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  #12101  
Old Posted Jan 20, 2022, 5:17 PM
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Some things just take time
Quote:
“AHA has been working to make this project a reality for over 10 years and we are excited to see it finally come out of the ground.

Image courtesy Studio Completiva via Mile High CRE

Okay... in this 'day and age' I have a soft spot for veterans.

Affordable Senior Housing Project Breaks Ground
January 19, 2022 - Mile High CRE
Quote:
The Housing Authority of the City of Aurora (AHA) has begun the construction of Liberty View at Fitzsimons on a 2.3-acre site located next to the Veterans Community Living Center at Fitzsimons. The $20 million tax credit financed deal has been in the works for more than a decade and will create 59 independent living apartments for Veterans age 62 and older.

The Aurora Housing Authority has a long tradition of serving Vets and this development serves a very deserving sector of Veterans with affordable apartments,” said Craig A. Maraschky, the executive director of AHA.
Just sayin'.... some of the more meaningful things in life aren't necessarily 🞵🞵🞵🞵.
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  #12102  
Old Posted Jan 20, 2022, 6:09 PM
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Originally Posted by Sam Hill View Post
The median income in Denver is about $40k. The median household income is about $68k. How much longer can most of today’s Denverites afford to remain Denverites? When “the city” becomes an enclave for the wealthy, where all the people who serve their drinks, teach their kids, and police their streets are commuting in from elsewhere because they can’t afford to live here, that’s a problem. At that point Denver is no longer Denver and we’ve lost our city.

Denver is racing in that direction and it’s a heartbreaking thing to witness.
This is also heavily indicative of what we consider to be the real Denver. Is it Congress Park, Berkley, Capitol Hill? Or is it Montbello, Bear Valley, and Green Valley Ranch? One part is still somewhat affordable, the other is a playground for the upper middle class.

Agent Orange's comment is spot on that only certain income levels can afford walkable urban communities because we stopped building the product a half-century ago. TakeFive will throw out that new suburban developments will mimic some of the characteristic of walkable urban, but it's still a far cry from what one could get in a neighborhood like Jefferson Park, etc.


The other suggestion is to DINK it up to afford an urban area. SINK's are only allowed to rent.
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  #12103  
Old Posted Jan 20, 2022, 7:56 PM
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This may be one of the better and more interesting comments I've read
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Originally Posted by Agent Orange View Post
Living in a walkable, pre-war neighborhood in an American city with a good job market has become a true luxury. I own a smaller place in Park Hill (not the nice bungalow part) which is fine for now but has some issues as a long term residence. I've accepted the fact that when it's time to move on/upgrade, I will be leaving Denver proper, or the state altogether. Most of my friends, many of them working in tech making very good money and until recently avowed city people who rejected their cul-de-sac upbringing, have dispersed to the suburbs during Covid. As much as I prefer walkable historic neighborhoods, I also like being able to have money leftover after my mortgage for savings and eating out. (And that's not to touch the violent crime and drug epidemic issues that have also made cities less pleasant of late.) The millennial "return to the city" dream of the car-lite, streetcar suburb, local business supporting lifestyle is dead for all but the very upper middle class. We're all Outback driving, split-level owning, Big Box shopping suburbanites now. It was nice while it lasted though.
In reflection, it was only a decade ago that downtown was like a shiny new toy; when laniroj's favorite group of people, with the kids long gone were selling their Big House and moving into the City Center. Skies were full of cranes; life was busy and vibrant; crowds of shoppers and brewpubs grew; what was not to like - back then?

Certainly the Pandemic has been an accelerant but it's hardly a surprise that as Millennials grew older that their perspectives changed. That's only normal so some percentage moving back to the suburbs was very predictable.

But it's also true, for better or worse, that our lifestyles have radically changed over the decades.

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Originally Posted by COtoOC View Post
I've heard this same story from others. We moved to Stapleton into a new house in 2005, so "got in early". Where our house is located is currently walkable and I can walk to something like 19 locally owned restaurants (The Stanley and Eastbridge town center) and groceries, etc., so it finally ended up more like promised back in 2005. Obviously it's not a historic neighborhood, but I'm reasonably close to urban Denver and downtown, so I'm happy.
This is intriguing on a number of levels.

For starters, 'Stanley' was originally deemed risky and speculative. But it points to various factors (other than just density) that make a neighborhood a nice place to live. To a significant degree it's about being 'comfortable' with where you live as well as being convenient. And feeling safe (what we often take for granted) is quite important, especially as the years go by. It also demonstrates (in spades) the benefit of 'mixed-use' which can come in different and sometimes unpredictable flavors.

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Originally Posted by COtoOC View Post
What I'm not happy with this that our home value has more than doubled since buying it and last year, most of my 5% pay increase was eaten up by more property tax!
My cranky elder side agrees... it feels like everybody is trying to get into my pocketbook and that includes the Gubment.

