“A quasi-governmental organization that works to spur redevelopment of blighted areas in Denver has sued a former grant recipient. The Denver Urban Renewal Authority filed a lawsuit against EJ Thompson and two entities he controls last week, accusing the developer of fraud and breach of contract. Thompson did not respond to a request for … [Read more…]
“A Virginia-based apartment developer has purchased a block in RiNo for $15 million. AvalonBay Communities purchased 1185 26th St. in Denver — a 2.45-acre parcel that comprises the full block formed by Lawrence and Arapahoe streets, and 26th and 27th streets — last month, according to county records. An architect submitted a project concept … [Read more…]
“After experiencing years of rapidly escalating rents, tenants in metro Denver are starting to catch a break. According to the Denver Metro Area Apartment Vacancy and Rent Survey, rents have dropped for the second consecutive quarter. The survey, by Ron L. Throupe, Ph.D. of the University of Denver Daniel’s College of Business, and Jennifer … [Read more…]
“St. Andrew’s Episcopal Church and the Mental Health Center of Denver (MHCD) received word late last month that the Permanent Supportive Housing Project known as Glenarm Commons was not awarded tax credits needed for the project to move forward. We know that this news is a disappointment for some and less so for others. … [Read more…]
“The Radiant sure draws the eye. The team behind the lustrously named luxury apartment building now consuming the 2100 block of Welton Street this week celebrated topping out on its 18th and final …” read the entire article Rubino, Joe. Denver Post 25 June 2018.
“It’s called Vida at Sloan’s: 176 one-bedroom units with an activity facility, rooftop garden and commercial space on the ground floor. Tenants would pay one third of their gross income for rent. “It’s about a $64 million price tag on this building,” said Ryan Tobin, the director of Real Estate Development for the Denver … [Read more…]
“Welton Street Café is an east Denver community institution. Occupying a corner spot in Five Points Plaza — about a block from the neighborhood’s namesake intersection, just off a light-rail stop — the diner has been serving wings and Southern-style and Caribbean fare since 1999. Owner/founder Flynn Dickerson, who runs the place with his children, … [Read more…]
“Broomfield County saw one of the greatest increases in gross rent nationally, according to a recent study from the U.S. Census Bureau. Over a five year period, the study said that the increase was $312 — from $1,105 to $1,417. To put that figure into perspective, the study found the nation overall saw a $21 … [Read more…]
“From I-25 turn left onto Mariposa Street at the local landmark known as the Lincoln Park Lounge. The block crunched between 8th and 9th avenues is crowded with two-bedroom starter homes that, today, rest in the shadows of something unexpected: Towering, LEED-certified townhomes, constructed with contemporary, natural wood façades and shiny steel, as part of … [Read more…]
“THE QUESTION Imagine trying to sell your house, and the City of Denver says you can’t sell it for just any price. You have to sell for the price it picks. That’s what you signed up for if you bought a house through the city’s affordable housing program. Now imagine your next-door neighbor — … [Read more…]