DENVER | Main Development Thread #6

[bcp]

that's a nice get for DT!

[DenverPoke]

The fence is still up around the Eviva Cherokee site but the banners advertising it have been removed. I wonder if this project is dead for now?

[bcp]

Originally Posted by BG918

Condo defect bill passes the Senate...will it make it through the House? If it does do we start seeing new high rises proposed?

http://m.bizjournals.com/denver/news/2015/04/14/construction-defects-reform-bill-gets-final.html

In summary:

1) majority of condo owners need to approve to take action, not just the board
2) first step is mediation, chosen by builder and HOA
3) owners can still sue if they are not pleased with mediation

seems reasonable to me...right to cure, and right to sue are in place. this doesn't guarantee instant affordability (nothing really does...) but it opens up a massive pipeline for supply, and less-than-luxury will follow when that market cools off.


Let's hope we don't get shenanigans from Hullinghorst...

"The issue, however, is not whether the bill would pass if brought up for a vote of the full House; most observers believe it would succeed easily. The question is whether Hullinghorst assigns it to a committee like the House Judiciary Committee or the House State, Veterans and Military Affairs Committee that will kill it before it has a chance to reach the full House.

The six Democrats who joined with Republicans to pass the bill out of the Senate were:

Sen. Leroy Garcia of Pueblo;
Sen. Mary Hodge of Brighton;
Sen. Cheri Jahn of Wheat Ridge
Sen. Michael Johnston of Denver;
Sen. Pat Steadman of Denver; and,
Ulibarri."

^^^ for those D Senators..

Maybe she wants to hear from you?

Email: [email protected]
Aide: [email protected]
Phone: 303-866-2348

[TakeFive]

Originally Posted by BG918

Condo defect bill passes the Senate...will it make it through the House? If it does do we start seeing new high rises proposed?

http://m.bizjournals.com/denver/news/2015/04/14/construction-defects-reform-bill-gets-final.html

MAYBE...

The DBJ also carried an article yesterday about how supporters are advertising in local rags of Dickey Lee Hullinghorst plus a couple of Dems who sit on key committees.

It appears there's more than enough support among Dems in the full House to pass this. The trick is not getting stuck (to die) in committee. Perhaps this from your linked piece will help?

Maybe the key provision on the bill was an amendment that Ulibarri added during floor debate on Friday that clarifies that homeowners who feel any arbitrator’s decision did not follow the law have a right to appeal that decision to a trial court.

“I feel good. We had strong bipartisan support in the Senate, and I know we have strong bipartisan support in the House.”

Perhaps the amendment can serve as an excuse/catalyst to get this thing done.

Otherwise it's wait until 2017 after next year's elections. Should both chambers go Republican they won't see as good a bill as the one they have in front of them. I'm not worried about Hickenlooper signing whatever gets passed when it does.

I'm sure there are a few developers just biding their time waiting for relief. No doubt they'll continue to wait (for the most part) until something gets passed.

[TakeFive]

Originally Posted by DenverPoke

The fence is still up around the Eviva Cherokee site but the banners advertising it have been removed. I wonder if this project is dead for now?

Perhaps Novare Group bought them out for another SkyHouse?

[TakeFive]

Originally Posted by rds70

Another suburb to downtown business relocation:

Prologis to Move to LoDo

http://www.bizjournals.com/denver/blog/r...elocating-operations-hq-to-downtown.html

Checking McWhinney's web site for Z Block it states:

Large, column free flexible floor plates up to 45,000 SF

So leasing the top two floors would presumably be near 90,000 SF and virtually the same as their current 89,000 SF. It would however be a nice step up in quality, address and cost.

[rds70]

Union Station Block A webcam:

[EngiNerd]

Looks like they are drilling and pouring caissons!

[Denver]

A new adaptive reuse project is under construction in the Golden Triangle at 10th and Bannock.

Shift Workspaces has started turning the former Fistell’s Electronics Supply building at 1001 Bannock St. into its second Denver-area shared office outlet. Shift bought the 12,000-square-foot building from Fistell Holdings LLC in 2014 and is advertising a 2016 opening on its website.

Source: http://www.businessden.com/2015/04/14/co-working-space-expanding-to-golden-triangle/


Source: http://www.shiftworkspaces.com/location/1001bannock

[TakeFive]

^ N I C E !

And the beat goes on... Only this time a company is moving from Englewood to Denver's booming aerotropolis.
"Kärcher moving North American HQ from Englewood to Denver"
Apr 14, 2015 by Caitlin Hendee, Denver Business Journal

Mayor Michael Hancock, along with Kärcher Group CEO Hartmut Jenner and Kärcher North America CEO Hannes Säubert, celebrated the relocation with about 250 attendees Tuesday at the new building, located at 4555 Airport Way in Denver. Kärcher North America (is) a subsidiary of Winnenden, Germany-based Kärcher Group

[Denver]

Originally Posted by TakeFive

^ N I C E !

And the beat goes on... Only this time a company is moving from Englewood to Denver's booming aerotropolis.
"Kärcher moving North American HQ from Englewood to Denver"
Apr 14, 2015 by Caitlin Hendee, Denver Business Journal

Ironically, this is the building that Prologis is vacating.

[DownhomeDenver]

Originally Posted by Denver

A new adaptive reuse project is under construction in the Golden Triangle at 10th and Bannock.


Source: http://www.businessden.com/2015/04/14/co-working-space-expanding-to-golden-triangle/

That's a pretty impressive renovation compared to what is there now.

[rds70]

Here is the third and final(?) version of the 20th and Chestnut Hilton Garden Inn design. This is the design awaiting City approval:

[BG918]

Originally Posted by DownhomeDenver

That's a pretty impressive renovation compared to what is there now.

I live right by this and have wondered what took so long for this building to be redeveloped. The homeowners in the new townhomes across the street will definitely be happy. Now just need more of the surface lots around there to turn into condo buildings.

[Denver]

Originally Posted by rds70

Here is the third and final(?) version of the 20th and Chestnut Hilton Garden Inn design. This is the design awaiting City approval:

It just gets worse and worse...I really hope that is brick on the exterior.

[comoneymaker]

OMG OMG BIG BIG NEWS!!! Are you all ready for this????????????



They are Drilling!!!!!



The grass lot next to Shotgun Willies. Here we come small 1 story shop!

[TakeFive]

Originally Posted by rds70

Union Station Block A webcam:

It looks like that photo you posted has darkened.

[TakeFive]

Originally Posted by comoneymaker

OMG OMG BIG BIG NEWS!!! Are you all ready for this????????????

They are Drilling!!!!!

The grass lot next to Shotgun Willies. Here we come small 1 story shop!

Are you sure?

[DownhomeDenver]

Originally Posted by comoneymaker

OMG OMG BIG BIG NEWS!!! Are you all ready for this????????????



They are Drilling!!!!!



The grass lot next to Shotgun Willies. Here we come small 1 story shop!

Oh! Em! Gee!!! I hope it's gonna be a Walgreens!!!!!

[rds70]

Originally Posted by DenverPoke

The fence is still up around the Eviva Cherokee site but the banners advertising it have been removed. I wonder if this project is dead for now?

It looked like they were doing utility locates around the site this morning.