Cherry Creek Perspective

Welcome to Cherry Creek Perspective – bi-monthly news of mobility-related and affordable housing real estate throughout the Denver-metro area, and news of real estate, public sector and economic developments in the southeast Denver – Glendale area, relying in part on articles published in Real Estate Perspective.

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Research a property or a market in our searchable on-line library of Real Estate Perspective articles compiled since 2001 at:

Each business day for Real Estate Perspective, the JRES staff reviews all Denver metro area wide and local newspapers, trade journals, government websites, blogs and other sources for commercial and residential real estate and economic news. News items are condensed into easily readable summaries providing all of the essential facts for the Real Estate Perspective newsletter. And Apartment Perspective, provides a detailed update of Denver metro area apartment rental, vacancy and development/construction activity including proposed projects.

The latest on Real Estate and Mobility is also available at a Group in LinkedIn with that name and moderated by Bill James at:

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Be careful out there and stay healthy.  The JRES newsletters will continue to be published.





Craving a gyro or some BBQ, or maybe a healthy quinoa bowl?  Considering discovering cuisine from across the world? Or how about a favorite meal with a twist, like a taco wrapped in fried cheese?  We’ve got it all plus a whole lot more at Civic Center EATS!  Our talented food truck chefs are ready to serve you lunch and dinner!  As we have worked hard to prepare an event that is enjoyable in safe in Civic Center Park, we invite you to check our EATS Tips and Safety Guidelines.

Wednesdays & Thursdays, August 12th – October 15th – 11:30 AM-1:30 PM & 5:30-7:30 PM – Civic Center Park


Denver Architecture Foundation Audio Tours

The DAF’s Audio Tours feature 24 historic sites, that take listeners on a journey through Denver’s past while connecting to present and future. Over a century of Denver’s architectural and cultural history is explored in just a few hours. Audio Tours can be explored on location or remotely. The journeys are in walking or biking distance from one another and are concentrated in downtown Denver and Civic Center.


The Case For a Cost Segregation Strategy

If your clients haven’t considered procuring a cost segregation study on their properties, they may not have claimed the appropriate amount of depreciation. A cost segregation study is the process of identifying and separating personal property that is or has been grouped with real property. These studies can benefit any type of commercial property. Engineering-based studies tend to be the most reliable and preferred by the tax court. Cost segregation studies became even more valuable when the 2017 Tax Cuts and Jobs Act (TCJA) changed depreciation rules.


RESHAPING CITIES – Post-Pandemic Perspectives

We are living in challenging times. ULI and the Sharing Cities Alliance invite you to join us to learn about opportunities for change in our post-pandemic world.  In this environment, predicting how the future will unfold is next to impossible. However, we know that technological, social, and environmental developments within our societies are changing the way we live, work, learn, and play. We know that resilience is essential to our ability to adapt and resilience is born, in part, from information exchange and problem solving. Therefore, it is critical to exchange insights and try to turn challenges into opportunities, together. We invite you to participate in this learning experience designed to expose you to different people sharing their experiences and perspectives.

Confronting COVID — Making Moves: Transportation, Public Space, and Equity in the Time of the Coronavirus
September 11 | 11:00 AM–12:15 PM MDT | Webinar

From slow streets, to dining streets, to closed streets, to the use of parking facilities for drive-in movies, farmer’s markets, and children’s play zones, communities are taking a fresh look at existing transportation infrastructure. How are considerations of social and racial equity informing these decisions and are these shifts meeting the needs of communities of color? Join the conversation on whether these solutions are only responding to the current health challenge or if they will forever alter how our transportation infrastructure functions.

This webinar is free for ULI Members.

Creating Value through Transit-Oriented Development

This webinar analyzes best practices in the design and delivery of urban development in and around transit interchanges, looking at opportunities and challenges of PPP and of the interrelationship between city infrastructure and commercial development/real estate. The panel addresses key questions including: How can public and private sectors collaborate more effectively, and how can they create more value around public transport infrastructure developments? How can we facilitate mixed used developments, and redevelopment of obsolete uses, at or near transit stations? How to capture land value increases resulting from infrastructure developments for all stakeholders, including the community to benefit from?

This webinar is free for ULI Members.

You may be surprised at how inexpensive ULI membership is. Info at:


Denver Elected Officials Online Town Halls

Join Denver city council members, state representatives, school board representatives, and RTD board members for a Virtual Town Hall.

Every 2 weeks next on Thursday August 20 – 4:00-5:00 PM

Phone: 408-638-0968 – password: 5555

Zoom:  Meeting ID: 924 3016 5131


Work From Home Resources

Offering employees more choices for how and when they work can be key to ensuring business continuity and emergency preparedness for your workplace. We have compiled some resources for you to help quickly start or refine work from home options for your workforce. Transportation Solutions is a transportation management association that makes things happen.



