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Originally Posted by Ich
That’s a bad example to prove your point. I looked at that place and the rent they were originally asking for was comparable to what they are asking in Union Station/ Riverfront but not as nice area. Last I heard at my place, Alexan 20th Street Station, has leased 40% of available units (upper floors are still being finished) which isn’t bad considering it’s only been open for a little under two months.
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Capitol Hill has had a very small share of the growth that has driven the Denver boom over the past 8 years. The original great Denver urban neighborhood has not really boomed during one of the greatest urban booms in the City's history. In part, perhaps it's because of all the "land farmers", owning open parcels in Capitol Hill who are happy to hold onto their parking lots for generations, rather than sell to developers. Looking at the silver lining, the undeveloped parts of Cap Hill remain a "land bank" from which future urban development can draw.