Developer’s 3 residential projects near Sloan’s Lake focused on ‘attainable’ prices

Denver Business Journal covers plans for affordable housing near Sloan’s lake.

 

“Across from Sloan’s Lake Park is a trove of new, high-end residential development that’s selling between $600,000 and $1.2 million — evidence that the neighborhood near the lake and downtown Denver is highly desirable.

A couple blocks south of the lake, though, is West Colfax Avenue, a parking lot-heavy corridor that’s being cleaned up to become more pedestrian friendly, and one that’s ripe for fresh development.”

 

Read more on Denver Business Journal here.

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Six-story apartment building project proposed near 9th and Colorado

In recent news, BusinessDen covers plans for a new apartment complex.

 

“A developer has submitted a site-development plan for a quarter-acre parking lot it purchased earlier this year in Denver’s Hale neighborhood.

Loveland-based Insignia Homes, led by Fred Cooke, wants to build a six-story, 44-unit apartment project at 1122 Albion St., just north of the massive 9th and Colorado redevelopment project.”

 

Read more on BusinessDen here.

McMillin: Why Denver’s tiny home village dream can’t be dismissed as just another fad gone bad

The Denver Post covers the use of tiny house as a solution to homelessness.

 

“Tiny house communities as a solution for homelessness initially seemed to me as another fad gone bad.

Those miniature houses aren’t as cheap as most think, and there are zoning issues and exorbitant transportation costs (if they’re portable). And a village of 20 or so tiny homes here and there around the country would seem an imperceptible solution to the staggering number of homeless people — more than a half-million people in the United States, including more than 10,000 in Colorado.

My ideas about tiny houses were shaped largely by HGTV shows and ads for cute vacation spots, as well as stories of those who struggled to find permanent — and inexpensive — parking spots for their homes.”

 

Read more on The Denver Post here.

Affordable Housing Proposed for Capitol Hill

Mile High Cre covers plans for affordable housing in Capitol Hill.

 

Mile High Development and Brinshore Development have proposed a 6-story, 103-unit affordable housing development to be called The Capitol Square Apartments. Located just one block from the State Capitol at the corner of 13th Avenue & Sherman Street in Denver, the site is currently owned by the Colorado State Land Board (CSLB).

The projected $31 million project will include one and two bedroom units at AMI levels of 30%, 40%, 50%, 60%, 70% and 80% using the new income averaging rules. According to Mile high Development, the six story (Type 3 construction) wood framed building will be built on top of a two-level parking podium with one level of parking at grade and one level below for a total of 77 spaces. KTGY is the architect for the project.”

 

Read more on Mile High Cre here.

Predicting gentrification: CU Denver research model predicts neighborhoods likely to gentrify

Denver7 highlights new research that predicts gentrification.

 

“DENVER — Researchers at the University of Colorado Denver unveiled a new research model that helps predict which U.S. neighborhoods are likely to gentrify.

The model includes several factors, including policy, place, and people.

The study found that policy had one of the greatest impacts.”

 

Read more on Denver7 here.

Pay increases of 3.1 percent expected in metro Denver next year

The Denver Post highlights the Apartment Association of Metro Denver and apartment rents in Denver.

 

“Pay increases in metro Denver and Boulder are expected to average 3.1 percent for the third year in a row, according to an annual compensation survey from the Employers Council.

‘It is tracking along with inflation, certainly not much higher or lower,’ said Sue Wolf, director of surveys with the Employers Council. ‘It has been fairly stable in Denver and Boulder for the last 3 years.’

Those counting on a super-tight labor market to send pay skyrocketing will have to keep on waiting. But metro Denver resident may finally get a break this year and next — wages gains that finally outpace the rise in housing costs.”

 

Read more on The Denver Post here.

As metro Denver home prices continue to rise, one builder’s answer is to go smaller

The Denver Post covers the increase in home prices in Denver.

 

“A middle-of-the-road home in metro Denver now costs more than five times the median household income, a new record.

To put that in perspective, a median-priced home in metro Denver back in 1960 and 1970 went for a little more than two-times the typical household income, during an era when many more households survived on a single income, according to an analysis from Clever Real Estate.

Even as late as 1990, the ratio was at 2.59, below the 2.6 ratio that Eylul Tekin, a researcher with Clever Real Estate, recommends buyers don’t cross if they can avoid it. The U.S. ratio is at 3.6.”

 

Read more on The Denver Post here.

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More growth caps are threatened along the northern Front Range

The Denver Post covers the Apartment Association of Metro Denver’s Summer Economic Conference.

 

“Lakewood voters’ approval of a 1 percent annual cap on new homes and apartments may have opened the door to housing growth limits across the region.

‘Eleven Front Range counties are looking at growth limits’ via one initiative, said Teo Nicolais, who addressed the Apartment Association of Metro Denver at its Summer Econ conference Thursday.”

 

Read more on The Denver Post here.

Boulder Ranked Best Housing Market For Growth And Stability In 2019

CBS4 highlights Boulder as a top housing market for growth and stability.

 

The study analyzed home values every quarter between 1994 and 2018. Boulder claimed the top spot on the list for the fifth year in a row. Fort Collins came in fourth place and the Denver-Aurora-Lakewood metro area came in eighth place.”

 

Read more on CBS4 here.

State demographer calls for creativity in housing seniors and low and moderate earners

Denverite covers housing development and affordability in Colorado.

 

“Colorado’s state demographer urged landlords to consider the case of her own octogenarian mother.

Elizabeth Garner’s widowed mother lives alone in a large home she owns, paying only property taxes. If she were to move to an apartment, she would free up a larger home for a younger family and join a move toward density that Garner believes is part of the solution to the Denver area’s housing crisis.

But her mom, Garner said in a presentation Thursday to members of the Apartment Association of Metro Denver, is, like many seniors, on a fixed income.”

 

Read more on Denverite here.