DENVER | Main Development Thread #6

[Denver Dweller]

http://www.businessden.com/2016/03/25/developer-turns-focus-to-downtown-denver/

[enjo13]

Originally Posted by TakeFive

For this calendar year it will be interesting to try to follow both the apartment absorption and vacancy rates for a sense of continued apartment construction demand.

There are several tech companies scrambling to open Denver offices right now.. by my informal count we're going to add at least 1500 tech jobs over the next 18 months or so just from non Denver based companies (there are some unannounced jobs in that number). Very large numbers of those employees (and their spouses/families) tend to prefer living in the city which will certainly help with apartment absorption.

[TakeFive]

Originally Posted by Denver Dweller

30 new apartments on tap for Cap Hill http://www.businessden.com/2016/03/25/30-new-apartments-on-tap-for-cap-hill/

Has that building been properly vetted for historical value?

Oh wait... looks like Burl Rolett, BusinessDen in your linked article covers that.

Work is underway on 30 new apartments at 821 Corona St., across from the Dora Moore School in Cap Hill. Plans for the project, named the Jux in plans submitted to the city, show 10 apartments in an existing two-story building and another 20 units in new construction.

Originally Posted by Denver Dweller

Developer turns focus to downtown Denver http://www.businessden.com/2016/03/25/developer-turns-focus-to-downtown-denver/

It's nice to see this type of small scale infill on sites like this.

[CastleScott]

^ With the huge pop growth of Denver I'll revise up and guess 754,000 for 2020 (count up under all bridges and knook and crannies like we did when I worked for the Bureau of the Census during Census 2000), just think more Fed $$$!!!

[TakeFive]

Originally Posted by CPVLIVE

Blizzard conditions and 14 inches of snow will do that


Photo by AAron Ontiveroz/The Denver Post

Did everybody get a chance to see how Boots the cat celebrated the blizzard?

• Video Link

Great photo btw.

[CastleScott]

^ Kool cat!!! Just think good thing your in Phoenix and I'm in Sacramento because those guys are going to get hit with another storm tonight into tomorrow, they do need the pricip though and yes ole Sac town sends its storms Denver's way...

[TakeFive]

Originally Posted by enjo13

There are several tech companies scrambling to open Denver offices right now.. by my informal count we're going to add at least 1500 tech jobs over the next 18 months or so just from non Denver based companies (there are some unannounced jobs in that number). Very large numbers of those employees (and their spouses/families) tend to prefer living in the city which will certainly help with apartment absorption.

That's good to hear.

I previously had projected that Denver should continue to do well and that builders will want to build.

The year started out a little shaky but things look to be back on an even keel. My conviction has been that outside of specific areas that lower oil and gas prices are a Big stimulus package for the majority. It's so broad-based that it can be hard to see but it's there. It also looks like there's growing confidence that the bottom in oil prices has already been made. Markets can deal with bad news, what Markets abhor is uncertainty.

I do wonder if the post-Great Recession great migration won't slow. It wouldn't surprise if the "pace" of new construction moderates which is more a point of curiosity and timing than serious concern.

QUESTION: Do you sense that the recent "boom" in tech startups is starting to run out of steam?

Originally Posted by CastleScott

^ With the huge pop growth of Denver I'll revise up and guess 754,000 for 2020 (count up under all bridges and knook and crannies like we did when I worked for the Bureau of the Census during Census 2000), just think more Fed $$$!!!

I bet that was quite an interesting experience. It's crossed my mind to work a census just for the novel experience but I haven't - so far.

[CastleScott]

I bet that was quite an interesting experience. It's crossed my mind to work a census just for the novel experience but I haven't - so far.

Do bro its quite the unique, novel and honorable experience...

[Cirrus]

Originally Posted by CastleScott

I'll revise up and guess 754,000 for 2020

We have projections for these things. They're not 100% accurate, but they're the best educated guess available. DRCOG's 2020 projection for Denver is 733,000.

[Stonemans_rowJ]

Whether they are ugly or not, Denver is the city of the monolith. I was just looking at The Huron and it is ridiculously long, almost comical.

It seems like on the condo front, pre-selling a 30 unit building, would be much less problematic than a 300 unit building, maybe even without the need for FHA certification, and then you slip in under the affordable housing requirements too.

There are quite a few small lots downtown, including 4-5 in the 14th and Wynkoop/Wazee area alone that have changed hands recently, and in fact have been getting a lot of core samples drilled recently.

[enjo13]

Originally Posted by TakeFive

QUESTION: Do you sense that the recent "boom" in tech startups is starting to run out of steam?

We're definitely off the peak and have been for about a year. Fundraising has slowed partly because investors have become skittish about the big players (the so called unicorns) but also because increasing interest rates have made other investments more attractive than they have been for the last several years.

That said, I don't sense that there is going to be much in the way of retraction. Consumer fundamentals still remain really good and there are still lots of untapped places for technology to grow.

The IBM's of the world are continuing their slow death, but among the younger companies that have been driving Denver's growth in the tech market are only going to keep growing for at least the next two years.

[Denver Dweller]

http://www.denverpost.com/business/ci_29686733/highland-never-slowed-down-but-spots-major-infill

[balugajames]

Not sure this was posted here, but I found this preliminary drawing of the 15 story complex proposed to replace La Loma:



http://www.denverrealestatewatch.com/201...p_cron=1459195947.4915299415588378906250

[Denver Dweller]

http://www.businessden.com/2016/03/29/backyard-on-blake-builder-eyes-900k-townhomes-in-rino/

[comoneymaker]

Can we all just hunger strike or something till we get a new tallest with real architecture? lol Beat the drums!

[corey]

At Denver-cityscape there are renderings for another new office building on Platte Street, next to the I-25 pedestrian bridge and pile of kidneys sculpture.

[DenverInfill]

It's official! 1700 Platte Street.

http://denverinfill.com/blog/2016/03/new-lower-highland-project-riverview-at-1700-platte.html

[lumos]

sorry, I cannot get my images to work today. Any way, what a great design for the river front. I wonder how long the single storey buildings will survive between 1700 Platte St and the new Boat House building at 20th.

[CherryCreek]

Originally Posted by DenverInfill

It's official! 1700 Platte Street.

http://denverinfill.com/blog/2016/03/new-lower-highland-project-riverview-at-1700-platte.html

Awesome little project. The transformation of Platte Street will be complete. I go back to the "Paris on the Platte" days in the 90s when the urban wasteland was still here - nothing but debris, trash, and hazardous waste between the west side of Platte and Union Station.

Even the most optimistic person then would have a hard time even hoping for what is now a reality with the transformation of that urban space.

[DenverInfill]

And there's still several more projects in the works too!