Downtown Denver Partnership

7,
0
00
915,000
DENVER’S
RESIDENTIAL UNITS DOWNTOWN
PROJECTED GROWTH RATE
UNDER CONSTRUCTION
PLANNED
OR
COLORADO CONVENTION CENTER
in
5X
DOWNTOWN & CITY CENTER NEIGHBORHOODS
% in DOWNTOWN’S $636,000,000 NATIONAL GROWTH RATE
ATTENDEES IN 2012
142
GROWTH
IN INVESTMENT
RESIDENTIAL POPULATION
Since 2000
through
152 PARKS
ACRES OF
3,200,000 FT RETAIL SPACE IN THE PAST YEAR DOWNTOWN DENVER
DOWNTOWN
DENVER
{IN}
60%
OF
DOWNTOWN EMPLOYEES
USE TRANSIT,
BIKE, WALK
CARPOOL
to work
OR
DON’T
of
–2013–
RESIDENTS
OWN A CAR
PROJECTS COMPLETED
of
STATE
25%
2
DOWNTOWN DENVER
{IN}
OVER
ATTEND inCLASSES
RESIDENTS
$
76,263
6/10 DOWNTOWN RESIDENTS AVERAGE INCOME
have a
AND
DOWNTOWN
DENVER
65,
9
74
STUDENTS
CITY CENTER NEIGHBORHOODS
55,000
For
27.1
115,020 MILLION
EMPLOYEES
DOWNTOWN
BACHELOR'S DEGREE
SQUARE FEET
in
OR HIGHER DENVER DOWNTOWN DENVER OFFICE SPACE
[OF]
HOUSEHOLDS
The
The
STATE
of
of
DOWNTOWN DENVER
TABLE OF CONTENTS
Introduction Letter.................................................. 1
Notable Rankings................................................... 3
Downtown Area Plan............................................. 4
Development & Investment............................6–7
Office Market.................................................... 8 –9
Employers & Employees................................ 10–11
Residents......................................................... 12–13
Retail & Restaurants..................................... 14–15
Students & Universities............................... 16–17
Transportation............................................... 18–19
Environment......................................................... 20
Tourism ................................................................. 22
Culture, Entertainment, Sports, & Events....... 2 3
Board of Directors .............................................. 25
Dear Downtown Denver Stakeholder,
The Downtown Denver Partnership is pleased to publish the third annual State of Downtown
Denver, a fact-driven report that provides timely, objective and accurate data about
Downtown Denver. We are proud to continue our partnership with Newmark Grubb Knight
Frank and deliver the most complete statistics and analysis about Downtown Denver.
After just a few minutes reviewing the information in this report, it quickly becomes
clear that Downtown Denver is the hub of the Rocky Mountain region and that our hub is
growing. Downtown Denver is an office for over 115,000 employees with 675,000 square
feet of office space currently under construction. Downtown Denver is home to 17,500
residents, a 142% increase since 2000. Downtown Denver is a classroom to over 55,000
students where at least $254 million has been invested to enhance the educational
environment. All in all, there are currently 26 projects under construction, representing
approximately $1.8 billion in investment from both the public and private sectors.
Turn the page and read the facts, figures and case studies in this report that showcase
the current state of Downtown Denver. And when you are ready to make an investment in
Downtown Denver, we invite you to reach out to us at www.downtowndenver.com.
Sincerely,
Tamara Door Elbra Wedgeworth
President & CEO
Chairwoman
Downtown Denver Partnership
Downtown Denver Partnership
{1}
{2}
NOTABLE RANKINGS
BEST
2ND
2ND
CITY FOR SMALL
BUSINESS EMPLOYEES.
FASTEST GROWING LARGE CITY
IN THE U.S.
SAFEST FEELING METRO AREA
TO WALK THE STREETS.
(CardHub, 2013)
(U.S. Census Bureau, 2013)
(Gallup, 2013)
3RD
3RD
3RD
MOST ACTIVE
RESIDENTS.
BEST CITY FOR
SMALL BUSINESSES.
BEST CITY IN THE WORLD
FOR OIL & GAS CAREERS.
(Travel + Leisure, 2012)
(Business Journals, 2013)
(Rigzone, 2013)
3RD
4TH
5TH
BEST CITY FOR
RECENT COLLEGE GRADS.
BEST CITY FOR
JOB SEEKERS.
MOST LITERATE
CITY.
(Nerdwallet, 2013)
(Forbes, 2013)
(Central Connecticut State University, 2013)
5TH
6TH
6TH
HEALTHIEST
METRO AREA.
BEST CITY FOR
TECH STARTUPS.
BEST CITY
IN AMERICA.
(American College of Sports Medicine, 2013)
(Entrepreneur Magazine, 2013)
(Businessweek.com, 2013)
6TH
6TH
8TH
LEAST OBESE CITY
IN THE U.S.
BEST CITY FOR
CLEAN TECHNOLOGY.
BEST LARGE CITY FOR
YOUNG ENTREPRENEURS.
(Gallup, 2013)
(CleanEdge, 2013)
(Under30CEO, 2013)
8TH
9TH
9TH
BEST CITY FOR
ACCOUNTING JOBS.
BEST CITY FOR
FEMALE ENTREPRENEURS.
BEST CITY FOR ACCESS TO JOBS
VIA PUBLIC TRANSPORTATION.
(LedgerLink, 2013)
(Forbes, 2012)
(Brookings, 2013)
TOP 5
TOP 10
TOP 15
BEST CITIES FOR
YOUNG ADULTS.
CITIES FOR
URBAN FORESTS.
EMERGING
DOWNTOWNS.
(Kiplinger’s, 2013)
(American Forests, 2013)
(Forbes, 2013)
{3}
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STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
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Auraria, Auraria, Lower Downtown (LoDo), Commercial Core, Cultural Core, Golden
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Triangle, Arapahoe Square and Ballpark.
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City Center Neighborhood Boundaries
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Central Platte Valley Prospect, Central Platte Valley Commons, Central Platte Valley
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comprised of the following planning districts set forth by the 2007 Downtown Area Plan:
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The City Center area includes Downtown Denver and its surrounding residential
neighborhoods. Its boundaries extend beyond the Downtown Denver boundary to include
the following neighborhoods: Highland, Ballpark, Curtis Park, Five Points, Uptown,
Capitol Hill, La Alma/Lincoln Park and Jefferson Park.
