Staying in the same area as our previous post, it’s only fitting to check in on the progress of The Arbory, a for-sale condo project going up in the City Park West neighborhood. When we last visited this project, it had recently topped out, with no signs of the facade just yet. Fast forward to today, and many of the facade elements are going up, making The Arbory look more complete by the day.
First up, let’s take a quick look around the building as a whole. A good portion of the facade is up on the Park Avenue facing side of the project. The wood-colored paneling adds a unique element to both the project and the area it resides.
Below are a few more photos looking at some closer details of the new facade elements.
Neighborhood density or Downtown density, Denver needs condos, and it’s great to see them get built.
Project Description | Developer | Architect | Contractor |
---|---|---|---|
5 Stories | 41 condo homes | 48 (v) parking | Generation Development | Studio PBA | Generation Constructors |
I am shocked to see a for sale condo development going up. Lived in Denver for 7 years, moved out about four years ago and almost EVERYTHING being built at the time were all apartment buildings. What is the current mix of condo vs apartment development? Denver has such a hyper saturated rental market with barley any condo development to ease rental demand. At least when I lived there.
I feel like I live in the holy grail in my condo. They’re so rare in this city!! That entire cluster of buildings going up in RiNo off Brighton are entirely going to be rentals!
No wonder we have generation rent…..
Also, whoever thought One River North would be better as rentals needs to be barred from the development industry.
10 more of these please
I’m curious what the rainscreen/wood looking siding product actually is. If it’s real wood, the HOA will be drained from maintenance fees. Hope it’s fake wood, and love the look, at least from a distance.
Ugly.
Stop with the rentals and build more condos!
Condos in Denvers urban core are the way to solve the starter home crisis and will help stop the front range sprawl.
I know from recent experience with developers that at least part of the problem is that the condo builder liability laws deter many direct to condo construction projects. The projects being built as apartments now may be converted to condos after 5 or more years.
The other factor is just a pure investment play – depreciation and other expenses offset all of the rental income, which goes back to investors as their initial payback for the investment. Further, the depreciated value of the property is not what is carried on the books as the net value – they can use the market equivalent price, which is astoundingly high right now, and represents a low risk asset for lenders for future projects.
I personally think the housing crisis in part can be solved by building cooperative projects where tenants immediately own their own units. With government guarantees to lenders, the real investment of tax dollars can be extremely low and down payments can be held to a minimum.