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Originally Posted by bunt_q
It's going to take a few years of litigation to answer this question. You can ask five attorneys around here and get five different educated opinions.
On the plus side, Lakewood and Aurora together make a compelling pair of cities for litigation purposes. Let's add Denver now.
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Lone Tree feels miffed by your lack of being inclusive.
My hope is that the Mayor Hancock and Team are holding hands/twisting arms on the Dem side of the aisle to get the Legislature to come around next year.
Scott Willey and his girlfriend pay $1,190 a month for a 650-square-foot apartment in Englewood. Photo courtesy of Jenifer Smith
"Sky's the limit as rents climb in Denver metro area"
One of the better (general) articles I've read comes via Castle Rock News-Press even if with a southern metro slant.
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Millennials flocking to Colorado for jobs and new, more liberal social policies. Baby boomers retiring in droves, looking to downsize.
Those are just a couple of reasons there are long lines of prospective tenants at apartment leasing offices, competing for rare vacancies in the Denver metro area.
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"Sizzle Factor: Apartment Developers Try to 'Out-Amenity' Rivals In Crowded Markets"
September 9, 2015 By Randyl Drummer, CoStar
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Demand for apartments is unrelenting across the country and new supply is being swiftly absorbed. As a result, the average apartment rent across major U.S. markets is increasing at a pace far above the inflation rate, and the national vacancy rate fell to a historical low of 3.7% in the second quarter of 2015, according to CoStar Portfolio Strategy.
In Denver, a subsidiary of the Dallas-based Encore Enterprises, Inc. recently closed on 5.83 acres for the future Encore Evans Station apartment community. The three-story, 226-unit garden-style development in the South Broadway submarket, the second of several planned multifamily communities in the Denver metro by Encore, features designs more reminiscent of lower-density suburban properties, compared with other new properties in the urban area, Encore said in a release.
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Not sure how Encore Enterprises was chosen but whatever. The article was rather interesting otherwise.
I've wondered if any developers will offer more square footage as an amenity?
"Toll Brothers, Lennar Bullish on Apartment Rentals"
Sept. 15, 2015 By Kris Hudson Wall Street Journal
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Two of the largest U.S. home builders are redoubling their push into the rental-apartment market, despite concerns the red-hot segment is getting overbuilt. Upscale builder Toll Brothers Inc. has said it intends to expand its apartment-development division...
Rival Lennar Corp. in July said it has recruited sovereign-wealth funds and institutional investors to create a $1.1 billion fund for building and holding apartments in up to 25 major U.S. markets. Lennar, which will build the fund’s apartments, intends to expand the fund’s equity to $2 billion within a year, executives said.
Toll is scouting several markets, including Seattle, San Francisco, Los Angeles, Dallas and Denver, for land where it can build apartments in 25% to 75% joint ventures with its partners.
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I recall recently reading that Lennar has purchased a site in RiNo. Either of these developers could build anywhere in the metro area of course.
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