The Streets at SouthGlenn will be a major asset to the City of Centennial

The Streets at SouthGlenn is an upscale redevelopment project currently under construction on the site of the former Southglenn Mall, which opened in 1974. Three decades later, this exciting new development will completely revitalize its surrounding Centennial neighborhoods. The mixed-use project, slated for a Spring 2009 opening, is located in the heart of Arapahoe County near the intersection of Arapahoe Road and University Blvd.

Best Buy, Dick’s Sporting Goods, Staples and a Macy’s Home Store, will be among the first stores to open at the Streets at SouthGlenn next year. A highly anticipated new Whole Foods store is also under construction. Plans for the project don’t end with shopping, though. According to the City of Centennial’s website, the project will ultimately feature a park, fountains, festivals, community events, and concerts.

The Centennial real estate market will be invigorated by this exciting new development. The neighborhoods surrounding The Streets at SouthGlenn will greatly benefit from the added tax revenue and heightened profile. You should also be on the lookout for new residential projects, including Alberta Development Partners’ (the developer of The Streets at SouthGlenn) 200 for-rent luxurious apartment homes, and The Portola, which will consist of both retail space and residential space.

As longtime residents of Centennial, we couldn’t be more excited about The Streets of SouthGlenn. For more information on Centennial real estate, please contact TeamCox Realtors at 303-400-6060. Happy Shopping!

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Colorado Ranked High in CNBC’s, "America’s Top States for Business"

Colorado has been recognized once again as a great place to do business. CNBC revealed its annual list of, “America’s Top Place for Business 2008,” yesterday - Colorado was 5th on the list, following Texas, Virginia, Utah, and Idaho. All 50 states were scored based on a variety of factors, including the cost of doing business, workforce quality, economy, education, quality of life, technology and innovation, transportation, business friendliness, and access to capital.  

This is certainly good news, since a strong Colorado economy is vital to a quick recovery in the Denver real estate market. For more information on the state of Denver’s economy, please contact Team Cox Realtors at 303-400-6060.

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There is Good News about Colorado’s Economy!

If you are like me, you are starting to dread the doom and gloom of the national economic news reports. Well, it’s time to focus on some positive news - both the Denver and Colorado economies have many bright spots, including:

·        The University of Colorado at Boulder’s Leeds School of Business released its annual Business Economic Outlook mid-year update today. While there are a few concerns, including high gas prices and inflation, the report is still optimistic that Colorado will see job growth of 1.5 percent (revised downward from 1.9 percent). The report emphasizes Colorado’s booming energy industry that continues to fuel job growth. CU economists believe that Colorado’s economy will be much less impacted than most states in the midst of a national economic downturn.

·        According to Mayor Hickenlooper’s State of the City address last week, Denver has added 30,000 new jobs and 1,500 new local businesses over the past five years. The Mayor is committed to,” expanding and strengthening our small-business sectors.” Hickenlooper also mentioned that 2007 was Denver’s best tourism year ever – there were a record 12.2 million overnight visitors last year.

·        Metro Denver Economic Development Corporation’s Monthly Economic Summary for June 2008 indicates that many of Metro Denver’s economic indicators are favorable, including a relatively healthy job market and an improving real estate market. Denver’s unemployment rate was only 4.3% in April.

A sturdy Denver economy is key to a strong Denver real estate market rebound. For more information on the state of Denver’s economy, please contact TeamCox Realtors at 303-400-6060.

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Denver Real Estate Market Once Again Outperforms National One

Southlands is one of the Denver Area's Best-Kept Secrets

While traveling along the Denver area’s E-470 tollway used to be rather lackluster, the development of Arapahoe County’s Southlands area has changed the southeastern Aurora landscape for the better. Southlands, which has 1.7 million sq. ft. of shopping and dining space, is a fashionable area nestled along E-470 on Smoky Hill Road. The outdoor mall’s last phase opened in October of 2006. While residents of the Southeastern Aurora communities of Piney Creek and Tallyn’s Reach likely include Southlands in their regular shopping routines, the area is one Denver’s best-kept secrets.

Southlands features an architecturally charming four block main street and community plaza that is reminiscent of trendy urban areas like Bel Mar and Larimer Square. The main area is surrounded by almost every store and restaurant that you can name including P.F. Changes, JC Penney, Babies R Us, Home Depot, On The Border, etc.

Southlands isn’t all about shopping. There are many family-friendly events throughout the year including a summer farmer’s market that runs from May through October and a variety of events during the holiday season. The first annual Southlands 5K Race and Family Run/Walk is coming up on September 15^th. The 5K Race begins at 8 am and the Family Run/Walk starts at 8:30 am.

As the Southlands area continues to grow, real estate in surrounding communities including Tallyn’s Reach will only appreciate. Homebuyers are always attracted to communities that are not only close to conveniences but also nearby more distinctive shopping and dining establishments. The Southlands area is also in the heart of the coveted Cherry Creek School District, which further adds to the area’s overall appeal. The Southlands area takes typical suburban development to a whole new level.

For more information on the Southlands area or other southeastern Aurora communities, please contact TeamCox Realtors.

