Denver CO - Great Real Estate Investments
Denver real estate offers a wide range of options from modern to historic, all with easy access to a rich cultural climate, exquisite natural beauty, and a growing economy.
- The electric cultural menu for downtown Denver reads like a connoisseur’s dream.
- There are a minimum of 300 days of sunshine.
- The city boasts five pro sports teams.
- The mountain peaks generate a healthy life style and spectacular views.
- Metro Denver’s economy is looking brighter as lucrative development projects and investments come to town.
- Foreclosures generate attractive properties for great prices.
A revitalized downtown, residences designed by a world-famous architect, quaint homes in historic neighborhoods, mansions raised in mature areas, hotels, office/condos and the largest redevelopment project in the country are making Denver real estate a hot investment.
World-famed Daniel Libeskind designed the $91 million extension of the Denver Art Museum and the Museum Residences, a building of homes spun from glass, steel and cement. The Museum Residences are themselves a work of art, selling from $340,000 to $1.1 million.
"Stunning Denver real estate investments can be found in historic downtown"
About 70 percent of these angular residences were under contract before the ground was broken. Residents have views of the museum addition and the Rocky Mountains. The homes have spacious walls – just right for hanging residents’ works of art.
Stunning Denver real estate investments can be found in historic downtown, according to local broker Judith Clausen, a member of the Colorado Exclusive Buyer Agent Association (CEBAA). CEBAA is an association of Colorado real estate professionals who only work with buyers providing them with great real estate opportunities.
Residential hot spots exist in pockets around the metro Denver area like the historic home region, said Judith. In the Bonnie Brae neighborhood, residents lobby to keep their quaint character, and in the Hill Top area multimillion dollar mansions are going up on valuable land, with costs in the millions of dollars.
Investors are buying the revitalized Denver real estate along the Platte River,. High-end buyers spend $500,000 and up for these homes. Also, new builders in these areas are selling their real estate easily. Buyers can rely on Exclusive Buyer Agents to find their dream home here for the right price.
A definite plus for Denver real estate investment will be the newly completed T-Rex project (Transportation Expansion Project). The $1.67 billion mass transit project in the south end of town dramatically cuts travel time for commuters.
And who wants to sit for hours in traffic?
“We’ve been watching the Denver market closely for a long time, and believe that now is the right time to invest”
As part of the project, the new Fas Tracks due to begin construction in late 2006 will positively impact the Metro Denver economy. There are 119 miles of new light rail and commuter rail and 18 miles of bus rapid transit service, according to Patty Silverstein, Chief Consulting Economist for the Metro Denver Economic Development Corporation. This project is “the largest build-out of a mass transit system in U. S. history,” Silverstein wrote in a recent report.
Denver real estate is also poised for growth in the apartment market. Aspen Residential, a multifamily real estate investment company, plans to give Denver apartment real estate a shot in the arm to the tune of $200 million when it acquires 2,000 units in the next two quarters, according to a recent article in Colorado Real Estate Journal.
“We’ve been watching the Denver market closely for a long time, and believe that now is the right time to invest,” said Aspen Residential chief Brian Ward, according to Colorado Real Estate Journal.
Other developments and projects boosting Denver, Colorado, real estate investments include the $4.3 billion Fitzsimons Bioscience Campus redevelopment, according to Economist Silverstein.
Denver real estate investment claims the largest infill redevelopment in the country - the 4,700-acre Stapleton redevelopment created from the old Stapleton International Airport. It has generated a $4.7 billion economic and fiscal impact in its first five years of operation, according to the non-profit Stapleton Development Corporation as quoted in the Rocky Mountain News. Also, the former Lowry Air Force Base is another successful redevelopment project.
Denver Hotel real estate is booming and is about to get hotter. The Curtis hotel, a large independent hotel, will put a new face on Denver hotel real estate. Like the boutique hotels it will have its own flair, but like the larger Denver hotels, it will have the 336 rooms, according to Colorado Real Estate Journal.
Office condominiums are also coming to town as Arizona’s Shea Commercial, the country’s largest office condo developer, builds a $12 million project at Littleton’s Park Ridge Corporate Center.
The time is ripe for interested buyers to grab impressive Denver, Colorado real estate. Finding a Colorado Exclusive Buyer Agent is the first step to owning real estate in this spectacular Rocky Mountain state. Whether the buyer is searching for a great deal for a reasonable price or seeking an incredible real estate opportunity in downtown Denver, the Exclusive Buyer Agent is the key in finding that dream home.
Many people that look at Denver homes also consider the communities of Arvada, Aurora, BowMar, Brighton, Broomfield, Castle Rock, Centennial, Cherry Hills, Commerce City, Conifer, Elizabeth, Englewood, Erie, Evergreen, Franktown, Glendale, Golden, Greenwood Village, Highlands Ranch, Ken Caryl, Lafayette, Lakewood, Littleton, LoDo, Lone Tree, Longmont, Louisville, Lowry, Mapleton, Morrison, Northglenn, Parker, Saint Vrain, Stapleton, Superior, Thornton, Westminster and Wheat Ridge which are considered part of the Denver Metro Area.
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