State of the city: $2.5 billion in development pipeline
By: Burl Rolett, BusinessDen
There’s about $2.5 billion paying for all of those cranes downtown.
The Downtown Denver Partnership gave that figure Tuesday at its annual State of Downtown Denver event, reporting there’s about $2.5 billion worth of development either planned or under construction.
These projects will bring more than 1,200 hotel rooms, 4,500 residences and 2.7 million square feet of office space to the urban core, the partnership reported. (You can see the annual report here.)
Those were the highlights of the annual report the Downtown Denver Partnership released at a well-attended breakfast event at the Hyatt Regency Denver at Colorado Convention Center. CEO Tami Door delivered a keynote address explaining the findings, followed by a panel discussion about how far downtown Denver has come and where it may be headed.
Developer Chris Frampton hopes real estate development will start moving east, out of the Union Station neighborhood his firm, East West Partners, co- developed. All the land at Union Station is spoken for.