B-4 to PUD-G 34 Rezoning at 4340-4350 S Monaco Street

• When: 2024/05/01
• Address: 4340-4350 S Monaco Street, Denver, CO
• City: Denver
• State: CO
• Category: Spot Rezoning
• Subcategory: Planned Unit Development (PUD)
• Asset Class: Multifamily
• Property Type: Affordable Housing
• Size (SF): 124,000 SF
• Size (AC): 12.58 AC
• Size (Units): 143 Units
• New Zoning: PUD-G 34
• New Zoning Description: The PUD-G 34 zoning allows adaptive reuse of an existing office building into affordable housing, applying S-CC-5 standards for the existing structure with exceptions to height and interior setback, and S-MX-5 standards for new construction on the site. It supports mixed-use development in suburban neighborhoods, incorporating both residential and commercial elements.
• Previous Zoning: B-4 with Waivers and Conditions, UO-1, UO-2
• Previous Zoning Description: B-4 with Waivers and Conditions was a general business zone with specific limitations, including overlay districts UO-1 and UO-2, which generally pertain to design standards and special restrictions in certain contexts such as signage, parking, or use orientation in corridor plans.
• Planning Department: True

Rezoning application #2024I-00027 for 4340-4350 S Monaco Street in Denver from B-4 with Waivers and Conditions, UO-1, UO-2 to PUD-G 34 to enable adaptive reuse of a vacant 124,000 SF office building into approximately 143 affordable apartment units. The 12.58-acre site, currently containing two office buildings and a three-story parking garage, will adopt S-CC-5 standards for existing structures with deviations for height and interior setbacks and S-MX-5 for new development. The proposal has been accepted by the Affordable Housing Review Team, and HOST has tentatively approved acquisition funding. The PUD maintains commercial uses in the southern office building, supports a mix of uses, and aligns with the city’s suburban mixed-use zoning.

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