Here is an article from the WSJ about the housing market getting stronger.
Archives for March 2012
The first building in the Union Station Redevelopment will break ground next month. The North Wing building will be the new headquarters of IMA Financial and will be built by Haselden Construction. The $32 million building was designed by AndersonMasonDale Architects and will be located just to the North of the historic station. The four story building will have 108,000 square feet of office space with ground floor retail. This move will allow the company to grow from approximately 200 employees in Denver to 300-400 over the next decade. Construction is expected to be completed at the end of 2013.
In a recent survey done by Manpower Group released on Tuesday, Denver has the fifth best employment outlook in the nation. Manpower Group, a workforce consulting firm, said that 18% of metro Denver employers polled plan to hire workers in the second quarter and 78% plan on keeping their current staffing levels. The nationwide average outlook is a 12% growth in the second quarter. Consumer confidence continues to rise as job growth gets stronger. It appears that things are getting better and better.
B-Cycle is back for it’s third season. On Sunday, the red bikes were out and about as volunteers helped bring them from Pepsi Center to the 51 stations around Denver. It is the perfect week to launch B-Cycle with weather in the 70’s. Anyone can join, it’s $89 for the season or $8 a day. For more information on B-Cycle, click here.
Fannie Mae’s National Housing Survey from February showed that consumer confidence is coming back when it comes to real estate and the economy. “The pickup in the pace of hiring over the past few months has helped soothe consumer concerns, lifting their moods regarding their personal finances, the direction of the economy, and their views on the housing market,” says Doug Duncan, chief economist of Fannie Mae. “As a result, we’ve seen more potential for economic upside, creating a more balanced near-term outlook.” Interest rates for mortgages are still low and prices haven’t rebounded yet making this a great time to purchase. The survey showed that 65% of people said they would purchase over rent if they were going to move.
The chef of one of Denver’s coolest restaurants is up for Food & Wine’s The People’s Best New Chef award. Lon, from ChoLon Modern Asian Bistro and a neighborhood resident, is nominated for this incredible award. Lon recently said “I’ve been cooking since I was 14 years old and couldn’t be more excited to be nominated at my own restaurant ChoLon in Denver. After ten years of climbing the ranks in New York City under some of the industry’s most esteemed chefs, and having spent three years working in Europe and Asia, I’m honored to be recognized by Food & Wine.” You can help Lon win by voting online. Click on this link and vote for him today. The voting goes through March 11th.
I took the light rail into work this morning and noticed how much progress has been made on the pedestrian walkway that will connect the light rail to the underground bus station. There are red, gray and beige pavers installed in a nice pattern surrounding the teardrop planters. There is still much work to be done but everyday they make a little progress. This redevelopment will be done before we know it!
There are some new renderings on the Denver Infill website of the DIA Terminal expansion project. The three major elements include the end of the line train station at DIA, the 500 unit Westin Hotel and a 60,000 square foot pubic plaza connecting the Jeppeson terminal to the hotel. The train will be up and running from Union Station in January of 2016! Click here to view the renderings.