Hump Day Highlights
* History is made as
DBJ announces that according to AAA, Denver made the Top Ten list for summer travel destinations among road warriors at #10. I can only assume it's all the cranes downtown and thousands of people wanting to check out prospective apartments for their move to Denver.
* I got a chance to review James Real Estate Services
1st Quarterly Report and while he continues to throw up caution flags for increased apartment vacancy he has over the last year counter-balanced that with more positive points. The only notable Starts in Denver were the 511 units at 1707 and 1777 Chestnut Place and the 99 unit Senior Residences at 1625 Pennsylvania Street.
* DBJ also recently announced that Colorado was 7th in addding construction workers YOY at 7% which off an already healthy number is still impressive.
* There is a noticeable uptick in suburban apartment construction but it's off such a low base that it still doesn't seem like all that much when scattered around. Lennar Homes is more active than I realized although they've focused mostly on suburban apartments. The only notable Denver project (to date) will be a 336-unit project to be built in the Green Valley Ranch neighborhood. It will be three miles from the RTD's Gateway park transit station at 40th Avenue and Airport Boulevard. Getting closer. Lennar is also sitting on two downtown sites.
* The economy seems to be bumping along with bad news being offset by good news. Couple of interesting mergers but whether that's good or bad news for Denver is still off in the distance.
One of my
favorite songs as I was packing to leave Denver.