Building permits soar in Denver

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Highlights:

  • Denver releases building permit figures.
  • Building permits in 2014 highest since 2004.
  • Single biggest building permit issued for Alexan Uptown.
The Alexan Uptown represented the single largest building permit issued in Denver in 2014.

The Alexan Uptown represented the single largest building permit issued in Denver in 2014. Building permits soared in Denver last year.

The City and County of Denver last year issued almost 68,000 building permits.

The 67,818 permit issued in 2014 represents a 22.7 percent jump from the 55,252 building permits issued in 2013,  shows data compiled by the Denver Community Planning and Development department.

Last year’s building permit activity represented the most permits issued in the city since before the Great Recession.

The last time more permits were issued was in 2014, when the city issued 73,151.

“Denver survived the recession better than most, and has been in a building boom since 2012,” said Andrea Burns, spokeswoman for the planning department.

“We’re seeing reinvestment activity increase across the spectrum from small DIY home projects to multi-housing and retail around our transit stations,” Burns continued.

“All of these projects create place-based economic development and lift up neighborhoods all over the city,” she said.

The impact on the city’s coffers from the building permit activity isn’t available.

Building permit activity in 2014 soared in Denver.

Building permit activity in 2014 soared in Denver.

The city does not break out building permits from other type of permits when it collects revenues, according to Burns.

The single biggest building permit was issued in December.

That building permit was for the 372-unit,12-story Alexan Uptown Apartments being developed by Trammell Crow Residential at 1935 Logan St.

The community, designed by Kephart, has a valuation of $43.7 million. The valuation is the estimated cost of construction materials and labor.

“There would probably be hundreds of small permits tied for the “smallest” permit,” Burns said.

She said permits were up across the board for all trades and construction types, including residential and commercial.

“We  did see a spike in roofing/siding permits – they were up 95 percent over 2013 due to the series of hail storms that hit various parts of the metro area in 2014,” Burns said.

There 15,285 roofing/siding permits issued last year, compared with 7,822 in 2013.

Burns said the increase in building permit activity represents a national movement of people moving to downtowns.

“There is a national trend of people wanting to live in cities,” Burns said.

“And Denver in particular is a desirable destination for people moving from other parts of the country,” she continued.

“Today people want to move here, live here, build here and reinvest in their homes, and that focus has contributed to Denver’s building boom,” Burns said.

Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee Co. and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.

 

 

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John Rebchook

John Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the Rocky Mountain News, he wrote about residential and commercial real estate for 26 years. He has won numerous awards for business stories and columns that he wrote, both as an individual and part of teams. In addition to real estate, he also covered economic development, banking and financing, the airlines, and cable TV for the Rocky. In addition, he was one of the original freelance writers for GlobeSt.com, covering commercial real estate for the Internet publication.

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