Quote:
Originally Posted by bcp
Im sure they exist as one-offs...but the spirit seems to be morehomes, more people, less parking, good design.
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Also, I'm constantly seeing complaints from Denverites about the poor/cheap design. People seem to have this idea that developers don't think Denver
deserves quality design, or that some kind of cheap-design precedent has been set for Denver so developers feel they can just go with the precedent. But don't think that's it at all. One has to remember Denver is dirt cheap. Yes it's rapidly getting more expensive, but it's still dirt cheap. In a city like SF, Chicago, or NYC, investors can spend what needs to be spent for quality design without it cutting into their margins too much and adding too much risk. In a dirt-cheap city like Denver, quality design might wipe out your entire margin. It really adds a ton of risk to your investment. When Denver gets expensive it will get good, quality design. It will.
(Also, one must bear in mind that Denver is in the midst of an
apartment boom right now, and apartment buildings usually look cheap compared to for-sale condos. Once Denver enters it's next
condo boom, there should be a noticeable improvement in the design quality of its developments.)
I'm somewhat new here so forgive me if I'm just repeating the same crap that's already been said a thousand times. Also, I'm no real estate expert by any means so my opinions could be totally wrong and that's fine.