DENVER | Main Development Thread #7

[coolmandan03]

Originally Posted by mojiferous

There is a solution to this right in front of us. Tax high incomes at high rates. Increase taxes for corporations, "investors", and wealth.

They'll just move to other states (or countries). As someone from the midwest, I have seen what high tax rate does for business. They just move out.

[Brainpathology]

Originally Posted by bobg

The homeless aren't a protected class

Finally something obvious that we can agree on.

Originally Posted by bobg

IMO Hancock let this fester for too long, and it finally blew up. That's leading to both draconian measures to sanitize areas that have spiraled out of control, and a flood of resources going to mental health, treatment, and 24/7 shelters.

This actually makes sense. And partially explains why the area went from tents to just as ugly fences and cops sitting on patrol cars with the lights on.

Originally Posted by bobg

There is plenty of other things that probably could be done but the city is running behind and playing catch up on it. But it is being taken seriously finally.

Probably not unique to Denver to be playing catch up.

[Denver]

Back to stuff that is relevant to this Forum.

I was driving down Brighton Blvd. last night and saw that demo had commenced on the warehouses at Brighton and 29th/30th. This is the site where Mass Equities and AECOM have proposed a large mixed use development.

Below is a rendering from the AECOM website. Not sure if it still current.

[Brainpathology]

Originally Posted by Arapahoe

That is called a straw man argument and a logical fallacy. Its employed weakly by those who can't defend their position on its own merits.

Camping Bans, Trespassing Laws, and Park Operating Hours are statutes already on the books in Denver. It is the law of the land.

Providing homeless with shelter, sanitation and services is not herding cattle. No one is being forced, however, our existing laws need to be enforced for the betterment of the city as a whole.

Literally putting an entire group together and implying they are violent, druggies and thieves is what you did.

I don't think you understand what an actual straw man is. Except calling my pointing out your lazy and insulting stereotyping as straw man is actually a straw man.. like strawman-ception or something.

The rest of this response is typical "law and order" justifications for problems and in the context of the rest of your responses fits in pretty well.

[TakeFive]

Originally Posted by coolmandan03

They'll just move to other states (or countries). As someone from the midwest, I have seen what high tax rate does for business. They just move out.

That's the best one-sentence response possible.

I forget the particulars but a number of pharmacy companies (as well as others) did move their HQ across the pond during the last decade. Ireland was an especially popular destination.

Many of the largest tech companies have Euro-sited operations which conveniently assists in sheltering income - but it's complicated.

Originally Posted by mojiferous

There is a solution to this right in front of us. Tax high incomes at high rates. Increase taxes for corporations, "investors", and wealth. Let's make the rich poor again and bleed our vulture classes dry.

There's a lot of eastern Europeans in the states including in Denver. There's a Schnitt-ton down here. To the best of my knowledge they DO NOT favor socialism; quite the opposite.

This country is currently experiencing a Labor shortage

Originally Posted by Brainpathology

Better yet would be Colorado as a whole guaranteeing a job to anyone who wants one - maybe they can be employed putting up the fences the city now loves so much. Or possible train them in construction.

A significant portion of inflation is due to our labor shortage and if you aren't being stressed by inflation, be patient you soon will. Labor shortages run the gamut from entry-level to tech.

BTW, I had to google "sine qua non" and you used it well.

While I wouldn't be in Ron DeSantis' fan club I guess he's marginally better than Trump. Interestingly, as awful as Trump was/is, Republicans managed to flip a couple of Hispanic/Cuban districts in Florida from Blue to Red. Even more interesting is that a couple of majority Hispanic districts in the McAllen Texas area also flipped from Blue to Red. Given the worst President in my lifetime that's an ominous sign. And as much as I love Joe Biden I sometimes feel like he's the captain of the Titanic.

[Brainpathology]

Originally Posted by TakeFive

There's a lot of eastern Europeans in the states including in Denver. There's a Schnitt-ton down here. To the best of my knowledge they DO NOT favor socialism; quite the opposite.

Well obviously, no government is supported by everyone and who would leave socialist countries if they could, besides those who hated it the most to come to the most Darwinian economy in the developed world.

I wonder how many Danes, Norwegians, Fins and Swedes etc. are running here though. Not that they don't have their own problems but saying eastern Europeans hate where they live and come here to bad mouth socialism probably misses a little bit about what else is wrong with socialism and possibly the exact flavor of socialism they use. For example I imagine most journalists from Belarus would come and give me a great monologue about how much "socialism" 🞵🞵🞵🞵🞵 where they come from.

[TakeFive]

Originally Posted by Denver

Back to stuff that is relevant to this Forum.

I was driving down Brighton Blvd. last night and saw that demo had commenced on the warehouses at Brighton and 29th/30th. This is the site where Mass Equities and AECOM have proposed a large mixed use development.

https://www.bizjournals.com/denver/news/...hton-apartment-project-planned-rino.html

Hanover Company recently proposed a seven-story apartment project that would replace a surface parking lot and single-story warehouse at 2900 Brighton Blvd. The company's site development plan is currently being reviewed by city planners and could still change before receiving approval.

