Demolition crews have moved into Denver's Lower Highlands neighborhood, clearing a cluster of commercial buildings between North Speer Boulevard and 29th Avenue to make way for 282 new apartments. The teardown, which began last month, marks the latest phase of a development that Aspen-based PageWest has been assembling for nearly a year on a 1.5-acre site along Bryant Street.
The project calls for two seven-story buildings rising on both sides of Bryant Street, according to public records cited by The Denver Post. The project is planned to include 282 apartments.
PageWest paid $8.5 million for the property, according to the Post, though public land records reviewed by the Business Journal show the land was assembled across five separate transactions totaling $8.4 million. The site previously held a mix of retail and office buildings, the Post reports.
Demolition Underway
Demolition is underway at the site as redevelopment proceeds.
PageWest is a recently formed firm led by co-founders Adam Wallace and Zak Holt; Wallace announced the company's creation on LinkedIn earlier in 2026, per the Post. The firm maintains a permanent capital base in partnership with a Mid-Atlantic principal investment partner and focuses on high-barrier-to-entry submarkets across Greater Denver and Colorado's mountain resort towns, according to disclosures on PageWest's own website. The company also lists ongoing projects in Carbondale, Highlands Ranch and Leadville. Holt sent BusinessDen a text saying Wallace's “patience, persistence and leadership” were behind the vision and value creation on the Bryant Street project.
A Corridor Transformed
The project is one of several large residential developments remaking that stretch of the city in rapid succession.
Just down the road at 2777 Zuni Street, Texas-based Kairoi Residential is building a 5-story, 429-unit complex on the site of the decommissioned Residence Inn hotel, which Kairoi bought for $38.9 million in December 2025; crews were dismantling the hotel piece by piece and hauling debris in March. San Francisco-based Carmel Partners, meanwhile, is pursuing its own plans for 189 units across two five-story buildings at 2800 Speer Blvd., according to the Post. Together, the three projects are adding apartments along the Speer Boulevard corridor.
Parking Rules Change
The building boom arrives as Denver changes rules that shape how apartment projects get built. On Aug. 4, 2025, the Denver City Council passed an amendment repealing minimum parking requirements for housing and development projects.
Regional housing data reported by CBS Colorado found that average rents had stagnated or fallen over the previous year, following a three-year push to build apartments. For LoHi residents watching the cranes multiply along Speer Boulevard, that trend may be a sign of what all this demolition is ultimately building toward.
