he said.