A hotel, a market, office space… the options for the future of the Historic Union Station Alliance building in Downtown Denver are limitless.  For this reason RTD’s board wrestled to decide which development team to give the thumbs up to in this huge Downtown Denver Development Project.

By a vote of 9 to 5 last week RTD gave the Union Station Alliance team the winning nod to redevelop the Historic Denver Union Station into a Hotel.  All 14 members voted at that committee decision and today the board formal ratifies this decision.

You can read more about the RTD Decision in the Denver Business Journal Article “RTD Prefers Denver Union Station Hotel Proposal” or visit the Union Station Alliance Website for specifics.

For Real Estate Residential owners in the Downtown Denver Lodo and Downtown Denver Riverfront Park condo neighborhoods the hotel offers a potential influx of amenities that commonly surround a restaurant location.

The new Four Seasons downtown, as one example, gave local Denver high rise residents access to the Four Seasons amazing restaurants, bar, and spa.  Nearby neighbor SPIRE, with it’s own high rise amenities and ground floor restaurants and retail added to the Downtown Denver Theater District appeal.

The new historic Union Station Hotel brand is only one component of the total Union Station Neighborhood mix that plans to include its own mix of new restaurants, shops and office space.

The new construction in the Union Station Neighborhood will offer new opportunities in Real Estate as well.  New construction is often a favorite for clients looking to relocate to the Downtown Denver area.  Existing residential projects such as SPIRE, ONE Lincoln, and the Glass House have shown how high rise downtown living is in high demand.

What remains to be seen is how quickly developers choose to pursue new residential towers.  Our investment property clients are enjoying a strong rental market that may well discourage the start of any new residential tower projects and the strong appeal and pricing of SPIRE adds to the competitive landscape.

For our clients looking to acquire a new downtown Denver loft or condo the timing couldn’t be better.  Call any of us at New Era Realty to learn why.

To speak directly with a Denver loft & condo specialist, please call:
303.991.9878 or 800.392.1950 or you can

Tagged as: Denver Condos, Denver Lofts, downtown denver condos, downtown denver lofts, Glass House, New Era Realty, Riverfront Park, SPIRE Denver, union station alliance, union station denver hotel, union station hotel