Map shows $1.3 billion in downtown developments

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Highlights:

  • The Downtown Denver Partnership releases a map of downtown projects.
  • The map shows $1.27 billion in projects
  • Another $800 million or so is in the pipeline.
This map, released by the Downtown Denver Partnership, highlights $1.27 billion in construction projects in downtown.

This map, released by the Downtown Denver Partnership, highlights $1.27 billion in construction projects in downtown.

By John Rebchook

Downtown Denver is undergoing a $1.3 billion building boom, shows a map released on Monday.

In addition, about another $800 million in projects are on the drawing board.

If the apartment, office, hotel and retail projects under construction were stacked on to each other, it would be the equivalent of a 401-story tower.

To put that in perspective, the tallest office building in Colorado, Republic Plaza, has 56 stories.

The Downtown Denver Partnership released a Downtown Denver Development Map that shows projects under construction or planned, as of April.

The $1.27 billion under construction includes:

  • 4,210 residential units, mostly apartments;
  • 1,741 hotel rooms;
  • Almost 2.4 million square feet of office space;
  • And nearly 230,000 square feet of retail space.

Development trends remain consistent with previous updates.

For example, more than half of the development of residential units are occurring around Union Station.

“There is more than $2 billion of investment currently planned or under construction in downtown Denver, signaling noteworthy progress towards our vision of a prosperous city that attracts jobs, growth and investment,” said Tami Door, president and CEO of the Downtown Denver Partnership.

“Projects around Denver’s Union Station, particularly residential developments, are moving forward at a faster pace than many had envisioned as developers recognize that building adjacent to this important multi-modal transportation hub is a smart investment,” Door added.

The map is intended as a resource for developers, investors and brokers interested in Downtown Denver.

The Downtown Denver Development Map, presented by Hensel Phelps. The map highlights key investments in Denver’s urban core.

The annual Downtown Denver Development Map, detailing all downtown Denver development projects since 2010, will be released in June.

Interested in buying a home in downtown? Please visit COhomefinder.com.

Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by 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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