The Train to the Plane – Will it impact property values?

Wednesday, May 18th, 2016

Denver FasTracks had been slated for completion by 2019, but has been moved to 2040; however, it is already impacting our lives in many different ways. If you would like to read about where the tracks are going and the progress being made, check out http://www.rtd-fastracks.com/main_1.  Here is a great map of the existing and planned tracks:  http://www.rtd-fastracks.com/media/maps/index.html. The organization Citizens for Finishing Fas Tracks formed as a watch dog group to hold RTD accountable and make sure they spend the funds allocated from 2004 ballot measure in a fair and reasonable manner.

Most Bikeable Cities

Friday, June 26th, 2015

Capture3Denver continues to invest in walkable, bike-friendly infrastructure, and has landed the No. 4 spot on Walk Score’s (an apartment listing company owned and operated by Redfin Corp.) new “Most Bikeable Cities 2015” ranking, which gave Denver a 71.3 bike score, up 1.8 points from last year.

The ranking came just in time for Denver’s official Bike to Work Day on Wednesday, June 24.

To compile the ranking, Walk Score analyzed 154 cities,10,000 plus neighborhoods, and ranked the cities with 300,000 or more.

The ranking’s top 10 most bikeable cities were:

Minneapolis. 81.3.

SanFrancisco. 75.1.

Portland. 72.0.

Denver. 71.3.

Boston. 70.3.

Chicago. 70.2.

Washington D.C. 69.5.

Sacramento. 68.9.

Tucson, Arizona. 67.9.

Philadelphia. 67.5.

Cities were scored on a scale of 0-100 based on four equally weighted components:

Bike lanes

Hills

Destinations and Road Connectivity

Share of Local Workers’ Commutes Traveled by Bicycle

Denver’s Suburbs

Saturday, June 20th, 2015

iStock_000025547640_MediumIf you’re wanting to escape Denver’s climbing rent prices (at least a little), but still want to enjoy all that Denver has to offer, Denver’s suburbs have a lot to offer.

In fact, many are connected to downtown by the Regional Transportation District’s 122 miles of rail track, and are full of their own restaurants, trails, and parks.

Moyoto, a California-based real estate brokerage firm, recently released a new ranking which analyzes the best metro suburbs for young, career-driven professionals.

To compile its ranking, Movoto analyzed the following factors:

Percent of Residents Ages 22-29
Professional Opportunities
Amenities Per Capita
Cost of Living

Here were the results of the top ten (out of 21 analyzed suburbs):

  1. Louisville
    Rank: 18
    Professional Opportunities Rank: 5
    Amenities Rank: 6
    Cost of Living Rank: 16
  1. Greenwood Village
    Rank: 19
    Professional Opportunities Rank: 3
    Amenities Rank: 1
    Cost of Living Rank: 21

RTD Update

Friday, November 14th, 2014

Parking is changing at five lots along the West rail line, the Regional Transportation District’s newest rail line.

RTD, which launched a pay-for-parking program in 2009, started charging for parking at five of the 11 stops along the West line, which runs from Golden to Denver Union Station.

The paid parking program covers 38 of its Park-n-Ride lots. The remaining 40 parking lots are free for all drivers. The program brings in about $1 million a year in revenue, although most of that money is reinvested in the system.

RTD charges $2 per day, after the first 24 hours, for cars registered within the mass transit agency’s district. The first 24 hours are free for cars registered at addresses within RTD boundaries.

Vehicles registered at addresses that are outside RTD’s district have a $4 per day fee.

The West line lots that RTD added to its existing parking program are the:

Eagle P3 Project

Wednesday, October 2nd, 2013

The Regional Transportation District’s Eagle P3 project is about half finished. Here are some questions and answers about the project:

What is the Eagle P3?
It’s a $2.2 billion project to build about one-third of the larger $7.4 billion FasTracks program to open 122 miles of rail to commuters throughout Denver.

How many miles will this specific project cover?
The Eagle P3 will build 40.2 miles of track on three lines. Check out these links for a visual: East Rail Line, Gold Line,Commuter Rail Maintenance Facility and Northwest Rail Line Westminster segment.

When will the project be completed?
The Eagle P3 Project is already in full construction along the East Rail Line, the Gold Line, and the Westminster segment of the Northwest Rail Line. The entire project is scheduled for completion in 2016.

The light rail has historically helped real estate values rise.  Click here for another blog on this topic:  Denver’s Light Rail May Raise Property Values

FasTracks and TOD

Monday, May 27th, 2013

Now that the West Rail has opened, historic Denver Union Station is the next major FasTracks project in line. It will be ready sometime in 2014. “The West line is an example of how things are moving forward here in Colorado,” Gov. John Hickenlooper said during a speech to a large crowd.

Each new rail line is a catalyst for Transit-Oriented Development (TOD) in metro Denver, and the impact the rail expansion will have on the entire metropolitan area is significant. Less traffic congestion and more commuting options will improve the region’s quality of life and make Denver that much more attractive to current and potential businesses and residents. Moreover, light rail has historically helped real estate values rise. Click here for a blog on this topic: Denver’s Light Rail May Raise Property Values

TOD Clear Creek Transit Village

Monday, December 3rd, 2012

The TOD Group, a New Orleans-based company, is in discussion with national builders to construct up to 1,125 apartments, town homes and condos on a 21 acre development just north of Denver.

This TOD will stand out both regionally and nationally because of the abundance of natural amenities surrounding the site. An integrated landscape will ensure that the development and its natural surroundings exist in harmony. The Clear Creek Transit Village, the name of the TOD, will also facilitate and maximize public access to Clear Creek, Federal Station and the Clear Creek pedestrian and bicycle trail that connects to an 80 mile regional trail system.

Clear Creek:

The Clear Creek Trail is 19-miles long and links up with Denver’s 80-mile urban trail system. Biking, walking, kayaking, and bird-watching are some of the many benefits Clear Creek has to offer.

Lake Sangreco:

Denver’s TOD Fund

Monday, November 12th, 2012

The city of Denver has a Transit Oriented Development Fund which will generate and preserve at least 1,000 affordable homes for the areas along the existing and future transit corridors. With new transit station openings approaching, $15 million is available to buy and hold sites, which are within one-half mile of fixed-transit stations or one-quarter mile of high frequency bus stops.

Denver is in the midst of adding five light rail lines to their existing three so the fund has proven necessary to meet the demands of the nation’s largest current public transit expansion. This fund is a partnership effort between government, quasi-governmental organizations, banks, nonprofit organizations, and foundations.

South Lincoln Homes Redevelopment

Sunday, October 28th, 2012

The redevelopment of the South Lincoln Homes near the light-rail stop at West 10th Avenue and Osage Street marks the Denver Housing Authority’s first venture into the new West Corridor light rail line. DHA’s goals for this redevelopment include transforming the 18-acre site into a transit oriented development with the following benefits:

  1. An integration of planning, design, and operations that promote economic, environmental, and social vitality
  2. A promotion of a healthy lifestyle
  3. A combination of artistic and educational opportunities for the diverse mix of new and existing residents
  4. A spectrum of housing options
  5. Closeness to downtown including Denver Health, The Union Station, and the Auraria campus

Once completed in 2018, South Lincoln will feature 800-900 new residential units complimented with space for retail, office, and a variety of community services creating a long awaited for transit oriented community.