DENVER | Main Development Thread #6 - Page 7

EngiNerd · #**121** Posted **Jun 12, 2014, 10:50 PM**

You know, in this case I would count it as one building since they all share the same structure. It really is just one big ass building. For something like One City Block, those are all individual buildings that do not share the same podium.

At least they kept it three distinct towers above the podium instead of doing a massive donut or 'I' shape like some of the others around.

Pizzuti · #**122** Posted **Jun 13, 2014, 1:48 AM**

Quote:

Originally Posted by wong21fr

Nah, I can just buy one or a dozen. Would you like one? Sounds like you could need a couple, along with some vegetables, to go with your daily dinner of ramen.

(Seriously, I'm just surprised that an entry level position for a college graduate pays so low. 10 years ago, sure, but I would expect at least $40K for any kind of degree that's not a complete throw away.)

There's more of a "pay your dues" culture now. Graduates are spending a lot more time in unpaid internships or are classified (sometimes illegally) as independent contractors, and end up thinking that $15 an hour is a lot. I graduated in 2008 and that's really my whole generation's experience.

Heck, a few months ago I left a leadership job in a company after finding out the reason I wasn't getting raises was a personality profile test that said I'm not money-motivated enough to quit over pay...I found out lower/newer employees who happened to be 5-10 years older were starting at more than I was making, because they had a previous salary as a point of reference. Salary is a really tough conversation to have when you don't know how much your job is worth (I can't even imagine how professionals figured it out before the Internet, unless employers just used to be more scrupulous). Again, I think my whole generation will tell you the same.

If demand for housing is so high that low-income people have to live in small, crappy apartments, so be it. What bothers me is when people who work in the service industry or in any job in a city can't actually afford to live there. I don't know what Capitol Hill or Five Points would be if everyone under 30 had to leave. Affordable housing shouldn't be calculated based on the median income of city residents in an area, it should be based on the median salary or wage in an area.

Cirrus · #**123** Posted **Jun 13, 2014, 2:24 AM**

Do recent grads in Denver not live in group houses? Serious question.

Scottk · #**124** Posted **Jun 13, 2014, 2:39 AM**

Quote:

Originally Posted by Cirrus

Do recent grads in Denver not live in group houses? Serious question.

If you mean living in a 3 or 4 bedroom apartment and splitting the rent 3 or 4 ways, yes. That is what almost everybody that I know who lives in Denver is doing.

I do know a girl who lives in a studio apartment in capital hill for 650 a month, utilities included. That seems like one hell of a steal to me.

Fritzdude · #**125** Posted **Jun 13, 2014, 2:39 AM**

I'm trying to recall a better two week window in Denver over the last 10 years with as many great "announcements" as we've seen lately. This is turning out to be a great summer!

DownhomeDenver · #**126** Posted **Jun 13, 2014, 3:46 AM**

Quote:

Originally Posted by rds70

For those who might have thought 1144 Fifteenth was still in the conceptual stages: www.1144fifteenth.com

Edit: Sorry, about an hour ago there was a fully functional website for the project. It has now reverted back to the coming soon placeholder.

This site is working. Expected groundbreaking May 2015.

rds70 · #**127** Posted **Jun 13, 2014, 4:07 AM**

Here is another rendering of Seventeen W showing the retail along 18th Street:

EngiNerd · #**128** Posted **Jun 13, 2014, 4:38 AM**

We know exactly who they are catering to....that's an Aston Martin in their rendering!

DenvertoLA · #**129** Posted **Jun 13, 2014, 7:16 AM**

Quote:

Originally Posted by DownhomeDenver

This site is working. Expected groundbreaking May 2015.

Their site says it is 40 stories!

Paulopolis · #**130** Posted **Jun 13, 2014, 9:59 AM**

"Condos may be coming to St. Anthony's
John Rebchook | Friday, June 13, 2014

Denver developers Thursday evening unveiled a proposal to build a 12-story, energy-efficient and “healthy” condominium tower across from Sloan’s Lake on the former St. Anthony’s Hospital site in west Denver."

Full article at Inside Real Estate News, http://insiderealestatenews.com/2014/06/13/condos-may-be-coming-to-st-anthonys/.

Both of the following images are from the same article in the hyperlink above. They are both drawings are of what could be built there and not renderings of an actual proposal.

A couple of other interesting tidbits from the article. First, this is one of three condo projects currently moving forward. The other two are 250 Columbine Street and a mystery project "believed to be at the edge of downtown," according to the developer. The edge of downtown obviously encompasses a large area, but I started wondering if it might be Paul Tamburello's possible project at the corner of 16th and Boulder in Lower Highland. Is Lower Highland considered the edge of downtown? Second, the article states that a lot of opposition to the St. Anthony's development came from people in West Highland and Berkeley. A lot of people south of Sloan's Lake favor the development. I don't understand resisting something that isn't anywhere near being in your backyard and probably won't affect you in any sort of daily way. Weird people.

