Stateof downtowndenver ddp-rpt_sept 2013

OR HIGHER

6/10 DOWNTOWN RESIDENTS have a

BACHELOR'S DEGREE

915,000COLORADO CONVENTION CENTER

ATTENDEES IN 2012 DOWNTOWN & CITY CENTER NEIGHBORHOODS7,000 RESIDENTIAL UNITS

UNDER CONSTRUCTION

PLANNEDOR

DOWNTOWN DENVER’S

5XNATIONAL GROWTH RATE

PROJECTED GROWTH RATE

152{IN}PARKS

DOWNTOWN DENVER

ACRES OFIN INVESTMENT

$636,000,000through

PROJECTS COMPLETED

142GROWTH

in%

RESIDENTIAL POPULATION Since 2000

DOWNTOWN’S

3,200,000 FT2 RETAIL SPACE�

60%DOWNTOWN EMPLOYEES

to w k

OF

USE TRANSIT,

OR CARPOOL BIKE, WALK

RESIDENTS 25%OWN A CAR

DON’T STAT

E

�DOWNTOWNDENVER –

2013

–65,974 RESIDENTS

DOWNTOWN DENVER

{ IN}

CITY CENTER NEIGHBORHOODSAND

115,020EMPLOYEES

DOWNTOWN DENVER

$76,263F

DOWNTOWN

HOUSEHOLDS

AVERAGE INCOME

DENVER

in

IN THE PAST YEAR

55,000STUDENTSOV

ER

ATTEND CLASSES

DOWNTOWN DENVERin

in

27.1 MILLIONSQUARE FEET

OFFICE SPACE[OF]

Introduction�Letter.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �1

Notable�Rankings.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �3

Downtown�Area�Plan.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �4

Development�&�Investment.. . . . . . . . . . . . . . . . . . . . . . . . . . . �6–7

Office�Market.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �8–9

Employers�&�Employees.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �10–11

Residents.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �12–13

Retail�&�Restaurants.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �14–15

Students�&�Universities.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �16–17

Transportation.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �18–19

Environment.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �20

Tourism�.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �22�

Culture,�Entertainment,�Sports,�&�Events.. . . . . . �23

Board�of�Directors�. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �25

TABLE�OF�CONTENTS

DOWNTOWN

T�T�

��

STATE

DENVER

Dear Downtown Denver Stakeholder, The Downtown Denver Partnership is pleased to publish the third annual State of Downtown

Denver, a fact-driven report that provides timely, objective and accurate data about

Downtown Denver. We are proud to continue our partnership with Newmark Grubb Knight

Frank and deliver the most complete statistics and analysis about Downtown Denver.

After just a few minutes reviewing the information in this report, it quickly becomes

clear that Downtown Denver is the hub of the Rocky Mountain region and that our hub is

growing. Downtown Denver is an office for over 115,000 employees with 675,000 square

feet of office space currently under construction. Downtown Denver is home to 17,500

residents, a 142% increase since 2000. Downtown Denver is a classroom to over 55,000

students where at least $254 million has been invested to enhance the educational

environment. All in all, there are currently 26 projects under construction, representing

approximately $1.8 billion in investment from both the public and private sectors.

Turn the page and read the facts, figures and case studies in this report that showcase

the current state of Downtown Denver. And when you are ready to make an investment in

Downtown Denver, we invite you to reach out to us at www.downtowndenver.com.

Sincerely,

Tamara Door Elbra Wedgeworth President & CEO Chairwoman

Downtown Denver Partnership Downtown Denver Partnership

{1}

{2}

NOTABLE RANKINGS

BESTCITY FOR SMALL

BUSINESS EMPLOYEES. (CardHub, 2013)

FASTEST GROWING LARGE CITY IN THE U.S.

(U.S. Census Bureau, 2013)

2ND

SAFEST FEELING METRO AREA TO WALK THE STREETS.

(Gallup, 2013)

2ND

MOST ACTIVE RESIDENTS.

