Exciting New Projects Around Denver!

The bustle around our city is getting exciting. With all the new construction projects that are happening in every neighborhood, it’s easy to see the results of Denver’s growing popularity. The current real estate market is being dominated by new construction and here are some amazing projects happening right now!


TEN10 Brownstones

Ten10 Brownstones, are sophisticated townhomes in the heart of the Golden Triangle. Seventeen brownstones, with a contemporary spin on design, are planned at the corner of 10th and Bannock St. Exterior materials will consist of floor to ceiling glass windows, sandstone, and brick which provides an exciting mix of warm and cool elements while also capturing the abundance of Colorado's predominantly sunny days. Each unit offers 3 beds/3.5 baths, 2 car attached garages, generous rooftop decks, private balconies, gas fireplaces, 10ft ceilings and sleek high-end finishes. Appointments include custom flat panel cabinets, Quartz type stone countertops, designer tile, European style glass shower doors, four piece designer baths, and open floor plans. Priced from mid-500’s and square footage ranges from 1895-1995 square feet. Construction is estimated to commence in February 2014 and completion is estimated for October 2014.


University Park Row

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.

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. Each row home also has a private deck with Trex decking. Decks range in size from 137- 186 square feet, are pre-wired for outdoor speakers and plumbed for water and BBQ gas grills, making them perfect for outdoor entertaining.

Don’t miss out on getting into these great neighborhoods!

For more project information visit: www.TEN10Brownstones.com and www.UniversityParkRow.com

Rising Mortgage Rates Shouldn't Make You Worry!

Experts predict that with the recovering economy, a shift in Federal Reserves, and rising home values, interest rates will reach above 5% in 2014. With a steadily growing housing market, buyers shouldn’t allow rising interest rates to deter them from buying a home.

Here are four reasons buyers shouldn’t let rising interest rates affect their home search:

1. Mortgage rates rising but they are not reaching drastically high levels.

Looking at interest rates in a historical context helps put our rising interest rates in perspective. Close to a decade ago, a 30-year fixed rate mortgage was around 5.24%. The dramatically low rates due to the housing market crash has made 5% seem like a huge increase but it is normal for a healthy housing market.

2. Housing inventory increases.

Nationwide, home values are hitting a 7 year high and have continued to increase for 17 consecutive months since last year. New construction also continues to dominate the market, creating an increase in the supply of new homes.

3. Less competition from investors.

Real estate investors, who like to buy cheap cleaned up in the wake of the housing market crash. They often bought up reasonably priced properties before regular homeowners had a chance. With home prices rising, experts are predicting that investors will slow down their buying leaving more inventory for individual home buyers.

4. Federal Reserve’s tapering.

Mortgage rates have started to steady, and the tapering of Federal Reserve regulations signals a recovering and strengthening economy.

For more information visit: http://finance.yahoo.com/news/4-reasons-you-shouldn-t-worry-over-rising-mortgage-rates-223016788.html

Denver Draws Residents Away From Other Big Cities!

What makes Denver so great?! Current residents already know. The rest of the country is starting to catch on to Denver’s sheer awesomeness, and as a result many are making the move to our fair city.

The influx of so many new residents is due to an increased desire of homeowners to live in a more affordable city. Denver represents the best of both worlds: it offers the food, culture, activities, and quality of life that are on par or exceed that of coastal cities like New York, San Francisco, and Boston, while at the same time maintaining a healthy affordability factor.

What is creating this draw?

1. The mix of affordability, quality of life, a burgeoning downtown, and open spaces.

2. The growing young population is encouraging the development of apartment and residential projects. Denver has tied Seattle for the third-biggest increase in 25-34 year old residents from 2008-2012.

3. Colorado is home to some of the nation’s most popular skiing destinations, not to mention the great food scene, art galleries, bars and nightclubs.

4. New companies that are seeking an educated workforce are helping to drive the unemployment rate down lower than the national average. In October Denver’s unemployment rate was 6 percent, compared to the 7 percent nationwide average.

All of this new growth is being seen in the housing market as well. The median sales price of a single-family home in Denver has raised 9.7% since the third quarter and the number of days on market has dropped significantly. Home prices are beginning to top the height of the 2006 market.

New resident, Lyndsey Lodha said “We were impressed by the burgeoning food scene, young, professional population, as well as the diversity and growth,” and “the cost of living is lower than other major cities, which allows our dollar to stretch a little farther. Denver really does have everything we are looking for in a forever home.”

For more information visit http://www.bloomberg.com/news/2013-12-31/denver-real-estate-booms-as-ski-slopes-trump-nyc-bustle.html

Creative new office space in Rhino!

Ground has been broken for a creative new office building that is to head a long-planned revitalization of the Brighton Boulevard corridor and River North neighborhood.

