The city of Denver now has a clearer picture of what distressed downtown office buildings would make the best candidates to switch over to residential uses, which should help in its efforts to conv…
The city of Denver now has a clearer picture of what distressed downtown office buildings would make the best candidates to switch over to residences, part of a larger effort to make it easier for investors and developers to take on the task.
Passers-by are reflected in the window of a closed and empty restaurant on the 16th Street Mall in downtown Denver on Feb. 1, 2023. The downtown area’s economic reliance on office workers — many who are continuing to work from home — has made post-pandemic recovery more difficult. If a building becomes distressed, meaning the rents can’t service the debt payments, its value drops. And the lower the price falls, the better the chance a developer can step in and attempt a conversion. Many buildings aren’t there yet, but Denver is working to head off the downward spiral, and also address another problem it has,Zillow estimates metro Denver is short 70,000 housing units.
“We are really interested to see how this housing could meet the needs of people throughout the income spectrum,” said Andrew Iltis, vice president of planning and community impact at the Downtown Denver Partnership.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Joseph Sebastian Sinisi, longtime Denver Post reporter, dies at 80Joseph Sebastian Sinisi, longtime, stalwart Denver Post reporter dies at his Denver home at age 80.
Consulte Mais informação »
Highs staying cool- in the 70s for metro Denver todayHighs will remain cool for one more day, then we are in the 80s for Sunday- and 90s next week. More sunshine will stick with us on the 7 day forecast.
Consulte Mais informação »
Amazon delivery drivers in Denver undergo one-of-a-kind trainingBefore an Amazon delivery driver ever drops a package on someone’s doorstep in metro Denver, they have likely gone through a three-day course developed here, one that could serve as a model o…
Consulte Mais informação »
Denver weather: Cloudy skies with a chance for p.m. showers and thunderstormsThere’s a 40% chance for afternoon showers and thunderstorms in Denver Saturday, the National Weather Service said, the high temperature will top out near 75 degrees.
Consulte Mais informação »
Denver road rage shooting leads to hostage situation, officer shooting suspect in complex late-night sceneA vehicle suspected of being involved in a road rage shooting led Denver police on a chase where it ended in a crash and a police shooting amid a hostage standoff Friday night.
Consulte Mais informação »
Jennifer Caspari Ph.D.Jennifer Caspari, Ph.D., is a licensed clinical psychologist working in a group practice in Denver, CO, Cognitive Behavioral Therapy Associates of Denver.
Consulte Mais informação »