SPIRE Denver wins award for project of the year at the Rocky Mountain Real Estate Expo


Happy Thanksgiving Denver from all of us at SPIRE!

This time of year is so very special. It’s a time to gather with family and friends, a time to share one’s home with others, and a time to give thanks. All of us at SPIRE are thankful for so many things this year. We are thankful for the terrific team of Architects, Construction Experts, Designers, and others who helped make SPIRE a reality.  We are thankful to be a part of the skyline in such an incredible city. And we are thankful for our many future homeowners, retail tenants, and neighbors who are will be filling SPIRE with their energy (and their own dinner parties, Thanksgiving or otherwise).  One of the wonderful benefits our homeowners will enjoy is a state of the art fitness facility on the 9th floor.  Eat that extra piece of pecan pie guilt free knowing you can work it off the next day without ever venturing outside in the cold.  Cheers to that!

We also wanted to share some follow up images from our last post in which SPIRE was recognized at the Rocky Mountain Real Estate Expo for project of the Year.  SPIRE partners Bill Pruter and Chris Crosby are pictured accepting the award and below Barb Smith shares some of the many wonderful details about SPIRE at the building model.

Best wishes to you this Holiday Season.  With all the wonderful recognition SPIRE has received our Experience center team has been busy taking clients on tours through the building or into our models so we wanted to make sure we shared our holiday hours for this weekend.  If you are thinking of stopping in we will be closed on Thanksgiving and reopening on Friday from noon until 5 p.m.  To learn more about SPIRE or schedule your own private tour of the building and residences please visit the SPIRE Experience Center at 890 14th Street or contact us at 720-457-7550.

Happy Thanksgiving all!

Barb Smith shares details of SPIRE at the Rocky Mountain Real Estate Expo

Enjoy the many SPIRE amenities

Whenever compliments or recognition for SPIRE occur we always thank the many wonderful people who have contributed to the inspiration, design and build of SPIRE. We have had the wonderful fortune to work with incredible people who are leaders in their industries. Our Architects, Designers, Planners, Construction Managers and many others put forth such wonderful creativity and inspiration into building SPIRE. We couldn’t be prouder of the result of their incredible effort.

The Rocky Mountain Real Estate Expo last week recognized SPIRE as Project of the Year.   The Expo is held annually at the Colorado Convention Center and honors local companies for various real estate related achievements.

If you would like to visit our 42 story residential tower in the heart of Downtown Denver for a private tour, please contact the SPIRE experience center at 720-457-7550. We would love to share all the wonderful features, design elements and amenities that earned it the award as Project of the Year.

Check out the press release for more details.

FOR IMMEDIATE RELEASE

DU and DMCAR honor commercial real estate Projects of the Year

Nov. 10, 2009 – DENVER - The University of Denver Franklin L. Burns School of Real Estate and Construction Management, in partnership with the Denver Metro Commercial Association of REALTORS® (DMCAR), honored companies in seven Project of the Year categories at the 15th Annual Rocky Mountain Commercial Real Estate Expo and Fall Forecast held today at the Colorado Convention Center.

The awards recognize and honor outstanding accomplishments in architectural design, site planning, creativity, as well as project impact on the economy, the industry and the community.

Project of the Year honors were awarded to companies in industrial, retail, hospitality, multi-family, office/mixed-use, special project and design categories.

Multi-Family Project of the Year: The Nichols Partnership– SPIRE.

The tallest residential development from Las Vegas to Chicago is soon to be the largest LEED Certified residential tower in the United States.  SPIRE is located in the Central Business District at 14^th and Champa Streets, directly across from the Colorado Convention Center, RTD light rail station and the Denver Performing Arts Complex.  SPIRE is a 42-story residential property featuring 496 units and 607 parking spaces.

Amenity Level

The news just keeps getting better and better.   Last week we heard about the Senate approval of new legislation extending and expanding the homebuyer credit. This week the FHA announced that the pre-sales requirement for new construction will be reduced from 50% to 30%.  For those select buildings that invested in FHA approval, such as SPIRE, this is incredible news for future homeowners.

