Five Points: Walkable neighborhood draws young professionals

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Five Points: Walkable neighborhood draws young professionals
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Historic Five Points, one of Denver’s oldest and most diverse neighborhoods, appeals to younger professionals who want a hip, walkable neighborhood filled with bars and restaurants.

Five Points got its name from the streetcar stop where 26th Avenue and Washington, Welton, and 27th streets meet. The area was known as the “Harlem of the West” because jazz legends like Louis Armstrong, Billie Holiday, and Miles Davis performed at clubs like the Rossonian and the Rainbow Room.

Today, coffeehouses, craft breweries, and museums fill Five Points. And the vibrant neighborhood is poised to see more development, says Lyndi Martoia, 8z real estate agent who specializes in Denver’s River North area.

But new development makes some in the neighborhood wary that gentrification could push some longtime residents out. It’s not an unreasonable fear as Five Points experiences skyrocketing property values like the rest of the Denver metro.

Plans for two condominium projects will transform former parking lots. Storybuilt plans to build a five-story, 94-unit condominium complex at 2137 Glenarm Place. In partnership with Denver’s Department of Housing Stability, the Regional Transportation District plans to redevelop a parking lot near its 29th and Welton station zoned for a five-story building into a condo building. At least 25 percent of the planned units will be income-restricted, making them available to people making up to 80 percent of the area median income.

What’s available?

Martoia says the neighborhood offers a mix of single-family homes, townhomes, and condos.

Most homes are from the late 1800s to the early 1900s and have been updated. The average price for a single-family home is $799,000, up from $663,000 in 2020, Martoia says.

The average price for multi-family properties like condos and townhomes is $566,837, up from $463,250.

Neighborhood highlights

Popular neighborhood spots to eat and drink include:

Coffee at the Point: The 10-year-old coffee and wine lounge at 27th and Welton offers free internet access and free covered parking. In addition to coffee and wine, the restaurant also offers sandwiches, gelato, beer, and more.

Mimosas: The black-owned and operated restaurant serves brunch and breakfast with a southern flair.

TeaLee’s Tea Co.: The combo tea house and bookstore serves breakfast, brunch, and lunch at 611 22nd St. It also offers high tea service.

Welton Street Cafe: This neighborhood mainstay, which has served southern and Caribbean food for nearly 40 years, is raising $250,000 to move to another Five Points location. The restaurant will close on March 12 at its current location at 2736 Welton St.

Mo’ Betta Green Marketplace: The pandemic disrupted work Mo’ Betta’s farmers’ markets, but it operated farm stands at three locations from mid-June to mid-October.

To learn about Five Points history, consider visiting the Blair-Caldwell African American Research Library or the Black American West Museum.

Blair-Caldwell African American Research Library: Named for Denver residents Omar Blair and Elvin Caldwell, the library at 2401 Welton St. provides resources and services about African American History, Western History, Genealogy, and the Conservation Movement in the Rocky Mountain West.

Black American West Museum: One of the few museums in the U.S. that focuses on the history of African Americans in the West, the museum is located at 3091 California. The Victorian home, which was the home of Denver’s first Black female doctor Dr. Justina Ford, is closed while the interior is restored.

Annual festivals bring people from across the metro to Five Points. Highlights include:

Five Points Jazz Festival: The free, family-friendly festival celebrates the neighborhood’s history every May with music and food.

Juneteenth Music Festival: The annual celebration of African American culture includes a parade, concerts, food, and more.

The news and editorial staffs of The Denver Post had no role in this post’s preparation.

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