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The map above illustrates the boundaries of Downtown Denver. Downtown Denver is
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{4}
EER
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• Sustainable Use of Resources
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• A Rejuvenated Civic Center
ON
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• An Outdoor Downtown
W
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Green
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Arapahoe Square
TH
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GOLDEN
TRIANGLE
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Downtown Denver Boundaries
W
• Downtown’s New Neighborhood:
TH
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W
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• An International Downtown
ST
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Neighborhoods
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20
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• A Family-Friendly Place
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• Downtown Living
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Diverse
AURARIA
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9TH
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AURARIA
STATE
CAPITOL
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• Grand Boulevards
E
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RTD
CIVIC CENTER
STATION
CULTURAL
CORE
13TH ST
GA
• Park the Car Once
26
DENVER
PERFORMIN
ARTS COM G
PLEX
COLORADO
CONVENTIO
N
CENTER
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CO
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14TH ST
12T
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PEPSI
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• Bicycle City
TH
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• Building on Transit
BLVD
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16TH ST MALL
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Environment
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COMMERCIAL CORE
15TH ST
• An Outstanding Pedestrian
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COMMONS
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20TH ST
19TH ST
EN
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• Clean and Safe
Walkable
19TH
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SQUARE
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• A Comprehensive Retail Strategy
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• Energizing the Commercial Core
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TH
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Mountain Region
TH
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PROSPECT
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• The Downtown of the Rocky
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Prosperous
29TH ST
strategies guiding Downtown Denver are:
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M
BRIGHTO N
BLVD
30TH ST
Denver one of the most livable places in the world. The vision elements and accompanying
W 29TH ST
ST
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TS
LD
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MA
AR
KIN
SC
T
31ST ST
WESTO N
ST
ST
31ST ST
Denver. The Downtown Area Plan outlines the major components to make Downtown
E
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32ND ST
TH
26
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3R
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E
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OR
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32ND ST
31ST ST
TE
33RD ST
Area Plan with an updated vision and set of goals and recommendations for Downtown
GIL
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In 2007, the public and private sectors came together to build upon the 1986 Downtown
MS
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{5}
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
DEVELOPMENT AND INVESTMENT
Downtown Denver is buzzing with construction activity. Between July 2012 and July 2013,
10 projects were completed, representing over $636,000,000 of investment and over 2.2
million square feet of additional or re-purposed space in Downtown Denver. Currently,
there are 26 projects under construction. Fifteen of these projects have a residential
636,000,000
$
component; when completed, Downtown Denver will have over 2,800 additional units for
residents. In addition to projects completed in the past year and those currently under
construction, many more projects are being planned in Downtown Denver. The following
map shows projects completed since 2007, as well as projects under construction and
planned for development.
{6}
IN THE PAST YEAR
I
W
ST
N
SO
CALIFORNIA ST
ON
I
AR
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18
IN
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OG
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AS
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The number of housing units currently under construction is just under the total number of housing
units completed since 2007.
D
TH
19
N
STOUT ST
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GO
ST
E
A
FR
GO
AR
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T
16 of the 55 projects completed since 2007 are located in the Commercial Core.
EN
IN
LP
GI
GLENARM PL
LAWRENCE ST
LARIMER ST
WALNUT ST
CURTIS ST
BRIGHTON BLVD
E RD
BLAKE ST
27TH ST
ILL
E
AV
TH
24
Downtown Denver Development Since 2007
28TH ST
EV
25
E
27TH ST
WESTON ST
29TH ST
O
GL
29TH ST
AR
KIN
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30TH ST
W 29TH ST
E
AV
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Half of the 26 projects currently under construction are in the vicinity of Denver Union Station.
24TH ST
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GLENARM PL
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Map is not inclusive of all proposed
developments.
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10
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ForH AVadditional
information, please visit
9T
W
www.downtowndenver.com.
13
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Source: Downtown Denver Partnership
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{7}
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• Completed development
• Development under construction
• Planned development
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DENVER UNION
STATION
ST
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9TH
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72
DENVER
PERFORMING
ARTS COMPLEX
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13
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L
TT
COMMERCIAL CORE
25
CHERRY CREEK TRAIL
17
PE
18TH ST
LODO
15TH ST
AN
E
AV
EM
19
19TH ST
TH
E
ST
LO
ST
LI
RA
VE
N
E
E
AV
ST
47
ON
KS
E
AV
IA
AN
LV
SY
N
N
18TH ST
CENTRAL
PLATTE VALLEY
COMMONS
TH
20
TH
19TH ST
E
E
PE
20TH ST
G
19TH S
T
ST
N
DE
21ST ST
G
OG
2
ON
GT
N
HI
AS
W
W
60
COORS
FIELD
IN
AR
CL
ST
BALLPARK
AY
DW
OA
BR
CA
WEWATTA ST
ST
IN
ST
N
N
FO
X
RO
CURTIS ST
22ND ST
HU
DO
W
ST
ST
ARAPAHOE
SQUARE
TH
N
IO
AR
M
X
FO
CENTRAL
PLATTE VALLEY
PROSPECT
CALIFORNIA ST
PARK AVE
17
V
AVE
IAD
SEM
INOL
E RD
E
AV
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
OFFICE MARKET
Downtown Denver has a total of 27.1 million square feet of office space. Office vacancy fell sharply from a high of 18.3% at the end of 2009
to 13.8% by mid-2013, compared to a 17.0% vacancy rate in Denver’s suburban office market and to higher vacancy rates in other U.S.
downtowns. With vacancy rates dropping, the market is responding not only with increasing lease rates of $26.50/sf from $24.35 in 2012,
but also by constructing additional office space. A total of 675,000 square feet of office space is currently under construction throughout
Downtown Denver, with approximately 1.2 million square feet of office space planned to be developed in the next several years.
Office Inventory Under Construction & Planned for Development
Project Name
Status
Square Feet
Projected Completion Date
1601 Wewatta
Under Construction
283,000
2015
16M
Under Construction
130,000
2014
Denver Art Museum Office Building
Under Construction
50,000
2014
IMA Financial Center
Under Construction
102,000
2013
One Union Station
Under Construction
110,000
2014
16 Chestnut
Planned
320,000
2014
16th & Wewatta
Planned
65,000
2014
Triangle Building
Planned
220,000
2014
17 Wewatta
Planned
60,000
2015
Historic Windsor Dairy Block
Planned
325,000
2015
Wewatta Plaza
Planned
200,000
TBD
Major Office Building Sales Since July 2012
Square
Feet
Price Per
Square
Foot
Sale Date
1001 17th Street
$217
655,000
$331
Fall 2013*
1660 Lincoln
$38
283,544
$134
July 2013
1700 Broadway
$98
394,151
$249
May 2013
1999 Broadway
$183
680,277
$269
May 2013
1625/1675 Broadway
$176
770,221
$229
April 2013
1331 17th Street
$70
218,906
$320
April 2013
Building Address
*As of print date, sale expected to close Fall 2013.
List includes sales of properties over 200,000 square feet.
