A California-based 3D dwelling printing firm opened a 25,000-square-foot manufacturing facility in Northeast Denver, backed by a $3.895 million state mortgage.
Azure Printed Properties, based in March 2022, combines large-scale 3D printers with light-gauge metal fabrication gear made by FrameCAD. The corporate says it’s used recycled supplies to ship greater than 100 properties nationwide and it’s carrying a challenge pipeline value greater than $60 million. At full capability, the Denver facility is predicted to make use of 50 employees.
The state mortgage got here from Colorado’s Inexpensive Housing Financing Fund, established beneath Proposition 123. Colorado’s willingness to fund the challenge displays a broader push by the state to spice up housing provide via factory-built development. Different state insurance policies cited by the corporate as elements in its determination to develop right here embrace the Modern Housing Incentive Program, a 2024 regulation increasing accent dwelling models, and SB 25-002, which adjustments how the state regulates modular and factory-built housing.
“Colorado is main the way in which to construct extra housing that individuals can afford, and an necessary a part of that’s investing in revolutionary and lower-cost development strategies,” Polis mentioned. “There is no such thing as a silver bullet answer to handle our housing scarcity, which is why we’re each revolutionary answer to construct extra properties and save folks cash. When at full capability this new Azure Printed Properties facility will assist 50 good-paying jobs and assist Colorado construct extra properties folks can afford.”
The April 14 occasion additionally drew remarks from Eve Lieberman, government director of Colorado’s Workplace of Financial Improvement and Worldwide Commerce, Maria De Cambra, government director of the Colorado Division of Native Affairs, and J.J. Ament, president and CEO of the Denver Metro Chamber of Commerce.
The Denver facility is a part of a broader $10 million fundraising effort that features expanded capability in Los Angeles. The corporate can be putting in 54 transitional housing models for the Welcome Residence Village in San Luis Obispo, California, scheduled to open in Could.