Metro Denver residential developments coming soon
While buyers in the last year have endured historic low inventory levels of homes for sale in metro Denver, there’s a significant amount of new product coming on the market.
Many of those developments were highlighted at the Denver Metro Association of Realtors’ New Development Insider event at Empower Field at Mile High Thursday. It was presented by the association’s Young Professionals Network.
“Colorado’s lack of inventory has been a major theme, as you all know,” said Vince Malara, sales executive for Heritage Title Company. “We are super excited and inspired to see all the developers and developments here today bringing much needed inventory to Colorado.”
Under-construction POP Denver is a 123-condominium building at the corner of 6th Avenue and Santa Fe Boulevard.
Clem Rinehart, director of sales and the owner/managing broker of TreeHouse Real Estate, said construction is expected to wrap in May of 2023 and 25% of the units have been pre-sold.
“We’ve got just about every product type,” he said of the one and two-bedroom units ranging in price from “high 300s to high 700s.”
“It’s a concrete construction building, which is different from most of the wood-framed product out there,” Rinehart said. “That’s a huge quality component and brings a differentiator to the market.”
First Stone Development is building Pop Denver, which is being dubbed “The Gateway to the District” with its proximity to the Santa Fe Art District. Plans call for popular muralist Greg Mike of Atlanta to paint “the biggest mural in Denver” at four-stories tall and covering 3,000 square feet.