{8}
INVESTORS
CONTINUE
DRAWN
TO BE
Approx.
Sales Price
(in millions)
To
DOWNTOWN
DENVER
Sources: Denver Business Journal, Denver Post, Newmark Grubb Knight Frank Research, Downtown Denver Partnership, Denver Infill
Downtown Office Market Balance
Percentage
1,500,000
19.0%
1,000,000
17.0%
500,000
15.0%
0
13.0%
-500,000
11.0%
YEAR-TO-DATE
ABSORPTION
In 2013
175,000
WAS
Square Feet
SQUARE FEET
9.0%
-1,000,000
2004
Supply
2005
Absorption
2006
2007
Vacancy
2008
2009
2010
2011
2012
2Q13
Source: Newmark Grubb Knight Frank Research
SPOTLIGHT: Downtown Denver’s Oldest and Newest Neighborhood
Denver Union Station is again a hub of commercial activity in
new buildings. However, from 4Q08 to 2Q13, these new buildings
Downtown Denver, spurring significant office development in the
drove absorption totaling almost 900,000 square feet.
Lower Downtown, or LoDo, neighborhood. When it first opened
LoDo’s current inventory has swelled to 3.9 million square feet,
in 1881, Denver Union Station provided a rail hub for Denver,
and vacancy stands at 8.3%, the lowest of any Denver submarket
supporting the thriving frontier town in the relatively new state
or micromarket. LoDo’s Class A rental rates have risen to
of Colorado.
$34.00/sf—the highest in the Denver market. As elements of the
However, by the mid-twentieth century, the declining popularity
new Union Station begin to open in 2014 and surrounding office
of rail travel reduced Denver Union Station to a relic, leaving
developments are completed, Denver’s oldest neighborhood is
LoDo full of dilapidated commercial buildings. By the late 1980s,
again entering a new phase.
pioneer businesses such as the Wynkoop Brewery opened and
old warehouses were converted to hallmark LoDo ‘brick and
timber’ office buildings. The opening of Coors Field in 1995 drew
thousands to the neighborhood’s growing retail amenities.
Prior to 2008, LoDo’s 2.7 million square feet of office space was
home to mostly creative firms drawn to the neighborhood’s nontraditional space. LoDo enjoyed low vacancy of around 6% from
2005 to 2007. By 4Q09, vacancy climbed to 26.4% due mainly to
the delivery of over 1.1 million square feet of partially occupied
{9}
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
EMPLOYERS & EMPLOYEES
Downtown Denver serves as the Rocky Mountain region’s
Number of Employees in Downtown Denver*
employment hub, with 115,020 employees in 2012—2.4% more
116,000
employees than in 2011. The largest industries in Downtown
114,000
Denver are Professional and Business Services (31%),
112,000
Government (20%), Leisure and Hospitality (15%) and Financial
110,000
Activities (12%)*.
108,000
Since September 2012, many companies have decided to
104,000
106,000
relocate or expand into Downtown Denver. Canada Goose
chose Denver for their U.S. headquarters and Newalta Corp.
announced that they will open their first Colorado office in
Downtown Denver. In addition, other companies that made
2009
2010
2011
2012
*Numbers reflect fourth quarter covered employment (Jobs covered
by unemployment insurance as reported in the QCEW. These positions
represent the vast majority of total employment, although the selfemployed, some agricultural workers, some domestic workers, and several
other categories of workers are excluded).
the decision to locate in Downtown Denver in the past year
include: McGraw Hill, PIXIA, OnDeck Capital, SwiftPage, Seven
Step RPO, Halcón Resources Corporation and Resource
Land Holdings.
SPOTLIGHT: Competitive Startups Are Focusing
on Downtown Denver
Downtown Denver is a hub of high quality resources for
DENVER
IS UP
DOWNTOWN
IN THE PAST YEAR
AND UP
2.4% 5%
EMPLOYMENT IN
SINCE 2010
innovators, budding entrepreneurs and startup companies
through great facilities like Galvanize and support from
academic institutions. Additionally, Downtown Denver’s
urban environment is attractive to prospective startup
employees looking to work and live in a vibrant, highly
educated and accessible location. The energy and support
Supply
Characteristics of Downtown Denver workers:
Age
• 20% are 29 or younger
• 61% are between 30 and 54
and Built in Denver are intensifying the entrepreneurial
community’s interest in Downtown Denver with multiple
startups moving their offices to Downtown Denver in the
last year.
• 19% are 55 or older
Gender
• 53% Male
• 47% Female
Race/Ethnicity
• 74%—White (not Hispanic or Latino)
• 14%—Hispanic or Latino
• 6%—Black or African American
• 3%—Asian
• 3%—Other or more than one race
{10}
Source: Newmark Knight Frank Frederick Ross
from events and organizations like Denver Startup Week
Sources: U.S. Census, Longitudinal Employment Household Dynamics, Quarterly Census of Employment and Wages, Denver Post, Denver
Business Journal, Metro Denver Economic Development Corporation, Rigzone
Downtown Denver’s Role in the Metro Region
Downtown
Sample jobs in Downtown
Denver’s largest industry:
• Attorney
• Marketing Professional
• Researcher
• Private Investigator
• Software Developer
• Graphic Designer
Denver was ranked the
third best city in the world
for oil and gas jobs, according to Rigzone, a leading
industry publication.
While the Education and
Health Services industry
only accounts for 2% of
Downtown Denver’s jobs,
it was the fastest growing
industry in 2012.
Metro Denver
31%
PROFESSIONAL
& BUSINESS SERVICES
18%
20%
GOVERNMENT
15%
15%
LEISURE
& HOSPITALITY
11%
12%
FINANCIAL ACTIVITIES
7%
7%
NATURAL RESOURCES
& CONSTRUCTION
5%
4%
INFORMATION
4%
3%
WHOLESALE
& RETAIL TRADE
15%
2%
OTHER SERVICES
4%
2%
EDUCATION
& HEALTH SERVICES
12%
1
%
TRANSPORTATION,
WAREHOUSING
& UTILITIES
3%
1%
MANUFACTURING
6%
{11}
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
RESIDENTS
New residents are moving to Downtown Denver and its surrounding neighborhoods in record numbers. Downtown Denver’s residential
population is projected to grow by almost 18% in the next five years and Downtown’s City Center neighborhoods are projected to grow by
12%. Recent Census data shows that the City of Denver grew by 5% between 2010 and 2012, making it the second-fastest-growing large
city (population over 500,000) in the U.S.
Downtown Denver’s residential real estate market reflects this strong population growth. As of August 2013, over 7,000 residential units
are under construction or planned in Downtown Denver and City Center neighborhoods, apartment vacancy rates are near record lows
and the residential real estate market is surging.
