DENVER | Main Development Thread #6 - Page 486

TakeFive · #**9701** Posted **Jan 26, 2017, 7:27 AM**

comoneymaker... That's from the Puget Sound Business Journal

The original article in Bloomberg mentions them also wanting to expand their lower-priced Scion-branded hotels

But if they wanted to do a joint venture with John Portman & Assoc. and build a 40-story Trump Hotel on Block 162 I'd say "Welcome to Denver."

CherryCreek · #**9702** Posted **Jan 26, 2017, 2:59 PM**

Quote:

Originally Posted by TakeFive

It's gonna be sooo YUGE you'll beg me to stop the YUGE.

Even though there were a few sites like Calculated Risk that were warning of the growing insanity of the real estate market in 2006 it took two more years for the implosion to begin. It takes more than a few grumpy Bears to take down a determined Bull market. It's true they never ring a bell before things turn south; they can only speculate. It's also true that markets go down a lot faster than they go up.

The new Administration and Congress... who knows what will actually get passed. It's a real crap shoot. I'm betting on one or more grey swans to be the catalyst whether it's European politics, China or who knows what to turn things down.

Raleigh leaders: full speed ahead on Union Station
NOVEMBER 4, 2015 by PAUL A. SPECHT

I just happen to read this recently and I thought of DUS if they were just getting started. A 20% bump to the $450 million price would have been really bad news. No question that the early movers in Denver are in a great position.

A modest recession could actually be good for Denver development - after the initial shock wore off. It could drop construction costs as well as interest rates.

Good point! Denver did so much hard preparatory work when times were tough and made some great infrastructure improvements when things were slower and cheaper.

Denver in the early 80s was a city in rapid decline - it looked like a rest belt city with a dubious future. I remember the rickety viaducts and abandoned industrial lands that framed downtown as a decaying (and increasingly, an abandoned) island.

Not to pat ourselves on the back, but Denver's revitalization didn't happen by accident. From the 80s through the 2000s Denver made massive investments in infrastructure with broad, broad support - city and regional leaders & voters and private industry, as well as wise (and patient) leveraging of limited federal resources.

The US lags so much in needed infrastructure investment and Denver has been a notable, early exception with very tangible results to show for it.

mhays · #**9703** Posted **Jan 26, 2017, 3:23 PM**

Same question as I'm asking in my own city...where would his customers come from? He's toxic to most of the country as shown by approval ratings (even many of his own voters held their noses), and has pissed off people from the Middle East, China, and the world in general. Who's left that wants his Biff Tannen brand of "luxury"?

mojiferous · #**9704** Posted **Jan 26, 2017, 4:32 PM**

So apparently the hotel on 16th in LoHi isn't happening. It's going to be apartments...

Hot LoHi lot sells for $10M; hotel plans scrapped

Scottk · #**9705** Posted **Jan 26, 2017, 5:52 PM**

Quote:

Originally Posted by comoneymaker

“Although he is now officially the leader of the free world".

That would be Angela Merkel.

Seriously who would want to stay in his properties? They are so gaudy !

And talk about an easy target for terrorism ! I was in Vegas last month and stopped by his hotel to check it out - no security to speak of. Surprising, considering that he is now president.... seems like a soft target.

TakeFive · #**9706** Posted **Jan 26, 2017, 6:07 PM**

Quote:

Originally Posted by mhays

Same question as I'm asking in my own city...where would his customers come from? He's toxic to most of the country as shown by approval ratings (even many of his own voters held their noses), and has pissed off people from the Middle East, China, and the world in general. Who's left that wants his Biff Tannen brand of "luxury"?

Eh, not a concern of mine. If they want to build a 5-star 40-story hotel they can call it whatever they wish. If the brand doesn't fly they can re-name it the mhays Elegante for all I care.

Quote:

Originally Posted by mojiferous

So apparently the hotel on 16th in LoHi isn't happening. It's going to be apartments...

Hot LoHi lot sells for $10M; hotel plans scrapped

That's interesting. I've always been a fan of Mill Creek Res. They weren't the earliest national developer but they were early enough (The Douglas) that they obviously have done very well and continue to like Denver. It's also interesting that as one of the larger nat'l apartment builders they haven't minded pursuing more modest sized projects. They're currently building Modera River North Arts on Blake Street and also acquired the site at 12th and Grant Street to build Modera Capitol Hill.

seventwenty · #**9707** Posted **Jan 26, 2017, 6:26 PM**

Decade or so old article on Trump's old Denver proposal.
http://www.worldclasscondohotels.com/articles/denver.htm

mhays · #**9708** Posted **Jan 26, 2017, 8:10 PM**

Quote:

Originally Posted by TakeFive

Eh, not a concern of mine. If they want to build a 5-star 40-story hotel they can call it whatever they wish. If the brand doesn't fly they can re-name it the mhays Elegante for all I care.

