At the end of June and December each year, we provide a summary of development activity within the Downtown Denver area. Today we review multifamily residential projects, followed by non-residential projects (i.e. office, hotel, and civic/other), our 3D Future Skyline feature, and our Tower Crane Census. For our previous development summaries, please look under the Special Features menu above.
As always, our summary covers the area within a 1.50-mile radius of the historic D&F tower at the corner of 16th and Arapahoe, an iconic landmark that marks the geographic center of Downtown Denver. A 1.50-mile radius nicely covers the downtown core area plus the closer-in parts of the downtown-edge districts like Uptown, Five Points, River North, and Lower Highland. Our DenverInfill semi-annual development summaries are a good complement to the Downtown Denver Partnership’s State of Downtown Denver reports, which use the DDP’s official downtown and center city neighborhood boundaries rather than a distance-radius approach.
Townhome-only projects are excluded from this summary, but all projects covered on DenverInfill are shown on our Project Map. View/download a high-resolution PDF version here: Downtown Denver Multifamily Residential Development Summary – June 2018.
Since our last summary in December 2017, five projects totaling 869 residential units have been completed in our survey area, bringing the total number of multifamily homes completed in the Downtown Denver area since the start of the decade to 12,662.
Currently, there are 6,245 residential units under construction in our downtown survey area, down slightly from the 6,502 units that were under construction at the end of 2017. Only three projects broke ground since December: 17th and Pearl, Jefferson View, and Edge LoHi. If all of the projects currently under construction were to completed by the end of 2019, Downtown Denver would gain at least 18,907 multifamily residential units this decade; however, a few of the larger projects that recently started construction may not open until 2020. But if we add in townhomes and adaptive reuse projects (which are not included in our summary totals), then 19,000 is probably still a good estimate for the number of new homes added to the Downtown Denver area this decade.
The number of residential units in the Proposed category, 3,210, is up slightly from our December total of 3,023, while the number of units “In the Pipeline” hovers around 4,500. While the pace of new projects being announced is much slower than a few years ago, there’s still a respectable number of new projects that continue to be submitted to the city for review.