Downtown Denver Rental Rates
Downtown Denver Historical Apartment Vacancy Rate
1,256 1,405
$
$
25
20
15
10
5
AVERAGE RENT
0
For
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012*
*Q4 vacancy rate not included due to incomplete data
Amenities Elevate Downtown Denver’s Quality of Life
Residents who live in and around Downtown Denver enjoy
AVERAGE RENT
For
STUDIO
ONE-BEDROOM
APARTMENT
APARTMENT
Walk, Bike and Transit Scores of
Downtown Neighborhoods
a high quality of life. Downtown and City Center Neighborhoods
Average
Walk Score
Average
Transit Score
Average
Bike Score
Downtown
Neighborhoods
87
82
88
City Center
Neighborhoods
83
67
91
are easy to get around on foot or by bike and have the best
access to public transportation in the entire Denver metro
region. The neighborhoods in and around Downtown Denver
have the highest walk, bike and transit scores in the City
of Denver.
In the past year, two new amenities were announced that
will further enhance the quality of life for Downtown Denver
residents. Students in grades K-5 will be able to attend the
Downtown Expeditionary School beginning in the 2013/2014
school year. A new King Soopers will open in the 20th and
Chestnut project near Denver Union Station in late 2014,
providing Downtown residents and commuters a full-service
grocery store in a convenient location.
{12}
Scores out of 100, with 100 being the best
Resident Demographics
Downtown
City Center
Neighborhoods
2013 Estimated
Residential Population
17,528
65,974
Est. Growth 2013-2018
17.7%
12.0%
Households
11,137
39,411
1.4
1.6
141.7%
24.8%
White
(not Hispanic or Latino)
76.2%
60.3%
Hispanic or Latino
8.3%
18.4%
Black or
African American
5.3%
7.4%
Asian
4.4%
2.6%
Other or more than one race
5.8%
11.3%
33.9
33.4
Male
56.9%
55.3%
Female
43.1%
44.7%
58.5%
50.8%
Size and Growth
2013 Est. Ave. Household Size
Growth 2000-2013
Race/Ethnicity
Age
2013 Est. Median Age
Gender
Education/Income
Percent of Population with
Bachelor’s Degree or higher
• Downtown Denver’s projected growth rate is five times the
2013 Est. Average
Household Income
$76,263
2013 Est. Median All OwnerOccupied Housing Value
$361,029
$60,283
of Denver.
$278,660
• Denver’s City Center neighborhood residents have a similar
racial and ethnic breakdown to Colorado and the U.S.
Presence of Vehicles
2013 Est. Households
No Vehicles
national rate and almost twice that of the City and County
• Downtown Denver residents are highly-educated, with almost
25.2%
24.3%
6 in 10 having a Bachelor’s degree or higher, compared to 3 in
10 nationally.
Sources: Claritas, www.walkscore.com, U.S. Census, Downtown Denver Partnership, Denver Metro Apartment Vacancy and Rent Survey
{13}
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
RETAIL & RESTAURANTS
Downtown Sales Tax Collected—Annual Totals
$40,000,000
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
• Over 1,000 retail establishments are located in Downtown
$5,000,000
Denver, providing ample options for eating, entertainment,
$-
shopping and more.
2006
• In 2012, Downtown Denver retail establishments collected
2007
2008
2009
2010
2011
2012
$37,487,637 in sales tax for the City of Denver, representing
7.6% of the City of Denver’s total sales tax revenue.
2012 Downtown Sales Tax Collections by Month
• The 16th Street Mall accounted for 32% of total sales tax
$4,500,000
collected in Downtown Denver and remains the most popular
$4,000,000
attraction for Metro Denver visitors.
$3,500,000
• Downtown Denver has 3.2 million square feet of retail space
$3,000,000
with a 4.4% vacancy rate.
$2,500,000
$2,000,000
• The median asking rate for retail leases is $23.75 NNN per
$1,500,000
square foot.
$1,000,000
• Over 50 retailers and restaurants have opened since
$500,000
July 2012, including: Hapa Sushi, John Fluevog Shoes,
DEC
NOV
OCT
SEPT
AUG
JULY
JUNE
MAY
APRIL
MARCH
JAN
ViewHouse Eatery & Bar, Gather, Tom’s Urban 24, Eperney,
FEB
$0
Larkburger, Hailee Grace, Novo Coffee, Pizza Republica,
and Southern Hospitality.
Downtown Denver’s Share of the City of Denver’s
Annual Sales Tax Collections
8.0%
7.5%
7.0%
6.5%
6.0%
5.5%
5.0%
{14}
2005
2006
2007
2008
Sources: Downtown Denver Partnership, City of Denver, Visit Denver, Newmark Grubb Knight Frank, CoStar
2009
2010
2011
2012
CONFLUENCE
PARK
COMMONS PARK
BASSETT ST
BLAKE ST
ST
N
RO
ST
FO
X
O
18
T
H
AV
E
ST
IN
H
AS
W
ST
E
E
AV
Miscellaneous
Stores 6%
Information Producers/
Distributors 5%
Motor Vehicles and
Auto Parts 4%
Other Categories (less than
3% each)
{15}
Tr
im
Restaurants 48%
A
GR
ON
GT
D
E
AV
Hotel and Other
Accommodation
Services 16%
NT
ST
AV
E
TH
RM
E
SH
H
19
DE
ST
ER
SO
N
E
AN
CLEVELAND PL
Clothing/Accessory
Stores 8%
25TH ST
TREMONT PL
COURT PL
CIVICManufacturing 6% RTD
CIVIC CENTER
CENTER
STATION
PARK
24TH ST
PARK AVE
www.DowntownDenver.com.
T
20
LA
W
AR
PL visit
GLENARM
throughout Downtown
Denver,
E
ST
B
TREMONT PL
information about pedestrian traffic
RTD LIGHT RAIL
AY
W
D
A
RO
E
TH
13
2012 Sales Tax Collections by Industry
HU
ST
CALIFORNIA
of 44,924 pedestrians
per block
to a low
of 400 pedestrians
per block.
ST For more
WELTON
GLENARM PL
35,046
22ND ST
17TH ST
20TH ST
Downtown Denver ranges from a high
CALIFORNIA ST
EM
ST
FO
X
EEK
E
AV
RY C
R
Pedestrian traffic on an average day in
STOUT ST
38,977
AX
LF
W
CHER
DENVER
PAVILIONS
CO
TRAI
W
L
LA
AN
SDowntown
Denver
GA on an average day.
E
CHAMPA ST
ST
O
ST
Downtown Denver.
