It's also encouraging that the Hotel, Residential and Commercial markets in downtown Denver are all "booming" simultaneously. No doubt, some of these proposals are going up. They can even further reduce risk -- in what has recently been called a "low risk market" -- by making these projects mix-use. The likelihood of all three building use booms downtown to end at the same time, is not likely.
Furthermore, such projects as Union Station and FasTracks and recent openings of the southeast light rail line are going to give this downtown economy a shot in the arm - thus making a recession even less likely.
I give all of Denver's major construction proposals a high probability of being built. I also rate a high probability of future proposals also being built. Denver's economy seems to be in a real good situation right now.
The Black Sheep: High rate of foreclosures in the Denver area... This may, or may not be significant in the long run. Definitely something to watch.
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