Source: Matt Vance of the Colorado Real Estate Journal
Standing on a downtown balcony, cranes are visible in every line of sight. But just how fast are we growing? 10,200 apartment units are in planning or under construction right now, which would grow the downtown apartment stock by a whopping 49 percent. Are we really growing that fast!?
The Colorado Real Estate Journal analyzed the jobs to apartment units ratio (how many new jobs are needed to fill one new apartment). With Denver’s jobs to apartment units ratio falling and more jobs entering the city, this means Denver’s population is shifting towards renters. The 10,200 new apartment units will may help Denver’s downtown keep up with the city’s influx of jobs.
Source: Caitlin Hendee at the Denver Business Journal
Real estate development is seeing a parking lot and turning it into a district, which is exactly what The Rockies are doing. The west parking lot at 19th and Wazee will be transformed into what will be known as “the Stadium District,” an impressive and dynamic mixed-used development that will connect LoDo to Union Station and RiNo. This block will have an outdoor plaza, the Rockies Hall of Fame facility, a hotel, retail, entertainment, residential, offices, and food and beverage spaces.