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New details have emerged about the workforce housing project being developed in downtown for one of Denver’s highest-profile employers.
In June, Denver-based DaVita Inc. (Nasdaq: DAV), a U.S. kidney dialysis giant, partnered with local real estate developers Continuum Partners and Goshen Development to transform a half-acre surface parking lot at 20th and Welton streets into middle-income housing.
The developers in late March submitted more specifics to the city, revealing a project building a seven-story, 94-unit apartment building on the property at 2000 Welton St. in Denver’s Five Points neighborhood.
The workforce housing development will differ from affordable housing in that it addresses a “missing middle,” Haroun Cowans, founder of Goshen Development, previously said.
Work on the project is expected to begin in early 2026 and wrap up in early 2028, according to the plan submitted to the city.
The project will offer a variety of unit sizes, including some two- and three-bedroom options, aiming to attract employees in the health care industry and other professions, Cowans previously told the Denver Business Journal.
The development will also cater to teachers, frontline caregivers and first responders, Peter Berkowitz, DaVita’s group vice president of real estate, development and facilities, told the DBJ.
The units will support middle-income residents and provide financing opportunities for renters earning between 60% and 120% of the area’s median income, Cowans said.
The project’s developers are pursuing bond financing through the Middle Income Housing Authority, a special-purpose authority to promote affordable housing for middle-income workers.
An LLC associated with DaVita purchased the site at 2000 Welton St. last April for $3.25 million, according to public records.
DaVita isn’t directly in the housing business but saw a need for more affordable housing, DaVita CEO Javier Rodriguez told the DBJ earlier this year.
“We know that it’s a drop in the bucket, meaning it’s a big issue we have to challenge,” he said of affordable housing. “Instead of saying, ‘Are we going to solve everything? No.’ But can we solve one thing? Can we help some people? And the answer is ‘yes.’”
The housing project is less than two miles from DaVita’s headquarters at 2000 16th St.
DaVita has about 3,000 employees based out of its two buildings in downtown Denver, according to the company.
Goshen Development and Continuum Partners also have plans to develop housing at 2510 Welton St., the groups’ second affordable housing project in Five Points.