(Travel + Leisure, 2012)

3RD

BEST CITY FOR SMALL BUSINESSES. (Business Journals, 2013)

3RD

BEST CITY IN THE WORLD FOR OIL & GAS CAREERS.

(Rigzone, 2013)

3RD

BEST CITY FOR RECENT COLLEGE GRADS.

(Nerdwallet, 2013)

3RD

BEST CITY FOR JOB SEEKERS.

(Forbes, 2013)

4TH

MOST LITERATE CITY.

(Central Connecticut State University, 2013)

5TH

HEALTHIEST METRO AREA.

(American College of Sports Medicine, 2013)

5TH

BEST CITY FOR TECH STARTUPS.

(Entrepreneur Magazine, 2013)

6TH

BEST CITY IN AMERICA.

(Businessweek.com, 2013)

6TH

LEAST OBESE CITY IN THE U.S. (Gallup, 2013)

6TH

BEST CITY FOR CLEAN TECHNOLOGY.

(CleanEdge, 2013)

6TH

BEST LARGE CITY FOR YOUNG ENTREPRENEURS.

(Under30CEO, 2013)

8TH

BEST CITY FOR ACCOUNTING JOBS.

(LedgerLink, 2013)

8TH

BEST CITY FOR FEMALE ENTREPRENEURS.

(Forbes, 2012)

9TH

BEST CITY FOR ACCESS TO JOBS VIA PUBLIC TRANSPORTATION.

(Brookings, 2013)

9TH

BEST CITIES FOR YOUNG ADULTS. (Kiplinger’s, 2013)

TOP 5CITIES FOR

URBAN FORESTS. (American Forests, 2013)

TOP 10EMERGING

DOWNTOWNS. (Forbes, 2013)

TOP 15

{3}

DENVER’S DOWNTOWN AREA PLANIn 2007, the public and private sectors came together to build upon the 1986 Downtown

Area Plan with an updated vision and set of goals and recommendations for Downtown

Denver. The Downtown Area Plan outlines the major components to make Downtown

Denver one of the most livable places in the world. The vision elements and accompanying

strategies guiding Downtown Denver are:

CHERRY CREEK TRAIL

CHERRY CREEK TRAIL

.

