DENVER | Main Development Thread #6

[CONative]

Originally Posted by lumos

I have only seen the word colotecture used on this forum; I assume that it pertains to colours inspired by the colon.

No...Colorado inspired brown colors, as well as boring and plain aesthetics.

[bunt_q]

Which is ironic considering we are "Colorful Colorado."

[Denver]

Saw some soil samples being taken today at the rumored new apartment project on speer between 13th and 14th.

[lumos]

Originally Posted by Denver

Saw some soil samples being taken today at the rumored new apartment project on speer between 13th and 14th.

I guess the 'soil samples' are for the colontecture colouring.

Actually, my sarcasm did cause me to learn something; I had thought that colotecture only applied to the monotonous earth tones and not for an aesthete of low ambition. The small sample of the final stonework on Pivot is particularly ugly.

[transistor]

I was downtown earlier today and I noticed that they started putting up the glass on 1401 Lawrence. It looks nice.

[Denverite]

I like the older and newer rendering for 999 17th Street (the "newer" rendering being the one shown on Shea Properties' website - not sure if that's truly the latest/final rendering though http://www.sheaproperties.com/office/detail/23/999-17th-street). I don't think this screams Colotecture as much as a lot of stuff, even then, while I'm worn out on Colotecture, if it's done right, it's ok. As far as I'm concerned, though, the low bar was set with the Coloradan. Anything, and everything, will be a work of art next to the Coloradan. I'm still trying to get over that one.

[corey]

Originally Posted by Liberty Wellsian

Yeah I get that there are twice as many transit riders in Denver that is why I was surprised with the rail ridership. Other reasons include; Denver opened light rail service before SLC did, Colorado is far less conservative than Utah(Srsly the number of people out here that don't "believe" in global warming is ridonkulous), Denver doesn't have the awkward geopolitical boundaries that SLC has, and the last time I was in Denver(about a decade ago) the rail looked to be coming along nicely.

As far as "SLC punching above her weight" I wouldn't put it that way. I would say that rail is underdeveloped in SLC to a lesser extent than many other US cities. I am still surprised to hear that Denver isn't forging ahead with rail at a faster pace than SLC.

So, when the three rail lines open later this year wont rail ridership in Denver probably double? Maybe even more than double with all of the riders going to and from DIA.

[bunt_q]

I don't understand why people assume airport lines have such high ridership. They're no higher than any other line, and often lower. East line is projected at 37,900 per day, 2030 ridership.

[lumos]

Originally Posted by bunt_q

I don't understand why people assume airport lines have such high ridership. They're no higher than any other line, and often lower. East line is projected at 37,900 per day, 2030 ridership.

Yes, and the 2025 numbers show the lines that are planned to have a higher ridership:


Southeast - 51 100
Central and CPV - 31 800
West - 31 200
East - 30 400
Southwest - 20 200
I225 - 15 200
North Metro - 10 200
US 36 - rail component - 8 600

[navyweaxguy]

I wonder how big of a suburb I could build with 1.3 Billion. Maybe a 3 mile long brownstone in colotecture. With a max of 3 stories.

[bunt_q]

I figured it's right about $450 million cash option after taxes (if you're paying Colorado state taxes).

[CharlesCO]

^^^

I'm surprised to see the projected ridership for the southwest line to be lower than the airport line. I always thought the southwest line was doing *almost as well as the southeast line.

[bunt_q]

Originally Posted by CharlesCO

^^^

I'm surprised to see the projected ridership for the southwest line to be lower than the airport line. I always thought the southwest line was doing *almost as well as the southeast line.

Those are old numbers (projections). But the pattern holds. We have real numbers for the Southwest and Southeast now:

Average weekday ridership (observed):
Ridership on C & D lines totaled 26,829 in 2011.

Average weekend ridership (Observed):
E, F, and H lines totalled almost 41,427 in 2011.

[rds70]

A slightly different perspective of the Le Meridian/AC Hotel under construction downtown:



In other news, according to the Colorado Real Estate Journal (no link), the Hilton Hotel on Block 162 will contain 462 rooms.

[BG918]

Colorado Real Estate Journal (no link), the Hilton Hotel on Block 162 will contain 462 room

Interesting. The rumors were always closer to 1000 rooms similar to the Hyatt. I guess that leaves the door open for more hotels in that area.

From the January Wash Park Profile, anyone have anymore info?

A construction proposal was submitted for the Sherman Street and Mississippi Avenu corner, which is right near the recently built Sprouts Farmers Market. The seven story dwelling that is under review would contain 400 units and 585 parking spaces

[Sam Hill]

Originally Posted by bunt_q

I don't understand why people assume airport lines have such high ridership. They're no higher than any other line, and often lower. East line is projected at 37,900 per day, 2030 ridership.

Haha! I'm guilty of blindly making that assumption. I guess it's because I live in the city, so in my mental map of the transit system, the line that goes to the airport is a line that I would actually use because it actually goes somewhere. Same thing with the southeast line. If I ever need to go to DTC I can take it. The rest are lines to nowhere.

[wong21fr]

Originally Posted by Sam Hill

Haha! I'm guilty of blindly making that assumption. I guess it's because I live in the city, so in my mental map of the transit system, the line that goes to the airport is a line that I would actually use because it actually goes somewhere. Same thing with the southeast line. If I ever need to go to DTC I can take it. The rest are lines to nowhere.

Shit, the SW line goes to Bunt's house. That's all you need right there.

[wong21fr]

The chances of Block 162 breaking ground is pretty good IMO. The project is being developed by Patrinely Group for the US Office Development Program (a PE fund sponsored by USAA's Real Estate branch). This fund has a number of developers involved and some strong money behind it. It has a mix of build-to-suit, pre-leased, and spec projects in development meaning that Block 162 falls into one of these categories. My guess is that it's going to be a speculative development as it does seem that a good number of the Program's project's have been built-to-suit and pre-leased and they need some additional speculative projects to balance out the portfolio.

If it is pre-lease, I'm betting the requirements are fairly low. I think that Anadarko was mentioned as a potential tenant and this PE fund was developed Anadarko's Houston HQ. Could be a definite contender there.

[PLANSIT]

Originally Posted by BG918

Interesting. The rumors were always closer to 1000 rooms similar to the Hyatt. I guess that leaves the door open for more hotels in that area.

Everything I had heard was a ~500 room hotel for Block 162 with a ~1,000 room hotel as part of something likely City-backed, like the concepts we have seen for the potential Performing Arts complex revisioning.

[Denver Dweller]

http://www.bizjournals.com/denver/blog/r...BElKTwGoSbqOBYu5F%2FO7W7Amf&t=1452641888