OppSites provides a platform to find under-utilized properties.
ULI Colorado is offering a free version of OppSites to members.
OppSites features information from 400 cities nationwide.
ULI Colorado members have an outsized impact on the future of growth in Denver and Colorado.
That’s because its 1,165 members, such as developers, architects, planners and brokers, are responsible for billions and billions of dollars of past and future developments.
Now, the ULI members have another tool allowing them to help shape the fabric of the state and metro area.
And it’s free.
ULI Colorado, a District council of the global Urban Land Institute, on Wednesday announced a partnership with OppSites.
“This partnership is designed to provide an additional benefit for ULI members,” according to Michael Leccese, executive director of ULI Colorado.
“We see this is an addition to the toolkit that will create only new opportunities for our members,” Leccese said.
However, it does not constitute an endorsement of OppSites or its services, he noted.
OppSites, based in Oakland, California, is an online platform that directs real estate professionals to under-utilized properties in Colorado cities. The company also provides the service nationwide.
It services are available to both the public and private sectors.
On the public side, cities, counties and economic development organizations can showcase properties it wants to see development. The company said it encourages economic development by providing a single platform where cities and the investment community collaborate to unlock economic potential on underutilized property.
This is how it works.
Cities, counties, and economic development organizations can showcase publicly and privately owned properties that they want to see redeveloped.
They can showcase sites that are not even listed for sale. The number of sites they showcase is unlimited.
Sites are showcased on a web-based platform. They can be shared with local and national real estate professionals.
One site showcased in Denver, for example, is Broadway Station District. That site encompassed the former Gates Rubber plant off South Broadway near Interstate 25.
“It’s an up and coming area with multiple TOD (transit oriented development) opportunities,” noted Tomas Janusas, co-founder and chief operating office of the privately-held OppSites.
There are five TOD sites available in the district.
As far as the private side, developers, brokers, and investors can find underexposed development opportunities.
These parcels, once developed, can support local economic development goals,.
The idea is that if the developers and others connect with city leaders, it will save time, streamline due diligence, and reduce risk.
The basic membership is free. As with many technology companies, more advanced services are available for a price.
OppSites allows cities, counties and EDOs to showcase an unlimited number of districts and sites. These can be shared with real estate professionals
Since OppSites was launched in late 2014, its database includes more than 400 cities. Twenty of them are in Colorado.
Colorado cities in OppSites range from Denver to Durango, Fort Collins to Wellington.
On July 12, OppSites will provide a webinar for Colorado city and economic development organizations. They will learn to showcase development sites. People can enroll for the webinar at: https://doodle.com/poll/wp3p7tpniih8tiii
Real estate professionals can view development sites posted by Colorado cities at: http://oppsites.com/search?keyword=Colorado
Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. DenverRealEstateWatch.com is sponsored by 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.