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
What’s the idea for TOD, one of today’s hottest real estate trends? Build housing units near transit stations, creating an easily accessible, walkable community. With 13 Southeast Corridor stations about to open and 57 more planned for the FasTracks project, these new FasTracks projects are offering developers plenty of opportunities.
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