Hanover's planned project would occupy about 3.3 acres of a larger, 5.7-acre parcel that's currently owned by Mass Equities Inc. and AECOM Capital.

[SirLucasTheGreat]

Those warehouses being razed on Brighton are the ones with the murals, right?

[Brainpathology]

Originally Posted by TakeFive

That's the best one-sentence response possible.

I forget the particulars but a number of pharmacy companies (as well as others) did move their HQ across the pond during the last decade. Ireland was an especially popular destination.

That's why the suggestion was to tax people not corporations, although better yet tax money the rich make/made in the US and don't assign it to things/people who can move easily.

Though as someone who has spent time in the midwest, currently lives in a low tax "utopia" and am currently actively trying to find work in Denver to move back I can say the only thing keeping those companies IN the midwest was all the tax savings that allowed their executives to travel AWAY as often as possible. 12 weeks of vacation and money are nice but they aren't that great when my husband and I would rather be gone 52 weeks.

Unfortunately there is NOT a labor shortage for pediatric neuropathologists in Colorado at the moment.

[Denver]

A couple more projects:

SDP was recently recorded for 2950 Arkins Court. Holland Partners is the developer and Engine8 is the architect.




Palisade Partners is replacing a parking deck at 720 Grant with a new mid-rise apartment building called Luma.

Milender White, Palisade Partners and Craine Architecture are teaming together to build 720 Grant Street, a new multifamily development in Denver’s Capitol Hill neighborhood. The project is an nine-story building that will deliver 104 residential units, with a total project size of 117,517 sq. ft. The development includes an over-height first level to accommodate puzzle car stackers that can hold 84 cars as well as bike storage for 55 bikes. The construction type is a high-rise, load-bearing metal frame over podium.

[TakeFive]

Houston-based Hanover Company left Denver and never looked back
until they decided to drop by recently for a second cup of coffee. Which just shows that "what goes around comes around."

And if your curious about Hanover's last project in Denver it was in 2008 and rds70 has you covered.

Here's a photo personally shot by rds70 dated 8/08 as construction was heading to the finish line. BTW, back in 2008 this was a significant 'urban' project.




In addition to Hanover's recent site purchase in RiNo, there's also this upcoming area of town where they also bought some land.

https://www.bizjournals.com/denver/news/...y-south-broadway-multifamily-denver.html

Hanover Company recently paid $9.5 million for a 2.47-acre site at the southwest corner of West Jewell Avenue and South Acoma Street, where the Houston-based developer is planning to build a 278-unit multifamily project, according to public records.

The project, referred to in plans as Hanover South Broadway, will be five stories, the maximum number allowed by the current zoning. Five stories of parking will be included at the north end of the structure, with 344 spaces surrounded by residential units on the exterior of the building.

Let's put our hands together and cheer for Hanover's Happy Return.

Well done

Originally Posted by Denver

A couple more projects:

[Arapahoe]

Originally Posted by Denver

Back to stuff that is relevant to this Forum.

I was driving down Brighton Blvd. last night and saw that demo had commenced on the warehouses at Brighton and 29th/30th. This is the site where Mass Equities and AECOM have proposed a large mixed use development.

Below is a rendering from the AECOM website. Not sure if it still current.

very cool. Every time I walk down that way, I see something new happening.

[TakeFive]

Originally Posted by Brainpathology

That's why the suggestion was to tax people not corporations, although better yet tax money the rich make/made in the US and don't assign it to things/people who can move easily.

Unfortunately there is NOT a labor shortage for pediatric neuropathologists in Colorado at the moment.

The wealthiest among us are very capable of changing their domiciles so it's mostly a fools errand. I just don't understand why we would choose to punish those creating the jobs and our relatively great economy?

That said, I'm not against 'reasonably' playing with the tax code. Interestingly, Pres. Obama also wanted to lower corporate taxes possibly down to 25% (we ended up at 22%) but the Republicans weren't about to let Dems take credit for lowering taxes. Regardless of any 'stated' rate it's the "effective rate" (actually paid) that counts and that is often driven my tax breaks and I see Dems have proposed over a $Trillion in tax incentives for their favored special interests. And round and round we go.

Sorry about the current demand for your specific occupation. I assume you visited your mom? How's she doing?

[Brainpathology]

Originally Posted by TakeFive

The wealthiest among us are very capable of changing their domiciles so it's mostly a fools errand. I just don't understand why we would choose to punish those creating the jobs and our relatively great economy?

That said, I'm not against 'reasonably' playing with the tax code. Interestingly, Pres. Obama also wanted to lower corporate taxes possibly down to 25% (we ended up at 22%) but the Republicans weren't about to let Dems take credit for lowering taxes. Regardless of any 'stated' rate it's the "effective rate" (actually paid) that counts and that is often driven my tax breaks and I see Dems have proposed over a $Trillion in tax incentives for their favored special interests. And round and round we go.

Sorry about the current demand for your specific occupation. I assume you visited your mom? How's she doing?

Reasonable left in the 50s and it actually worked then. And of course people can leave. But the laws can be crafted so that when you leave the money you make HERE is still taxed.