LoDo Development Creating High Demand and Price Tags for Office Space

Downtown Denver’s office space market in is absolutely thriving, especially in the “LoDo” area. According to a recent article in the Colorado Springs Business Journal, rents in LoDo and the Central Platte Valley, trendy sections of downtown Denver, are running up to $10 higher than those in the Denver Tech Center. Several new existing developments and exciting future plans are fueling this hip area’s growing popularity. 

According to the Downtown Denver Partnership, Downtown Denver’s office space has seen a rate increase of 23% in the past year high-end spaces are now going for more than $30 per sq. ft). There are several new developments in Lower Downtown and Central Platte Valley that will be adding more than two million square feet of office space including new offices on Wewatta Street, Wynkoop, Larimer and Blake Street. 

Sunshine Development of Colorado Springs is planning a $175 million project just north of Denver’s Union Station on Wewatta Street. The Denver Post and Colorado Springs Business Journal have broken the news that the firm is planning the 1.83-acre development that will include offices, shops, restaurants and even a boutique hotel. It is expected that the project will meet Leadership in Energy and Environmental Design (LEED) standards. Construction is slated to begin in 2009. This is exciting news for the already thriving neighborhood surrounding Union Station. 

It is obvious that LoDo continues to be a great investment opportunity for buyers not only searching for properties near their downtown offices, but close to Denver’s trendiest restaurants, shopping and nightlife. For more information on up and coming areas in the Denver real estate market, please contact TeamCox Realtors. Click here to search for homes in LoDo.

Neighborhoods Surrounding New Medical Center Prime Target for Real Estate and Revitalization

Exciting things are in store for the neighborhood surrounding the new Anschutz Medical Campus, which sits on the site of the old Fitzsimons campus in Aurora. In June, the top-ranked University of Colorado Hospital completed a monstrous move to Aurora’s new Anschutz Medical Campus. This will be followed by the Children’s Hospital’s relocation to the campus this fall. These moves will have an extraordinary economic impact on the area surrounding the former Fitzsimons Army Medical Center.

The Anschutz Medical Center, which sits on the site of the former Fitzsimons campus near I-225 and Colfax, is already breathing new life into the once stagnant area. Denver’s 9News recently reported that neighborhood businesses on and around Colfax Ave. are already seeing economic gains from the recent influx of the University of Colorado Hospital’s employees. The medical campus alone is eventually expected to be employ more than 66,000 people when it is fully completed.

There are also formal plans to revitalize the area with the development of Fitzsimons Village, a 32-acre mix of residential housing, hotels, shops and office space. According to a recent article in The Denver Post, Denver hotel developers and an investment group are planning the $400 billion project that will be connected by a bridge to the campus. Construction is slated to begin at the beginning of 2008 and be completed within six years.

The revitalization means great things for the surrounding Denver and Aurora real estate markets. Lowry, and other communities that are close to the Anschutz Medical Campus, will be a prime target for the thousands of well-paid employees wanting to live near the campus. Please contact TeamCox Realtors for information on finding a property in this up and coming Aurora neighborhood.

New Palazzo Verdi Office Building and LEED-Certified Home Preview the Future

TeamCox Realtors recently completed both the EcoBroker Energy Advantage and the Environmental Advantage Courses, which gives us a greater appreciation of environmentally friendly real estate projects. Two eco-friendly projects that deserve recognition are Greenwood Village’s new Palazzo Verdi, a new Class AA, 15-story, LEED Certified office building, and McStain Neighborhood’s new LEED-certified home at Stapleton.

Palazzo Verdi, which is located in the prestigious Greenwood Plaza Office Park, is our new neighbor since it is next to the Re/MAX Masters office, the Plaza Tower One Building at 6400 S. Fiddler’s Green Circle. Our newfound knowledge gives us a much better understanding of how the Palazzo Verdi will function beyond the capabilities of the beautiful Plaza Tower One Building, which was built in 1985. The high-performance Palazzo Verdi masterpiece will be proudly performing well into the next century. Light rail access immediately out the back door compliments the Palazzo Verdi’s beautiful exterior and built-green concept. This is what Denver’s office space will look like in future. Up to 285,000 GSF of office space is available for lease and occupancy in the first quarter of 2008.

On the residential side, McStain Neighborhoods recently completed the first LEED-certified home at Stapleton, which is one the most environmentally friendly homes in the Denver area. The LEED home, which stands for Leadership in Energy and Environmental Design, features many upgrades including plumbing that conserves water, low-maintenance landscaping, tightly sealed framing and drywall and a natural ventilation system. The 2,872 sq. ft. home is priced at $621,562.

According to some experts, LEED homes, which are slowly catching on with the homebuilding industry, have an energy savings of up to 45 percent. Having completed the real estate ECO-brokers Energy Advantage Course as well as the Environmental Advantage Course, I truly believe the most energy efficient homes are the homes that buyers are willing pay a premium price to own. What is now being written as a new trend will almost certainly be a "very normal home" in 2015!

For more information on environmentally friendly real estate projects, please contact TeamCox Realtors at bonnie@teamcox.com.