Glendale resuscitates dormant plans for giant entertainment complex
 

Exciting to hear. I just hope Lincoln is able to stick with the designs that Gensler (architect) put forth in the original plans. I've always been impressed with Gensler's projects (Westin DIA, Alexander Indy, Third+Shoal Austin, etc) and would love to see more of their work here.

[QUOTE=yaklof;7887135]According to the buyers website they received approval in 2017 from the US citizenship and immigration service for the foreign capital that is being used for this project. The "roughly 156 million" number on the site seems a bit off though for such a tower. So don't know how realistic this thing really is...

How is your Korean?

http://www.gohana.co.kr/files/fck/denver_01.jpg

Taken from here.
http://www.gohana.co.kr/product/inde...=12&p_uid=5831

This must be fairly recent since it lists Tryba Architects' involvement with the Crawford Hotel.

Glass going up on 16 Chestnut. They call that color palate: "Death Star"

https://app.oxblue.com/open/saunders/16

Watching that time lapse I really enjoyed watching 1144 15th rise in the video! But how did all of that huge building rise so quickly while 16 chestnut barely made a dent in the same amount of time?

[QUOTE=Alchemist;7888461]Top-left: View after completion of MP Tower
Center: 58 Generations (*not translating well)

From various parts of site:
50-story apartment building
1st floor retail
Floors 2-7 = Parking
Construction period: early 2016-EOY 2017

Ewww, I assume Davita didn't solicit that?
Head Quarters for one of the largest kidney care companies; just look for the Death Star building

Dang, I totally missed that one. :shrug:

Noooopppeee. Not going to happen. They don't own the land and it will cost them nearly their entire budget to buy that land. They are so F'ing stupid. The land where the hotel is will nearly cost them $50 million alone. The city council members of Glendale are some of the stupidest people you will ever meet.

[QUOTE=jbssfelix;7888516]Interesting that they say they will be using a lot of low income/affordable housing grants to finance the construction.

http://media.thedenverchannel.com/ph....0_640_480.png
Credit Kurt Sevits/7News Denver

http://www.thedenverchannel.com/news...-redevelopment
Nexp up is redeveloping Sun Valley

Props to Aurora - Highest rating ever achieved by a Colorado hospital. Moving up five spots from last year, now rated 15th best in the country, UC Health now comes in 5 spots ahead of Mayo Clinic in Phoenix.

I'd say this is despite being in Aurora. It's a monumental hurdle to have had to overcome. ;)

Instead of "props to Aurora" how about "props to the University of Colorado"!!?

They needed space to expand. This wouldn't have happened if they stayed on Colorado blvd. Aurora basically gave them the land for free.

Not Aurora, but the feds. CU received their Fitzsimons campus acreage for free from the federal government through a Public Benefit Conveyance as part of the Base Realignment and Closure (BRAC) process. The fact that it was in Aurora was irrelevant. The same process would have occurred if Fitzsimons had been in Denver, which is less than a mile away.

Denver’s apartment-building frenzy nears end – slowdown predicted in 2018
 

Man, you'e stingy tonight. :D

True about how the land was acquired but Fitz had long deep roots in Aurora and brought significant economic benefits. Additionally Aurora has been very cooperative and supportive.

Interesting but let's take a closer look.

Ken recently posted his bi-annual residential analysis within a 1.5 mile radius of the D&F tower which means a lot of units are missed which fall outside of that boundary. Never-the-less the numbers are fascinating.

Downtown Residential June 2017
There were 10,195 units completed since January of 2010 in 67 projects. That would be... hold on a minute... OK, my mechanical calculator says that's seven and a half years. Ofc things started out modestly and have picked up steam ever since. Right here, right now, there are 7,896 units in 37 projects under construction. No doubt that's a lot.

When the Denver Post refers to lenders they're (presumably) speaking about traditional/bank sources. But as we've seen with the many national or institutional developers in downtown they often use non-traditional non-bank sources of construction funding.

Part Two
Table of Experts: Commercial Real Estate
Jul 14, 2017 - Denver Business Journal panel of experts

With respect to condos:
Is the multifamily sector in danger of being overdeveloped in Denver?
If you like your demographic stats:
What about interest from equity investors?
There's discussion about other commercial segments as well.

Part Three
I don't doubt that Denver is riding the crest and the article suggests slowing starting a year from now. In new construction starts this ofc is logical. But they hyper-focus on affordability or lack thereof for all the high-end apartment downtown. What they're missing is that earlier projects have likely already recouped most of their investment and don't need the high rents they're still getting. There's plenty of room for more affordability to creep into the market without damage.

While there has been an uptick in suburban projects it's so scattered it's hard to see any over-supply there either.

Cost of construction is the biggest thorn so some slow-down could be beneficial.

Notice: There will be No Part Four. :cheers:

Children's is frequently ranked in the top 10 nationally. They split pediatric hospital from general hospitals in national rankings. Now when you get into specialties and sub specialties National Jewish is the best pulmonology hospital in the united states and has achieved a #1 or #2 ranking for nearly two decades. Craig hospital is the #7 rehab hospital and has ranked in the top ten for nearly three decades. No matter what way you look at it, health care in Colorado is improving and when the new VA hospital goes online, it will only improve the perception.

Denver seems like Seattle in this regard. I went to an apartment forecast breakfast in 2011 where the consensus was that projects should start in 2011, but if they started in 2012 they might miss the market. Since then, people have continued to project the end of the boom (some people) while others continue to be optimistic. The optimists keep building, aided by offshore money in many cases. This sounds like Denver too.

There's a lot of talk about paradigm shifts where it's not just jobs/housing, but also a societal shift where more people of any demographic want to live in the core than previously, so demand is more constant.