The historic Royal Palace Motel, long a fixture at 1565 N Colorado Blvd, is on the brink of a final transformation. Twelve municipal permits hit the books for the site over the last 80 days, a rate more than 11 times the neighborhood baseline that signals the project is moving from construction to occupancy.
This intense burst of activity marks the end of the regulatory road for the massive multifamily development. The filings, concentrated between April and June 2026, indicate that the building is passing final inspections and preparing for resident move-ins. For the first time since the Laramar Group purchased the property for $7.3 million in January 2024, the site is actively transitioning into a functioning residential complex.
The data reveals a specific acceleration in late spring. Four occupancy permits alone were filed on April 6, April 10, and April 16. By June 4, the total count reached 11 filings within a 90-day window. A follow-up report on June 5 confirmed the total climbed to 12 permits in just 80 days. These documents focus entirely on occupancy and street compliance, suggesting no major new construction work remains, but rather a rush to satisfy the final legal requirements for habitation.
This pattern aligns with the broader trajectory of the project to deliver 155 new apartment units to the 80201 zip code. Previous analyses highlighted the site reaching the 10-permit milestone in May, underscoring the rapid pace of turnover. The concentration of filings suggests the developer is clearing the final hurdles for utility connections and safety certifications. Residents in the area should expect increased traffic and pedestrian activity as units become available for leasing, with the site shifting from a construction zone to a bustling residential hub.
This analysis is based on public municipal records. Visit the city portal for more details on specific permit statuses and filing dates.