As Denver residents know all too well, the Mile High City is experiencing growth and expansion like we’ve never seen before. If you’re considering jumping into homeownership, according to
LIVING DOWNTOWN DENVER
There has been been a new wave of development that has transformed the Denver skyline. The downtown population has exploded by 142 percent since 2000. Which has fueled a boom in new restaurants, bars and clubs. Denver is no longer the “Sleepy One Horse Town”. The population of downtown Denver is expected to grow by 18 percent over the next five years with an average age of 33 and an average annual house hold income of $76,263.
Downtown Denver offers a lifestyle that many are seeking, as can be seen by the surge in residential building. According to denverfill.com there are the 3,200-plus residential units currently proposed for the Downtown Denver area. Of those, about half them will begin construction within the next six months. If so, that means Denver will add approximately 5,000 residential units to its Downtown area from mid-2012 to mid-2014, or roughly half its total from the entire 2000s decade. Another huge facelift that is nearing completion is the Union Station transformation. Giving easier and more efficient access to the National Railway but more importantly for locals the RTD light rail system has been vastly improved with the newly opened line to Golden, the 2016 completion to Denver International Airport and the I-225 extension from Nine Mile station to Peoria station, (new stop on the RTD Eagle P3 to the airport). -- to see all the proposed line extensions -- RTD Fast Track
Living downtown no longer requires car ownership! Car2GO is a great way to travel a little further then just walking distance and for the more fitness minded you have Denver B Cycle
Downtown Denver has been transformed from the “Cow Town” of past, even though you can still shop like a cowboy or cowgirl in the heart of downtown, to the a hip and happening city, with LoDo, LoHi, RiNo and Riverfront being some of the most sort after neighborhoods to live in. You can catch a baseball game in the afternoon and a hockey game that night, all with in walking distance. Denver does not shut down at 6pm, like most city centers, in fact downtown is just getting started. Whether you own or rent downtown Denver has an allure that most cities just don't have. Downtown Denver stands to benefit from the surge in supply and with the number of people living downtown set to increase by a third Denver is going to become one of the great downtowns of North America.1.If there are any topics that you would like to discuss please email me.
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Ken Blevins, Chief Executive Officer of Metrowest Real Estate Services, is a veteran in mortgage and default servicing with more than 23 years of experience in collections, foreclosure/bankruptcy, los....
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