WELTON ST
F
G
Stout
block in
PA
TA Street is the busiest
TI
LA
middle of the day, unlike the rest of
PARK AVE
3,912
traffic in the evening than during the
CURTIS ST
44,924
9,147
6,245
36,029
16th Street
between California
and
ST
DR
E
THTH
ST
1616
MALL
STMALL
34,247
LAWRENCE ST
SKYLINE
PARK
ARAPAHOE ST
Larimer Square has more pedestrian
N
KA
CA
LARIMER ST
19TH ST
6,686
30,805
5,449
MARKET ST
21ST ST
MARKET STREET
STATION
and 19th Street.
3,026
GA
R BL
VD
M
LA
Y ST
FIELD between 18th Street
Blake Street
L
ST
COLORADO
CONVENTION
CENTER
SPEE
N
PA
LI
ST
DELGA
N
traffic increases five-fold on
18TH ST
18,997
RTD LIGHT RAIL
H
AT
AV
E
COORS
15TH ST
DENVER
PERFORMING
ARTS COMPLEX
14TH ST
13TH ST
40,000+
TH
During a Rockies game, pedestrian
WAZEE ST
LARIMER WRITER
SQUARE SQUARE
30,000-39,999
IN
DENVER UNION
STATION
WYNKOOP ST
18,502
20,000-29,999
19TH ST
18TH ST
CHERRY CREEK TRAIL
10,000-19,999
29
WEWATTA ST
T
WEWATTA S
0-9,999
CHESTNUT PL
W
Downtown Pedestrian Count Highlights
Average Daily
AVERAGE
DAILY Traffic:
Pedestrian
PEDESTRIAN TRAFFIC
UNION
GATEWAY
BRIDGE
LIGHT RAIL
PLAZA
SPEER BLVD
EL
I
H CIR
TC
ST
2 WAY UNTIL WAZEE
CENTENNIAL
GARDENS
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
STUDENTS & UNIVERSITIES
Over 42,000 students attend public not-for-profit institutions of higher education in Downtown Denver. In addition, over 13,000 students
attend various trade and private for-profit institutions that have classroom space in Downtown Denver.
Schools in Downtown Denver
Institution
Fall 2012 Enrollment
Metropolitan State University
21,520
University of Colorado Denver
13,102
Community College of Denver
7,443
Colorado State Executive MBA
32
Program
TOTAL
42,097
LOOKING AHEAD: Enhancing Connections to Auraria
The Auraria Higher Education Center, home to the University
of Colorado Denver, Metropolitan State University of Denver
and the Community College of Denver, had been historically
disconnected from the rest of Downtown Denver. The 2007
Downtown Area Plan called for fully integrating the campus
and Downtown Denver core through improvements to
physical, social, economic and programmatic connections. In
2013, the Connecting Auraria study kicked off its examination
of how to improve the existing connections between Auraria
and the campus’s surrounding neighborhoods, such as the
Commercial Core, LoDo, Golden Triangle and La Alma/Lincoln
Park. In addition to the Connecting Auraria study, recent
incremental improvements have already been implemented,
such as the addition of a campus bike lane on Curtis Street
and planters and banners along Larimer Street, improving the
pedestrian environment along one of Auraria’s most traveled
pedestrian access points.
{16}
Sources: Auraria Higher Education Center, Denver Post, DenverInfill, Metro State University Denver, University of Colorado Denver, Community College of Denver,
Colorado State University
25TH ST
OG
ST
N
DE
ON
GT
ST
C
DO
W
N
HI
AS
W
JA
24TH ST
TREMONT PL
GLENARM PL
ST
22ND ST
HU
WELTON ST
X
FO
A Year of Investment at Auraria Campus
CALIFORNIA ST
PARK AVE
WEWATTA ST
CURTIS ST
RO
N
$254,000,000 has been invested
in new buildings at the Auraria
Campus in the last year. All projects were funded through revenue,
ST
60
9T
H
DR
AV
E
I
2
HI
PE
47
IA
AN
LV
SY
N
N
H
0T
AS
W
institutions located in other areas of Downtown Denver have added or enhanced their academic facilities over the
past year. For example,
E
AV
E
AV
E
18
TH
E
TREMONT PL
GLENARM PL
CLEVELAND PL
COURT PL
AURARIA PARK
T ST
CURT
WAL
NU
IS ST
H
AT
M
AT
I
ST
AP
AG
O
ST
N
PA
ST
ST
A
OS
IP
ST
AR
M
E
AG
ST
O
RI
CT
13
W
OS
SH
LA
ST
IL
AT
UM
ST
O
AJ
AV
N
PL
TH
12
W
T
S
MA
YU
TH
W8
ST
AV
E
ST
H
BRYA
N T ST
T
11
LE
JO
W
V
AVE
IAD
SEM
INOL
E RD
{17}
VA
LL
R
AT
U
ST
T
IS
N
ZU
• 917 space, four-story parking
structure with 15,000 square feet
of ground floor retail space
7T
E
AV
LA
H
W
• $20,000,000 project
EJ
O
CIR
H IG
• Under construction; scheduled to be
completed in 2014
ST
M
LE
• Project is adding bike connectivity
between 13th Ave and the
Auraria Campus
KA
CO
AHEC 5th Street Parking Garage
VA
L
HIG
MILE
TH
HO
AV
E
E
N
ST
AD
IU
T
HS
• Subsequent phases will include
E
AV
H
9T
baseball, softball and soccer
fields
W
ST
AX
LF
W
E
AV
E
AV
10
N
PA
I
TH
W
LI
• Administrative and support services
for MSU Denver students
H W AL K
EL
GA
L
LI
OS
AY
ST
CL
AV
E
DR
W
E
AV
• Under construction, Phase 1
completed in August 2013
ST
TH
WELTON ST
CALIFORNIA ST
ER S
LARIM
WAY
CHOP
CRESCENT DR
E
OK
ER
CH
FE
TH
11
Metropolitan State University of
Denver Athletic Fields
T
20
K
OC
E
AV
14
TA
L
W
N
YA
BR
W
N
13
TRAIL
• $17,000,000 project
• First building in MSU
Denver’s neighborhood
W
AV
N
ST
ST
TH
12
BA
E
AV
LA
CO
X
FA
TH
E
AV
ST
• $62,000,000 project
M
CREEK
TH
N
ST
• Completed March 2012
• 145,000 square feet
ST
SA
7TH
W
5TH
E
I
AT
CHERRY
E
AV
Metropolitan State
University of Denver
Student Success Building
FO
X
KA
2
STOUT ST
T
PER C IR
E
CL
E
EL
PL
LA
W
AR
ST
N
DE
O
AG
AP
RO
ST
L
GA
T
W
CHAMPA ST
CURTIS ST
DENVER UNION
STATION
WEWATTA ST
DELGANY ST
ARAPAHOE ST
LAWRENCE ST
LARIMER ST
MARKET ST
BLAKE ST
WAZEE ST
BASSETT ST
ST
WAT
ER
EL I
ST
ST
ST
12TH
13TH ST
COLORADO
CONVENTION
CENTER
12TH ST
9TH
D
3R
• Critical part of creating
72 CCD’s
neighborhood on Auraria Campus
DENVER
PERFORMING
ARTS COMPLEX
• First hotel on the Auraria Campus,
providing a much needed amenity
PEPSI
for visiting students,CHfamily andCENTER
C IR
adjacent neighborhoods
LN
14TH ST
larger lecture room
14TH ST
• Hotel and learning laboratories for
hospitality students at MSU Denver
7TH
• Administrative and support services
for CCD students
• Will house support services and
SPEER BLVD
STATE
CAPITOL
CO
• 162,000 square feet and
150 room hotel CHERRY CREEK TRAIL
• 87,000 square feet
N
• 146,000 square
feet
15TH ST
15TH ST
16TH ST MALL
LI
• $45,000,000 project
64
• $50,000,000 project
AY
DW
OA
BR
• $60,000,000 project
• Completed May 2013
TE
JO
N
PLATTE ST
ST
17TH ST
• Under construction,
scheduled for
completion in August 2014
Community College of
Denver Confluence
ST
CENTRAL ST
18TH ST
AN
M
ER
University of Colorado Denver
Academic Building One
• Completed August 2012
25
ST
ST
L
TT
RA
VE
N
19TH ST
E
E
AV
T
LI
E
18TH ST
AN
SH
Spring Hill Suites Denver
Downtown and Metropolitan
State University Hotel and
Hospitality Learning Center
WYNKOOP ST
19TH ST
19
TH
17
AN
GR
SOUTH PLATTE
RIVER GREENWAY
19TH S
T
E
O
ST
TH
of 2012, creating a consolidated space that can accommodate over 5,000 students daily.
