Denver Living City Block – “Eco-Lodo”
What can make Denver living in the downtown area better than it is currently? A project, the Living City Block pilot project, is located in the historic district of Denver. The area includes a block and a half that includes a diverse collection of Denver living space – both low-income and high-end – as well as retail space, office space and restaurant space. This block offers a unique opportunity due to the range of ownership and the uses and visibility that these historic buildings have presently. The owners of the buildings will provide a commitment letter saying they will invest in the modifications of their buildings.
Lower Downtown Denver (LoDo) was given a face lift over twenty years ago. The Denver living space options were increased with the revitalization of older buildings by changing them into loft apartments, among other projects. This type of urban development has been accomplished in various cities and the economic effects are already occurring in the completed projects.
The impact on Denver living is expected to be similar. The tax bases will be boosted, the occupancies will increase and business will see the beneficial aspects of being in the downtown areas. The city will gain from the project. The Living City Block project has the opportunity to take this project to the next level. When doing so, the building owners will have lower operating costs, their buildings will have higher rates of occupancy and their assets will have an improved value. The tenants who occupy the building will see beneficial aspects as well. The value, all around of the Living City Block will be significantly higher.
When using the environmental context of the Living City Block, it is possible to create efficiency and purchasing power while qualifying the risk and raising the potential for profit. Working with residents, tenants and owners of the buildings, this project can decide on the priority, organize and simplify the process while still looking at all the options. From solar energy to wind energy the same renewable option will be used as on all of the buildings located on the same block.
Those coordinating Living City Block will take care of all aspects that can be used on the project. Continuing to address the benefits, act as the designer and the clearinghouse for all the financial sources and as the means for achieving results using these financial aspects for the project (conventional or alternative, debt/equity, tax credits) will be the first part of a system that will make up the work of the Living City Block.
The project will be totally within the Lower Downtown Historic District and include buildings that were constructed in the early part of the 20th century. The chance to work with the historic preservation committee due to the area where the revitalization will take place, the project will also focus on the fact that energy efficiency can be realized even in historic buildings.
We invite you to please contact New Era Realty with any questions you may have about about the Denver Living City Block at 303.991.9878 or 800.392.1950.
303.991.9878 or 800.392.1950 or you can
