Continued Growth for Colorado Neighborhoods!

Old office buildings and restaurants are getting second chances along the 38th corridor in Wheat Ridge. Enthusiastic start-up business owners, an influx of new residents, and city funding are breathing new life into this forgotten area. City planners started a revitalization plan in 2005, hoping to bring a new generation of residents to into their aging neighborhoods.

According to the Denver Post, more than 30 new businesses have located on the corridor, which stretches from Sheridan Boulevard on the east to just west of Wadsworth Boulevard. This influx is giving home buyers the urban amenities they crave in the more affordable suburban areas. People are looking for a refuge from increasingly expensive Denver but still want to be able to walk to places and have a drink or eat.

The overall focus of the area is shifting toward a community environment that is going to appeal to younger residents. "We need to create our own identity, and you need a reason for people to want to get here," said Steve Art, the city's economic development and urban renewal manager.

http://www.denverpost.com/business/ci_24243676/wheat-ridge-38th-avenue-corridor-change

Mix a “Session” of Art and Food at this Hot New Restaurant in Platt Park!

With an unassuming exterior and a shockingly bold interior the Session Kitchen, a new restaurant opening at 1518 S. Pearl Street, offers visitors indulgences for the eyes and the taste buds. While guests enjoy the wide range of sharable plates, including many vegetarian and gluten-free, they will be marveled by the 13 art installations filling the two-story building. The open spaces allow guest to be a part of everything that’s happening around the restaurant and creates a synergy throughout the space.

The Breckenridge Wynkoop Company enhances their theme of “sessions” by offering menus that can be served in sessions of one, two, three or four portion versions.

"Think about anything you love to do. If you love music then it's a jam session; if you love snowboarding then it’s a shred session," says Stefanie Jones who represents the restaurant. Not only is there something for everyone in the restaurant's aesthetic, but also on the menu.

Session opens to the public this Friday October 25.

For more information about the restaurant, see a full article at: http://denver.eater.com/archives/2013/10/21/where-art-meets-shared-plates-and-cocktails-a-session-kitchen-preview.php

Union Station’s Hip New Renovation!

Larimer Associates, the leasing and acquisitions company for Union Station, asked the public what they would like to see happen to this historic and landmark property. The public responded with an overwhelming desire to see Colorado-based businesses opened. They delivered!

Larimer Associates announced that The Kitchen Next Door, Snooze, an A.M. Eatery and a new restaurant and market concept by chef Alex Seidel will be the first major restaurant tenants at Union Station.

These three restaurants, scheduled to open in July 2014, will each feature large patios for outdoor seating, fresh products for their farm-to-table menus, and an energized collaborative spirit to enhance Denver’s food scene.

The restaurants, covering the gambit of morning, afternoon, and evening meals, will help transform Union Station into Denver’s next great dining destination.

The plan for Union Station also includes other locally owned restaurants, retail outlets and a 112 room luxury hotel.

Find out more about Union Station’s amazing transformation at:

http://insiderealestatenews.com/2013/05/22/snooze-and-2-other-local-restaurants-on-tap-for-union-station/

Denver, a Start-up Hub?

The end of Denver’s Startup Week clearly shows that Denver’s less than well know startup scene is on the rise. Learning from its neighbor, Denver is incorporating the most successful ideas from Boulder’s flourishing startup scene to grow their own. Denver also serves as a magnet for creative professionals who have an interest in bringing their bright ideas to the city.

Erik Mitisek, CEO Colorado Technology Association and organizer of Denver Startup Week, explains “The fusion of access to hospitality and tourism/travel industry, near top technology hub – is creating the perfect environment to build…startups.” Startups in the travel industry are seeing the most initial growth but as this environment continues to flourish and be nurtured by the City, Denver will draw more and more of the entrepreneurial energy.

The biggest hurdle for Denver’s startup growth is the lack of “big tech companies to anchor the scene,” says Mitisek. Cities with well know investors are what attracts more investors to support local companies. The startup community in Denver is still small and just getting started but with the full support of the City it will continue to grow.

For more information, visit: http://www.inc.com/welcome.html?destination=http://www.inc.com/jessica-stillman/denver-growing-startup-hub.html

New Development Projects in Cherry Creek!

Big development changes are coming to Cherry Creek! Over the next five years, six new development projects have either been started or announced. The developments will include a mix of office space, retail, and residences.

Projects currently under construction include 250 Columbine (office & retail), Filmore Residences (Apartments), and Adolf Coors Foundation Headquarters (office & retail).

Additional projects have been announced at 245 Columbine (mixed use), 100 Saint Paul Street (office & retail), and Steele Creek (Apartments).

Luxury living at its best! Modern architecture, loads of amenities, and spectacular views from roof top decks provide an upscale experience. Cutting edge office spaces, high-end retail shops and lavish apartments will give residents and visitors the best the Cherry Creek area has to offer.

See more project details at http://dmcar.com/

Cash Deals on the Rise!

In 2013, especially through the months of June – August, the market has seen “all cash” deals rise to more than 40%. This increase, from 32% - 41%, is mostly attributed to sustained investors, rising interest rates and a tight inventory.

Rising interest rates are making it harder for buyers needing mortgages to get a loan; mixed with the low inventory, where in multiple offer situations cash offers win almost every time, it’s easy to see why cash deals are becoming more popular.

The growing number of foreclosure purchases at auctions, which are all-cash purchases, also contributes to the hike in cash deal percentages. Investors are feeling more comfortable entering back into the market place and selling properties they were sitting. This in turn is freeing up their cash flow to invest in other properties.

You can see more of Realty Trac’s report at http://www.inman.com/2013/09/26/cash-sales-share-of-total-purchases-skyrockets-by-nearly-a-third-in-2-months/

UNIVERSITY PARK ROW HOMES: An amazing new development between D.U. and Observatory Park

Designed and constructed by Sprocket Design-Build, the University Park Row Homes are located at 2170-2180 South Josephine Street, one block east of D.U. There are 12 townhomes ranging 1,331 - 1,354 square feet, and each townhome has 2 bedrooms, 2 baths, an outdoor deck off the master suite, and a 2 car attached garage with storage area. Prices start at $399,000.

These stylish living spaces emphasize light and volume with open floor plans, oversized windows, and vaulted ceilings. Each plan’s interior palette has been created by noted Denver interior design firm MCdesign, and feature hardwood entries, stainless steel Bosch Appliances, and Chroma stone slab countertops. Each row home also has a private deck ranging in size from 137- 186 square feet and are pre-wired for outdoor speakers and plumbed for water and BBQ gas grills, making them perfect for outdoor entertaining.

University Park Row Homes effortlessly mixes the charm of a college town, the convenience of a central location, and the serenity of a traditional neighborhood where lovely historic homes and mature shade trees line picturesque streets.

For more information visit: UniversityParkRow.com