A
G
CHESTNUT PL
2
20TH ST
E
the University of Colorado Denver completed a $20,000,000 renovation
of their Business School on 15th and Lawrence
Streets in the
fall
VE
L
G
N
ONT
ROCKM
W
AY
DW
OA
BR
COORS
student fees and otherNCprivate
sources. In addition,
numerous other21ST
not-for-profit
institutions of higher education and private, for-profit
A
ST
ST
FIELD
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
TRANSPORTATION
Downtown Denver serves as the transportation hub for the region, providing numerous transportation options for Downtown Denver
residents, employees and visitors. Transportation options are only expanding with the addition of light and commuter rail lines, the
installation of bike lanes, the expansion of Denver’s bike-sharing system and more car-sharing options. Having a variety of transportation
options is important to members of the Millennial Generation, who are less likely to own a car. Millennials enjoy Denver’s bike share
program, multiple car share programs, strong public transit system and walkable neighborhoods.
OVER
60%
How Do Downtown Denver Employees Get to Work?
of
Carpool 5.6%
Bike 4.3%
DOWNTOWN DENVER
EMPLOYEES
use
TRANSIT,WALK, BIKE
OR SHARE THE RIDE
Walk 3.8%
Moped/Scooter/Motorcycle 1.8%
Telework 0.8%
Drive Alone 38.7%
Use Transit 44.6%
Vanpool 0.5%
TO WORK
Transit
•57 RTD bus routes serve Downtown Denver.
SPOTLIGHT: West Rail Line
•6 light rail lines stop at 11 light rail stations in Downtown Denver.
•Opened April 26, 2013
•$707M capital cost
•Approximately 45,000 people boarded the 16th Street Mall shuttle
•First FasTracks line to open
•Expected ridership
•12.1 miles of light rail
> 19,300–2013
•11 new stations
> 29,700–2030
per day in 2012.
Car Sharing & Bike Sharing
• 30 B-Cycle stations are located in Downtown Denver and over
125,000 bikes were checked out at these Downtown stations
in 2012.
• Downtown Denver is home to 50 car share vehicles with
dedicated parking spaces operated by five different car share
companies: car2go, eGo CarShare, Hertz 24/7, Occasional Car
and Zipcar.
{18}
•5,605 parking spaces
Automobiles
Bicycling
•There are 43,305 off-street parking spaces in Downtown Denver:
•13 miles of existing bike lanes, including new 15th Street bike lane
> 33,037 spaces in parking garages
•5 miles of sharrows
> 10,268 spaces in lots
•5.5 miles of trails
•The median rates for parking garages and surface parking lots
have remained relatively stable, with a slight increase in the past
year. The median daily max rates are $16.00 for parking garages
and $8.00 for surface parking lots. The median monthly rates are
$177.50 for parking garages and $117.50 for surface parking lots. •Parking rates vary widely by neighborhood. More detailed parking
rate information can be found at www.downtowndenver.com.
LOOKING AHEAD: Denver Union Station
Denver Union Station is a unique and transformative development project that is already changing Downtown Denver. As
the future multi-modal transit hub of the Rocky Mountain region, the publicly funded Denver Union Station Infrastructure
Redevelopment project is spurring significant private development around the transit center. While this multi-billion dollar
project has been in the works for almost a decade, 2014 will mark the beginning of a series of official grand openings scheduled
to occur over the next several years.
• Denver Union Station Bus Complex is scheduled to open May 9, 2014.
• 110-room boutique hotel in the renovated historic train station will open June 2014.
• Over 22,000 square feet of new retail space added to the historic train station, including restaurant concepts by The Kitchen,
Snooze and Chef Alex Seidel.
• Public spaces will open throughout early 2014.
• Eight private developments are under construction, investing approximately $400 million in the Central Platte Valley—Commons
and Lower Downtown neighborhoods around Denver Union Station, with many more projects in the planning stages.
• Three new commuter rail lines are scheduled to open in 2016, including the East Line to Denver International Airport.
Sources: Downtown Denver Partnership, City & County of Denver, Denver Bike Sharing , Denver Union Station Project Authority, and Regional Transportation District
{19}
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
ENVIRONMENT
Downtown Denver’s residents, employees, employers and visitors enjoy a healthy green
environment and a culture of sustainability:
• 152 acres of parks and open space in Downtown Denver
• 51 Energy Star certified buildings in Downtown Denver
• 39 LEED certified buildings in Downtown Denver
• 2,075 trees located in the Business Improvement District
• The Colorado Convention Center in Downtown Denver has the most innovative green
initiatives in the country, according to a leading trade show magazine
• The City of Denver is the only city in the U.S. to receive certification to the ISO
14001:2004 standard by Lloyd’s Register Quality Assurance, Inc. for the City’s
Environmental Management System. This certification rewards Denver’s
commitment to making City buildings, property and processes more sustainable.
