DENVER | Main Development Thread #6 - Page 162

Stonemans_rowJ · #**3221** Posted **Mar 24, 2015, 4:47 PM**

Quote:

Originally Posted by DenvertoLA

Platform at Union Station has rebooted their website. It's legit and the rent is not bad at all.

http://platformatunionstation.com/

I wonder what it means (for instance) "starting at $2700" etc. Maybe that means floor 2, with no parking space. Seems like one of the most expensive buildings down there from what I can tell (which it should be). Cadence looks cheaper as does Verve from their websites. Seems City House and Elan should be a lot cheaper.

Probably cheap compared to LA though...

enjo13 · #**3222** Posted **Mar 24, 2015, 5:31 PM**

Quote:

Originally Posted by Stonemans_rowJ

I wonder what it means (for instance) "starting at $2700" etc. Maybe that means floor 2, with no parking space. Seems like one of the most expensive buildings down there from what I can tell (which it should be). Cadence looks cheaper as does Verve from their websites. Seems City House and Elan should be a lot cheaper.

Probably cheap compared to LA though...

They're more expensive than Cadence (at least as of six months ago), but not by a lot (2 bedroom unit appears to be ~$150 more a month). Which surprises me to be honest. Nicer building and amazing views.

BG918 · #**3223** Posted **Mar 24, 2015, 7:03 PM**

The rumor downtown is that 1144 15th lost one of its main tenants (an oil & gas company) and may not be starting construction as scheduled. Let's hope that's wrong or they find another tenant so things can get started this summer.

DenvertoLA · #**3224** Posted **Mar 24, 2015, 8:01 PM**

Quote:

Originally Posted by Stonemans_rowJ

I wonder what it means (for instance) "starting at $2700" etc. Maybe that means floor 2, with no parking space. Seems like one of the most expensive buildings down there from what I can tell (which it should be). Cadence looks cheaper as does Verve from their websites. Seems City House and Elan should be a lot cheaper.

Probably cheap compared to LA though...

Those being the base prices makes a lot more sense. This building is the highest quality in DUS in my opinion, I would expect it do have prices in it's own tier compared to the others.

Right! My rundown apt. in Venice is more than a new studio in the Platform! ugh

DenvertoLA · #**3225** Posted **Mar 24, 2015, 8:08 PM**

Quote:

Originally Posted by BG918

The rumor downtown is that 1144 15th lost one of its main tenants (an oil & gas company) and may not be starting construction as scheduled. Let's hope that's wrong or they find another tenant so things can get started this summer.

What about that whole "100% speculation" mantra they were touting?

TakeFive · #**3226** Posted **Mar 24, 2015, 8:11 PM**

Quote:

Originally Posted by BG918

The rumor downtown is that 1144 15th lost one of its main tenants (an oil & gas company) and may not be starting construction as scheduled. Let's hope that's wrong or they find another tenant so things can get started this summer.

That's been my concern. We heard a rumor about a supposed lease but not for who or where but the presumption had to be Hines. This can't have been a surprise for them; I can't imagine any energy company making a decision on future space needs at this time.

Interesting article came out Sunday about OPEC being willing to cut production but only if non-OPEC countries would participate. they don't feel obligated to carry the whole burden. Business Insider version HERE. Next OPEC meeting is in June.

DenvertoLA... Haha, that's why I posted about that but life happens. Still, just rumor.
The other thing I'd assume is that this project competes, in a sense, with everything else Hines has going on. Plus the company itself could be re-evaluating their own plans. Who knows?

J21bird · #**3227** Posted **Mar 24, 2015, 8:35 PM**

The DDP has released their 2015 state of downtown report:

“There is no question that Denver has one of the most successful downtowns in the nation. Our center city is economically strong and growing,” said Tami Door, president and CEO, Downtown Denver Partnership. “This report provides a benchmark of our progress. The state of Downtown Denver’s development is a direct result of long-time planning, visioning, commitment and collaboration.”

http://denverurbanreview.com/2015/03/dow...p-issues-statement-about-booming-growth/

wong21fr · #**3228** Posted **Mar 24, 2015, 8:58 PM**

Quote:

Originally Posted by BG918

The rumor downtown is that 1144 15th lost one of its main tenants (an oil & gas company) and may not be starting construction as scheduled. Let's hope that's wrong or they find another tenant so things can get started this summer.

Seems rather foolish when they already have financing issued- financing not reliant on pre-leasing.

But, that's rumors for you.

Fritzdude · #**3229** Posted **Mar 25, 2015, 12:25 AM**

Quote:

Originally Posted by enjo13

They're more expensive than Cadence (at least as of six months ago), but not by a lot (2 bedroom unit appears to be ~$150 more a month). Which surprises me to be honest. Nicer building and amazing views.

Only two guys on the pool deck with 13 other HOT women. Yeah... that's the Denver I've grown to know..

