Denver Real Estate News: New Sunnyside Redevelopment Project- Cobbler’s Corner

Denver Real Estate News: New Sunnyside Redevelopment Project- Cobbler’s Corner from Denver Infill:

See the full article about the new Sunnyside neighborhood redevelopment project, Cobbler’s Corner, from Denver Infill here by Matt Levesque.

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Sunnyside Neighborhood Redevelopment Cobblers Corner

Rendering of the Cobbler’s Corner redevelopment project in the Sunnyside neighborhood. Image courtesy of Generator Development.

Cobbler’s Corner is a new neighborhood-scale commercial adaptive reuse and infill project, located at 2436 W. 44th Avenue (44th and Alcott). The project is being developed by place-maker Paul Tamburello’s Generator Development, the group behind the restoration of several LoHi buildings. The project includes the restoration of a 5,200 square foot building as well as the addition of two buildings adding approximately 9,000 square feet replacing the parking lot. When finished, the project will include space for two restaurants, five retail bays, and two live-work studios. The original building most recently housed the Germinal Stage Theater; however, this redevelopment will bring it more in line with its original use as a neighborhood retail location in the late 1920s.

Sunnyside neighborhood redevelopment project - Cobblers Corner

New infill building on 44th Avenue. Photo by Matt Levesque.

More information and pictures on the Denver Infill website.

See the full article about the new Sunnyside neighborhood redevelopment project, Cobbler’s Corner, from Denver Infill here.

Homes for sale in the Sunnyside neighborhood.

 

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5280 Magazine says Five Points is no longer up-and-coming – Denver Real Estate News

In Denver Real Estate News 5280 Magazine: Why Five Points is no longer on the verge of becoming Denver’s next hot neighborhood. See the full article here or read a tid bit below.

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Five Points Neighborhood DenverFor more than 30 years, Denver has been trumpeting the revitalization of Five Points. After its tumble from a lively center of music and culture in the 1930s and ’40s to a neglected corner later in the 20th century, many attempts have been made to restore the neighborhood. With each effort, the media hailed Five Points’ return: “Five Points—Making A Comeback” the Rocky Mountain News crowed in 1991. “Five Points sits on the verge of change” the Denver Post claimed five years later.

But Five Points isn’t “poised” to become anything anymore. It already is. If you need convincing, visit Rosenberg’s Bagels & Delicatessen on a weekend and wait in the 20-person-deep line. Or tour the area’s dozen or so construction sites; they represent $250 million of investment by the city and private developers. Or eyeball the soaring median home values: $317,500 in 2013, up roughly 31 percent from 2009.

Five Points Neighborhood Sign - Denver Real Estate NewsToday the question isn’t if Five Points will take off; it’s why, as in, Why now? In part, it’s because our expanding millennial population—the pistons inside Denver’s booming economic engine—and our baby boomers both crave easy access to downtown, says Paul Books, founder of Palisade Partners, a developer involved in several Five Points projects. So every central neighborhood is experiencing a renaissance. “And [Mayor Michael Hancock] made Five Points a priority,” Books says. There may be no better illustration of this than the 2013 Welton Design/Development Challenge.

Two years ago, Denver’s Office of Economic Development (OED) awarded a total of $475,000 to five commercial and mixed-use residential projects along the Welton Street corridor. Not only does this provide an important capital infusion for small projects, such as Rosenberg’s, but it also serves as a signal of the mayor’s commitment to the area, where the Manual High School graduate was raised. Coupled with unique tax breaks (see “TIF,” below), the grants allow the city to foster development while preserving the legacy of a gentrifying area.

Yes. The “G” word. “I don’t have a conversation without gentrification coming up,” says District 9 Councilman Albus Brooks. “It’s happening everywhere, but in Five Points it has a face.” As home values in Five Points have climbed, minority populations have declined. Property taxes have become burdensome. In July, Hancock announced plans for a $15 million fund to preserve and build at least 6,000 affordable homes throughout the city, especially in transit-oriented development areas like Five Points. Most of that money would come from a property tax mill that the city has been crediting back to homeowners (roughly $30 to $50 per home annually). The rest could come from a “housing linkage fee,” essentially a one-time fee developers would pay…..

See the rest of the 5280 Article here.

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Denver Mayor Press Release Brighton Blvd | Denver Realtor Christopher Gibson

Denver Mayor Press Release | Denver Realtor Christopher GIbson

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Mayor Michael B. Hancock

Rowena Alegría, Communications Director

Rowena.Alegria@DenverGov.org
Amber Miller, Press Secretary

Amber.Miller@DenverGov.org

O: 720.865.9095

 

Mayor Hancock and Industry Denver Break Ground on Transformational Project for Brighton Boulevard

DENVER – Mayor Michael B. Hancock, Industry Denver, Dist. 9 City Councilwoman Judy Montero and Economic Development Executive Director Paul Washington today broke ground on a 120,000-square-foot project that will provide flexible, high-demand shared office space for 350 to 400 tech and creative sector workers.

Paired with over 250 affordable and market rate housing units and three restaurants, the 9-acre development along Brighton Boulevard will become a transformational project that will reconnect the neighborhood with downtown and the South Platte River.

“This smart development embodies the ingenuity that is driving Denver’s economy forward,” Mayor Hancock said. “Industry will be catalytic to major investment along this corridor and will draw new businesses, residents and customers to River North, a key area in what we call the North Denver Cornerstone Collaborative.”

Located at 3001 Brighton Boulevard, Industry is a multiphase development that will capitalize on the community’s character, assets and potential. The first phase – the shared space for small and early-stage businesses – is projected to reach completion in early 2014.

“Like the Battery 621 development, Industry is an integrated place where residents and businesses alike can share and thrive together,” founder Jason Winkler said. “The business center will provide beginning companies and individuals who have similar corporate cultures the perfect environment to build on high-growth concepts and ideas.”

Industry Denver is also working with the Greenway Foundation to activate the South Platte River adjacent to the project.  Residents of the market and workforce housing as well as employees will be linked to improved biking, trails, parks and riverways. The development will also offer community spaces for business and neighborhood connections.

Mayor Hancock and the Denver Office of Economic Development (OED) have identified Brighton Boulevard and the South Platte as key areas for commercial and residential development within Denver. OED has committed a $1 million loan to spur the project with a 5-year payback period, which fulfills a goal within the 2013 JumpStart plan.

“Our goal in 2013 was to foster and partner in the development of new business innovation centers and encourage catalytic development,” Paul Washington said. “Our work with the Industry Denver team evolved to match many of our priorities, which made our investment obvious and strategic.”

Industry is one of three projects along Brighton Boulevard that indicate positive growth uplifting this historically overlooked area of the city. In the past month, The Source, a European-style artisan market, opened at 3350 Brighton Blvd. Denver City Council has also approved zoning for Great Divide Brewing, a Denver-grown brewery, to triple its operations.

“We are proud to partner with these visionaries – from Industry Denver to TAXI and Zeppelin Development – aDenver Brighton Blvd Project | See more picturess we all work to define Denver’s post-recession economic future,” Mayor Hancock said. “Together we will make Denver the capital of small business and startup commerce, the hub of the ideas economy. These developments, which the city sees as the first of many in this region in the coming years, are part of our broader vision for the Corridor of Opportunity, a 23-mile corridor linking Denver Union Station to DIA, that will help drive Denver’s continued job growth.”

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