DENVER | Main Development Thread #6

[DenverPoke]

Originally Posted by RyanD

I don't even know why I'm complaining. I don't live downtown anymore, and living on an outer ring neighborhood with close rail access is actually pretty awesome. Sure, I miss the core neighborhoods sometimes, and definitely miss not having to worry about how to get home on foot, but that's a sacrifice you have to make to save a ton of money.

Moving to an outer ring is the same trend with about everyone I knew living in Capitol Hill when I did back in 2010.

It all comes down to picking your poison. Do you want to spend all of your money living downtown for the walkability / amenities of it all, or would you rather live 3-6 miles outside of it, and have money to actually go do things such as events and concerts, being able to afford gas to drive to the mountains, etc, etc.

Disclaimer: This is coming from me, a single-income in the $30k's. New Downtown Denver is DEFINITELY not for my income bracket!

I agree 100%, it is pretty ridiculous for the pay scale offered for non-engineer/tech jobs in Denver. It will be very interesting to follow over the next several years. I live in Clayton and the home prices are getting stupid in our 'hood as well.

[seventwenty]

So this may be happening: Denver may tear down Boettcher Concert Hall for a new amphitheater

Originally Posted by Denver Post

The City of Denver is considering a plan to demolish Boettcher Concert Hall and build an outdoor amphitheater in its place at the Denver Performing Arts Complex.

The 2,600-venue is Denver's symphony hall; home to the Colorado Symphony Orchestra, which has played there every season since it opened in 1978.

The CSO is set to move out — temporarily — at the end of the 2014-15 concert season to accommodate a planned $17 million upgrade of the facility. It had hoped to return a year later.

But, according to emails between the CSO and the Arts & Venues department, the plan may be changing.


Boettcher Concert Hall is a 360-degree-surround concert hall designed to place the audience close to the stage while maintaining symphonic sound quality. The hall, which seats 2,634, opened in 1978. Demolition of Boettcher is the "leading idea" now, A&V director Kent Rice wrote to CSO chair Jerry Kern in an email exchange dated July 21. The CSO released the emails this afternoon.

DBJ write up.

[enjo13]

Originally Posted by seventwenty

So this may be happening: Denver may tear down Boettcher Concert Hall for a new amphitheater



DBJ write up.

I'm really mixed. On the one hand an outdoor amphitheater would be great for Downtown. Losing our dedicated concert hall would kind of suck. Although for me personally I'd definitely get a lot more use out of the outdoor thing.

[PLANSIT]

^ Not sure about Boettcher, but I really like the idea of activating the Speer side of the Center.

[DenverPoke]

Originally Posted by seventwenty

So this may be happening: Denver may tear down Boettcher Concert Hall for a new amphitheater



DBJ write up.

Interesting, I've long thought Denver needed an amphitheater downtown, I was hoping it would eventually happen around the Platte though.

[bobg]

Not a fan of Boettcher (too many field trips as a kid) and I don't mind giving a middle finger to the CSO for the way they have been acting the past decade or so.

However, I don't get how an outdoor amphitheater expands the diversity of audiences going to DCPA. Also do we really need another outdoor amphitheater in the metro?

But if it does happen will be interesting to see what the NIMBY neighbors have to say about the noise. That has pretty much killed any possibility of Fiddlers Green being a decent venue -ever-, and will likely do the same DT where residential and hotels are even closer.

[RyanD]

Originally Posted by seventwenty

So this may be happening: Denver may tear down Boettcher Concert Hall for a new amphitheater

Or how about we keep Boettcher because that's our main concert hall in the DCPA and since we don't have year-round weather for outdoor concerts, why don't we just convert that little park deal with the statues into the outdoor amphitheater. We aren't a southern coast city with perfect warm weather year-round, dear Denver.

[wong21fr]

Originally Posted by RyanD

Or how about we keep Boettcher because that's our main concert hall in the DCPA and since we don't have year-round weather for outdoor concerts, why don't we just convert that little park deal with the statues into the outdoor amphitheater. We aren't a southern coast city with perfect warm weather year-round, dear Denver.

I wonder if the specter of demolition is being floated as a way to get some private fundraising money put into play? The CSO did f*** up royally in the original attempt to remodel Boettcher, and the solution of moving the CSO into the Opera House seems like a non-starter because of the scheduling issues that would be faced. A remodeled Boettcher that could be scaled up or down depending on the event seems like a pretty good solution. But I just can't imagine the city actually going through with demolishing the structure for an outdoor ampitheater.

[RyanD]

Originally Posted by wong21fr

But I just can't imagine the city actually going through with demolishing the structure for an outdoor ampitheater.

Nevermind again. I'm grumpy today.

[Denver]

Possible Rendering for "Eviva." Not sure how accurate this is. It is from the website "The Confluence" but the website does not cite where the rendering came from. However, enjoy.



Source: http://www.confluence-denver.com/devnews/eviva_cherokee_072414.aspx

[Brainpathology]

Originally Posted by Denver

Possible Rendering for "Eviva." Not sure how accurate this is. It is from the website "The Confluence" but the website does not cite where the rendering came from. However, enjoy.



Source: http://www.confluence-denver.com/devnews/eviva_cherokee_072414.aspx

That doesn't really fit in with the developer's portfolio.. which seems to specialize in bringing suburban style apartment fields to urban locations.

BUT... This rendering I like, or at least I like the silver-y look. It will look nice and new for a few months I'm sure. Even though it's not really tall enough for any of you to be able to see from where you can afford to live now

[TakeFive]

Originally Posted by Brainpathology

It would be interesting to see if any REIT's (or some other similar scheme) have properties in various stages of development in downtown Denver and if so what kind of performance they are having. Especially if there were a prospectus somewhere bragging that the market allows relatively cheap construction and high rents, helped along by no new condos on the horizon because of the legal environment etc etc.

