Fall Forward

August is nearly over and things have clearly been busy. I am back at it after an extended pseudo vacation in the high mountains of Colorado, which I highly recommend to all.

For the Fall I am announcing a few new additions to the blog which I think will help to extend the value and interest. First will be guest posts from professionals across the commercial real estate spectrum from investors to brokers and third party vendors. The goal being to provide valuable insight and ideas well beyond my experience. Second, I am going to add a new section to discuss and consider topics specific to Urban Planning and Design. My goal here is to provide a forum for discussions on local and national design considerations and topics. Ranging from density and car based architecture to streetscape and pedestrian oriented design. Third I am working on adding a podcast to the site which I hope to expand into interviews and discussions on all things commercial and city related.

Additionally it was brought to my attention that a number of you do not have subscriptions to the Times and as such miss out on the posts regarding local news stories. In order to make these posts more useful to everyone I will be adding general discussion of the posted articles and then proving a link at the end of the post if you want to reference the specific article. Hopefully this will provide a more cohesive reading experience for everyone.

I am very excited to be expanding the offerings and very much looking forward to your feedback. As always email your comments, feedback, suggestions and thoughts to info@chacre.com and thank you for reading. – M.D.

More and More…and More

This project has been in the works for a long while so it’s timing on coming to market with so much other product is just the luck of the draw.

It’s not clear what their original purchase price was for the old Cannon Equipment site but given the requisite brownfield cleanup I would suspect it was good. That should allow them to weather the current saturated market.

https://www.timesfreepress.com/news/business/aroundregion/story/2019/aug/01/more-riverfront-apartments-coming-early-2020/500314/

It’s worth revisiting the estimate noted at the ULI conference last fall that “it could easily take five years to reach anything close to full lease-up.” That means every other project that comes to market extends that time frame. Short of an unprecedented demographic influx of renters to downtown there’s going to be room to grow for a while.

If there is a silver lining here it’s that anyone coming into the market will need to provide a better price point or more unique product because more of the same isn’t going to cut it. So, hopefully, in a couple years maybe we will see some really interesting and creative residential solutions. https://weburbanist.com/2013/09/04/zaha-hadids-apartment-block-overlooking-nyc-high-line/