Selected Parks In Downtown Denver
PARK
ACRES
SPOTLIGHT: Downtown Denver Garden Block
The Downtown Denver Garden Block is an oasis on the 16th
City of Cuernavaca Park
29.1
Street Mall bringing a unique environment to the block
Commons Park
19.7
between Champa and Curtis Street. Installations of various
Gates Crescent Park
14.2
Civic Center Park
12.5
Street Mall, giving Downtown Denver visitors, residents and
Centennial Park
6.6
workers a beautiful place to eat, meet, linger and enjoy the
Fishback Park
4.0
Speer Blvd Park
3.5
Skyline Park
3.2
Confluence Park
2.9
DCPA Sculpture Park
2.5
Denver Skate Park
2.4
Confluence East Park
1.3
Creekfront Park
1.0
{20}
small gardens, representative of those featured at the
Denver Botanic Gardens, create a pocket park on the 16th
urban landscape.
Sources: Downtown Denver Partnership, City of Denver, CoStar, Colorado Convention Center
{21}
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
TOURISM
Downtown Denver Total Hotel Room Nights
When visitors come to Denver for business or pleasure, they
are likely to spend time in Downtown Denver. Six of the top ten
attractions for Metro Denver visitors are located in Downtown
Denver, and the 16th Street Mall remains the top visitor
destination. The award-winning Colorado Convention Center
hosted 915,000 visitors in 2012.
Downtown Denver is home to 24 hotels with over 8,850 hotel
rooms. This represents almost 20% of the hotel rooms in the entire
ten-county Metro Denver region. Demand for Downtown Denver
hotel rooms remains high, with hotels enjoying rising occupancy
2,000,000
1,800,000
1,600,000
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
400,000
0
1,753,271
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
and room rates. Three hotel projects are under construction and
one hotel project is proposed. When completed, these four projects
Downtown Denver Hotel Market
Occupancy Percentage
76%
74%
72%
70%
68%
66%
64%
62%
60%
58%
56%
11,000
National Council of Teachers of Mathematics
11,000
American College of Emergency Physicians
9,500
{22}
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
Sources: Visit Denver, Downtown Denver Partnership, Rocky Mountain Lodging Report 2000-2012
2011
Colorado Crossroads Volleyball Tournament
2010
11,500
2009
Heart Rhythm Society
2008
12,000
2007
American Water Works Association
2006
15,000
$153.50
2005
International Association of Fire Chiefs
$170.00
$160.00
$150.00
$140.00
$130.00
$120.00
$110.00
$100.00
$90.00
$80.00
2004
17,000
2003
American Institute of Architects
Downtown Denver Average Room Rate
2002
19,000
2001
SnowSports Industries America
2000
Attendance
2001
2000
Major Conventions at the Colorado Convention Center
August 2012–July 2013
Convention
73.4%
2012
will add another 850 rooms to Downtown’s hotel market.
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
CULTURE, ENTERTAINMENT,
SPORTS & EVENTS
Sample Downtown Events
Downtown Denver is home to a variety of cultural institutions,
Dr. Martin Luther King, Jr. Marade
January
museums and sports venues. From opera to football, Downtown
National Western Stock Show Parade
January
Denver is the place to be. The Denver Performing Arts Complex
Denver St. Patrick’s Day Parade
is the nation’s second-largest performing arts complex with 10
Doors Open Denver
April
performance spaces, including an opera house, concert hall and
Cinco de Mayo Festival
May
various theatres. The region’s premier museums are located in
Denver Comic Con
Downtown Denver. The Denver Art Museum, Clyfford Still Museum,
Denver Cruiser Ride
May-September
Denver Museum of Contemporary Art and the History Colorado
Denver Day of Rock
May
Center provide a variety of permanent and temporary exhibits for
Denver Derby Party
May
Denver visitors and residents to enjoy.
Downtown Denver Arts Festival
May
Kaiser Permanente Colfax Marathon
May
Capitol Hill People’s Fair
June
Cherry Blossom Festival
June
Families have many reasons to visit Downtown Denver. In addition
to family-friendly exhibits at the many museums, families love
visiting the Downtown Aquarium, the Children’s Museum of Denver
and Elitch Gardens Theme and Water Park.
Civic Center EATS
March
May-June
June-September
Denver Bike to Work Day
June
Sports fans of all kinds can attend over 200 games played annually
Denver Chalk Art Festival
June
at Denver’s major sports venues located in and adjacent to
Denver PrideFest
June
Downtown Denver at The Pepsi Center, Coors Field, and Sports
InnovAge Moonlight Classic
June
Authority Field at Mile High. Downtown Denver also hosts the
Make Music Denver
June
final stage of the USA Pro-Cycling Challenge and many other
Independence Eve at Civic Center
July
professional and amateur sporting events.
Southwest Movies at Skyline Park
July-August
Underground Music Showcase
A Taste of Colorado
Facility
Children’s Museum of Denver
Coors Field
Denver Art Museum
Denver Performing Arts Complex
Denver Public Library - Central
Elitch Gardens Theme and Water Park
Museum of Contemporary Art
Pepsi Center
2012 Attendance
348,459
2,630,458
589,296
1,236,811
949,429
1,100,000
42,426
2,000,000
Sports Authority Field at Mile High
840,000
U.S. Mint
42,007
Source: Visit Denver, Downtown Denver Partnership
July
August
Komen Race for the Cure
September
USA Pro Cycling Challenge
September
Columbus Day Parade
October
Denver Zombie Crawl
October
Gorilla Run October
Great American Beer Festival
October
OktoberfestOctober
Rock n’ Roll Marathon
Denver Christkindl Market
Grand Illumination Southwest Rink at Skyline Park
October
November-December
November
November-February
Starz Denver Film Festival
November
9News Parade of Lights
December
New Year’s Eve Fireworks
December
{23}
Downtown Denver Inc.
Board of Directors 2013–2014
Ralph Pace, US Bank
Michael Glade, Molson-Coors Brewing Company
Ray Pittman, CB Richard Ellis
Jerry Glick, Columbia Group Limited, LLLP
Walter Isenberg, Sage Hospitality, Chairman
Susan Powers, Urban Ventures LLC
Tom Gougeon, Gates Family Foundation
Rob Cohen, IMA Financial Group, Inc., Vice Chair
Gary Reiff, Black Creek Group
Beth Gruitch, Rioja
Trinidad Rodriguez, D.A. Davidson & Co., Treasurer
Jon Robinson, UMB
Ismael Guerrero, Denver Housing Authority
Ralph Pace, US Bank, Secretary
Maja Rosenquist, Mortenson Construction
Randy Hammond, JPMorgan Chase
Jim Basey, Centennial Bank
Kathy Seidel, Northern Trust Bank of Colorado
Amy Hansen, Otten Johnson Robinson Neff & Ragonetti
Mike Bearup, KPMG LLP
David Shapiro, DaVita Inc.
