Light rail’s impact on office is undeniable
In the past five years, prices for the land surrounding light-rail stations have doubled and, in some areas, tripled on a cost per-square-foot basis. One example is the Village Center Station near the Arapahoe light-rail station. About four years ago, the land was valued around $21 a square foot, and now it’s $60 a sf, said Tim Harrington, executive managing director of Newmark Grubb Knight Frank. At the other end of the line, property downtown within proximity of light rail has skyrocketed. It now ranges from $300 to $600 a sf.
Michelle AskelandMarch 14, 2016
Financial-tech firms alter financial services industry
For a rapidly growing worldwide phenomenon that is bringing about significant change within the financial services community, it is surprising that the term “FinTech” still is relatively unknown. At the confluence of finance and technology, FinTech is defined as “an economic industry composed of companies that use technology to make financial systems more efficient,” according to Wharton FinTech. The term can encompass a wide array of financial services ranging from payments, investments, financing, insurance and more. Companies
CREJMarch 14, 2016
Proactive Design: Integrate Structure Early to Elevate Design and Lower Costs
Because every building’s form is ultimately defined by a structure that is integral and essential to the success of the design, tapping structural engineering expertise at the onset of the design process seems like a wise strategy.
Building DialogueMarch 9, 2016
Redefining ‘Bindery’ on Blake Street
The 88-year-old former bindery at 2901 Blake St. recently has been transformed into a new kind of bindery. Today’s edition joins two distinct buildings, a handful of vibrant businesses, and bonds arts and commerce. An example of adaptive reuse at its best, it also provides nourishment – in this case, both economic and culinary – to the neighboring community.
Building DialogueFebruary 29, 2016
Colorado is already known for its microbreweries, but this summer, Breckenridge Brewery introduced its destination brewery. The $35 million new campus that sits along the South Platte River already is attracting locals and out-of-towners alike. Breckenridge experienced a lot of growth in the last few years, with demand exceeding supply. The 12-acre campus consists of three buildings and provides the much-needed space for Colorado’s fifth largest brewer:
Building DialogueFebruary 22, 2016
Brad Tomecek: Exploring Space
Denver architect Brad Tomecek, AIA, LEED BC+D, rethinks the art of building with every project. His zest for alternative technologies has created striking spaces and helped earn his firm a 2015 Honor Award for Innovative Practice from AIA Colorado.
Building DialogueFebruary 19, 2016
Median rental rates vary by $100s across city
Three years ago, about 30 percent of renters in the Denver area paid rents below $1,000. That number now sits at 11 percent, as of the last Multifamily Housing Council survey. While rent increases are widespread, not all neighborhoods are experiencing the same effects as the macro environment. Using 21,000 available apartments listed on Zumper over the end of 2015, we examined which areas felt the greatest effects.
CREJFebruary 13, 2016
Survey reveals Denver renter expectations
Renting is hot! For some, it’s a lifestyle choice. For others, it’s a financial decision. Whatever the motivation, the rise of renting means the U.S. added 1.6 million new renters over the past five years. These renters, from millennials to baby boomers, are driving new development and raising the expectations of amenities and services. Some in the apartment industry might say it’s sparked an amenity war in search of the answer to the question: What do renters really want?
CREJFebruary 12, 2016
Designing for the Evolving Guest Experience
The emergence from the economic downturn has fueled a robust development cycle in Denver and in the state of Colorado. This is an exciting time for the hospitality industry as consumer trends are having an incredible influence on leading edge thinking. In general, people are becoming more discerning with their choices and the impacts of those choices. As a result, consumers are now expecting the hospitality companies they do business with to do the same. A collective shift in consumer values and behavior began several years ago and likely will continue to evolve. The hospitality industry has already started to
Building DialogueFebruary 10, 2016
Value Beyond Building
Construction is fertile ground for complications. Beginning with the basic on-time/on-budget obligations despite circumstantial uncertainties like weather, and material and subcontractor availability, general contractors assume a fair amount of risk long before ever breaking ground. Mix in the need to truly understand and achieve the owner’s long-ter
Building DialogueFebruary 2, 2016