May 8, 2019
Welcome to Real Estate Perspective – real estate market and economic information from over 40 sources in a single, easy-to-read weekly newsletter.
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Each business day the JRES staff reviews all Denver metro area wide and local newspapers, trade journals, government websites, blogs and other sources for commercial and residential real estate and economic news. News items are condensed into easily readable summaries providing all of the essential facts for the Real Estate Perspective newsletter. Real Estate Perspective is provided alongside Cherry Creek Perspective which provides quick and easy monthly access to current metro area mobility, and southeast Denver real estate and economic information. And Apartment Perspective, provides a detailed update of Denver metro area apartment rental, vacancy and development/construction activity including proposed projects. A searchable library of all of the JRES newsletters content is available at:
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RTD – E, F, AND R LINES TO REACH NEW DESTINATIONS IN LONE TREE
The new rail extension of the E, F and R lines will open to the public on May 17, 2019. With 2.3-miles of new light rail, three new stations, one Park-n-Ride and 1,300 additional parking spaces, RTD offers customers easy, affordable, and reliable service with connections to Lone Tree and the greater metro area. Enjoy the grand opening ceremony, free rides, and much more.
In the post-war auto era, parking has dominated urban development. Denver has more acres of parking lots than parks. Nationally we paved over several states worth of land for up to 2 billion parking spaces. On top of poor land use and environmental/aesthetic consequences, parking costs dictate pro formas and drive up the cost of real estate, squeezing out affordability and leasable/salable space.
Is that scenario changing? The rise of ride sharing, FasTracks, walking and biking may be decreasing parking demand. Autonomous vehicles may eliminate the need for parking as we know it.
CITY & COUNTY OF DENVER, RTD AND PARTNERS KICK OFF ENVIRONMENTAL PROCESS TO DETERMINE THE FUTURE OF DENVER’S 16TH STREET MALL
The City and County of Denver and the Regional Transportation District (RTD) are officially kicking off the next phase of planning for the future of the 16th Street Mall as one of the city’s most vital connectors and important public spaces. The effort is in partnership with the Downtown Denver Partnership (Partnership), the Downtown Denver Business Improvement District (BID), the Denver Urban Renewal Authority (DURA) and the Federal Transit Administration (FTA).
The public is invited to engage with the project team on July 22 at Meet in the Street, a program funded by the BID and produced by the Partnership. Two public open houses are also tentatively scheduled for July 27. Additional information about public engagement opportunities will be posted to the project website as details become available, at:
transit & community development conference
Come together with professionals who share your dedication to transit, livability and communities. Choose from 75+ thought- and discussion-provoking workshops, ranging from cutting edge policy overviews to practical hands-on strategies. Explore real-world issues and projects across the region via our unique mobile workshops. Registration Opens May 2019
September 8-11, 2019, Vancouver, British Columbia