Quote:
Originally Posted by SirLucasTheGreat
I take it from that last picture that there will be a sidewalk underneath the light rail overpass that will allow for quick access to the I25 and Broadway Station from this development. This is exciting but I wish that RTD would construct a parking garage on one of their lots and then sell off much of the surface parking right outside of that station. I imagine that is the second busiest station in RTDs light rail system outside of Union Station. It would be great to make it as walkable and pedestrian friendly as possible.
|
I agree with building a parking garage; make it a Big One.
You were very close. Only the bookend station to the A Line at the airport has higher ridership than I-25/Broadway. Downtown stations along 16th and 18th streets are right there as well. Peoria Station has nicely grown its ridership too. You can see the 2019 ridership per station for May 19th thru August 19th
HERE.
The Upside to the Downside
https://www.bisnow.com/national/news...-report-100924
Quote:
Concerns over a potential downturn highlighted ULI's annual Emerging Trends in Real Estate report for 2020. The report, authored in partnership with PwC, compiled a survey of over 1,400 real estate industry experts to take their temperature on the market.
|
And with respect to real estate?
Quote:
Despite these risks in other parts of the economy, the commercial real estate market has remained strong with a steady flow of capital coming into properties, said Boston Properties CEO Owen Thomas, ULI's global chairman. "There's an enormous amount of capital that has been raised into funds," Thomas said. "You look at transaction volumes, and most classes remain at robust levels. Cap rates are stable. For the right properties and locations, there’s a strong bid and competitive market."
|
Props to
laniroj who has already pointed this out.
ULI report takes a decidedly cautious tone by repeating much of the negative predictions which are always out there. It's worth noting that the consumer which represents 70% of our economy is still going strong.
An Economic softening could be just what the Doctor ordered
With the softening of global markets in recent months the cost of industrial metals has come down considerably. A slackening in (construction) labor markets wouldn't be such a bad thing.
This could be a Big Boost to building more affordable housing. It's the one obvious sector that has waaay more demand than supply.