Why downtown Denver needs to add more housing to thrive

Will introducing new housing options help revitalize downtown Denver Developers behind a few major metro projects believe that could be the circumstance During the Sept Denver Metro Commercial Association of Realtors Colorado Commercial Real Estate Symposium at the Denver Art Museum Asher Luzzatto president of The Luzzatto Company discussed plans to convert four downtown office buildings Luzzatto plans to transform the office buildings into residential units and mixed-use spaces creating a neighborhood The company plans to convert the Denver Force Center and the towers at and th Street into multi-use buildings featuring residential retail and amenity spaces including a daycare and art galleries The projects not only address Denver s office vacancy issue but also promote urban density while focusing on sustainability Key priorities include preserving existing structures and materials for sustainability and innovation while maintaining a vision for diverse housing options If we can get people enjoying downtown again we won t have to worry about retail restaurants bars Luzzatto stated All that will come after you get people living there You need that element that Denver s lacking Luzzatto cited density as a factor in New York s quicker rebound post-pandemic Diversity and density are a good thing he commented Luzzatto was one of four speakers during the Colorado Innovates and Competes panel discussing the importance of housing to their projects Matt Mahoney senior vice president of expansion at Kroenke Sports Entertainment and another panel speaker on Sept discussed redevelopment plans for the -acre property surrounding Ball Arena The project will create a new urban neighborhood with mixed-use enhancement including residential and commercial spaces The first phase involves two -story apartment buildings a -story hotel and a roughly -seat concert venue The entire project will include up to new housing units Related ArticlesSeptember Colorado s housing sphere trends Why buyers are scared to act September Sponsored Real estate redux Why s housing territory feels like September Sponsored The hardest move Senior finds a memory care unit with help from her sister and The Steller Group September Sponsored billion worth of homes sit for over days as inventory surges August Sponsored Why a buyer-seller disconnect in July slowed Colorado home sales The goal is to create a space that resonates not only with Colorado Avalanche and Denver Nuggets season ticket holders but also with people who want to live and work downtown It all comes back to place-making Mahoney commented How do we create an ecosystem that resonates Coloradans love sunshine and spending time outdoors so creating trails parks and bridges to build connectivity is vital to create a neighborhood that s ours he declared The news and editorial staffs of The Denver Post had no role in this post s preparation