Cherry Creek Perspective

JRES Intelica CRE > Cherry Creek Perspective > Cherry Creek Perspective – October 2020

Welcome to Cherry Creek Perspective – 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.

Check out our sponsors – click on their links below.

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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:

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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:

www.linkedin.com/groups/4760558

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

 

OPPORTUNITIES


The Global Real Estate Project is an undertaking of the Franklin L. Burns School of Real Estate and Construction Management at the University of Denver’s Daniels College of Business, and directed by Dr. Mark Lee Levine, Professor and Endowed Chair. Our goal is to provide students, investors, and the general public with the tools they need including free tax and real estate tips to research real estate opportunities both domestic and abroad.

www.markleelevine.com/

Lunch and Learn – Splitting Profits in Commercial Real Estate

DU Professor Jeff Englestad, CCIM, FRICS

Thursday, October 22, 2020 – 11:30AM-1:00PM

Complimentary but registration is required

For commercial real estate professionals who work with equity partners – discuss and model various methods of sharing the wealth in transactions including:

  • The Traditional Split
  • The Rake
  • The Preference
  • Carried Interest
  • Waterfall
  • Pari Passu
  • Reversionary Interests

www.cowyccim.org/event-4006685

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.

 

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.

knowledge.uli.org/en/videos-and-webinars/webinars/2020/creating-value-through-transit-oriented-development

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

colorado.uli.org/about/membership/

Transportation, Public Space, and Equity in the Time of Coronavirus – Video on Demand

Around the country, cities have been moving rapidly to adapt roads, parking lots, and other transportation assets to the needs of residents to travel, recreate, and support local business in safer and socially distant ways. 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? How well are these shifts meeting the needs of communities of color?

knowledge.uli.org/videos-and-webinars/webinars/2020/confronting-covid19-making-moves

 

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 on Thursdays beginning October 29 – 4:00-5:00 PM

Phone: 408-638-0968 – password: 5555

Zoom:  Meeting ID: 924 3016 5131

zoom.us/s/92430165131

 

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.

www.transolutions.org/

 

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ATTAINABLE HOUSING

Denver City Council Member Chris Hinds reports homelessness continues to be the #1 reason people contact the District 10 office. Since I took office, we’ve authorized tens of millions of dollars in funding for housing, supports, and services for people experiencing homelessness.  Still, it is clear that homelessness continues to be a huge issue in our city, and frankly an issue that goes well beyond Denver. With COVID and its effects on our businesses, many people remaining un- and under-employed, and our city and state’s sudden, precipitous drop to tax revenues, our city and its residents will be further strained. Below are a few noteworthy projects to address housing affordability and homelessness:

  • 103-unit Affordable Housing Project in Capitol Hill: Denver’s Department of Housing Stability (HOST) celebrated the groundbreaking of the Capitol Square Apartments on Thursday, October 1. The project will provide 103 income-restricted units one block from the Colorado State Capitol on the corner of 13th Ave. and Sherman St. Developed by Mile High Development and Brinshore Development, the six-story project totals 120,405 square feet and will provide affordable units at a critical time. Construction begins on the site this month, and the project is anticipated to open July 1, 2022.
  •  Temporary Safe Outdoor Spaces Community Demonstration: Colorado Village Collaborative is working with HOST to create Temporary Safe Outdoor Spaces during the COVID-19 outbreak to mitigate the spread of the virus and better connect unhoused folks with healthcare, hotels, housing, and other resources. From October 2-4, the CVC set up a TSOS demonstration in the Belong Church parking lot located at 1615 Ogden St

https://lists.denverperfect10.com/links/gM_WFZVEf/xiXCMEOX8/Om7xiOA3uCI/TOalIAQ9K3T

https://denverite.com/2020/10/02/wonder-what-sanctioned-camping-is-all-about-check-out-a-demonstration-in-capitol-hill/

  • Department of Housing Stability Draft One-Year Action Plan & Survey: HOST recently released a public comment draft of its 2021 Action Plan. The one-year plan serves as a bridge from existing strategies set in Housing an Inclusive Denver and the Three-year Shelter Strategy to a forthcoming five-year strategic plan set for development in 2021.

https://lists.denverperfect10.com/links/gM_WFZVEf/xiXCMEOX8/Om7xiOA3uCI/HY_qlOJpByD

https://lists.denverperfect10.com/links/gM_WFZVEf/xiXCMEOX8/Om7xiOA3uCI/Bs0At5sivLd

The draft plan is available for public comment on the HOST website through November 9, 2020. Through an online survey, individuals can submit feedback regarding the draft plan. Spanish translation of the draft plan and survey will be posted on the HOST website by early October. All comments and feedback will be evaluated in partnership with HOST’s Strategic Planning Executive Committee, and the final plan is expected to be posted online by year-end.

https://lists.denverperfect10.com/links/gM_WFZVEf/xiXCMEOX8/Om7xiOA3uCI/-K2BXIsBx9T

https://lists.denverperfect10.com/links/gM_WFZVEf/xiXCMEOX8/Om7xiOA3uCI/blS9r_8m8-R

 

MOBILITY

RTD reports that FasTracks is positively impacting the region’s quality of life. Since RTD begin implementing its FasTracks transit expansion program in 2005, the agency has tracked and monitored the impacts of the program through its Quality of Life studies. The studies synthesize RTD’s data-driven evaluation of progress in meeting the FasTracks Program goals. Data is tracked annually in order to compare metrics over time. The 2020 Quality of Life Study is complete. Here are some of the takeaways from this year’s study:

  • 34,300 multifamily housing units are within a half-mile of a rail or BRT station
  • 3,300 affordable housing units are within a half-mile of a rail or BRT station
  • Traffic congestion caused 77 million hours of travel delay in 2018
  • Time spent in congestion per day equals 229,000 vehicle hours
  • 64% of greenhouse gas emissions are from the transportation sector, but…
  • .4% of GHG emissions are from transit buses
  • 240,000 tons of carbon emissions were displaced due to transit

 

REAL ESTATE AND MOBILITY

Council Member Hinds also reports before I was elected, I spoke a lot about the idea of a 20 minute neighborhood: as in everything we need to survive and thrive should be within a 20 minute walk, ride, or roll from your home – without driving. That isn’t meant to take away anyone’s car, instead, it’s meant to give us opportunities to get everything close enough that we aren’t required to rely on a car for everything. Fun fact: a third of Capitol Hill residents don’t own a car at all. That proximity between where we live and where we want to go means our Perfect slice of the city is the focus of a LOT of planning. Many of you have reached out to get updates on how you can get involved in planning the city’s future, and others have reached out to get more information on one or more of these initiatives.

https://www.denverperfect10.com/2020/08/12/projects-currently-underway-in-perfect-10/

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