Mickey Zeppelin On Denver's Staying Power
The Denver market might see a slowdown eventually, but it's resilient enough that a crash isn't likely. Why Denver's got staying power will be a subject of much discussion at our Denver State of the Market on June 22 at The Ritz-Carlton Denver.
Zeppelin Development president Mickey Zeppelin, who will be a speaker at our event, and who's been a driving force for decades in the redevelopment of Downtown Denver—LoDo, the Golden Triangle, and more recently RiNo—puts the strength of the Denver real estate market nationally at an 8 (with 10 being the best) because of the inflow of people, new tech companies, prices and new construction, among other factors.
On the other hand, Mickey puts Denver at 3 on the same scale (1 is worst) for its humanity. Metrics there include homelessness, the cost of housing, traffic, parking, the quality of architecture, and the improving economic and social status of the community, among other things.
Recently Zeppelin Development acquired a five and a half acre former industrial site on Ringsby Court for the further expansion of its TAXI development. The company has a number of other mixed-use projects underway in RiNo, including a 20k SF expansion of the Source market hall and the introduction of the 100-room Source Hotel, along with Zeppelin Station, a 100k SF retail and creative office development. Both projects are set to open in 2017.