Stonemans_rowJ · #**3230** Posted **Mar 25, 2015, 3:08 AM**

Quote:

Originally Posted by DownhomeDenver

The Fairfield Inn is under construction near 27th and Wyandot.

And they've torn down the building at 28th and Vallejo.

[/url][/IMG]

DUPio · #**3231** Posted **Mar 25, 2015, 6:31 AM**

The East side of University between Harvard and Wesley is fenced off, as is another plot on the same side at Illif. The first plot is pretty large. Anyone know what might be going in?

mhays · #**3232** Posted **Mar 25, 2015, 1:54 PM**

Quote:

Originally Posted by wong21fr

Seems rather foolish when they already have financing issued- financing not reliant on pre-leasing.

But, that's rumors for you.

Being signed on as a financial partner doesn't mean saying "yes." That comes later, based on detailed study.

If it's scheduled for a summer start, how could they decide anything right now, not knowing the contract price, interest rates, market conditions, etc.?

wong21fr · #**3233** Posted **Mar 25, 2015, 3:33 PM**

Quote:

Originally Posted by mhays

Being signed on as a financial partner doesn't mean saying "yes." That comes later, based on detailed study.

If it's scheduled for a summer start, how could they decide anything right now, not knowing the contract price, interest rates, market conditions, etc.?

I didn't say signed on as a financial partner- I said that financing was already issued, that the facility was established. Now I have no idea what the terms of the facility are and whether or not pre-leasing was required to release funds. But, the financing for the project is certainly more advanced than just having a financial partner lined up.

TakeFive · #**3234** Posted **Mar 25, 2015, 4:13 PM**

It looks like we'll have an election issue.

"House speaker wants construction-defects bill amended"
Mar 24, 2015 by Ed Sealover, Denver Business Journal

Quote:

House Speaker Dickey Lee Hullinghorst on Tuesday laid out her clearest directive yet for passing a construction-defects reform bill: Amend it to include a right for condominium owners to file a lawsuit, or the bill is likely to die

Will that happen?

Quote:

“We’re trying to promote alternative dispute resolution, which is mediation, because it promotes figuring it out and moving on” in cases of resident/builder conflicts, Scheffel said. “So to take a step back and say we want to foster court cases is kind of counterintuitive to what we figure will facilitate owner-occupied, multi-family housing.”

Scheffel is a Republican so what does the Dem co-sponsor have to say?

Quote:

Ulibarri, meanwhile, said he believes the bill already preserves pathways to court. If the builder does not require arbitration or mediation to settle disputes in their initial contract with residents, they remain free to sue immediately, he said. Also, he said, parties who go through arbitration and believe the arbiter was biased or had a conflict of interest also can sue, he said.

“What we’re looking to fix here is that the current process is that the current process is incredibly lengthy and cost-intensive for homeowners and builders alike,” Ulibarri said.

Anybody recall the "rhetorical question" I asked? If Dickey Lee Hullinghorst had left the door open she's apparently decided now to slam it shut.

The Dirt · #**3235** Posted **Mar 25, 2015, 4:46 PM**

Why is it always the Republican lawmakers that have names that sound dirty in a 1920s speak-easy kind of way?

PLANSIT · #**3236** Posted **Mar 25, 2015, 4:51 PM**

Quote:

Originally Posted by The Dirt

Why is it always the Republican lawmakers that have names that sound dirty in a 1920s speak-easy kind of way?

If you're referring to Dickey, she's a Dem.

The Dirt · #**3237** Posted **Mar 25, 2015, 5:36 PM**

Boo! I read that wrong, then.

wong21fr · #**3238** Posted **Mar 25, 2015, 6:12 PM**

*Toungue in cheek*

Republicans = Whores of the corporations
Democrats = Whores of the lawyers

But both are superbly effective at the oral tricks they do for their clients.

BG918 · #**3239** Posted **Mar 25, 2015, 6:31 PM**

Quote:

Originally Posted by DUPio

The East side of University between Harvard and Wesley is fenced off, as is another plot on the same side at Illif. The first plot is pretty large. Anyone know what might be going in?

200 unit luxury apartment building

https://m.facebook.com/events/618191468275281/

Not sure about the other site but probably apartments/townhomes. A lot of new townhomes also going up on High St by University station.

TakeFive · #**3240** Posted **Mar 25, 2015, 6:33 PM**

Quote:

Originally Posted by wong21fr

*Toungue in cheek*

Republicans = Whores of the corporations
Democrats = Whores of the lawyers

But both are superbly effective at the oral tricks they do for their clients.

Exactly!

I will assume that for now this has little impact on downtown but some. Just build more apartment buildings with an eye to converting them later. One advantage, in addition to interim rent, would be the marketing option of offering "as is" units or upgraded units when converting.