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Jude Sandvall

Hotel, condo tower planned for downtown Denver site

An article from the Rocky Mountain News, reports that according to Denverinfill.com, a developer is planning a 17-story hotel and condo tower on the site of a former Burger King at 15th and Stout streets. Planned by Ranko Mocevic, president of Hotel Gold Crown Champa LLC, the tower will have 264 hotel rooms on floors 3 through 14 and 12 condominiums on floors 15 through 17 and could open in 2010. Ken Schroeppel, urban planner and author of the Denverinfill.com blog said, "The site has certainly been underutilized. This is the same block with the Spire, so it's bringing a lot of density to the area."
http://www.rockymountainnews.com/news/2008/may/12/hotel-condo-tower-planned-for-downtown-denver/

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Booming times at Buckley

An article from the Rocky Mountain News, reports that changes are on the way for Buckley Air Force Base with the addition of hundreds of personnel and more than two dozen major construction projects in the works or planned. John Spann, of the base's public affairs office said, "We are one of the fastest-growing Air Force bases in the country. The missions here at Buckley are constantly changing." One plan that is in the works is the addition of 800 people assigned to Buckley over the next three years, a combination of enlisted, private and contractor jobs. That includes about 600 workers at the Air Force Air Reserve Personnel Center near Lowry who will move to Buckley by 2011. Other plans, according to the Air Force, include a $30 million building for temporary lodging, a $1.42 million kennel for military dogs, a $5.5 million training center and a $10.7 fuel-distribution complex "required to accommodate the new development." According to Aurora Mayor Ed Tauer, the added military and civilian jobs are great for the local economy, but it's the quality of people the jobs attract that matters more. Tauer said, "To get the extra jobs is great, but more important, it says the Air Force has a long-term commitment to Buckley."
http://www.rockymountainnews.com/news/2008/may/05/booming-times-at-buckley/

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http://www.homesinauroracolorado.com

80121 ZIPs to No. 1 in market

An article from the Rocky Mountain News, reports that the area of the 80121 ZIP code, which includes parts of Cherry Hills Village, Greenwood Village and Centennial, showed the greatest appreciation of home prices during the first quarter. According to data compiled for Rocky Mountain News by California-based DataQuick, a company that tracks home prices by ZIP code, the median price of a home in 80121 jumped 26.3% to $310,000 from $245,500 a year earlier. Pat Long of Keller Williams Action Realty said, "It has always been a hot area. It is a very family-oriented, well-developed area. People love it." In northwest Denver, the No. 2 market for appreciation was 80212, which showed an 18.5% rise. That area includes neighborhoods such as Sloan's Lake, West Highland and Berkeley.
http://www.rockymountainnews.com/news/2008/may/07/80121-zips-to-no-1-in-market/

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Cherry Creek Square sells for $18 million

Cherry Creek Square sells for $18 million, an article from the Colorado Real Estate Journal, reports that Cherry Creek Square, retail property in the heart of Cherry Creek North, sold to BZ Investments, a local Denver real estate firm. The company paid $18 million for the property, which comes out to more than $500 per square foot for improvements, or $323 per square foot for land. Cherry Creek Square includes 35,384 square feet of retail space on 1.27 acres of land. Riki Hashimoto of Grubb & Ellis Investment Brokerage Group said, "The new owner is weighing potential options to upgrade the property or even potentially redevelop the site sometime in the future."
http://www.crej.com/news_category.php?category_id=1

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http://www.homesinauroracolorado.com

Grand opening set for Landmark condo project

An article from the Denver Business Journal, reports that on May 7, the Everest Development Co. will hold a public grand opening for the first units at its high-end The Landmark condominium towers in Greenwood Village. Construction on the 15-acre project started in 2005 and was a finalist for the NAHB's 2007 community of the year award for its product type. Included in the project's $160 million first phase is 2 condo towers with a total of 250 units, plus a 168,000-square-foot retail center called The Village Shops at The Landmark. According to the Regional Transportation District's 2007 transit-oriented development report, The Village Shops is scheduled to be completed this year. The Brownstones, a second phase of the project, is slated to include 160 townhomes and 10 single-family homes. The Landmark website states the Brownstone units are being offered for $1.5 million to $2.7 million. http://www.bizjournals.com/denver/stories/2008/04/28/daily18.html?b=1209355200^1627747

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