Tag: Multifamily Housing
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Denver considers 5x harsher fines against landlords not up to code
If a residential unit in Denver doesn’t have a smoke alarm installed, Denver can currently fine the landlord up to $999 after a warning and several citations. But soon, penalties could stack up to $5,000 per day. The Department of Excise and Licenses is pushing to revise Denver’s code to create a new maximum penalty…
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Denver City Council to consider $29M housing bond
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Denver’s efforts to solve its affordable housing shortage will take a step forward on Monday night when the City Council introduces a bill to authorize the issuance and sale of a $29 million bond. Last year, the city approved California developer Shea Properties’ conversion of a 124,000-square-foot office building at 4340 S. Monaco St. into…
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Denver South I-25 corridor poised for growth, despite transportation challenges
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save The Denver South I-25 corridor is looking forward to a bright economic future with continued commercial and residential development around transportation hubs and expansion of industrial uses to the east of the corridor, around Centennial Airport, over the next 20 years. That’s according to a…
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Metro Denver area apartment rents rise in second quarter
Apartment rents in the metro Denver area rose an average of $32 per month in the second quarter, which is fairly typical for that time of year. Average rents now stand at $1,878, a 2% increase year-over-year, according to the second quarter Vacancy & Rent report from the Apartment Association of Metro Denver released Tuesday.…
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Denver gets tough on unlicensed landlords, as many scramble to set up required home inspections
The Denver department that licenses everything from pedal cabs and tattoo artists to liquor stores and pot dispensaries is five months into its largest-yet regulatory expansion: Seeking to license the city’s 123,000 multifamily homes and apartments. As of Monday, the city had issued $150 administrative citations to 46 apartment property owners deemed in violation of…
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New apartment building planned for Denver’s Golden Triangle neighborhood
A Denver-based equity firm this week unveiled plans for another large-scale apartment building in the Golden Triangle neighborhood south of downtown. It joins a sea of planned apartments there in the wake of the pandemic, as over a thousand new apartment units are already slated to change the cityscape over the next few years. Trailbreak…
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Metro Denver home buyers getting breathing room
The median single-family housing price in the seven-county Denver area dropped for a fourth straight month, now at $620,000, according to the August Market Trends Housing report from the Colorado Association of Realtors (CAR). That median sales price is still 10% higher than a year ago, but well off from spring of 2020 when appreciation…
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Denver home sales prices continue slide in August
Metro Denver home sale prices dropped for the second month in a row in August, and days on market have reached a breathing-room level of 19 days, when it was just nine days a year ago, according to the most recent Denver Metro Association of Realtors Market Trends report. The average sales price for multifamily…
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Metro Moves: RidgeGate to get a King Soopers
Welcome to The Denver Gazette’s Metro Moves. You’ll get the latest metro Denver openings, closings, hiring and promotion briefs here. To submit your company’s news, drop an email to [email protected]. Coming soon RidgeGate master developer Coventry Development Corp. recently announced a new Signature King Soopers store and Fuel Center will be built east of RidgeGate…
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Historic Denver executive director Annie Levinsky shifts to statewide focus at History Colorado
Annie Levinsky’s name has become synonymous with Denver historic preservation. Her 14 years of work as the executive director of Historic Denver Inc. literally shaped how many parts of the city look today and will look into the future. The 42-year-old Denver native will move on from the non-profit organization she’s served for 19 years…