Rus Heise
Scott Bemis, Denver Business Journal
John Shaw, McWhinney
Doug Hock, Encana
Molly Broeren, Molly’s of Denver
Charlita Shelton, University of the Rockies
Don Hunt, Colorado Department of Transportation
Kristin Bronson, Rothgerber Johnson & Lyons LLP
Marc Spritzer, CoBiz Financial
Jennifer Johnson
Brad Buchanan, RNL Design
George Thorn, Mile High Development
Jim Johnson, JG Johnson Architects
Chad Calvert, Noble Energy
Deborah Wapensky, Vectra Bank Colorado
Stephen Jordan, Metropolitan State University of Denver
Chris Castilian, Anadarko Petroleum Corporation
Travis Webb, BKD CPAs & Advisors
Brian Klipp, klipp—a division of gkworks
Stephen Clark, S. B. Clark Companies
Tracy Winchester, Five Points Business District
Greg Leonard, Grand Hyatt
Mark Cornetta, 9News
David Wollard
Roland Lyon, Kaiser Foundation Health Plan of Colorado
Dana Crawford, Urban Neighborhoods, Inc.
John Yarberry, Wells Fargo
Evan Makovsky, NAI Shames Makovsky
Andre Durand, Ping Identity
Mike Zoellner, RedPeak Properties
Gene Myers, New Town Builders
David Eves, Public Service Company,
an Xcel Energy Company
Cole Finegan, Hogan Lovells US LLP
Denver Civic Ventures
Board of Directors 2013–2014
Cindy Parsons, Comcast
Bill Pruter, The Nichols Partnership
Sarah Rockwell, Kaplan Kirsch Rockwell LLP
Bob Flynn, Crestone Partners, LLC
Joe Vostrejs, Larimer Associates, Chairman
Mark Goodman, Boyer’s Coffee
Bill Mosher, Trammell Crow Company, Vice Chair
Ken Schroeppel, University of Colorado Denver,
College of Architecture & Planning
Jim Greiner, iTriage, LLC
Trinidad Rodriguez, D.A. Davidson & Co., Treasurer
Tim Schultz, Boettcher Foundation
Tom Grimshaw, Spencer Fane & Grimshaw, LLP
Meg VanderLaan, MWH Global, Inc., Secretary
Chip Schweiger, Grant Thornton
Lisa Halbleib, Century Link
Bruce Alexander, Vectra Bank Colorado
Glen Sibley, Fleisher Smyth Brokaw
Todd Hartman, Callahan Capital Partners
Sueann Ambron, Univ of Colo Denver, Business School
Mark Sidell, Gart Properties
Michael Hobbs, Guaranty Bank and Trust Company
Holly Barrett, LoDo District, Inc.
David Sternberg, Brookfield Office Properties
Kathy Holmes, Holmes Consulting Group
Ray Bellucci, TIAA-CREF
Jean Townsend, Coley Forrest, Inc.
Bruce James, Brownstein Hyatt Farber Schreck
Ferd Belz, L.C. Fulenwider, Inc.
David Tryba, Tryba Architects
Steve Katich, J.E. Dunn Construction Co.
Peter Bowes, Bowes and Company
Elbra, Wedgeworth, Denver Health
David Kenney, The Kenney Group
Marvin Buckels
Wendy Williams, Vector Property Services, LLC
Pete Khanna, TrackVia, Inc.
Frank Cannon, Union Station Neighborhood Company
Dick Kirk, Richard A. Kirk & Associates
Dee Chirafisi, Kentwood City Properties
Gail Klapper, The Klapper Firm
Cheryl Cohen-Vader, Stapleton Development Corporation
Kim Koehn, K2 Ventures, LLC
Gene Commander, Polsinelli
Mike Komppa, Corum Real Estate Group
Gary Desmond, NAC Architecture
Tom Lee, Newmark Grubb Knight Frank
Kelly Dunkin, The Colorado Health Foundation
Laura Love, Groundfloor Media
Taryn Edwards, Saunders Construction Co.
Dan May, Renal Ventures
Greg Feasel, Colorado Rockies Baseball Club
John Moye, Moye White
Patty Fontneau, Connect for Health Colorado
Will Nicholson, Rocky Mountain BankCard Systems, Inc.
Mac Freeman, Denver Broncos
Downtown Denver Business Improvement
District Board
Ed Blair, Embassy Suites Denver, Chair
Josh Fine, Focus Property Group, Vice Chair
Josh Comfort, Real Estate Development Services, Treasurer
Susan Cantwell, The Gart Companies, Secretary
Dorit Fischer, NAI Shames Makovsky
Kevin McCabe, Newmark Grubb Knight Frank
Myra Napoli, Brookfield Office Properties
DDP Staff Contributors / Editors
The State of Downtown Denver report is created by the Downtown Denver Partnership Research Department. Staff contributors and editors include: Emily Brett, Aylene McCallum,
John Desmond, Jim Kirchheimer, Brian Phetteplace, Bonnie Gross, Ryan Sotirakis, Aneka Patel, Susan Rogers-Kark, Beth Warren, Amanda Jimenez and Tami Door.
Information Sources
American College of Sports Medicine, American Forests, Auraria Higher Education Center, Brookings, Business Journals, Businessweek.com, CardHub, Central Connecticut State
University, City of Denver, Claritas, CleanEdge, Colorado Convention Center, Colorado State University , Community College of Denver, CoStar, Denver Business Journal, Denver Infill,
Denver Metro Apartment Vacancy and Rent Survey, Denver Post, Denver Union Station Project Authority, Downtown Denver Partnership, Entrepreneur Magazine, Forbes, Gallup,
Kiplinger’s, LedgerLink, Longitudinal Employment Household Dynamics, Metro Denver Economic Development Corporation, Metro State University Denver, NerdWallet, Newmark
Grubb Knight Frank, Quarterly Census of Employment and Wages, Regional Transportation District, Rigzone, Rocky Mountain Lodging Report 2000–2012, Travel + Leisure, U.S. Census
Bureau, Under30CEO, University of Colorado Denver, Visit Denver, www.walkscore.com
Graphic Design
Pure Brand Communications
For errata
Please visit www.downtowndenver.com
“A city is a place where there is no need to wait for next week to get the
answer to a question, to taste the food of any country, to find new voices
to listen to and familiar ones to listen to again.”
— Margaret Mead
Published in September 2013 by:
Downtown Denver Partnership
511 16th Street, Suite 200
Denver, CO 80202
303.534.6161
www.downtowndenver.com
Follow Us:
Downtown Denver
@DowntownDenver