From 303 Magazine:
Since 1929, Pancratia Hall has stood on the Loretto Heights campus, which acted as a southwest Denver educational facility for more than a century. Now, after the hall has been vacant for years, developers have launched a project to convert the building’s dorm rooms, chapel, attics and even its gymnasium into affordable apartments that are both one-of-a-kind and state-of-the-art.
On October 13, Denver and the partners behind Pancratia Hall’s restoration including Hartman Ely Investments, Proximity Green, PNC Real Estate and the Denver Housing Authority broke ground on the project, known as Pancratia Hall Lofts. The repurposed building at 3001 South Federal Boulevard will include 72 affordable housing units for tenants whose income falls in or below a threshold of 30% to 80% of the area median income. Right now in Denver, for a family of four, the area median income is $100,000.
Pancratia Hall is named after Mother Pancratia Bonfils, who founded the Loretto Heights campus with the Sisters of Loretto in the 1800s. The sisters owned the campus until 1988, after which it was rebranded and renamed twice. The most recent version of the school, Colorado Heights University, closed at the end of 2017. Westside Investment Partners, a Colorado-based developer, has owned the campus since 2018.
Now, the partners’ conversion effort is dedicated to historic preservation. It will restore deteriorating elements on the outside of the building and will also preserve historic elements on the interior, such as stained glass windows and terrazzo tiled hallways — making for some truly unique Denver apartments.
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Construction on the Pancratia Hall Lofts is scheduled to be finished in the fall of 2021. Applications to live in the lofts will be overseen by the Denver Housing Authority.
Read 303 Magazine's article "A Historic Denver Campus Is on Its Way to Becoming Affordable Housing," featuring the Denver Housing Authority.