This was my next question
Quote:
Originally Posted by EngiNerd
Plus it came online right about the time the Dairy Block did as well, so there is a lot of competition out there for new retail space.
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How is the Dairy Block doing?
I wouldn't worry much about Market Station retail; it's too good of a location.
Rambling Comment
The Pandemic hangover will continue to reverberate for some time. Retail, especially, has had more than its fair share of ongoing challenges.
Urban Infill is in style
That's one thing I've always agreed with
Ken about, the benefits of infill are various. With Denver it's especially the explosion of apartments and the people that fill them. Infill, in this case means they're scattered around as apposed to being primarily in one area.
In the "Valley" downtown Phx is seeing multiple new hi-rise apartment projects which is nice. OTOH, downtown has lost a number of notable office tenants to the shiny new urban infill in Tempe. Chase Bank, for example (which is much larger down here), recently left their long-time digs in downtown for shiny new space in Tempe. The area is what I would call one of those 'protected' areas; you're not likely to see any riff-raff.
It made me wonder if 10 years from now - or as leases roll over - many tenants might choose to move out of downtown Denver? At least in this case, RiNo or the new Cherry Creek development might be as far as they'd choose to go. I would also tend to believe that the LoDo area along with nearby newer buildings and pending new construction might make this area a 'protected' zone also.