Real Estate Blog

How much do the developers behind Lone Tree’s RidgeGate neighborhood believe in the potential locked in the four square miles of mostly virgin land they own on the east side of Interstate 25? They pitched it to Amazon during the company’s HQ2 search.

“We offered everything they needed,” Keith Simon, director of development for Coventry Development said Tuesday, shaking his head as he referred to the thousands of new homes, millions of square feet of commercial space and everything else planned for the east side of RidgeGate.

Amazon may not be coming, but a different major catalyst for development is. On Friday, RTD’s Southeast Rail Extension will open to transit riders for the first time.

Two of the three E, F and R line stops the 2.3-mile extension is bringing to the Douglas County city lie on the east side of the highway. During a preview ride RTD organized on Tuesday, city officials and developers highlighted just how much the one new stop that will soon open on the west side of ..

FORT COLLINS, Colo. — Fort Collins has selected a developer to design and build about 60 affordable homes on property withdrawn from the city’s land bank program.

The Coloradoan reports the city has chosen Indiana-based TWG Development LLC, which specializes in affordable housing projects.

The city’s social policy and housing program manager, Sue Beck-Ferkiss, says the homes are planned to be sold to households earning less than 80% of the area median income.

She says that translates to about $54,500 for a couple and $68,100 for a family of four.

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Smart city infrastructure isn’t just some buzzy phrase used to spice up chamber of commerce breakfasts. It’s not some theoretical idea being tested out in clandestine bunkers, either.

It has become an increasingly important cog in modern growth and it is manifesting in some very real ways around Colorado and in the Denver area.

In two places on opposite ends of the metro area — Sterling Ranch in Douglas County and the Peña Station Next development near Denver International Airport — people are now living in communities specifically built around smart city and smart home technology. These are places where the garage door can be closed with a smartphone app from across town, and the local bus is driven by a computer system, not a human being.

“These communities are serving as test sites for proving out technologies and approaches,” Jake Rishavy, vice president of innovation for the Denver South Economic Denver Partnership and a co-founder of the Colorado Smart Cities Alliance said of ..

Same boom, different year.

Downtown Denver’s decade-long economic explosion continued unabated in 2018 and the first part of 2019. More people are living in the city’s core neighborhoods than ever before. More people are working downtown than ever before. Heck, the 16th Street Mall even got that Target store economic development folks have been lusting after for decades.

On Thursday, the Downtown Denver Partnership held its annual State of Downtown Denver meeting where it highlighted its 2019 report on the status of what it calls the “center city.” Challenges remain — specifically when it comes to building a diverse workforce — but the report paints a picture of a downtown that is meeting the partnership’s goals of being economically healthy, vibrant and growing.

Here are some of the most eye-catching details covered in the State of Downtown report and at Thursday’s meeting:

26,000 people live in the downtown area
That’s a 13 percent increase over last year. And that’s just in the ..

A 113-unit, eight-story apartment building might take the place of one of Denver’s lasting greasy spoons.

Alberta Development Partners, based in Greenwood Village, this month proposed razing and redeveloping Tom’s Diner at East Colfax Avenue and Pearl Street.

To do so, the developer has also applied for nonhistoric status on the building, built in 1967, and the half-acre property around it. BusinessDen first reported the news on Tuesday.

On Friday, the city will decide if Tom’s Diner has the potential for historic designation. Denver’s Landmark Preservation office is reviewing Alberta Development’s application and early stage proposal, according to Alexandra Foster with Denver Community Planning and Development.

Alberta Development Partners, Provided by Denver's Landmark Preservation officeA preliminary concept plan.If it’s deemed historically significant, community members will have around a month to protect the restaurant from demolition within the next five years. Anyone co..

In a three-airline town, the company with the heart logo is striving to show Denver who loves it the most. And it plans to demonstrate its affection by pumping $100 million into a new maintenance hangar at Denver International Airport.

Southwest Airlines CEO Gary Kelly opened his company’s annual shareholders meeting in Denver on Wednesday morning by describing the city as “without a doubt the fastest-growing city in the history” of the low-cost carrier.

Based in Dallas, Southwest first came to DIA in 2006, getting a modest start with only 13 daily departures and three nonstop destinations. By this August, the airline expects to offer 224 daily departures out of Denver to 70 nonstop destinations, Kelly said, with more routes on the way. The airline now employs about 4,200 people in the Denver area.

Among the employees are 75 maintenance staff members who are likely pretty pumped about the forthcoming hangar project Kelly announced Wednesday. For now, those workers mostly do their jo..

Editor's note: The Silicon Valley Business Journal honored 100 Women of Influence on May 16 for their impact on their professions and in their community. This is a profile of one of the women being recognized. Click here to read all of the profiles.

Lori Sweeney authored one impressive 20-year success story.

Two decades after switching from residential to commercial real estate, the San Mateo County native helped broker Santa Clara’s largest-ever lease in 2016 when Palo Alto Networks agreed…

The Vestavia Hills YMCA branch is closing this summer.

The YMCA of Greater Birmingham's leaders have set an Aug. 30 closure date due to a decline in use of the facility and a decline in programatic interest, the nonprofit said in an email to members.

The YMCA has been working on a plan to determine upgrade needs at its metro Birmingham branches.

“From these evaluations, we have developed a five-year plan to invest more than $20 million in our facilities,” YMCA of Greater Birmingham CEO Dan Pile…

Ten-X Commercial projects rents in the Austin area will grow 9 percent from $22.10 in the fourth quarter of 2018 to $24.06 a square foot by the end of 2022. Vacancy rates will also tighten from 6.6 percent in the fourth quarter to 5.8 percent by the close of 2022.

The YMCA of Honolulu said Friday it will put the 1.77-acre Central YMCA property across from Ala Moana Center on the market for sale, following a failed attempt to redevelop the site that ended in a confidential settlement with a private development group.

The YMCA said it will solicit proposals soon from commercial real estate companies to market the property at 401 Atkinson Drive for sale, and does not plan to keep a facility on the site.

“The decision to sell the entire Central property was…