Chaffee Park may become the first Denver neighborhood to be entirely rezoned for the sole purpose of allowing accessory dwelling units (ADUs) on all residential lots of at least 4,500 square feet. The Denver Planning Board unanimously approved the community-generated proposal on September 16, 2020, and the rezoning proposal now awaits City Council review and adoption. The proposed zone districts are the same as the current districts except that they allow the ADU use, either within the primary structure or in a detached structure. The Chaffee Park neighborhood extends generally from 48th Avenue on the south to 52nd Avenue on the north, and from Federal Boulevard on the west to Kalamath Street on the east.
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Denver City Council Designates Packard’s Hill Historic District in West Highlands
On Monday night, the Denver City Council approved an ordinance creating Denver’s fifty-third historic district: Packard’s Hill Historic District. Located in the West Highlands neighborhood, the District spans north to south from 35th to 32nd Avenue, and east to west from Lowell Boulevard to Perry Street. The new district encompasses eight city blocks, and includes thirty-nine Queen Anne-style houses, twenty-nine bungalows, and twenty-six classic cottage houses dating from the late-nineteenth and early twentieth centuries.
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Denver City Council Advances Tourist Improvement District Proposal
Credit: Dan
A Denver City Council committee has taken the first step toward creating Colorado’s first-ever tourist improvement district. On Wednesday, June 7, the Business, Arts, Workforce & Aeronautical Services committee unanimously approved Bill 17-0653, authorizing the district, which is designed as a mechanism to help fund tourism-related facility improvements and services like the upcoming $233 million Colorado Convention Center expansion project.
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Some More Examples of Denver Real Estate in Transition
Following up on an earlier post, several of the transitions affecting Denver were evident yesterday in the presentations at the University of Colorado Real Estate Center 19th Annual Forum.
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Denver Real Estate is in Transition
Denver is in transition in many ways. The oil and gas business recently buoyed Denver’s commercial real estate and employment market, but now is receding. The high tech and health care fields may be filling that void. Foreign investment has found Denver as a market that may increase returns over coastal markets.
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