January 2016 Riverfront Recap

RIV

Can you believe it? February is already here and with next Sunday’s Super Bowl marking the end of the football season, in our opinion, spring is right around the corner – and we cannot wait! As we’ve outlined previously in our blog, it’s going to be an exciting year for Riverfront Park and Union Station as the neighborhood reaches its final build-out. This has been a long time coming but the journey was well worth the wait as Riverfront Park is the gold-standard for urban living! So what can you expect in 2016?

The biggest transformation will take place on the corner of 15th and Little Raven Street where The Confluence is expected to begin its ascendency from its foundation to 34 stories above confluence park. The 288 unit apartment building will redefine the Denver skyline and the building’s architecture will certainly become a city landmark. You can read up on the progress here: http://denverinfill.com/blog/tag/the-confluence

Of equal importance are two new designs that will transform Riverfront Park’s two remaining vacant lots. The first, The Parkside Apartments on the corner of 19th and Little Raven Street and the AMLI Green which will sit adjacent to the Glass House along Little Raven Street. Both of these projects will be less than 80 feet in height and should break ground this year eradicating vacant and depressed plots of lands guarded by fences.

Union Station will continue its development but we are particularly excited about two events. 

  1. 17W, located on 17th and Chestnut, will be home to a 56,000 SF Whole Foods flag ship store offering additional shopping for the residents of LoDo, Union Station and Riverfront Park. Construction will continue through 2016 and hopefully will be ready for a grand unveiling in the spring of 2017
  2. The Coloradan! You’ve heard us praise the new condominium project coming to Union Station and you can bet that we’ll be on site when the building breaks ground in July! We hope to see pre-sale opportunities late 2016 or early 2017.

Stay tuned as the buzz on the ground is that 2016 will be a monumental year for the neighborhood.

The real estate market wasted no time turning up the heat in 2016. Although less units were sold this past month than in January 2015, the neighborhood still closed seven residences including one of the highly coveted Brownstones which had been previously on and off the market since the summer of 2014. It’s clear to us that prospective buyers are keeping a watchful eye on the coolest neighborhood in town… a trend we don’t see diminishing anytime soon. Without further ado, below is the Big Board with the first month complete:

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And for those who crave numbers, below is a breakdown of each sale:

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Before we go, the final numbers are in and last year the Denver real estate market for single family residences and condos grew 14.1% bringing the average price point to $391,186. If you’d like complete market statistics for 2015, our brokerage, LIV Sotheby’s International Realty has prepared beautiful, easy-to-digest micro reports for the entire Denver metro area which you can find here: https://www.coloradorealestatediary.com/micro-market-real-estate-reports/

So how will this year shake out in comparison to last? Time will tell but regardless, we are excited for what’s to come in the Riverfront Park real estate market in 2016. We’re looking forward to being part of the growth and sharing the excitement with you as we join the residents of Riverfront Park in solidifying our neighborhood as the best place to live in Denver. 

Adam Moore
Mile Hi Modern

LIV | Sotheby’s International Realty

Mobile: 303.956.8069
255 Clayton Street, Unit 100
Denver, CO 80206 

www.milehimodern.com | www.riverfrontdenver.com

Recent Sales Information

See Recent Sales Information for the Past Year in any Riverfront Park Building.

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