DENVER | Main Development Thread #7

[Arapahoe]

Originally Posted by wong21fr

Looking at the site development plan it looks to be a pretty basic block building. Alexan Arapahoe Square comes to mind but with a driveway cut-out on Logan and mesh screening covering the parking.

here's the text description for Novel Uptown in epermits submitted last month:

A new 10-story, 300,000 SF building is proposed on the southwest corner of East 16th Avenue and Logan Street. The building will have a single level below grade parking garage with 1 level above grade. The ground floor level will have a coffee shop retail space, resident lobby, service spaces, and walk out residential units along Logan St and E 16th Ave. Floors 3-10 contain rental residential units and amenity spaces.

[Arapahoe]

Originally Posted by midwestcowboy

It's technically at Park and Lafayette. See aerial from the equity provider:

ah, thanks. If I was going to tear down something, that would be it.

[SirLucasTheGreat]

On the Bannock tower, I hope it gets built. IIRC, LMC sold it to Urban Villages, who is the developer. Their portfolio is slim but they are developing Populus (Aspen tree looking hotel at 14th and Court) so perhaps they are for real. If you look in the top right corner of the top right drawing, I believe that might be the 30 story building that they are also proposing at 12th and Acoma

[TakeFive]

Source

Originally Posted by midwestcowboy

It's technically at Park and Lafayette. See aerial from the equity provider:

[SirLucasTheGreat]

Here's the best shot I've seen of the proposed 30-story tower on Acoma (the one in the bottom right).

[rds70]

12th and Delaware Apartments:

250 units, 13 stories, 2,000 sf retail:



Proposed construction start Q1 2022.

[SirLucasTheGreat]

That's really 12th and Delaware? Are they going to demolish Cuba Cuba or something? There's a small parking lot on the NW corner but this projects looks it takes much more space

[rds70]

Originally Posted by SirLucasTheGreat

That's really 12th and Delaware? Are they going to demolish Cuba Cuba or something? There's a small parking lot on the NW corner but this projects looks it takes much more space

This is across the street from Cuba Cuba (it can be seen in the lower right hand corner). It takes three or four lots on the east side of the street currently occupied by single story row homes and two older office buildings.

[SirLucasTheGreat]

Thanks a lot! I'm excited for all the infill. I just hope some of those monstrous lots on 13th avenue are infilled soon. It seems like you have updated us on a few of those planned projects. I hope they all come to fruition.

[Arapahoe]

Originally Posted by rds70

12th and Delaware Apartments:

250 units, 13 stories, 2,000 sf retail:

Proposed construction start Q1 2022.

... must be the Cambrian explosion of Denver development

[Arapahoe]

A newish 24 story Union Station tower in the news:

Tenants at The Grand Say the Apartments Are Anything But

[bunt_q]

So the little triangle parcel between Colfax/Court/14th across from Webb and the City and County Bldg… where that really cool hotel was proposed… it looks like they demolished the existing structure today. Anybody have any updates?

[TakeFive]

Appreciate This

Originally Posted by coolmandan03

Using Firefox, there's a Bypass Paywalls extension. Works great!

I used to run Firefox for years before I switched to Chrome. I suspect I'll download it and give that a spin.

Originally Posted by BG918

This is definitely something that is trending the wrong direction in Denver. Homicides and shootings are way up and large parts of downtown that previously felt safe no longer feel that way. I know in my Denver neighborhood there has been an increase in burglaries and theft as well.

It just boggles my mind the amount of juvenile gun violence.

Clearly the addicted develop a keen talent for theft.

Excellent Description

Originally Posted by laniroj

Good points but I believe missing the key factor: the suburban decline in production is due to the fact that land development fell off the map entirely starting in 2007 and lasting through roughly 2012.

Homebuilders need lots and generally focused pre-great recession on buying finished lots to build homes, not necessarily entitling land which is long, risky, and unpredictable work. Some of these big communities we see in the suburbs/exurbs take 10+ years from conception to shovels. Land development is also terrible for the publicly traded company earnings reports and balance sheets so they stay away. Land development is back in full swing but the momentum, as many rightly point out, shifted to urban center and brownfields. It's been picking up in the suburbs, but we still do have anywhere near the level of suburban sprawl/production that we've enjoyed continuously from 1900 to 2007, kicking the 1930's to the curb...

But there is a problem using new home construction/sales data to suggest a housing shortage - for one simple reason.

We became a Rental Nation

As wong reminds us it became too difficult to get 'young' buyers approved for new homes. Young Millennials all wanted to live in downtown apartments anyway. So it only made sense for builders to focus on the upscale market. There continued to be some mid-level home construction too.

But at some point builders realized they needed more land and you're right there became a scarcity of buildable lots maybe 2014-2015. Then everybody rushed to get zoning approval in the same week and you can imagine how quickly that happened.

Speaking of the extended time for development, that also applied to builders switching to those larger land barges downtown that Robert.hampton is so fond of.

[TakeFive]

Originally Posted by jbssfelix

Oh good, someone finally straightened out the Jenga tower in Austin.

I recall my 1st impression being, well impressed. But I quickly decided it looked more funky than impressive

Originally Posted by SirLucasTheGreat

That's really 12th and Delaware?

Worth noting is that 12th and Delaware was completed over 10 years ago.

Originally Posted by Arapahoe

... must be the Cambrian explosion of Denver development

I had to google Cambrian explosion - It's a thing.

