Can Downtown Denver Remain A Millennial Magnet?

Denver's become a world-class city seemingly overnight, but with that distinction come a few world-class challenges, especially Downtown. Come hear more about them, and possible solutions, at our Future of Downtown Denver event Sept. 21.

Courtesy of Chad Ellington

Peak Development Group principal Chad Ellington, who will be a speaker, tells us the affordability of housing is the market’s single biggest challenge going forward. "We urgently need construction defect reform at the state level that will allow and spur more affordable, for-sale condo developments in the desired urban areas of the city," he says. Chad's snapped at the X @ Sloans construction site with his son Boden.

Courtesy of Peak Development Group

In short, Denver's at risk of joining other high-priced markets whose reputation might discourage talented Millennials from moving there. "We don't want our reputation to become 'unaffordable' to people and companies that look to relocate here,” Chad says. Peak's 58-unit X @ Sloans broke ground in May, with completion slated for next summer.

Hear more from Chad and our other experts at the Future of Downtown Denver, beginning at 7:30am Sept. 21 at 1660 Lincoln, a Downtown tower that Unico Properties has recently renovated.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Denver Newsletters
Related Stories

Mountain Developers Look To Mobile Homes, Deed Restrictions For Affordability Solutions

Developer Seeks Permit For Denver Energy Center Conversion Project

Fertility Provider Opens Clinic At 1900 Lawrence Office Tower: The Denver Deal Sheet

Lender Requests Receiver For X Denver Apartment Building Near Coors Field

'We Aren't Competitive': Power, Taxes Keep Colorado On The Data Center Sidelines

Nearly 35K SF Shopping Center Sells For $8.5M: The Denver Deal Sheet

Racing To The Finish Line: How Early Prefabrication Keeps Projects On Time

Greystar Sells Denver Apartment Building For $110M

Downtown Denver's Office Vacancy Is Still Above 30%. Reviving It Will Take A 'Big Investment'

Wellness Spa Proposed At Former Greyhound Site: The Denver Deal Sheet

Aerospace And Defense Company Opens 60K SF Facility In Arvada

Local Coffee Shop To Open Third Location: The Denver Deal Sheet