The office building is planned to house 120,000 square-foot Industry space and will host 350 to 400 professionals in a creative, collaborative community.

With support from the City of Denver Jason and Ellen Winkler, the co-founders of the vibrant Battery 621, secured a $1 million acquisition loan from the city to help buy the underutilized 1939 former produce depot on nine acres.

This renovation is just one part of the City’s big designs for Denver's industrial north end. Other transformations will include a realignment of Interstate 70, improving the South Platte River's ecosystem, new light rail stations, neighborhood revitalization, repositioning the National Western Stock Show as a year-round destination and shining up the tired Brighton Boulevard as a gateway to the city. The Denver Office of Economic Development identified the corridor as a "key strategic project" in its Jumpstart 2013 strategy, with a plan to provide loans to stir business development and employment along Brighton Boulevard.

"We think Brighton Boulevard is really shaping up to be a key development area for the city," said Paul Washington, director of the city's office of economic development.

"I think Jason and Ellen ... they are true visionaries in how they are redefining the workplace for the 21st century employee," Washington said.

Industry Denver, which has partnered with Denver developer Koelbel and Co., closed on the property last Tuesday and began interior renovations the next morning. After a brief renovation, Industry is scheduled to be open for tenants by February 2014. Future phases of development include 250 affordable and market-rate residential units. The building will host about 100,000 square feet of office space and three eateries in an open setting, with 26-foot ceilings and shared kitchens, lounges and conference spaces.

http://www.denverpost.com/breakingnews/ci_24260143/industry-denver-workspace-brighton-blvd-host-400-professionals

New Townhome Project in Golden Triangle! Coming Soon!

Ten 10 Brownstones, are sophisticated townhomes in the heart of the Golden Triangle. Seventeen brownstones, with a contemporary spin on design, are planned at the corner of 10th and Bannock St. Exterior materials will consist of floor to ceiling glass windows, sandstone, and brick which provides an exciting mix of warm and cool elements while also capturing the abundance of Colorado's predominantly sunny days. Each unit offers 3 beds/3.5 baths, 2 car attached garages, generous rooftop decks, private balconies, gas fireplaces, 10ft ceilings and sleek high-end finishes. Appointments include custom flat panel cabinets, Quartz type stone countertops, designer tile, European style glass shower doors, four piece designer baths, and open floor plans. Priced from mid-500’s and square footage ranges from 1895-1975 square feet. Construction is estimated to commence in February 2014 and completion is estimated for October 2014.

www.TEN10Brownstones.com

Boutique Hotel Opening in Union Station!

Named after preservationist Dana Crawford, The Crawford Hotel will bring a new exciting vibe to Union Station.

The hotel’s boutique design and luxurious accommodations were inspired by other high end Denver hotels, namely the Rtiz-Carlton, the Hotel Teatro and Hotel Monanco. The Crawford Hotel will boast 112 rooms in three different styles. On the second floor, guest will be transported back in time by staying in one of the "Pullman" rooms, modeled after the luxury private sleeping cars of old. The third floor, “Classic” rooms, will give visitors an experience of true indulgence with tall ceilings and large window. The former attic space, on the fourth floor, will be transformed into "loft" styled rooms, featuring exposed wood timbers, vaulted ceilings and a more contemporary design.

The hotel will also have 3,000 square feet of meeting space and an additional 22, 000 square feet of retail space below on the main floor. Scheduled to open July 11th, rates are estimated to start around $250.

The $50 million project will have its share of complications, including soundproofing, to keep guests from the nosy activity below in the great hall and the rail lines. Additional obstacles are expected as the City works to preserve and modernize a structure over 100 years old. The impressive design will have to conform to preservation standards while making the design relevant for modern times and future guests.

“The renovation seeks to re-create that sense of a grand public space not only meeting the needs of thousands of commuters passing through but being a destination in its own right”, Crawford said.

Read the full article at: http://www.denverpost.com/business/ci_24515079/crawford-hotel-will-put-flesh-old-bones-union?IADID=Search-www.denverpost.com-www.denverpost.com

University Park Row Homes are Going Fast!

After only 3 weeks on the market, almost 50% of the UNIVERSITY PARK ROW HOMES have been sold!

New buyers will get to experience the best of design and functionality. The open floor plans, oversized windows and vaulted ceilings emphasize the light and volume that flow through the space. Top of the line appliances, hardwood entries and Chroma stone slab countertops provide that feeling of ultimate luxury.

Owners will be able to appreciate the views while entertaining on their spacious private decks.

The charm and serenity of the Observatory Park neighborhood can be taken in during a quite stroll down the mature shade tree lined streets or by walking to the many shops and restaurants, just blocks away.

There are still units left but they won’t last long. Don’t miss out!

For More information visit: www.UniversityParkRow.com