On Monday the Denver City Council voted to back up the 300 million in federal loans for the redevelopment of Union Station 12-1. This vote means that general-fund dollars could be tapped if tax receipts fail to cover debt payment. According to Claude Pumilia, the city’s chief financial officer, “There is minimal risk and very extraordinary benefits for this project and that is why we’re supportive of it.” He said that the feasibility study was done and even if only 44% of the projected revenue materializes, the city’s general-fund would never get tapped. This is another great push forward for the start to this incredible redevelopment. To read the whole article, click here.
Forbes Magazine came up with the 10 best cities to buy real estate and Denver was #5. They looked at the “premium to buy” which is difference between what someone would spend on rent versus what they would spend on a mortgage. For these 10 cities the premium was much lower than the 15-year average. Forbes also identified where economists predict the largest increase in home prices over the next five years. Here are the cities: 1. Boston, 2. Charlotte, 3. Chicago, 4. Cincinnati, 5. DENVER, 6. Minneapolis, 7. Philadelphia, 8. Portland, 9. San Francisco, 10. Washington D.C.
The Park #7 is a truly special residence because it sits in the 17th Street View Corridor and will retain gorgeous views of the Union Station Travel by Train sign forever. Imagine waking up to a sunrise over the city and later enjoy these spectacular views with the city lights at night. That’s what you’ll appreciate from this fresh, modern loft. Incredible finishes include SubZero and Wolfe appliances, CaesarStone counters, Brazilian Cherry floors, Venetian Plaster fireplaces and custom European inspired cabinetry. This is the last developer residence in The Park. Priced to sell, this one is not going to last. Call me at (303) 618-3622 to schedule your personal tour of this elegant home.