‘Smokestack 40’ project would bring 500-seat venue, 760 rental units to Elyria-Swansea

This just in! Business Den covers plans for redevelopment of housing  in Denver’s Elyria-Swansea neighborhood.

 

“The new owner of the former AT&T campus in Denver’s Elyria-Swansea neighborhood wants to redevelop the 14-acre site to incorporate approximately 760 residential units, as well as a 500-seat performance venue.

Husband-and-wife team Tom and Brooke Gordon, acting as Iselo 40th Avenue LLC, purchased the 14-acre property at 2535 E. 40th Ave. for $19 million in August, six months after selling a huge plot of land in RiNo.”

 

Read more on Business Den here.

About Us

In luxury apartment-rich Denver, Parq on Speer building shooting for the moon

The Denver Post highlights a new apartment building on Speer Blvd.

 

“What do you do in a rental market where seemingly every new apartment building is offering a boatload of amenities and high-end finishes? If you’re Charleston, S.C.-based apartment developer Greystar you double down and build an extra luxury project.

That’s what’s going on at 909 Bannock St. where Greystar and general contractor Milender White are about six months from completion of the Parq on Speer apartment building.”

 

Read more on The Denver Post here.

Denver’s “Fox Island” development may continue with 120 micro-apartments

The Denver Post covers proposed development of 120 micro apartments in Fox Island.

 

“On Monday, the Denver City Council unanimously approved rezonings that would allow construction up to eight floors at two sites on Elati Street and Delaware Street.

The change doesn’t mean that development will happen, but it’s part of a larger trend near the 41st and Fox rail station, which will serve the G Line.”

 

Read more on The Denver Post here.

A 1940s nursing residence becomes affordable housing on Sloan Lake

In recent news, Denverite covers development of affordable housing on Sloan Lake.

 

“A 1940s-era nursing residence on Sloan Lake on the old St. Anthony’s Hospital campus has been converted into a 49-unit apartment building reserved for people earning no more than 60 percent of the area median income.

In a statement Monday celebrating the opening of Sienna Sloans Lake in a fast-changing area of West Colfax, Denver’s Office of Economic Development said it provided $318,500 in gap financing to support the project developed by Koelbel and Company and Trailbreak Partners. Other financing came from the Denver Urban Renewal Authority and the Colorado Housing and Finance Authority.”

 

Read more on Denverite here.

Colorado Resources

Landlords want changes to bill that will benefit renters

The Colorado Springs Business Journal highlights House Bill 1170 impact on landlords and tenants in Denver.

 

“A Colorado bill that would increase protections for tenants is receiving criticism from landlords who argue that, if passed, it will lead to higher rents.

 

House Bill 1170, co-sponsored by Rep. Dominique Jackson, Rep. Mike Weissman, Sen. Angela Williams and Sen. Jeff Bridges, would give renters more rights, including the ability to withhold rent in certain situations, by modifying the warranty of habitability statute that covers rental agreements for residential properties in Colorado.

 

The bill is under consideration by the House and would then need Senate approval before being sent to the governor to potentially be signed into law.”

 

Read more on The Colorado Springs Business Journal here.

Home prices fall in Boulder, Denver and Douglas counties. Is it a blip, or a trend?

The Denver Post covers the decline of home prices in Boulder, Denver and Douglas counties.

 

“Kiss those years of double-digit annual home price gains goodbye. Depreciation has made a comeback in Boulder, Denver and Douglas counties, foreshadowing more widespread declines in the months ahead, according to a report Tuesday from the Colorado Association of Realtors.

The declines are not huge, at least for single-family homes, and the metro area as a whole still shows a modest gain. But the new year appears to have ushered in what some buyers have long waited for — lower home prices.”

 

Read more on The Denver Post here.

Denver housing prices drop

This just in! FOX31 highlights a decrease in housing prices in Denver.

 

“New Colorado Realty Association statistics show the median sale price for a single family home in Denver is $425,000, that’s down more than 1 percent and townhouse/condo prices are down 12 percent.

Association spokesperson Kelly Moye tells FOX31 several factors contributed to the shift, “With the elections and the stock market and the subsequent government shutdown, it never picked up.”

 

Read more on FOX31 here.

A home for cars on Uptown’s main street is destined to become homes for people

Denverite covers new development for a parking lot at 17th Avenue and Washington Street.

 

“The Denver City Council approved a new set of building rules Monday that allows for ground-floor retail — things like shops, restaurants and dry cleaners — on the site at 1709 Washington St.

Denverites can expect a building of up to five stories, which was already allowed. The main change is that retail is now okay, just like it is across the street.

If everything works out, the lot will be supplanted by homes on top and businesses on bottom, owner Bruce Ferguson told city council members during a December committee meeting. He’s unsure if the apartments will be to rent, to own, or a combination.”

 

Read more on Denverite here.

About Us

Denver apartment development booming despite signs of slowdown

In recent news, The Denver Post highlights apartment development booming in Denver.

 

“Despite warning signs that some tight twists and turns are on the road ahead, metro Denver’s apartment developers aren’t applying the brakes. If anything, they remain firmly on the accelerator.

As more forecasts call for an economic slowdown, if not a full-blown recession, later this year or next, apartment construction continues to drive forward at full throttle, leaving onlookers like Cary Bruteig, owner of Apartment Insights in Denver, concerned.”

 

Read more on The Denver Post here.

Colorado Resources

What’s next for River Mile: City-sized Elitch Gardens project steaming ahead in Denver

An article from The Denver Post highlights a redevelopment project for Elitch Gardens in Denver.

 

“Duggan wants to build a small city in the middle of Denver. He sees tall, spindly towers rising from the banks of the South Platte River. He sees grocery stores and schools, glass and steel. He sees 17,000 more people — a huge figure for a city that has grown by 100,000 since 2011.

 

Remarkably, in a city wracked by arguments about development, gentrification and density, the enormous redevelopment project faces little if any resistance. With a series of city approvals last year, the River Mile project is approaching the start of what could be decades of construction.”

 

Read more on The Denver Post here.