It’s 19 stories tall. It’s a big, purple-bluish building that developers are calling “The Coloradan”, and it’s making waves in the real estate market in Denver. So, what’s all the fuss about, and what does this new building mean for living in the downtown Denver area?
Located at 1750 Wewatta Street, The Coloradan might just be the ideal location for anyone who wants to live in downtown Denver with proximity to just about every attraction and feature in the city.
This 700,000 square foot building is literally right next to Union Station, making it ideal for business and leisure travellers alike. Within the walls of this new building are more than 330 unique condominium units. As of the spring of 2019, nearly 95% of these residential units have been sold—something that isn’t too surprising considering the red-hot state of the Denver real estate market.
Another prime feature of the Coloradan is its impressive array of amenities, including a blow-dry bar and a boutique women’s clothing shop.
More to Come
Meanwhile, at the corner of 18th Street and Broadway, another large, multi-use residential building is being planned. Even though there does seem to be additions to the supply of residential properties in Downtown Denver, the pickings are still going to be slim, at least in the near-to-mid term.
If you quality for low-income housing appropriations, you might be lucky enough to snag the last remaining one-bedroom condo located in the Coloradan. But, it will come at a price: $230,000 to be exact.
It doesn’t seem like the demand for living area in Denver is going to be dropping any time soon. Quite the contrary: as people continue to flood to Denver in hopes of living the Mile High lifestyle, there will only be more and more requests for developers to build even more condos, apartments, and other living areas in and around the Denver metro area.
Looking Ahead to the Future
What do you think about the way the real estate market is going in Denver? Are you optimistic about locating a place for yourself or your family? If not, why not? Let us know in the comments below!
Here at the Sociological Imagination, we’re taking the longview on the development in Denver, seeing it as a rising tide that will inevitably lift all ships. Only time will tell if we are right or if there will be more challenges to overcome as the Denver population grows even larger.