NOINU REVNEDNOITATS

COLORADOCONVENTIONCENTER

RTDCIVIC CENTERSTATION

REVIR ETTALP HT

UOS

DENVER PERFORMING ARTS COMPLEX

COORSFIELD

PEPSICENTER

STATECAPITOL

ETTALP HT

UOS

YAW

NEERG REVIR

7TH ST

LYLE

CT

19TH ST

18TH ST

9TH ST

BRYANT ST

VALL

EJO S

T

JASO

N ST

31ST ST

32ND ST

W BYRON PL

INCA ST

W 12TH PL

ERIE

ST

12TH ST

W 29TH ST

LAFA

YETT

E ST

W 29TH AVE

W 9TH AVE

E SPEER BLVD

13TH ST

ALCOTT

ST

CHES

TNU

T PL

CRES

CEN

T D

R

12TH ST

14TH ST

ELIZ

ABETH

ST

FOX ST

W 20TH AVE

BRYANT S

T

18TH ST

TS TTESSAB

LP MRA

NELG

VALL

EJO S

T

LARI

MER

ST

E 19TH AVE

29TH ST

HURON ST

BRYANT ST

WEW

ATTA

ST

TS N

OTSEW

SHOSH

ONE ST

W 28TH AVE

35TH ST

GILPIN

ST

31ST ST

W 10TH AVE

TEJO

N ST

17TH ST

W BARBERRY PL

19TH ST

W CAITHNESS PL

ROCK

MO

NT

DR

ELIZ

ABETH S

T

WEW

ATTA

ST

W 31ST AVE

DECAT

UR ST

CANOSA

CT

ELIZ

ABETH S

T

DENAR

GO ST

W 11TH AVE

MAR

ION S

T

CHO

PPER

CIR

CLE

W ARGYLE PL

FOX ST

E 20TH AVE

ELITCH CIR

LITTLE RAVEN ST

YUM

A ST

LIPA

N ST

RIO CT

SEMINOLE RD

DENARGO M

ARKET

31ST ST

W DUNKELD PL

CURT

IS S

T

34TH ST

W 7TH AVE

LP TRU

OC

LP D

NALEVELC

E 30TH AVE

HUMBOLDT ST

W 9TH AVE

W 26TH AVE

W 27TH AVE

UMATIL

LA S

TVA

LLEJO

ST

BOU

LDER

ST

MARIP

OSA S

T

E 31ST AVE

UMATIL

LA S

T

ELATI ST

W 7TH AVE

E 12TH AVE

W 11TH AVE

LAFA

YETT

E ST

FOX S

T

DELAWARE ST

DECAT

UR ST

NAVAJO

ST

ALCO

TT S

T

TS ETTALP

MARION ST

5TH ST

GLOB

EVIL

LE R

D

33RD ST

GILPIN

ST

LP TN

OMERT

BRYANT S

T

NAVAJO

ST

29TH ST

GILPIN

ST

WYA

NDOT ST

ALCOTT

ST

BRYANT S

T

QUIVAS

ST

VALL

EJO S

T

SHOSH

ONE ST

MILW

AUKEE

ST

W 10TH AVE

DELAWARE ST

ACOMA ST

WASHINGTON ST

EMER

SON S

T

WAL

NUT S

T

MILW

AUKEE

ST

EMERSON ST

ARKI

NS C

T

CLAY S

T

OSAGE ST

ELATI ST

M

ILE HIG

H W

ALK

LP MRA

NELG

7TH ST

27TH ST

W 9TH AVE

LP MRA

NELG

CHEROKEE ST

DECATUR S

T

TS EEZAW

TEJO

N ST

HIGH S

T

26TH ST

WIL

LIAM

S ST

30TH ST

GILPIN ST

E 18TH AVE

OGDEN

ST

E 30TH AVE

28TH ST

ZUNI S

T

W COLFAX AVE

25TH ST

TS N

OTLEW

MIL

E HI

GH S

TA

DIUM CIR

INCA S

T

TS TEKRAM

BANNOCK ST

CLAY S

T

21ST ST

E 28TH AVE

FRAN

KLIN S

T

24TH ST

27TH ST

GALAPAGO ST

W 33RD AVE

W 32ND AVE

E 27TH AVE

W 14TH AVE

E 14TH AVE

E 13TH AVE

E 18TH AVE

HUMBOLDT S

T

E 33RD AVE

17TH ST

CLAYT

ON ST

JOSE

PHINE

ST

COLUM

BINE

ST

W 11TH AVE

ZUNI S

T

MARIPOSA ST

KALAMATH STLIPAN ST

SANTA FE DR

GALAPAGO ST

E 24TH AVE

E 25TH AVE

E 10TH AVE

FILL

MORE

ST

E 12TH AVE

E 11TH AVE

MARION S

T

MARION S

T

OGDEN S

T

HUMBOLDT S

T

TS N

OTLEW

LIPAN ST

W 34TH AVE

16TH ST MALL

W 35TH AVE

W 35TH AVE

E 35TH AVE

E 29TH AVE

E 29TH AVE

PEARL ST

PENNSYLVANIA ST

E 34TH AVE

E 34TH AVE

E BRUCE RANDOLPH AVE

E 36TH AVE

E 37TH AVE

WAL

NU

T ST

W 36TH AVE

W 36TH AVE

FRANKLIN ST

FRAN

KLIN S

T

W 37TH AVE

W 37TH AVE

WIL

LIAM

S ST

WIL

LIAM

S ST

E 26TH AVE

CLARKSON ST

WASHINGTON ST

LOGAN ST

HIGH S

T

HIGH S

T

GRANT ST

TS AINR

OFILAC

CALI

FORN

IA S

T

E 16TH A

E 16TH AVE

W COLFAX AVE

TS SITRUC

CURT

IS S

T

TS SITRUC

W 13TH AVE

W 13TH AVE

TS EKALB

TS EKALB

E 13TH AVE

E 17TH AVE

E 17TH AVE

VINE

ST

VINE

ST

VINE

ST

VINE

ST

RACE

ST

RACE

ST

RACE

ST

GAYLO

RD ST

GAYLO

RD ST

GAYLO

RD ST

ARAP

AHO

E ST

TREM

ON

T PL

ELIO

T ST.

