Stapleton concrete put to good use
After six years, Recycled Materials Co. Inc. of Arvada has completed the demolition and removal of 6.5 million tons of concrete and asphalt aggregates at the former Stapleton International Airport. Recycled aggregate from Stapleton has been reused at the redevelopment site, at the Rocky Mountain Arsenal and on various state and municipal road projects. Under terms of its contract with the city, Recycled Materials will remain on site at Stapleton until July 2009 or until all recycled product has been sold.
Baker Flats work near completion
Developer Mary Dean Marshall is renovating the Baker Flats building at 232 Broadway into 10 condominiums. The $3 million project, across the street from the historic Baker District, also will include about 5,000 square feet of retail space. The condos range from 677 square feet to 1,195 square feet and are listed from $187,250 to $309,250. Marshall expects to complete construction this month.
Ammo plant blossoms
Denver-based International Risk Group LLC is teaming up with Kansas City, Mo., developer Sunflower Redevelopment LLC to redevelop the defunct Sunflower Army Ammunition Plant in Johnson County, Kan. The $125 million master- planned community will include shops, residences and bioscience research facilities on 9,036 acres, said Mikkel Anderson, chief technical officer for International Risk Group.
Fixed-rate mortgages reach 4-month high
Rates for 30-year mortgages rose last week, hitting the highest level in four months, and 0ne-year adjustable-rate mortgages hit the highest level in more than three years. In its weekly survey, mortgage giant Freddie Mac reported Thursday that rates on 30-year, fixed-rate mortgages rose to a nationwide average of 5.89 percent, up from 5.82 percent the week ended Aug. 4. Below are average mortgage rates in Denver, Adams and Arapahoe counties as of Thursday and the previous 52 weeks. The 1-year Treasury bill average reported by the Federal Reserve Bank is 3.84 percent. The Cost of Funds Index for June from the Federal Home Loan Bank (11th District) was 2.676 percent.
