Real Estate Blog

Ann Siner always dreamed of having her own tennis court.

It's one of the things that sold her on her $1.8 million, two-story home in Paradise Valley. Of course, the mountain views don't hurt, either.

“Every window has beautiful views,” she said. “It’s so quiet and tranquil. It feels like we’re in the middle of the desert, but we’re in the middle of the city.”

Siner — CEO and co-founder of the consignment retail stores My Sister’s Closet, My Sister’s Attic and Well Suited —…

The king of Park Hill may soon hold court inside the crown jewel of Five Points.

Palisade Partners, owner of the storied but dormant Rossonian Hotel, unveiled its plans Monday to re-open the historic building as a 41-room boutique hotel complimented by a basement jazz club and ground-floor restaurant and lounge. The eatery/bar/venue will be named Chauncey’s for Denver basketball legend and project partner Chauncey Billups.

“We’re really excited. He’s a hometown hero. One of his passions has been to continue to contribute to the neighborhood,” Palisade president Paul Books said of Billups, whose hardwood exploits include a star-studded career at George Washington High School and the University of Colorado and two stints with the Denver Nuggets.

Billups appeared a project unveiling event at the Blair-Caldwell African American Research Library in Five Points Monday night. He told a packed room of mostly neighborhood residents he has no interest in being a figurehead and will be “100 ..

Broomfield officials agreed to waive up to $384,235 in fees so a developer can move forward with plans for 49 affordable apartments near 120th Avenue and Main Street.

Academy Place, a project proposed by Montana-based Summit Housing Group, would be 100 percent affordable for people and families at or below 60 percent of Broomfield’s area median income, which is $89,900 for a family of four.

Fifty percent of the units will be targeted at people making 60 percent of that AMI, which means a rent rage of $945 to $1,309 — rent which Summit senior project manager Sam Long said “doesn’t really exist in Broomfield.” An example of that tenant would be a police officer with a child, or work-force housing.

Twenty-two percent of units will be rented to families at 50 percent AMI or below, which he equated to a teacher with a child.

Twenty-two percent will be for those who make 40 percent AMI, with a rent range of $630 to $873, which could mean a senior on a fixed income.

Related Articles

..

It’s a vista seen by thousands of people a day: The metro area, rather suddenly, opens up wide and flat as eastbound travelers hurtle through the final twists and turns of Interstate 70 into Golden.

The unique geography where the Rocky Mountains meet the plains — a view enjoyed by millions of skiers, tourists and travelers every year — is seen by many as the primary gateway into Denver from the west. It’s also now threatened, nearby residents say, by a businessman’s efforts to build an RV dealership and self-storage facility on a 25-acre site perched at the southeast corner of the I-70/C-470 interchange.

“Instead of seeing Green Mountain and the Dinosaur Ridge hogback, you’d see a concrete structure surrounded by blacktop and chain link fences,” said Rob Perlman, who lives in the Mesa View Estates neighborhood at the base of Green Mountain.

“It’s a big window that opens up as you come down that last part of I-70,” said Perlman, who joined more than 100 of his neighbors at a communit..

Denver marijuana buyers would help pay for an expansion of the city’s 10-year, $150 million affordable housing fund under a plan that includes borrowing to amp up apartment production.

If approved, the proposal would boost the city’s shorter-term plan — to subsidize the building or preservation of 3,000 income-restricted apartments and other housing units in the next five years — to 6,400.

Mayor Michael Hancock and other city officials have been under pressure from City Council members and affordable housing advocates for more than a year to bolster the city’s commitment to addressing Denver’s housing crisis, and they unveiled their plan Monday. If key components win council approval this summer, the city would double an annual $15 million commitment that began last year, and it would partner with the Denver Housing Authority to issue $105 million in bonds to subsidize affordable housing projects and acquire new land across the city for income-qualified housing.

The property-buying ..

Much of CENTRL Office's news lately has been focused outside of Portland, what with plans to expand not only with a co-working site in Hood River, but one in Los Angeles, too.

But the Portland startup, which was the subject of a recent Strategies story in the Business Journal, has got its sights set a little more locally this week as it gears up to officially unveil its third Portland location, this one in the West End.

Located in the new office building at Southwest 12th Avenue and Southwest…

Industrious is the third-largest co-working company in the U.S., behind WeWork and IWC.

Topgolf Alexandria, we’ve known for some time, is not long for this world. A larger, more modern venue will be constructed at National Harbor about 15 minutes away, leaving the 17-acre Kingstowne site available for redevelopment.

The plan to replace Topgolf Alexandria, the first Topgolf outpost in the United States, is now before Fairfax County. Site owner 6625 South Van Dorn Street LLC (a corporation tied to a Leesburg single-family address) is proposing 74 townhomes, each with a two-car garage…

The 1889 building is drawing interest from some of the country's biggest landlords.

Legendary Atlanta apartment developer John Williams, founder of Post Properties, has died.

Atlanta-based Preferred Apartment Communities Inc. (NYSE: APTS), the company Williams founded after leaving Post, said Monday in a statement, “Preferred Apartment Communities Inc. is profoundly saddened to announce the company's Co-Founder, Chairman and Chief Executive Officer, John Williams, unexpectedly passed away earlier today. The Company's Board of Directors has appointed Vice-Chairman and Chief Investment…