The Oneida Lofts building is west of Lowry. Payton bought thebuilding in July 2004 from the Broker Restaurant, which had beenusing it as its headquarters and warehouse since 1976. The coldstorage warehouse originally was built in 1956 on the site of whathad been the Montclair Town Hall.

"Montclair has Washington Park type homes at a discount of$50,000 to $100,000," Payton says. He says that residential realestate, according to Metrolist figures, appreciated on average 8.6%in 2004, more than tripe that of the 2003 appreciation rate of 2.6%and more than double the rate for the entire Denver area.

Not only its location, but also its architecture willdistinguish the loft project, he says. The building will retain itsmid-century modernist design, but with a twist. "We went back tothe influencers of the modernist style, to the Asian aesthetic,"Payton says. "The lines of the building are beautiful--clean andhorizontal."