New Townhome Developments Planned for Vacant Parking Lot

The Old R-5 High School Building is Planned for Renovations in Later Phases

GRAND JUNCTION, Colo. - New developments in the downtown area are coming in the form of 36 townhouses, but before the construction process begins, lots are on sale along with allowing new potential homeowners to have a say in the development.

"So anybody who's hand or just likes to not have a cookie cutter look, they want to put their own fingerprints on the finishes and colors, you can come in and do your own carpet, do your own painting and have your own look", says Jeremy Nelson the President of REgeneration Development.

The targeted finished price on the Lowell Townhomes is $300,000 with a plus or minus 5%, and that price can go lower depending on if new homebuyers are interested in taking on certain developments themselves.

The old R-5 High School building won't be going anywhere either. Instead, in a later phase of development, REgeneration development is looking to revitalize the building for added features.

"Yes, the school building will be restored and rehabilitated. That beautiful building is a historic asset to the community and something that first attracted us to the project", says Nelson.

When speaking with business owners on Main Street, many enjoy the idea of having more housing options closer to their businesses.

"I think it's a good idea to have this community or these townhomes going in, I think that'll be nice. Of course, more volume means more people walk by; 'Oh, hey! I didn't know you were there', and then they come in and buy something, so I think that's a positive", says Mario Calderone the Owner of Shoe Design in downtown Grand Junction.

"Well, I think it's bound to increase traffic downtown, and people need to eat, so yeah. I'm looking forward to it, I think it'll be good for us", says Mark Smith the Owner of Main Street Bagels.

The first phase is planned for Fall 2018.

Townhomes are expected to be two bedroom and one-and-a-half bathrooms with a flex studio above the garage and interior finish and solar options, developments could be subject to changes.

To find out more about the project, head to or by calling (970) 422-1548.

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