----------------------

Did I ever mention that I was ambidextrous?
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Originally Posted by wong21fr View Post
This is also heavily indicative of what we consider to be the real Denver. Is it Congress Park, Berkley, Capitol Hill? Or is it Montbello, Bear Valley, and Green Valley Ranch? One part is still somewhat affordable, the other is a playground for the upper middle class.

Agent Orange's comment is spot on that only certain income levels can afford walkable urban communities because we stopped building the product a half-century ago. TakeFive will throw out that new suburban developments will mimic some of the characteristic of walkable urban, but it's still a far cry from what one could get in a neighborhood like Jefferson Park, etc.
Which is to say it's not either / or; it's not a zero sum game.

I can clearly remember when places like Jefferson Park, North Capitol Hill & City Park - even west Wash Park were places where 'The Poors' could live. Other neighborhoods you mention were more about average middle class folk.

I just want to point out that all these 'affordability' problems happened AFTER I moved out of (metro) Denver.

Quote:
Originally Posted by wong21fr View Post
The other suggestion is to DINK it up to afford an urban area. SINK's are only allowed to rent.
Cute... even if appropriate.
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  #12104  
Old Posted Jan 20, 2022, 8:52 PM
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Originally Posted by wong21fr View Post
The other suggestion is to DINK it up to afford an urban area. SINK's are only allowed to rent.
@SamHill ??
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  #12105  
Old Posted Jan 20, 2022, 9:56 PM
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What prompted me to start looking for a place to buy was the skyrocketing rents. Whether I SINK or DINK my goal is the same: Lock myself in to a “rent” I can afford while I still can.
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  #12106  
Old Posted Jan 20, 2022, 9:58 PM
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Renderings for Novel Uptown (1557 Logan Street). The project is currently going through permits.





Quote:
Novel Uptown is a new multifamily residential community at the confluence of Downtown Denver and the vibrant Uptown neighborhood. The design responds to its urban setting by incorporating influences of music, art and culture, while interweaving colors and textures inspired by adjacent historic architecture. Artistic green tile accentuates the building’s local brick and stone, creating an authentic experience that is timelessly sophisticated yet boldly contemporary.
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  #12107  
Old Posted Jan 20, 2022, 10:30 PM
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Originally Posted by Sam Hill View Post
What prompted me to start looking for a place to buy was the skyrocketing rents. Whether I SINK or DINK my goal is the same: Lock myself in to a “rent” I can afford while I still can.
Lol that was intended as a proposal haha. Best of luck out there! Wouldn't have thought things would get this out of hand so quickly, but here we are. And no structural changes in sight that might provide relief.
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  #12108  
Old Posted Jan 20, 2022, 11:36 PM
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Quote:
Originally Posted by Agent Orange View Post
Lol that was intended as a proposal haha. Best of luck out there! Wouldn't have thought things would get this out of hand so quickly, but here we are. And no structural changes in sight that might provide relief.
Cue The Odd Couple theme….
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  #12109  
Old Posted Jan 21, 2022, 2:55 AM
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Lol!
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  #12110  
Old Posted Jan 21, 2022, 3:53 AM
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Just so you know Agent Orange, we’re going to need a whole extra room just for all the music gear I’ve accumulated but haven’t used in years and refuse to get rid of because it would be like admitting I’m getting old.
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  #12111  
Old Posted Jan 21, 2022, 4:09 AM
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Originally Posted by Denver View Post
Renderings for Novel Uptown (1557 Logan Street). The project is currently going through permits.
Man I love brick. And those slightly recessed windows…
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  #12112  
Old Posted Jan 21, 2022, 3:03 PM
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Originally Posted by Denver View Post
Renderings for Novel Uptown (1557 Logan Street). The project is currently going through permits.
very nice. I see a well designed building that should fit the area well...doesn't look like it is about to set sail either!
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  #12113  
Old Posted Jan 21, 2022, 3:05 PM
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Already broken ground. Drills were on site yesterday for foundation work.
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  #12114  
Old Posted Jan 21, 2022, 3:20 PM
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1900 Lawrence (32 story office tower) opened a new permit application for shoring this month. The site has been fenced off now for a few weeks.

would be funny if they actually beat Amacon to shovels.
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  #12115  
Old Posted Jan 21, 2022, 3:53 PM
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Quote:
Originally Posted by TakeFive View Post
[SIZE="3"]


For starters, 'Stanley' was originally deemed risky and speculative. But it points to various factors (other than just density) that make a neighborhood a nice place to live. To a significant degree it's about being 'comfortable' with where you live as well as being convenient. And feeling safe (what we often take for granted) is quite important, especially as the years go by. It also demonstrates (in spades) the benefit of 'mixed-use' which can come in different and sometimes unpredictable flavors.


My cranky elder side agrees... it feels like everybody is trying to get into my pocketbook and that includes the Gubment.

----------------------
Yeah, I was worried the Stanley wouldn't make it in the beginning, and during the 2020 shutdown. But it's quite successful, and adding all the apartments to the south will only make it busier.