If you're wondering if they'll build anything, their market position is a concern. I suspect the brand will have serious problems, which is already evident based on anecdotal reports. (Actually anecdotes are all we'll get short of yet another bankruptcy or sale...they'd never announce anything negative.)

The Dirt · #**9709** Posted **Jan 26, 2017, 10:25 PM**

Quote:

Originally Posted by seventwenty

Decade or so old article on Trump's old Denver proposal.
http://www.worldclasscondohotels.com/articles/denver.htm

Quote:

"Denver is a very vibrant city," he said. "If I bought a piece of land today, the building wouldn't open for another three years. I think Denver is going to be very strong 10 years from now and even three years from now. Where it is going to be six months from now, I have no idea."

Holy shit! His prognosis on Denver was spot on. You don't think he could have... nah...

https://twitter.com/vinnycaravella/status/704891731871965185

RyanD · #**9710** Posted **Jan 26, 2017, 10:49 PM**

There's a new project going through the new Arapahoe Square design review. This particular one has a long ways to go.

600 Park Avenue

13-stories, 238 Apartments going up on Park Ave West and Welton; across the street from Alexan Arapahoe Square.

CastleScott · #**9711** Posted **Jan 27, 2017, 5:42 AM**

^ This looks like a taller version of that hotel that's proposed near the courthouse off Speer (the Element near 13th and Elati St).

Pierre9436 · #**9712** Posted **Jan 27, 2017, 5:33 PM**

Quote:

Originally Posted by CastleScott

^ This looks like a taller version of that hotel that's proposed near the courthouse off Speer (the Element near 13th and Elati St).

Yeah, they do look a lot alike. They need to start coming up with some different designs. Better than a parking lot though.

The Welton and Park Ave intersection is going to be so much different when these buildings are complete. Hopefully we can get some different designs in the area going forward.

twister244 · #**9713** Posted **Jan 27, 2017, 7:51 PM**

The Confluence had a construction webcam this whole time!

https://app.oxblue.com/open/clarkconstruction/underconstruction

Bonus - Navigate you way back to the other cams across country, find the Salesforce Tower in San Francisco, then download the time lapse. Proceed to slide the bar back and forth and watch towers going up like crazy!

mr1138 · #**9714** Posted **Jan 27, 2017, 9:52 PM**

Quote:

Originally Posted by twister244

The Confluence had a construction webcam this whole time!

https://app.oxblue.com/open/clarkconstruction/underconstruction

Bonus - Navigate you way back to the other cams across country, find the Salesforce Tower in San Francisco, then download the time lapse. Proceed to slide the bar back and forth and watch towers going up like crazy!

That really is incredible. That area south of Market in SF is on fire! I didn't even realize the full scale of how much is getting built there right now.

comoneymaker · #**9715** Posted **Jan 28, 2017, 6:27 AM**

That is crazy. Too bad a handfull of them are sinking and will be abandoned soon.

Denver Dweller · #**9716** Posted **Jan 29, 2017, 8:25 PM**

http://www.denverpost.com/2017/01/29/tra...ect-elyria-swansea-560-homes-stock-show/

RyanD · #**9717** Posted **Jan 29, 2017, 10:22 PM**

This is a pretty crazy sight along Welton right now:

From the 21st and Welton Apartments update:

enjo13 · #**9718** Posted **Jan 30, 2017, 3:04 AM**

Slightly different perspective. I actually gasped when we walked up Park Ave and saw this today. I tried like hell to take a picture that could really do it justice. I failed.

TakeFive · #**9719** Posted **Jan 30, 2017, 4:21 AM**

Quote:

Originally Posted by RyanD
This is a pretty crazy sight along Welton right now:

You can say that again.

Quote:

Originally Posted by RyanD

This is a pretty crazy sight along Welton right now:

From the 21st and Welton Apartments update:

Thanks for the update. Good to see the groundbreaking news on Lennar's project. I'll be curious to see what they name it? They named their midtown Phoenix project The Muse.

Speaking of cranes a good number of them at this site.

Photo by Gabriel Christus/Aurora Sentinel

COtoOC · #**9720** Posted **Jan 30, 2017, 3:24 PM**

Quote:

Originally Posted by mr1138

That really is incredible. That area south of Market in SF is on fire! I didn't even realize the full scale of how much is getting built there right now.

Yeah, it's crazy. I go there for work 2 or 3 times per year, so I've seen it take off over the past couple years. I think a lot of it has occurred after they took down the Embarcadero Fwy.