Posted on 06/26/2023 7:15:46 PM PDT by ChicagoConservative27
The Denver metro area is a study in real estate contrasts. Many office buildings now sit with high vacancy rates, but cranes mark where new apartments are rapidly being built.
At the corner of 6th Avenue in Simms Street in Lakewood used to be an office building. For a dozen years, it sat empty and now it's been turned into something unique.
It is now an apartment building that has struck the right note.
(Excerpt) Read more at cbsnews.com ...
Free is affordable to me, but I’d have to have at least one off-street parking spot.
The headline should read: “taxpayers get raped again”
“Free is affordable to me, but I’d have to have at least one off-street parking spot.”
I worked in downtown Denver in the late 70’s. It cost $30.00/ month to park in the parking garage.
And so close to the job market.
Oh wait...
If there are no businesses, there are no jobs, thus no need for apartments.
In the 70s, I worked in a lab just east of Stapleton where we could watch the planes coming and going.
The whole metro/mountain complex was totally fun to be around.
“If there are no businesses, there are no jobs, thus no need for apartments.”
I beg to differ. These suckers can spend their money to turn these white elephants into apartments. In less than a year the City Council will force them to house the homeless.
L
“The whole metro/mountain complex was totally fun to be around.”
It used to be such a great place to live, I enjoyed every minute living there.
The perfect storm. Homeless encampments. Empty office buildings. The left is the solution party.
When I lived there, the looney’s were pretty much located in Boulder. Apparently, they control the whole state now.
I had this very popular bumper sticker on my truck back in the day.
“Colorado sucks! Go back to California and tell your friends. “
—” In less than a year the City Council will force them to house the homeless.”
If any Federal money is involved, and there always is, there will be a slew of rules about who will be allowed to live in the project.
But first, they will have to add the needed plumbing, electrical, vent...
Buildings are seldom designed for future ‘possible’ use.
Office buildings have ~2 toilets for every thirty employees, apartments 2 toilets for every three bedrooms.
Unless they are packing 15 to a bedroom they need many more toilets and everything else...
But the plumbing pipes are concealed above the ceiling and usually do not have much space for additional services.
Possible but very expensive.
The building is owned by the mayor’s brother-in-law?
They will be grant money for all the union labor...
Having done some commercial real estate I can tell you conversion of office space to residential would cost a bundle to bring to code for plumbing alone.
This is BS. Office buildings do not have the number of bathrooms, showers, kitchens, etc to be converted to apartments. They simply do not have the plumbing and exhaust ventilation to be converted to apartments. Yes, in theory it can be done, but at a hell of a cost.
Not new.
Grand Rapids was turning derelict furniture factories into apartments and condos of varying “affordability” 20 years ago.
Repurposing commercial real estate into housing (not to say “warehousing”, though I see that possibility, depending on whether government or the private profit-driven owners are driving the boat) is a sensible reaction to changing economic conditions.
Such a moronic headline. “Affordable” to the renters, but not to the landlords or builders, who will go bankrupt leading to more homelessness.
Colorado Ping ( Let me know if you wish to be added or removed from the list
Now there's a lost historical reference.
I wouldn’t call $1300.00 - $1600.00 monthly rent “affordable”. More touchy-feely, feel good bull crap.
Thanks for the ping, george.
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