Proceed with caution when using condo unit escrow deposits

While residential condominium development still has not reached its pre-Great Recession levels, it is growing (albeit slowly). This type of project presents an interesting source of capital for developers in

CREJ

October 18, 2019
nava condos

NAVA plans condominiums in Denver’s Uptown neighborhood

NAVA Real Estate Development, a Colorado-based development company, announced plans for a new condominium development in downtown Denver’s Uptown neighborhood. Davis Partnership Architects is designing the 12-story, 249-unit building.

Kris Oppermann Stern

September 16, 2018
Home Manager

Home Manager app hits home for Elowe

Home Manager, an app that replaces a three-ring binder with all of the information about your new home or condo, at first blush might seem like an unusual career segue for developer David Elowe. After all, Elowe, as principal of Denver-based Urban West Group, developed the 11-story, 213-unit One Observatory Park apartment tower near the…

John Rebchook

September 4, 2018

Union Station asset capitalizes on condo demand

The real estate market in Denver is hot, with home prices continuing to climb and inventory at an all-time low. This is particularly true for condos, as there are very few developers actively building condos in Denver today.

CREJ

August 17, 2018
condo

Condo boutiques like Ivy next wave in Denver

Condo fever is sweeping the Denver area market in the wake of legislators addressing the construction defect issue almost a year ago. JK – just kidding, as my daughter used to say when she was in elementary school. Last year and in 2016, condo construction represented a mere 6.7 percent of the residential homebuilding activity…

John Rebchook

February 5, 2018
Floor plan

Floor plans forte for Weinstein

Floor plans may not have the appeal of flashy apartment amenities such as top-of-the-line fitness centers, dog washing stations, bike maintenance shops and business centers. But to retired architect Mervin F. Weinstein, a good floor plan can pay huge dividends for the owner of apartment and condo buildings. In one case, Weinstein estimates the owner…

John Rebchook

November 6, 2017
Ursini

Ursini – No stopping 1,000-foot Denver tower

I first started talking to New York City-based developer Mike Ursini last March about his plans to build the tallest building in Colorado. Our agreement was that by sitting on his blockbuster $400 million development at 650 17th St., he would give the story to me first. https://www.youtube.com/watch?v=lloqw7_wWck Six months later, it didn’t work out…

John Rebchook

October 2, 2017
Condominium

Arsenault: developers need to police each other for shoddy practices

Condominium developments are making a comeback in the Denver area in the wake of a new state law that takes steps to begin to reform construction defect litigation after a five-year battle and a favorable Colorado Supreme Court decision. But developers are still struggling with how to develop affordable condominium units in a market with…

John Rebchook

June 22, 2017
condo

Condo development conference on tap

Condo construction cheer. Every apartment developer, broker and analysts I have ever spoken to has been dismayed by the lack of for-sale condominium developments in the Denver area in recent years. That may surprise those not in the industry, as the lack of condo construction has removed a competitor for the wave of high-end apartment…

John Rebchook

June 13, 2017
Lakehouse

Lakehouse ‘magic’ for Hines, Levitt

Lakehouse breaks ground tomorrow. Lakehouse is the 12-story, 206-unit condominium tower in Sloans, the mixed-use development on the former St. Anthony Hospital campus. Lakehouse sits across from Sloan’s Lake, the largest body of water in Denver.

John Rebchook

May 23, 2017