Downtown Lakewood project going through phases

This plaza at the north end of the proposed downtown Lakewood
development and a filling in of “the pit” retention basin will probably
have to wait a while until lending and equity markets improve enough
for developers to pursue the larger, more expensive portions of the project.
Instead, two 34-unit apartment buildings at the south end of the development
may be pursued first (Dimit). CLICK IMAGES TO ENLARGE THEM.

Over the 60-90 days, the city and its development team will explore the feasibility of breaking up into more achievable pieces or phases the ambitious, $100-million-plus-dollar vision to redevelop the former Lakewood Hospital site in Downtown Lakewood. But city officials and the development team they chose said the basic, long-term vision for the site will remain largely unchanged from what city review boards have approved thus far.

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