Paulopolis · #**131** Posted **Jun 13, 2014, 10:08 AM**

According to Confluence Denver:

"Avanti Food & Beverage to be a "Galvanize for restaurateurs"
Chris Meehan | Thursday, June 12, 2014

A cluster of shipping containers in the former Avanti Printing & Graphics building at 3200 Pecos St. in LoHi might be a panacea for restaurateurs or chefs looking to introduce and test new restaurant concepts without all of the costs associated with launching a full-fledged restaurant. That's the concept behind Avanti Food & Beverage, which is being called a Galvanize for restaurant startups."

The following renderings are from www.avantifandb.com.

The people in the back must have just won the lotto.

Paulopolis · #**132** Posted **Jun 13, 2014, 10:22 AM**

And, finally, the following photo and description are from Councilman Albus Brooks' Facebook page. (Also on Facebook, DenverInfill made a post about another big infill project announcement coming today. Any guesses as to what it is? I'm thinking 13th and Speer.)

"I am excited to announce that the Historic Five Points will be home to a new project breaking, ground this Fall '14. 2300 Welton St will be (2 separate buildings) 223 unit affordable rental project. This project will bring a workforce housing component, that is desperately needed in the area.

The revitalization of Welton is underway. Thank you: 5 Points residents, FPBD, OED, CHFA, DURA, STATE, & HUD for making this possible. It takes a VILLAGE to create quality housing for ALL."

DenverPoke · #**133** Posted **Jun 13, 2014, 2:23 PM**

On the condo project at Sloans...interesting that the son of Hines empire moved to Denver 3 years ago, no wonder they seem so bullish on Denver. Also, DBJ has a rendering of 1144 15th that has a slightly different base, better in my opinion, but not sure which is accurate.

rds70 · #**134** Posted **Jun 13, 2014, 2:40 PM**

Quote:

Originally Posted by DenverPoke

On the condo project at Sloans...interesting that the son of Hines empire moved to Denver 3 years ago, no wonder they seem so bullish on Denver. Also, DBJ has a rendering of 1144 15th that has a slightly different base, better in my opinion, but not sure which is accurate.

I love this sentence from the DBJ article regarding 1144:

"In an era where pre-leasing at levels of 50 percent or higher is the standard for many finance companies lending for office development, Hines is ready to start construction 100 percent speculative..."

Cos_Denver · #**135** Posted **Jun 13, 2014, 2:55 PM**

So if you go to

http://denver-cityscape.com/

find the 17th Street & Wewatta photo (1st project on the page) by Holland Partner Group of Vancouver. Scroll with you mouse wheel up and down and the balconies in the middle of the photo become 3D.

Im officially dorked out now.

RyanD · #**136** Posted **Jun 13, 2014, 2:57 PM**

Quote:

Originally Posted by DenverPoke

Also, DBJ has a rendering of 1144 15th that has a slightly different base, better in my opinion, but not sure which is accurate.

DBJ<DI

Here's the rendering:

New Central Downtown Project: 1144 15th Street
via DenverInfill

wong21fr · #**137** Posted **Jun 13, 2014, 3:15 PM**

Quote:

Originally Posted by rds70

I love this sentence from the DBJ article regarding 1144:

"In an era where pre-leasing at levels of 50 percent or higher is the standard for many finance companies lending for office development, Hines is ready to start construction 100 percent speculative..."

The best words in real estate development: 100% speculative.

This also lends credence to the $250M capital placement that I discovered for 1144 15th Street.

COtoOC · #**138** Posted **Jun 13, 2014, 3:25 PM**

Quote:

Originally Posted by DenvertoLA

Their site says it is 40 stories!

Beautiful building! Too bad they didn't add 10 stories to it. It'll be "iconic" from the w/SW views, but as with the 4S, won't really be visible from the east. But finally, a building without a flat roof

bcp · #**139** Posted **Jun 13, 2014, 3:27 PM**

Exciting...the holding costs on that land, combined w Denver's CURRENT fundamentals could finally make this happen...we'll know in 10 months...idk, I still put it at 50/50?

wong21fr · #**140** Posted **Jun 13, 2014, 5:35 PM**

Quote:

Originally Posted by DenverPoke

On the condo project at Sloans...interesting that the son of Hines empire moved to Denver 3 years ago, no wonder they seem so bullish on Denver. Also, DBJ has a rendering of 1144 15th that has a slightly different base, better in my opinion, but not sure which is accurate.

That looks like a giant wart at the bottom of the tower, it doesn't work with the very sleek glass facade of the structure.