My comments are not an endorsement of height limits, they are just responses to Matt's points.
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Originally Posted by Matt
How does the city develop from there? Do we start tearing down buildings that (at some hypothetical date in the future) will only be 20 years old to 30 years old to accomodate continued growth? Do we start tearing down the single-family homes?
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Based on the number of surface parking lots remaining in downtown (Upper/Central/Lower Downtown, Arapahoe Square, Golden Triangle), and based on the rate of their removal during this current real estate cycle, I'd say we have probably three to four real estate cycles left to go before the surface lots are mostly gone. That could be 30-40 years. And that doesn't count the redevelopment of sites that are not parking lots but have scrapeable buildings on them. And by the time we get 40 years into the future, newish buildings today like the Aloft Hotel, the Denver Pavilions, downtown Target, etc. would easily be scrapeable if the demand were strong enough. So looking long-term, I think there's at least a half-century of steady development opportunities for tall towers in downtown before we start to run out of room. Beyond that, if there's still strong demand for high-rise development in Denver's urban core, then downtown's footprint will spread and places like RiNo, Prospect, Uptown, could become places for downtown-scale towers. Frankly, any 5-story stick-built apartment building built this cycle could be scraped if demand and land values warranted. Investors will have likely received their return on investment by then.
Quote:
Originally Posted by Matt
At that point, very few parking lots will be available to develop, and residents of every (relatively recently-built) mid-rise develoment will fight tooth and nail to prevent their buildings from being torn down to accomodate the next "notch up" in height limits required for Denver to continue to grow.
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This would only apply to condominiums where hundreds of individual residents' ownership interests would need to be secured before demolition could take place. Apartment buildings, hotels, and office buildings typically have single ownership and if the owner wants to sell or tear their building down for redevelopment, they just do it after leases have expired. Given that there are few condo towers in downtown overall and virtually none were built this cycle, this isn't an issue.
Quote:
Originally Posted by Matt
Denver also tends to cling to the notion that every existing structure is somehow a cherished reflection of our history and character, whereas in places like Manhattan it's just a part of ongoing development and urban renewal that many New Yorkers are just plain accustomed to (and expect, and actually get excited for). Denver does not have that type of mentality; every building demo in this city causes a PTSD-like reflex among residents who are still traumatized by the DURA debacle of the 1980s.
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No, this isn't the case. The Motor Hotel Garage was demo'ed for the Embassy Suites; Davis & Shaw Furniture was demo'ed for Spire; a small office/retail building was demo'ed for 1800 Larimer; two buildings were demo'ed for Dairy Block; the Office Depot was demo'ed for 16M, a small building was demo'ed for 1755 Blake; an old warehouse was demo'ed for Verve; an old warehouse was demo'ed for Confluence; Vitamin Cottage was demo'ed for Fifteen Platte; two small buildings demo'ed for Circa Building; the old staple factory was demo'ed for Riverview at 1700 Platte; a brick building was demo'ed for Galvanize 2.0; three buildings were demo'ed for Block 162; an auto garage was demo'ed for the Element Hotel; a bunch of old bail bond houses were demo'ed for the Delaware Lofts; the state courthouse and history museum were demo'ed for the Ralph Carr Judicial Center; the old Rocky Mountain News building was demo'ed for the Denver Justice Center; an apartment building and two small houses were demo'ed for the 17th & Pearl Apartments; an old Burger King was demo'ed for the Aloft Hotel; an office building was demo'ed for Modera Capitol Hill; an old brick building was demo'ed for the Point 21 Apartments; two small buildings were demo'ed for 2020 Lawrence; two small buildings were demo'ed for Joule; two small buildings were demo'ed for Parq on Speer; a 7-11 was demo'ed for the Via Apartments; and an office building was just demo'ed for Modera LoHi. I'm tired so I'll stop there, but if I recall correctly, there wasn't much of a public fuss about any of these demo'ed buildings.