Denver, Colorado Real Estate

Denver, CO real estate has undergone a complete transformation over the past 25 years. When census takers tallied the population of the City and County of Denver in Year 1990, the results confirmed a trend going on all across the nation: city centers were in decline, their old mercantile districts were being torn down and paved into parking lots, and neighborhoods around them were decaying as residents of means fled to the suburbs. Denver’s population had fallen to under 500,000 in a metro area that in 1990 had roughly 2 million people.

After a generation of suburban sprawl, residents were finding themselves lured back to city attractions – the sports venues (Colorado Rockies with their ballpark in LoDo, followed by the Pepsi Center for the Nuggets and Colorado Avalanche), as well as to world’s largest music/theater arts center under one roof at the Denver Center for Performing Arts.

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Denver Real Estate

Denver, Colorado Real Estate

Due to a quick turnaround. the Denver real estate market is looking brighter than ever. Inner-city neighborhoos are making a comeback in a big way. Popular comunities include Washington Park (with its mile-long namesake park and two shopping-street districts, Old South Gaylord and Bonnie Brae); Observatory Park (with the University of Denver and its accompanying taverns and shops); Platt Park (S. Pearl Street, a former tram stop); LoHi and Highlands (center for 60 restaurants, many along former tram streets); and Cherry Creek itself, wrapped by Denver Country Club, Cheesman Park, Congress Park, Hilltop, and Polo Club.

Meanwhile, other areas around downtown that have their own little shopping streets that haven’t quite “happened” yet – Berkeley, Sunnyside, Park Hill, Baker, University Park, Curtis Park and Whittier, among others — are vying to be the next hot areas.

Denver Lofts For Sale

While all of that was starting to happen, urban planners in downtown proper were looking at the success of loft projects and LoDo, and were imagining being able to lure large numbers of residents right into the central business district. Those plans – still underway — saw some false starts as the real estate market took periodic swings upward and downward in the 1990s and following the September 2011 attacks. But by 2008 downtown had seen numbers of successful condominium projects carried out in LoDo, Prospect, Ballpark and other downtown areas; and had four large condo towers underway right in the city’s core. Those four – SPIRE (across from DCPA and the Ellie Caulkins Opera House), One Lincoln Park (N. Broadway), The Four Seasons (at Larimer Square), and The Ritz (atop the Ritz-Carlton Hotel, now renamed Residence XXV) – all struggled for purchasers during the national real estate downturn following 2008-2009, but have each made substantial comebacks now, some sold out or near-sold out.