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Group Living Rules Update

The proposed text amendments to the Denver Zoning Code would update residential use regulations to increase housing opportunities and flexibility for many residents. The draft is available for a 30-day public review, followed by public hearings at the Denver Planning Board and City Council this fall. All comments will be shared with the Denver Planning Board ahead of the board’s review of the amendments at 3:00 PM Wednesday, August 19 in person and broadcast live on Denver’s Channel 8.

Denver No. 2 for gentrification in recent years, national study finds

Of the 80 neighborhoods in the Denver-Aurora area that met eligibility criteria, 22 gentrified during the study period, 27.5%. That’s a higher rate than in any other U.S. metro other than San Francisco-Oakland (31.3%) and ahead of No. 3 Boston by more than 6 percentage points.

Churches Are Building Housing Developments ‘in God’s Back Yard’

Religious institutions own thousands of acres of land in the U.S., and amid falling membership and participation, calls to convert surplus faith property and places of worship themselves into housing have gained traction.

Draft Plan and Virtual Public Hearing for HUD Funds

The State of Colorado has published a draft of its 2020-2024 Consolidated Plan in order to receive grants from the following programs: Emergency Solutions Grants (ESG), Community Development Block Grants (CDBG), and Housing Opportunities for Persons with AIDS (HOPWA), HOME Investment Partnerships Program (HOME), and the National Housing Trust Fund (HTF). These formula block grant funds will assist communities develop and rehabilitate affordable housing, promote economic development, assist persons experiencing homelessness, serve those with special needs, and improve public facilities.



New Data Suggests On-Demand Transit is Essential for Equity

Many transit agencies and cities across the country have turned to on-demand microtransit over the last couple of years to improve public transportation options for low-income residents. Those who have lower incomes often can’t afford to own a car, and have been systemically underserved by traditional transit networks. When COVID-19 hit, those in higher income brackets started working from home and using their personal vehicles for necessary travel, while millions of lower-income Americans, including a disproportionate number of people of color, don’t have that luxury and have struggled to make ends meet. In the midst of COVID-19 shutdowns, on-demand transit has begun serving specific community needs, such as food delivery to vulnerable populations, and transporting hospital workers in the overnight hours. Further, data shows that dynamic, on-demand public transit has proven to be a mobility lifeline for those in low-income areas during this crisis.

Denver International Airport

Denver City Council Member Kendra Black reports DEN has a new public-facing dashboard for Phase I of the Great Hall Project. The dashboard provides transparency into the status, progress and budget of the project. This dashboard focuses on five main categories for Phase I of the project only and displays each goal, the current status and whether DEN and its contractor are meeting the goals and milestones set for the project. The dashboard is available on the Great Hall website and metrics will be updated monthly. Phase I of the Great Hall Project restarted construction in March 2020 with new general contractors Hensel Phelps and is scheduled to be complete by the end of 2021.

Complete Streets Design

The Denver Complete Streets Design Guidelines are out for public review. Please submit all comments by August 24, 2020. The Complete Street Design Guidelines are the guiding principals for the city’s public right of way, detailing how we allocate space to transportation, utilities and other public infrastructure. These guidelines are an extension of the public conversation contained in Blueprint Denver, the city’s plan for land use and transportation, which was adopted in 2019. In alignment with Blueprint Denver, Denver’s Department of Transportation & Infrastructure is updating its internal documentation, policies and guidelines to reflect Denver’s growth and desire to move more people, more efficiently.



Three Women Finalists in the Running for RTD Top Job

The RTD Board of Directors has narrowed down the field of applicants for the agency’s permanent CEO and general manager to three finalists. The public will have an opportunity to learn more about each candidate and provide feedback on who they think is best suited for the top job. Video presentations by each of the finalists and an online survey will be available Aug. 19–23 on the RTD website.

RTD’s Current Financial Reality

RTD reports that like public agencies and private companies the world over, RTD continues to face a new financial reality as a result of impacts from the pandemic. While the most recent sales tax revenue forecast isn’t as bleak as the May forecast that projected a $251 million budget gap for 2021, the current forecast anticipates a budget gap of $166 million for next year. That puts the shortfall for the Mid-Term Financial Plan at $848 million between 2021 and 2026. The agency continues to take as many steps as possible to reduce costs this year to help address the shortfall for next year. In addition, staff is doing a top-to-bottom review of the organization to align resources and staffing levels for 2021 to support the much-reduced service levels that are expected to continue into the foreseeable future. Learn more about the financial budget forecasts.

N Line Opening

RTD will celebrate the grand opening of RTD’s newest commuter rail line – the N Line – on Sept. 21. RTD is planning a few different options for holding the grand opening activities due to the uncertainty and ever-changing factors with the pandemic. However, the event will be available through a live-stream. Following the ceremony, the line will open to the public for a week of free service with capacity limits and social distancing in mind. RTD will begin collecting fares on the N Line on Monday, Sept. 28.