Two clueless ladies?
Quote:
Originally Posted by SirLucasTheGreat
I believe Evolve are all condos but watch them convert to apartments.
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Circling back to Feb 7, 2020:
https://www.bizjournals.com/denver/n...t-rebound.html
Quote:
When Karina Christensen tells people she's developing a condo project in Denver, she often hears some variation of the same question: "Why?" "We are told every day, 'You can make so much more building an apartment building,'" Christensen said.
"I would not have built an apartment building," Christensen said. "My sole reason for doing this is to build attainable, for-sale housing in downtown Denver. This is personal for me."
Christensen and her co-founder, Patricia Watson, are rare players in Denver, albeit in a field that may be on the rebound.
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This is where my eyes start to cross per November 4, 2020:
https://milehighcre.com/evolve-tower...mous-approval/
Quote:
Evolve Towers, 23-story residential development in Arapahoe Square, designed with a “net zero” energy goal, received unanimous approval by Arapahoe’s Downtown Design Advisory Board (DDAB) last week.
According to OZ, the residential towers are designed with a “net zero” energy goal by combining innovative and highly energy efficient technologies and construction methodologies with responsibly sourced materials and strategic architectural detailing.
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I'm not sure how such highly designed energy efficient architecture creates "attainably-priced" units, especially when Cypress claims their newly approved apartment project in RiNo will cost $400K per unit to build?
Please STOP with wanting to screw with people's Property Rights.
Quote:
Originally Posted by SirLucasTheGreat
I saw today that Andrew Yang is planning on raising $900 million in revenue for New York City by increasing property taxes on undeveloped parcels. Would a plan like that help downtown Denver?
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Denver is not San Francisco or NYC; nor is it even Austin or Seattle.
Denver does not have an apartment shortage. Landlords are currently offering one to two months free rent etc.
Denver does not have a land shortage. There's probably enough land in developers hands to build half again as many apartments as there are now. But try making new construction pencil out with soaring building costs and a soft rental market? Some are in a position to forge ahead projecting a much better market by the time they're done but many others aren't able to do this.