I can't find anything like that with a quick search but the light from "qualified to find that sort of information" takes a few days to reach me.

If there aren't any such things maybe we should start one. The Skyscraperpage REIT hahaha... we should, theoretically know a little about the market. Except we can't let Wizended manage it.. he hates everything :-P.

Not an expert but I believe most of the REITs buy product after development. A couple of the larger ones like Avalon Bay or Essex Property will develop some of their own but generally they're all in the REIT business, not the development business. I can't think of any in downtown that are owned by REITs. Wouldn't be surprised if that changes though.

[TakeFive]

Originally Posted by RyanD

I don't even know why I'm complaining. I don't live downtown anymore, and living on an outer ring neighborhood with close rail access is actually pretty awesome. Sure, I miss the core neighborhoods sometimes, and definitely miss not having to worry about how to get home on foot, but that's a sacrifice you have to make to save a ton of money.

Moving to an outer ring is the same trend with about everyone I knew living in Capitol Hill when I did back in 2010.

It all comes down to picking your poison. Do you want to spend all of your money living downtown for the walkability / amenities of it all, or would you rather live 3-6 miles outside of it, and have money to actually go do things such as events and concerts, being able to afford gas to drive to the mountains, etc, etc.

Disclaimer: This is coming from me, a single-income in the $30k's. New Downtown Denver is DEFINITELY not for my income bracket!

Maybe you and bunt_q are the only sane ones.

Certainly the youth are notorious for changing their minds and their tastes. I wouldn't expect a complete flip-flop in desire to live downtown but it could ebb. Also real estate cycles are notoriously up and down.

But for now the trend is our friend so we'll ride her as long as she'll go.

[TakeFive]

Originally Posted by Denver

Possible Rendering for "Eviva." Not sure how accurate this is. It is from the website "The Confluence" but the website does not cite where the rendering came from. However, enjoy.

That's gotta be it. Thanks for finding and posting. She's a beauty.

Similar to SkyHouse Denver this location is somewhat unique and they may well be able to get their funding nailed down. Here's hoping; we shouldn't have to wait too long if they intend to break ground in the fall.

[rml213]

Isn't Mill Creek a REIT? If so, they are building a few projects.

Speaking of which, there is some craziness that is going to be happening in Denargo & RiNo soon.


Quote:
Originally Posted by Brainpathology View Post
It would be interesting to see if any REIT's (or some other similar scheme) have properties in various stages of development in downtown Denver and if so what kind of performance they are having. Especially if there were a prospectus somewhere bragging that the market allows relatively cheap construction and high rents, helped along by no new condos on the horizon because of the legal environment etc etc.

I can't find anything like that with a quick search but the light from "qualified to find that sort of information" takes a few days to reach me.

If there aren't any such things maybe we should start one. The Skyscraperpage REIT hahaha... we should, theoretically know a little about the market. Except we can't let Wizended manage it.. he hates everything :-P.
Not an expert but I believe most of the REITs buy product after development. A couple of the larger ones like Avalon Bay or Essex Property will develop some of their own but generally they're all in the REIT business, not the development business. I can't think of any in downtown that are owned by REITs. Wouldn't be surprised if that changes though.

[DownhomeDenver]

So which projects out of this list do we really think will happen?

1. 1401 Lawrence Office Building
2. 1144 15th Street Office Building
3. Eviva Apartment Building
4. The Confluence Apartment Building
5. Skyhouse Apartment Building
6. 1801 Wewatta Hotel/Office Building
7. Tabor 2 Office Building
8. Alexan Uptown Apartment Building
9. Z Block Office Building
10. 999 17th Street Residential/Office Building

[navyweaxguy]

Which ever one is the shortest and cheapest for the win Bob!

[comoneymaker]

Originally Posted by DownhomeDenver

So which projects out of this list do we really think will happen?

1. 1401 Lawrence Office Building
2. 1144 15th Street Office Building
3. Eviva Apartment Building
4. The Confluence Apartment Building
5. Skyhouse Apartment Building
6. 1801 Wewatta Hotel/Office Building
7. Tabor 2 Office Building
8. Alexan Uptown Apartment Building
9. Z Block Office Building
10. 999 17th Street Residential/Office Building

None of those. Some other new project that comes out of no where and starts construction a month later.

[DenverPoke]

Originally Posted by DownhomeDenver

So which projects out of this list do we really think will happen?

1. 1401 Lawrence Office Building
2. 1144 15th Street Office Building
3. Eviva Apartment Building
4. The Confluence Apartment Building
5. Skyhouse Apartment Building
6. 1801 Wewatta Hotel/Office Building
7. Tabor 2 Office Building
8. Alexan Uptown Apartment Building
9. Z Block Office Building
10. 999 17th Street Residential/Office Building

I'm hoping for at least 1,2,4 and 5.

[RyanD]

Originally Posted by DownhomeDenver

So which projects out of this list do we really think will happen?

1. 1401 Lawrence Office Building
2. 1144 15th Street Office Building
3. Eviva Apartment Building
4. The Confluence Apartment Building
5. Skyhouse Apartment Building
6. 1801 Wewatta Hotel/Office Building
7. Tabor 2 Office Building
8. Alexan Uptown Apartment Building
9. Z Block Office Building
10. 999 17th Street Residential/Office Building

With my somewhat insider info swaying my answers I'm going to say:

2,4,5,8,9