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  #7181  
Old Posted Oct 22, 2019, 3:20 PM
jhwk jhwk is offline
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Originally Posted by DenvertoLA View Post
is there any update on Kenect Denver? I really thought that one had legs.
It looks like the site is being used for construction staging for the RMPBS building. Maybe the developer leased it to Mortensen for the duration of RMPBS construction?
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  #7182  
Old Posted Oct 22, 2019, 3:22 PM
twister244 twister244 is offline
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Interesting to see if this occurs with any planned/UC developments in downtown.....

https://businessden.com/2019/10/22/devel...e-with-wework-following-ipo-disclosures/
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  #7183  
Old Posted Oct 22, 2019, 3:36 PM
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Originally Posted by jimijam35 View Post
https://www.denverpost.com/2019/05/02/denver-nuggets-colorado-avalanche-2040/


yeah its 2040- nothing wrong inside pepsi center , maybe some work needs be done outside-
Oh nice! Had totally missed that. That would seem to answer the question: the city won't be paying for a new arena any time soon, and if it's on Kroenke's dime till at least 2040, then it's likely the Pepsi center will continue as the Nuggets' and Avalanche facility for the foreseeable future. As an aside, I never did like the exterior design, though I don't know that there's much that can (or will) be done there.

Meanwhile, the Broncos are apparently locked in through 2039 and the Rockies through 2047. So unless a local team wants to self-fund a new facility, it looks like we are set for the next 20 to 30 years.
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  #7184  
Old Posted Oct 22, 2019, 3:41 PM
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Originally Posted by twister244 View Post
Interesting to see if this occurs with any planned/UC developments in downtown.....

https://businessden.com/2019/10/22/devel...e-with-wework-following-ipo-disclosures/
The shoes are definitely starting to drop for WeWork. WeWork's future may be uncertain, but at least it's founder won't be left high and dry:

Japanese telecommunications giant SoftBank is taking control of WeWork, and it’s giving WeWork founder Adam Neumann the equivalent of nearly $1.7 billion to sever most of his ties with the shared office space startup, according to The Wall Street Journal and the Financial Times. SoftBank will also spend up to $3 billion buying out shares owned by employees and early investors in the company, and it’s lining up some $5 billion in debt financing to help the startup move forward. This is all on top of the more than $10 billion SoftBank has already committed to WeWork as its largest investor.

https://www.theverge.com/2019/10/22/20926583/wework-founder-adam-neumann-softbank-takeover-payout

As others have argued, I think the co-working model is a great innovation, and will be viable in one form or another, whether WeWork manages to master that space or another entity does. It will be interesting if the Rockies' McGregor Square also walks away from WeWork - they were in discussions for WeWork to take the entire 210,000 square feet of office space there! With all the recent announcements of tech company expansion in Denver, I would think this prime location would have other options.
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  #7185  
Old Posted Oct 22, 2019, 5:16 PM
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Originally Posted by DenvertoLA View Post
is there any update on Kenect Denver? I really thought that one had legs.
There's a construction permit out for it. I think they are using the lot for staging on the PBS project and then will probably proceed once that's done.

Commercial Construction Permit 2126 LAWRENCE STREET - KENECT DENVER - NEW 25-STORY MIXED-USE RESIDENTIAL BUILDING (FOUNDATION ONLY)
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  #7186  
Old Posted Oct 22, 2019, 7:01 PM
CastleScott CastleScott is offline
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^ That’s great news-thanks Ryan!
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  #7187  
Old Posted Oct 22, 2019, 7:04 PM
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Ho hum. Another day, and another San Fran tech company choosing Denver as the location of a major expansion.


https://www.bizjournals.com/denver/news/2019/10/22/snapdocs-denver-expansion-hiring.html

A San Francisco-headquartered real estate technology company involved in more than 10% of U.S. residential mortgage transactions is opening a new home in Denver, choosing to expand to the Mile High City and hire as many as 635 workers here over the next eight years.

Snapdocs already has moved into its new office space in Denver and now is planning an “aggressive” ramp-up of hiring, according to a news release Tuesday from the Colorado Office of Economic Development and International Trade. The privately held startup company, which received a large private-equity investment in 2017 and is going for a large Series B funding round now, chose Denver over Salt Lake City because of several factors, founder and CEO Aaron King said.


I got to think the recent California power outages and the prospect of a continued future risk of those (tech companies LOVE electricity) just adds one more factor that may cause SF/Silicon Valley firms to further grow their employee base outside of California.
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  #7188  
Old Posted Oct 22, 2019, 11:49 PM
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Originally Posted by CherryCreek View Post
Ho hum. Another day, and another San Fran tech company choosing Denver as the location of a major expansion.


https://www.bizjournals.com/denver/news/2019/10/22/snapdocs-denver-expansion-hiring.html

A San Francisco-headquartered real estate technology company involved in more than 10% of U.S. residential mortgage transactions is opening a new home in Denver, choosing to expand to the Mile High City and hire as many as 635 workers here over the next eight years.

Snapdocs already has moved into its new office space in Denver and now is planning an “aggressive” ramp-up of hiring, according to a news release Tuesday from the Colorado Office of Economic Development and International Trade. The privately held startup company, which received a large private-equity investment in 2017 and is going for a large Series B funding round now, chose Denver over Salt Lake City because of several factors, founder and CEO Aaron King said.


I got to think the recent California power outages and the prospect of a continued future risk of those (tech companies LOVE electricity) just adds one more factor that may cause SF/Silicon Valley firms to further grow their employee base outside of California.
I still think the insane COL is the primary reason along with high taxes and an increasing number of incentives offered by Colorado. You can get a similarly educated workforce with many of the same outdoor/urban amenities for a much lower cost. At least for now, that gap gets smaller and smaller every year.
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  #7189  
Old Posted Oct 23, 2019, 12:27 AM
DenvertoLA DenvertoLA is offline
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Originally Posted by RyanD View Post
There's a construction permit out for it. I think they are using the lot for staging on the PBS project and then will probably proceed once that's done.