I'm glad I can walk to it because parking isn't easy! They've really done a great job hosting events that bring in people from all over the metro.
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  #12116  
Old Posted Jan 21, 2022, 3:56 PM
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Nice on 1900 Lawrence. Really excited to see something relatively tall go up. I think X Denver 2 is the probably tallest project under construction and then Evans West. 1900 Lawrence, the Greyhound, 14th and Stout Hotel, Kenect Denver, the Bell Tower, and Amacon seem to be some other possibilities for this year

Here's an interesting rendering of 1900 Lawrence:
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  #12117  
Old Posted Jan 21, 2022, 4:31 PM
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Friday's Potpouri
Quote:
Originally Posted by Denver View Post
Renderings for Novel Uptown (1557 Logan Street). The project is currently going through permits.
It may have taken Crescent Communities years to finally get around to developing in Denver (from their first land acquisition) but it has been well worth the wait.

---------------------
Talk about a head scratcher....
Quote:
Originally Posted by wong21fr View Post
Already broken ground. Drills were on site yesterday for foundation work.
That Mass Equities piece felt like it was 2 to 3 years dated since they have since sold off sites to other developers and indeed.... that article has now disappeared from the face of the earth.

--------------------
That's quite the perspective for 1900 Lawrence!
Quote:
Originally Posted by SirLucasTheGreat View Post
Nice on 1900 Lawrence. Really excited to see something relatively tall go up.
Not breaking news

but it was good to see the recent report of Block 162 signing two more tenants (both law firms) in addition to Sherman & Howard. This brings the leased space up to ~90,000 Sq Ft so about 15% occupancy but given the market conditions it's still positive news.

It would be nice if one of the Big Tech companies would grab a couple of hundred thousand square feet but haven't even heard any whispers.
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  #12118  
Old Posted Jan 21, 2022, 5:22 PM
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Originally Posted by SirLucasTheGreat View Post
Nice on 1900 Lawrence. Really excited to see something relatively tall go up. I think X Denver 2 is the probably tallest project under construction and then Evans West. 1900 Lawrence, the Greyhound, 14th and Stout Hotel, Kenect Denver, the Bell Tower, and Amacon seem to be some other possibilities for this year

Here's an interesting rendering of 1900 Lawrence:
pretty prominent signage opportunity - viewable from the ballpark and major traffic inflow corridors.
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  #12119  
Old Posted Jan 21, 2022, 5:34 PM
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DIA's Great Hall project is now fully funded after council approved their $1.1 Billion request. 6 more years of construction to finish the plans and moving both security checkpoints -- for a total of 10 YEARS of construction from when this project originally began in 2018. DBJ

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  #12120  
Old Posted Jan 21, 2022, 5:37 PM
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Same developer as One River North


A side view rendering of The Broadleaf, courtesy of Davis Partnership Architects via Mile High CRE

New Mixed-Use Residential Development Coming to Fitzsimons Village Master Plan
January 10, 2022 - Mile High CRE
Quote:
Construction is underway, with completion anticipated in the spring of 2024.

The development team of Uplands Real Estate Partners, The Max Collaborative, and Wynne Yasmer Real Estate are planning to deliver a new mixed-use residential development located within Fitzsimons Village, across from the Anschutz Medical Campus in Aurora. The Broadleaf will include 370 residential apartments and more than 9,000 square feet of ground-floor retail space lining the boulevard within the master-planned Village.

Davis Partnership Architects is the architect for the project and JE Dunn is the general contractor.
Who the heck is Uplands Real Estate Partners and The Max Collaborative?
Quote:
Uplands Real Estate Partners and The Max Collaborative were both founded by members of the Ratner family, the founding family of Forest City Realty Trust, which led the transformative redevelopment of Denver’s old Stapleton International Airport.

Wynne Yasmer Real Estate is a Denver-based developer whose principals, Brian Wynne and K.C. Yasmer, are both former Forest City executives.
TOD: Are you there?
Quote:
The Broadleaf is located four blocks from the Colfax Light Rail Station, providing future residents with direct access to downtown Denver and Denver International Airport...
Dang: Updating the Projections
Quote:
“The medical campus is home to approximately 25,000 employees and more than 4,000 students, with a total of 55,000 people expected to be working or studying at the campus at full buildout. The Broadleaf will provide residents with a level of quality, design, and amenities not yet offered in the Fitzsimons market.”
In case you've lost track, I've got your back

Since the first prominent development on the south side of Colfax - the Hyatt House Hotel and Conference Center plus additional office space - this new project makes third multi-story (CWIDT?) multifamily project built in that area.

First up was The Forum built by local developer Catalina Development
Quote:
Avanti Residential has continued its nationwide strategy of acquiring apartments in high-demand markets by purchasing a mixed-use community in Aurora, Colo. The company acquired Forum Fitzsimons for nearly $159 million from Catalina Development, according to Yardi Matrix data
Forum Fitzsimons - 13650 E. Colfax Ave


Courtesy Avanti via Apartment Finder
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