Quote:
Originally Posted by TakeFive
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.
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Little impact except to push downtown condo prices through the roof. Recently saw a 731 sq. ft. unit in the Barkley ('60s/'70s era tower on 16th and Larimer) go under contract for $325K. It's insane. Dickey Lee is the same kind of Boulder type Democrat that her predecessor Morgan Carroll was - idealistic with no sense of the real world outcomes from poorly thought out laws (or worse she's protecting her lobby) - and I'm as liberal as they come. She has helped prevent shoddy construction though, just not in the way she intended. There is no shoddy construction because there is no new condo construction at all and hasn't been for years.
On a more positive note - The Hotel Kimpton and office building looks to be ramping up. GE Johnson has installed all new contruction fencing and there's some activity on site.
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