Too funny

Originally Posted by Arapahoe

A newish 24 story Union Station tower in the news:

Tenants at The Grand Say the Apartments Are Anything But

That is owned by Shorenstein Properties and I can imagine there's some interesting conversations between them and Saunders who was the GC as well as specific subs likely including plumbing sub-contractors.

Speaking of Shorenstein Properties they recently purchased this empty office building at 3600 Brighton Blvd. from Haselden etal.


Courtesy of Revolution360 LLC

https://www.denverpost.com/2021/12/02/vacant-new-rino-office-building-rev360-sells-for-72m/

Ed Haselden never wanted to develop a spec office building.

When he and his partners broke ground on Rev360 at 3600 Brighton Blvd. in the spring of 2019, they already had a marquee tenant planning to move in. WeWork had committed to taking two of the building’s five floors.

Ofc the WeWork lease blew up.

That meant Rev360, completed in July 2020, was sitting vacant.

“Our objective was never to own a 100 percent spec building,” Haselden told BusinessDen Tuesday. “It was really putting us in a situation where that’s not what we do.”

This week, Haselden and his development partners — Keystone Equities, Rob Cohen and Tributary Real Estate — sold Rev360 to San Francisco-based Shorenstein Properties, both parties confirmed.

Shorenstein Properties also has this building coming.

Shorenstein is also partnering with Denver-based Nichols Partnership to develop the five-story One Platte office building at 1701 Platte St., which will be completed next year. This is the company’s first deal in RiNo; it previously owned Denver City Center downtown, selling the two office towers for $400 million in early 2020.

I can recall posting about the sale of the City Center property.

[TakeFive]

Agree that holding onto your Denver Condo is a good idea

Originally Posted by twister244

The other thing I experienced is several people I met in the five years I was in Denver have also left. It's a pretty transient city for millennials, unless they settle down out in the burbs with kids.

You might just want to move back some day. Stranger things could happen. Keeping your Denver condo would make the move back easy.

You make good points though and that's interesting about others that you knew also moving. Still, a small sample size.

I'm trying to figure out what's going to happen with the economy

I ordered a new crystal ball for Xmas; I'm also reminded I've had many crystal balls over the years and always ended up smashing them against the wall as their predictions were lousy.

Inflation looks to continue which is NOT good. At some point the Fed may be forced into sending the economy into recession to break an inflationary cycle. It wouldn't surprise me if housing prices stagnate but as you point out they've already gone up a lot.

Whatever happens I have to like Denver's relative position. OTOH, I could see some serious erosion of confidence in California.

In any case your arguments on behalf of Chicago are all good.

[RyanD]

Originally Posted by bunt_q

So the little triangle parcel between Colfax/Court/14th across from Webb and the City and County Bldg… where that really cool hotel was proposed… it looks like they demolished the existing structure today. Anybody have any updates?

Construction permit was filed 01/21 and is still in progress with the city. Storm and sewer filed 05/21. So they still have a bit of permitting to go (electric, mech, etc).

Word on the street is they want to try to ground break early-ish next year but we'll see.

[midwestcowboy]

Originally Posted by TakeFive

Source

Thank you. I'm a recent transplant from Indianapolis and very active in our development forum back there. Thought I would join in the conversation here to get a better understanding of the Denver landscape.

If anyone is interested, I'd recommend checking out the Indianapolis forum. Obviously, there isn't nearly as much development there, but the topical/project/neighborhood-specific threads are really helpful in keeping conversations clean. Not sure who the moderator is here, but could be worth looking into.

Thanks for having me and I'm happy to be in Denver!

[TakeFive]

Originally Posted by midwestcowboy

If anyone is interested, I'd recommend checking out the Indianapolis forum. Obviously, there isn't nearly as much development there, but the topical/project/neighborhood-specific threads are really helpful in keeping conversations clean. Not sure who the moderator is here, but could be worth looking into.

If you like your development neat and clean then head on over to DenverInfill.

Be advised:

That RyanD guy is lethal with a camera. His latest killer shot is of the Denver Art Museum - simply amazing.

It's also really cool how the site has added a Project Description box/bar. In the past I've searched for earlier posts to remind me of the developer-architect-contractor so I especially appreciate this improvement.

--------------------
I have to say though that I've never heard of a cowboy that doesn't like getting a little dirty?

THIS would be one of my favorite cowboy songs b/c even cowboys appreciate a good violin.

[RyanD]

Originally Posted by TakeFive

It's also really cool how the site has added a Project Description box/bar. In the past I've searched for earlier posts to remind me of the developer-architect-contractor so I especially appreciate this improvement.

Thanks! I started doing it on the Instagram page (@denverinfill) a while ago and figured it would be super useful on the site itself too.


Hoping to get some project tag improvements underway soon as well. If anything, it helps us more as well.

[The Dirt]

Originally Posted by midwestcowboy

Thank you. I'm a recent transplant from Indianapolis and very active in our development forum back there. Thought I would join in the conversation here to get a better understanding of the Denver landscape.

If anyone is interested, I'd recommend checking out the Indianapolis forum. Obviously, there isn't nearly as much development there, but the topical/project/neighborhood-specific threads are really helpful in keeping conversations clean. Not sure who the moderator is here, but could be worth looking into.

Thanks for having me and I'm happy to be in Denver!

God, I wish we lifted and shifted this whole thread to Skyscraper City. I'm kind of tired of using a version of vBulletin from before smart phones were invented.