The requirement we are speaking of controls when FHA loans can be funded or effectively answers the question… “when can I move in?”  For SPIRE homeowners looking forward to their new urban lifestyle rich in amenities, events, restaurants and more, the projected timeline just got shorter.

Under the previous requirements, those buyers taking advantage of FHA financing would be looking to move in after roughly 250 of the 496 residences were under contract.  With this change, that new requirement is approximately 150.  With more than 100 units currently sold, this puts the date much closer to buy the champagne and schedule that open house celebration .

Learn more about how you can take advantage of the great opportunities at SPIRE today by calling 720-457-7550 or stopping in our sales center at 890 14th street.  Building tours take place daily Monday through Friday from 11 AM to 3 PM.  Call to schedule your tour today or visit our website at www.spiredenver.com.

And here is a little blurb and link to the new legislation…

http://www.federalhousingtaxcredit.com/

The reasons to become a homeowner at SPIRE keep growing.

• Great building
• Great location
• Great amenities
• Great prices
• Great market rates.

And now Homebuyer credit opportunities through June 30th for both new and existing homeowners have been approved by an overwhelming 98-0 vote in the Senate and now heads to the House of Representatives.

The existing $8,000 tax credit for new homeowners was already providing helpful assistance for new home purchases.  To qualify you needed to have not owned a house in the past 3 years.   That incentive has now been extended for contracts signed by April 30th and closed through June 30th of 2010.  With prices at SPIRE starting below $200K, this incentive opportunity creates a unique starting home possibility.

But the good news in the Senate announcement is not just for new home buyers.  It includes a $6,500 tax credit provision for existing home buyers who have owned a home in one of the past 5 years and with the same timelines.  This change puts smiles on so many potential new homeowners and creates one more reason to learn more about SPIRE’s residences in the heart of downtown Denver.

Contact our sales team at 720-457-7550 today to learn more about your own home opportunities at SPIRE and how the new homebuyer credit can benefit you.

SPIRE

Here is a blurb from the CNN article…

The legislation also would extend the $8,000 homebuyer tax credit to contracts signed by April 30 and closed by June 30. The controversial credit, which many say has boosted home sales in recent months, was set to expire after Nov. 30.

The Senate’s bill also created a $6,500 credit for those who buy a home after owning one for the last five years. That measure would apply to contracts signed by April 30 and closed by June 30. The current credit defines a first-time homebuyer as someone who has not owned a residence within the past three years.

Enjoy the many SPIRE amenities

Terrific news was announced with plans to  extend  the $8000 tax through April 30, 2010, AND possibly expand the criteria to existing homeowners.  Here is a brief bit of the Bloomberg article and the associated link to Bloomberg.

Oct. 29 (Bloomberg) — The Obama administration endorsed plans to extend an $8,000 tax credit for first-time homebuyers, saying it is helping stabilize the nation’s housing market.

The tax break, enacted earlier this year as part of the $787 billion economic stimulus package, has “brought new families into the housing market and contributed to three consecutive months of rising home prices,” Treasury Secretary Timothy Geithner said today in a statement. The tax break will expire Nov. 30 unless Congress intervenes.

Senate Democrats have announced plans to extend the credit until April 30, while expanding it to include higher-income Americans and some who already own homes.

It appears that several other policies are moving into alignment for the benefit of current home buyers, including our new residents at SPIRE.  The Denver Post focused in on real estate in our own corner of the world last week and highlighted SPIRE along with the following…

Developer Randy Nichols is among those who believe the changes could be beneficial — at least in some cases.

He thinks his Spire project downtown at 14th and Champa streets could benefit under the new loan guidelines.

Spire is pre-approved for FHA loans, provided it reaches the sales threshold needed to qualify.

Spire is moving towards the current 51% sales threshold for FHA loans in order to commence closings.  New opportunities may allow for this threshold to be even lower.  The article continues with…

Pre-sale rule may change

However, the new guidelines are expected to reduce the required presales to 30 percent, according to speculation among people in the industry.

This is great news for our SPIRE homeowners. As one of the top performing high-rise buildings in the country, SPIRE is well on its way to that goal. There is something special about SPIRE. Visit us on the web at www.spiredenver.com, stop into our sales center, or call to schedule an appointment at 720-457-7550.

Your friends at SPIRE