2017 is going to be an eventful year for the Southeast suburbs, both for real estate demand, and the growth and improvement of its cultural amenities, which will add to the sense of place that tenants and their employees want.
United Properties SVP Kevin Kelly, who will be a speaker at our Future of Southeast Suburban Denver next month, told us development won't be as active next year. In particular, spec development will slow down since the major banks have put the brakes on financing on spec office development.
"Leasing activity depends on the state of the economy and the confidence of tenants on future economic growth," Kelly said. "The leasing market was slower for most of this year up until the election. Post-election leasing activity has picked up considerably now that tenants have more certainty in who will lead our government. So at least early 2017 looks good for new tenant demand."
Museum of Outdoor Arts CEO Cynthia Madden Leitner, who will also be a speaker at our event, told us in 2017, the museum is developing a plan to completely renovate Marjorie Park, which it owns along with Fiddler’s Green Amphitheater. (Pictured below: the museum's main gallery.)
"In 2014, the museum and Anschutz Entertainment Group, the lessee of the amphitheater, renovated Fiddler’s Green," she said. "The upgrade of Marjorie Park will afford more space—with the mitigation of the pond—for installation of sculpture and performance presentations as well as festivals and community entertainment offerings."
In planning for a more prominent role in creating arts events and exhibitions for the southeast community, the Museum of Outdoor Art is working with the Greenwood Village Arts and Humanities Council to present prominent public arts exhibitions in Greenwood Village Westlands Park, west of the Greenwood Athletic Club, beginning in fall 2017.
The museum is also working with John Madden Co to install five major rotating pieces of sculpture by Denver artists on Fiddler’s Green Circle in spring 2017. The installation is part of the museum’s nationally recognized program Design and Build.
Want to hear more about the Southeast market in '17? Kick off the new year with our third annual Future of Southeast Suburban Denver on Jan. 11 at the Denver Marriott South at Park Meadows, beginning at 7:30am with schmoozing and fine breakfast foods.
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