Commercial Construction Permit 2126 LAWRENCE STREET - KENECT DENVER - NEW 25-STORY MIXED-USE RESIDENTIAL BUILDING (FOUNDATION ONLY)
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  #7190  
Old Posted Oct 23, 2019, 2:05 AM
Darius C Darius C is offline
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Lonely Planet recommends Denver as one of 10 top cities worldwide to visit in 2020:
https://www.lonelyplanet.com/best-in-travel/cities
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  #7191  
Old Posted Oct 23, 2019, 2:35 AM
rds70 rds70 is offline
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Quote:
Originally Posted by RyanD View Post
There's a construction permit out for it. I think they are using the lot for staging on the PBS project and then will probably proceed once that's done.

Commercial Construction Permit 2126 LAWRENCE STREET - KENECT DENVER - NEW 25-STORY MIXED-USE RESIDENTIAL BUILDING (FOUNDATION ONLY)
A permit has also been submitted for the X Denver 3 project as well - about a block away at 21st and Arapahoe. 22 stories, 250 feet, 401 units.
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  #7192  
Old Posted Oct 23, 2019, 3:01 AM
rds70 rds70 is offline
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The Evolve Towers project at Champa and Park is also moving forward. Here is the massing study and image precedents:







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  #7193  
Old Posted Oct 23, 2019, 3:46 AM
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Can’t post the pics from my mobile but here’s a link for some renderings ^
https://www.ubuntupartnersllc.com/current
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  #7194  
Old Posted Oct 23, 2019, 12:21 PM
twister244 twister244 is offline
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Originally Posted by UrbanT View Post
Can’t post the pics from my mobile but here’s a link for some renderings ^
https://www.ubuntupartnersllc.com/current
Take.My.Money.......

Seriously, that is a sexy looking project. Definitely a stand-out for Denver architecture. I fully endorse!
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  #7195  
Old Posted Oct 23, 2019, 1:46 PM
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Looks eminently value-engineer-able. Take off that whole out layer and what’s left is a normal looking apartment building.
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  #7196  
Old Posted Oct 23, 2019, 3:01 PM
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Originally Posted by twister244 View Post
Take.My.Money.......

Seriously, that is a sexy looking project. Definitely a stand-out for Denver architecture. I fully endorse!
Agreed. Easily the best looking apartment project ever built in Denver - if it gets built, and if it looks like that.
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  #7197  
Old Posted Oct 23, 2019, 3:11 PM
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Originally Posted by UrbanT View Post
Can’t post the pics from my mobile but here’s a link for some renderings ^
https://www.ubuntupartnersllc.com/current
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  #7198  
Old Posted Oct 23, 2019, 3:19 PM
SirLucasTheGreat SirLucasTheGreat is offline
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Originally Posted by rds70 View Post
The Evolve Towers project at Champa and Park is also moving forward. Here is the massing study and image precedents:







When you say moving forward, what stage are you referring to? I didn't see a site development plan for this project.
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  #7199  
Old Posted Oct 23, 2019, 3:33 PM
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Interesting development on the question of whether the Park Hill Golf course can be redeveloped. Some in the neighborhood oppose any development whatsoever. Screw the housing shortage/crises - they want to look at rolling grassy open space (even if its not public accessible open space) on their way home to their expensive Denver homes.

As the Denverite notes - they may actually get their way due to a new state law which Westside Investment, the new owners, may have overlooked when they acquired the property last year. As you may recall, the City of Denver holds a conservation easement on the Golf Course preserving its use as a golf course, and would need to approve any changes to allow development. A new statute adopted last year may complicate that, A LOT:

The law states that it cannot be terminated unless a court says the conditions on or around the golf course have changed to make its continued conservation impossible. Advocates say the language makes building illegal.

“I believe that Westside wasn’t aware of that (law), because if you take a look at when the deal was closed, it was closed right after the law went into effect,” Webb said.

Denver City Council members Debbie Ortega and Candi CdeBaca have asked the mayor’s office for its legal opinion in an official letter.


I see no way you can credibly argue that due to changed conditions, conservation is now "impossible." Thus, Westside could be stuck with a lemon (from a developer's perspective) that it can't develop.

There at least one possible out, that's come up on here in other contexts: Home Rule. Again, the idea is that home rule cities can ignore any state law conflicting with home rule ordinances, with respect to legislation dealing with a purely local matter. Land use is a classic example of a "local matter" so I would think the city has a decent argument that the state can't tie the city's hands in this case. Also, I also would wonder whether a state can actually retroactively limit a property right in an easement (i.e., the right of the holder of the easement to transfer or remove the easement) without running afoul of the takings clause (government taking property without just compensation). In any event, if indeed the law was missed by Westside, perhaps they will have a malpractice claim against their attorneys? :-).

All interesting issues, but given the uncertainty and political opposition, these issues could to tie up the property for years to come. I suppose that, at the least, it's a future land bank for development, even if that comes 20 years from now.

https://denverite.com/2019/10/22/park-hi...y-hold-a-trump-card-to-stop-development/

Last edited by CherryCreek; Oct 23, 2019 at 3:44 PM.
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  #7200  
Old Posted Oct 23, 2019, 3:45 PM
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wong21fr wong21fr is online now
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Originally Posted by CherryCreek View Post
Agreed. Easily the best looking apartment project ever built in Denver - if it gets built, and if it looks like that.
That's because this sexy project is for-sale. For-sale = sexier than apartments.
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