Colfax Avenue, which began long ago as a Native American trading route, has been through many transformations over the years.
It was the gateway to the region’s mines and rivers during the 1850s gold rush era. It was a mansion-lined thoroughfare that the nouveau riche called home. Later in the twentieth century, it was dubbed the “longest, wickedest street in America.”
Colfax has seen it all.
Over the past decade, metro Denver’s most famous (sometimes infamous) street has undoubtedly been experiencing another rebirth. Many local historians will tell you this is the best version yet.
Surprisingly, that rebirth is most evident when you look at the recent growth and development around Lakewood, CO’s Colfax real estate.
What’s Happening in Lakewood, Colorado Colfax Real Estate?
When you think of Colfax, you may think first of Aurora or Denver, but the stretch of the avenue that runs through Lakewood, Colorado is perhaps the section enjoying the most exciting renaissance.
Colfax has been a conduit in the growth of real estate in northern Lakewood neighborhoods and communities like Heverly Heights, Eiber, Applewood, and Edgewood.
Here’s a recap of the major players and the new Colfax-centered developments that have transformed the area in recent years:
Lakewood Reinvestment Authority and Lakewood West Colfax BID
The Lakewood Reinvestment Authority’s mission statement since 1997 has been to spur private investment in targeted areas of Lakewood, with the Colfax Avenue corridor being a key focus going back as far as 1999.
The Lakewood West Colfax Business Improvement District was formed by local property owners and authorized by city government in 2011. Their influence is instrumental in the successful growth of the area over the past six years.
40 West Arts District
Anchored by the Rocky Mountain College of Art + Design, the 40 West Arts District is leading the economic and creative revitalization of the area with its numerous art spaces and events that are open to the public. It’s one of only 18 certified creative districts in the state.
Lamar Station Plaza
Major improvements to the Lamar Station Plaza have also been a game-changer. The retail center is home to tenants like WestFax Brewing Company, Gallery of Everything, Lakewood Arts Gallery, Planet Fitness, and Casa Bonita, making it the main center of attraction within the 40 West Arts District.
W Line Corridor Developments
The W Line is a new city-to-western-suburb light rail line that connects Lakewood to downtown Denver. Along this line, more than 2500 new residential units have already popped up or will soon.
40 West Residences at Colfax and Gray, luxury townhomes at Mountair on 10th Avenue, and the West Line Flats are just a few of the noteworthy developments that are changing this sector of Lakewood CO Colfax real estate.
The EDGE Theater is a cultural hub of its own. In just its first couple years of existence, it already has become one of the must-see spots in the metro Denver theater scene.
The Lakewood Colfax Renaissance Continues
That’s only the beginning of what’s going on in Lakewood’s stretch of Colfax Avenue. Billions of dollars have been invested in this stretch of real estate, and yet another billion is earmarked for future development.
Retailers and metro Denver home shoppers are both already talking about the the Lakewood Colfax corridor as one of the most attractive locations in the region. It’s exciting to think about what may come next.
Is Lakewood Colfax real estate a part of your home search? It needs to be.
If you want a jumpstart on understanding the local housing marketing and finding the best value for your budget, you should talk to me.
I’m Carla Knight, award-winning broker and Lakewood real estate specialist. Call me at 720-626-9747 to talk about how you can achieve your unique real estate goals in Lakewood!