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Originally Posted by SirLucasTheGreat
What effect, if any, do you guys think that COVID will have on the seas of parking lots in the central business district and Arapahoe Square? Do you think that long term decreases in demand for parking will make it more likely that these lots will turn into residential developments?
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Good question. While I expect the CBD/LoDo office market to fare better than suburban locations like the DTC, I think the overall reduction in number of workers commuting into downtown each day has got to reduce demand for those parking lots. I could see many of them selling in the coming decade. And since the city hasn't yet expressed an appetite for meaningful zoning changes in residential neighborhoods while prices skyrocket to new levels of absurdity, condos are going to become more attractive, I imagine.
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On another note: does anyone have any info on the Johnson & Wales campus in Park Hill? The most recent articles I can find are light on details and from way back in July/August.