Late last month, we told you about an important bill introduced in the Colorado General Assembly. The bill had passed in the Colorado House of Representatives, and was headed for the Senate. It was drafted to address the sharp decrease in condominium construction in this state, caused by developers’ fear of construction defect claims brought
As Denver’s housing market continues to thrive, so, too, do the development-related concerns of existing residents. The rapid pace of development in many City-close neighborhoods has at times pitted residents desiring attractive, pedestrian-oriented communities against developers responding to high demand for urban housing options. On Monday, August 22, 2016, the Denver City Council passed a pair of City-wide development moratoria aimed at addressing parking and architectural issues. CB16-0498 concerns use of the City’s small zone lot parking exemption. CB-16-0541 places a one-year moratorium on use of the Zoning Code’s Garden Court Building Form. Both bills passed with a unanimous vote of Councilmembers present and took effect August 25, 2016. …
Continue Reading Denver City Council Passes Pair of Development Moratoria
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. …
Continue Reading Some More Examples of Denver Real Estate in Transition
It’s no secret that rental rates in Denver are sky-high, and the multi-family apartment industry is booming. According to one study, 7,749 multi-family residential units have come online in the downtown area alone since the start of 2010, and an additional 5,039 units are currently under construction.
Continue Reading Denver Apartment Rents Still Rising, but Move-In Incentives Soar
On Monday night (November 23, 2015), Denver City Council voted to approve the construction defect ordinance proposed by Mayor Hancock.
Continue Reading Denver Passes Condominium Construction Defect Ordinance