And yeah I have been visiting mom a lot. She's doing great! Trying to clue her in on how great living in Denver is but she likes HER acre and big yard as much as I like mine.. for some reason lol.

[TakeFive]

In the News

At some point we all have an expiration date and for some of us it comes sooner than others.

That day has come for the 8th avenue bridge.


Courtesy DOTI/Denver via CBS4

I didn't spend a lot of time on this bridge but I do recall using it on occasion. It will be missed; I mean anything 92 years old deserves a little respect.

https://denver.cbslocal.com/2021/09/16/8th-avenue-south-platte-river-bridge/

DENVER (CBS4)– Denver is replacing a bridge that’s 92 years old. It spans the South Platte River. Construction on the bridge at West 8th Avenue between Federal Boulevard and Zuni is scheduled to begin Sept. 27.

https://denvergov.org/Government/Agencie...rams-Services/Projects/8th-Avenue-Bridge

The 92-year-old bridge has exceeded its design life and needs to be replaced... The $10.8 M project is being funded through the Elevate Denver bond program (approved by voters in 2017).

But it's not just a bridge project; There will be a Whole suite of improvements.

Improvements Include

• Adding 10-foot wide sidewalks on both sides of the bridge
• Adding pedestrian lighting on the bridge
• Upgrading and improving curb ramps at pedestrian crossings
• Widening the S. Platte River Trail under the bridge and replacing trail ramps leading up to the bridge
• Adding trail connection through Frog Hollow Park to 8th Avenue
• Upgrading/replacing the traffic signal at 8th Avenue and Zuni
• Improving aesthetics and safety with new retaining walls

Block 162

https://www.bizjournals.com/denver/news/...our-downtown-denver-office-building.html

Block 162, a 30-story office tower that's been steadily approaching completion throughout the pandemic, is officially open for business.

This building has some nice amenities and one confirmed tenant.

Today, each of the office floors are available for tenant buildouts. Law firm Sherman & Howard was the first company to secure space in the building, claiming floors 23 and 24, the equivalent of roughly 60,000 square feet. The firm is currently building out its space and is expected to begin occupying the floors before the end of the year.

Are the leasing prospects looking better?

Lease negotiations are continuing with several other potential tenants, according to David Haltom, vice president of Houston-based Patrinely Group, which developed the project through a joint venture with San Antonio-based USAA Real Estate Co.

Haltom declined to name specific companies, but said Patrinely Group and USAA Real Estate plan to announce multiple new lease commitments within the next 30 to 60 days.

They probably slow-walked final checklist items given the market. Good chance they will see an uptick in leases for space going forward.

Long-time curiosity solved
I've had this lingering curiosity over how much the Denver City budget has changed over the last decade. It took a little digging but here is what I found.

2010 City of Denver Budget

• General Fund - $855.6 million
• Total Expenditures - $1.3 billion

2015 City of Denver Budget

• General Fund - $1.212 billion
• Total Expenditures - $1.72 billion

2020 City of Denver Budget

• General Fund - $1.49 billion
• Total Expenditures - $2.4 billion

The General Fund is what gets debated as these are discretionary funds. The Total Expenditures include things like long-term debt and Federal pass-throughs for various grants etc.

[coolmandan03]

Based on those numbers of City and County of Denver population, look like rates per person are going up

[Ich]

Does anyone know where this is going? The address is where another apartment building is under construction.

https://milehighcre.com/cypress-real-estate-secures-88-7m-construction-loan-for-denver-project/

[rds70]

Originally Posted by Ich

Does anyone know where this is going? The address is where another apartment building is under construction.

https://milehighcre.com/cypress-real-estate-secures-88-7m-construction-loan-for-denver-project/

https://goo.gl/maps/i4vzhzq86eaNWrRd7

[Ich]

Originally Posted by rds70

https://goo.gl/maps/i4vzhzq86eaNWrRd7

That makes more sense, thank you!

[Brainpathology]

Originally Posted by TakeFive

In the News

At some point we all have an expiration date and for some of us it comes sooner than others.

That day has come for the 8th avenue bridge.

Too bad there isn't a way to bring this bridge up for non-consensual historic preservation. I wonder how many people would change their feelings on that process if progress was halted around the city that actually impacts more than the adjacent homeowners very slightly.

(probably not many - as I believe the people taking advantage of that process are a small minority - similar to other populations that practice non-consensual activities)

Originally Posted by TakeFive

Block 162

https://www.bizjournals.com/denver/news/...our-downtown-denver-office-building.html

This building has some nice amenities and one confirmed tenant.

Are the leasing prospects looking better?

They probably slow-walked final checklist items given the market. Good chance they will see an uptick in leases for space going forward.

I saw that building and the rest of 15th street last week. I really love it. Even though I had to get downtown to see the building due to its height (or I had the wrong angles). The entire 15th street street wall is so much more impressive now and since 10-20 odd years ago. There are strong feelings of irony for me that the block that was once the proposed Trango Tower (huge loss) and then for a completely regular looking 24ish story office building (meh would have barely been better than nothing) is now possibly going to be the last good empty parcel to be developed along that stretch.