Saturday, April 14, 2007
Lower Downtown's Wynkoop Residences
More information is now available about the residential component of Opus Northwest's 1400 Wewatta mixed-use project on Block 012 in Lower Downtown Denver. The Opus project consists of a 9-story office building fronting Wewatta (1400 Wewatta) and a 10-story office and residential building at 1401 Wynkoop. In Thursday's Rocky Mountain News, John Rebchook provides a more detailed look at the Wynkoop Residences, the residential component atop 1401 Wynkoop (New Luxury Condo Project Unveiled).
Wynkoop Residences will feature 21 units ranging in size from 900 to 2,600 square feet and priced from $450,000 to $1.5 million. Construction on the entire project is underway, and should be completed late 2008.
You may have already seen this rendering of 1401 Wynkoop, showing the residential units on top, from my blog of January 29, 2007:
Below is a sharper view of the Wynkoop Residences from a different perspective. This is the same image shown in the Rocky article, but presented DenverInfill-sized (image courtesy Rocky Mountain News/Kentwood City):
To sign up for more information, visit the project website: www.wynkoopresidences.com.
Wynkoop Residences will feature 21 units ranging in size from 900 to 2,600 square feet and priced from $450,000 to $1.5 million. Construction on the entire project is underway, and should be completed late 2008.
You may have already seen this rendering of 1401 Wynkoop, showing the residential units on top, from my blog of January 29, 2007:
Below is a sharper view of the Wynkoop Residences from a different perspective. This is the same image shown in the Rocky article, but presented DenverInfill-sized (image courtesy Rocky Mountain News/Kentwood City):
To sign up for more information, visit the project website: www.wynkoopresidences.com.
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So as an owner of a downtown condo, i am always curious about these new projects, part of the reason is since i see a flood of new residential units coming in(which is good in a way since downtown is so dead during the day on weekends), but the question i always ask myself is "can denver fill these new places?". So this building is starting out at $500/sqft for 900 sqft!! Prices in denver have trended upwards but it seems we have hit kind of a cieling in the 330-350/sqft range this is a huge jump, add that to the four season residences (if they ever happen) and a few other projects in that range and all of a sudden it seems you have a lot of projects wanting 400-600 /sqft. Meanwhile the fabric of downtown hasnt changed that much, and i dont see how so many people would all of a sudden want to live downtown. In principal I am not complaining about the upwards trend in prices, since i stand to benefit from that trend (my place is litterally one - three blocks from the aformentioned projects), however I just think Denver may be getting ahead of itself on this. Prove me wrong Denver :)
Permalink Posted by 
: 4/15/2007 11:16:00 AM
: 4/15/2007 11:16:00 AM
I agree that the prices of condos/lofts and other residences in/near downtown are going sky high, at least relative to prices of housing elsewhere in most of this metro area. I continue to despair of ever selling my 2400 sq. foot townhouse in Lakewood, in a very good location near future LRT, and being able to afford a decent sized place downtown or in the nearby neighborhoods. I do want to down-size, but not live in a shoe box. However, I was at a "livedowntowndenver" event last night, and the place was packed with other potential residents of central Denver. So the interest seems to be there.
However, if you think downtown Denver is dead during the weekends, I don't think you are paying attention. Particularly on a nice day, along the 16th St. Mall and the Riverfront Commons area, it's hopping with people. And there are usually a few special or sporting events or activities of some sort that draw people to downtown that increase the the energy levels. When I bring out of town guests to downtown on weekends, they are amazed at the activity levels.
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However, if you think downtown Denver is dead during the weekends, I don't think you are paying attention. Particularly on a nice day, along the 16th St. Mall and the Riverfront Commons area, it's hopping with people. And there are usually a few special or sporting events or activities of some sort that draw people to downtown that increase the the energy levels. When I bring out of town guests to downtown on weekends, they are amazed at the activity levels.
Permalink Posted by : 4/20/2007 08:29:00 AM
: 4/20/2007 08:29:00 AM Links to this post:
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