Archive for the ‘Market News’ Category

How Skyscrapers Can Save The City


Jon Stewart is even talking about the Edward Glaeson Article

We thought we would share this article from The Atlantic titled “City Limits: A Conversation With Edward Glaeson” talking about how Skyscrapers and High Rises benefit cities. Here is a quick excerpt..

Edward Glaeser is high on cities. Very high, in fact. In “How Skyscrapers Can Save The City” (The Atlantic, February 2011) the Harvard economist puts the high-rise at the heart of a newly accessible, affordable, vital and sustainable metropolis. The city that doesn’t build up must build out, Glaeser points out, sucking up resources, lengthening commutes and putting pressure on undeveloped land. He sees densely populated, vertical cities not only as environmentally responsible, but as engines of innovation and prosperity — and the best hope for developing nations. Yet in cities around the world, Glaser’s lofty vision has bumped up against height limits and restrictive permitting. He spoke with The Atlantic from his home outside Boston about how measures aimed at saving cities may actually threaten their survival.

Read more…

Folks keep blogging about SPIRE

Check out this recent post at The Urban Eye..

Downtown Denver’s newest condo tower, SPIRE, has experienced phenomenal sales activity over the past nine months and has now closed on 204 units.  SPIRE’S lender has confirmed that it is the best performing building in their portfolio and thinks it is possible that the 42 story project is the best selling high rise condominium project in the United States.  Besides being an incredible addition to the Downtown skyline, buyers love the location, amenities, spectacular views, unit sizes, attainable price points, and that the project is LEED certified. (read more)

Where Gen Y wants to live

As we mentioned in our earlier post, this past weekend SPIRE was flooded with folks who wanted to learn more about our amazing residences in the heart of Denver.

What is it about living downtown that attracts so many people?  It’s many things, but this article from the Wall Street Journal takes a closer look at the home preferences of Generation Y.

SPIRE offers the best of both worlds.  Our homeowners get to have all the great features of a larger home including…

  • Swimming pools
  • Spas
  • Movie theater room
  • Guest Suites
  • Sports zone
  • Lounge areas
  • Outdoor gas ranges
  • Fire pit

Plus of course the location gives SPIRE homeowners all the benefits of living downtown including a lifestyle of walking, biking, or taking public transportation to enjoy Denver’s many restaurants, shops, and amenities.

Here is an excerpt from the Wall Street Journal Article “No McMansions for Millennials“.

Gen Y housing preferences are the subject of at least two panels at this week’s convention. A key finding: They want to walk everywhere. Surveys show that 13% carpool to work, while 7% walk, said Melina Duggal, a principal with Orlando-based real estate adviser RCLCO. A whopping 88% want to be in an urban setting, but since cities themselves can be so expensive, places with shopping, dining and transit such as Bethesda and Arlington in the Washington suburbs will do just fine.

“One-third are willing to pay for the ability to walk,” Ms. Duggal said. “They don’t want to be in a cookie-cutter type of development. …The suburbs will need to evolve to be attractive to Gen Y.”

Learn more about SPIRE or schedule your own private tour by contacting our sales center at 720-457-7550.

SPIRE Sales may top country!

It was a great 2010 at SPIRE and we certainly enjoyed welcoming so many great homeowners… but we didn’t realize how much this stood out across the country!

In this most recent article from Inside Real Estate News John Rebchook talks about how SPIRE is outperforming other real estate opportunities not just in Denver, but across the country.  Here is a excerpt from this article..

From last April 19 – the day its lenders allowed it to start closing contracts – until the end of last year, 201 units have closed at the Spire, representing more than $60 million in sales. The sale price per square foot ranged from the high $200s to about $500. In addition, all 10,000 square feet of the ground-floor retail space has been leased in the LEED-certified building at 14th and Champa streets.

That is 328 percent more than all of the new home closings that took place during the time period at four of other condo buildings in Denver – One Lincoln, Pinnacle, Wynkoop Residences and Four Seasons – according to a study by Mark Co. Research. Closings at the Spire also have dwarfed the resale condo closings in One Lincoln, Glass House and Pinnacle during that period, according to the analysis.

“There’s a lot of ways to slice-and-dice real estate sales, but whether you look at the last six months or all of 2010, we were getting north of 75 percent of the local market, depending on how you measure it,” said Crosby, of Nichols Partnership, the developer of the 493-unit building.

There are a number of reasons why our new homeowners selected SPIRE for their home in the heart of Downtown Denver.   The article goes on to talk about SPIRE and the ongoing effect this will have on our great city of Denver as the building generates a new audience to draw in other restaurants, shops and amenities.  We love living in Downtown and wanted to thank everyone who helped make SPIRE such a success.  One last quote…

“It’s kind of a dream development,” Phetteplace said about the Spire.

Thank you, that was what we were going for! To learn more about SPIRE please contact the SPIRE sales team at 720-457-7550.

Colorado is a relocation favorite… and we all know why

We all know that Colorado is a wonderful state.   Many of us relocated from another state to enjoy Colorado’s incredible weather, the beautiful mountains in our backyard, and of course the incredible city of Denver.

So it came as no surprise to read in the Denver Post that Colorado trails only Texas as a relocation destination, according to a report released Monday by Allied Van Lines.

Here is a quick blurb from today’s Denver Post article…

Analysts cited Colorado’s quality of life and relatively low unemployment rate as reasons that more people are moving to the state than are moving out.

Read more: Colo. exceeded only by Texas as 2010 relocation target – The Denver Post http://www.denverpost.com/business/ci_17003053#ixzz1A5riWbu6

We also thought this was a nice quote about the great entrepreneurial spirit in our state…

“Colorado has a very entrepreneurial atmosphere that attracts the interest of out-of-state corporations looking to move facilities into our state to take advantage of the great workforce, the lifestyle desirability and the business-friendly atmosphere,”

Read more: Colo. exceeded only by Texas as 2010 relocation target – The Denver Post http://www.denverpost.com/business/ci_17003053#ixzz1A5tmEXtM

With so many great and creative businesses in our neighborhood, we know this spirit is booming.  Many such businesses will be opening their doors right at the base of SPIRE.

SPIRE, located in the heart of Downtown Denver and the theater district has become home to many of these new Colorado residents.  With a terrific location and amenities such as two pools, two hot tubs, fitness center, private theater room, sports zone, 24 hour front desk, and multiple lounges it’s a great way to enjoy the Colorado and Downtown Denver lifestyle.

To learn more about SPIRE or relocating to the Denver area,  please contact the SPIRE sales center at 720-457-7550.

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