SHERMAN ST

18TH ST

TS YNA

GLED

TS AINR

OFILAC

AURA

RIA

PARK

WAY

TS REMIRAL

TS REMIRAL

TS ECNER

WAL

TS ECNER

WAL

W COLFAX AVE

WAT

ER S

T

OGDEN ST

32ND ST

TS PO

OKNY

W

PECOS

ST

N SPEER BLVD

W 23RD AVE

CEN

TRAL

ST

W 8TH AVE VIAD

E 23R

D AVE

OSAGE

ST

E 20TH AVE

W 29TH AVE

W 8TH AVE

14TH ST

DVLB N

OTH

GIRB

22ND ST

15TH ST

19TH ST

W 8TH AVE

15TH ST

E 31ST AVE

KALAMATH ST

MARTIN LUTHER KING BLVD

20TH ST

LINCOLN ST

W 6TH AVE

PARK AVE

DOWNING ST

DOWNIN

G ST

TS APMA

HC

TS APMA

HC

TS TU

OTS

BROADWAY

YORK S

T

YORK S

T

SPEER BLVD

W 6TH AVE

CORONA ST

BROADWAY

DOWNIN

G ST

TS TU

OTS

E 19TH AVE

25

Prosperous• TheDowntownoftheRocky

Mountain Region

• EnergizingtheCommercialCore

• AComprehensiveRetailStrategy

• CleanandSafe

Walkable • AnOutstandingPedestrian

Environment

• BuildingonTransit

• BicycleCity

• ParktheCarOnce

• GrandBoulevards

Diverse• DowntownLiving

• AFamily-FriendlyPlace

• EmbracingAdjacent

Neighborhoods

• AnInternationalDowntown

Distinctive• DistrictEvolution

• ConnectingAuraria

• Downtown’sNewNeighborhood:

Arapahoe Square

Green• AnOutdoorDowntown

• ARejuvenatedCivicCenter

• SustainableUseofResources

{4}

Downtown Denver BoundariesThe map above illustrates the boundaries of Downtown Denver. Downtown Denver is

comprised of the following planning districts set forth by the 2007 Downtown Area Plan:

Central Platte Valley Prospect, Central Platte Valley Commons, Central Platte Valley

Auraria,Auraria,LowerDowntown(LoDo),CommercialCore,CulturalCore,Golden

Triangle,ArapahoeSquareandBallpark.

City Center Neighborhood BoundariesThe City Center area includes Downtown Denver and its surrounding residential

neighborhoods. Its boundaries extend beyond the Downtown Denver boundary to include

thefollowingneighborhoods:Highland,Ballpark,CurtisPark,FivePoints,Uptown,

CapitolHill,LaAlma/LincolnParkandJeffersonPark.

CENTRAL PLATTE VALLEY

PROSPECT


COMMONS


AURARIA

LODO

BALLPARKARAPAHOE

SQUARE

COMMERCIAL CORE

AURARIA

CULTURAL CORE

GOLDEN TRIANGLE

STATE OF DOWNTOWN DENVER // SEPTEMBER 2013

{5}

{6}

DowntownDenverisbuzzingwithconstructionactivity.BetweenJuly2012andJuly2013,

10projectswerecompleted,representingover$636,000,000ofinvestmentandover2.2

million square feet of additional or re-purposed space in Downtown Denver. Currently,

there are 26 projects under construction. Fifteen of these projects have a residential

component; when completed, Downtown Denver will have over 2,800 additional units for

residents. In addition to projects completed in the past year and those currently under

construction, many more projects are being planned in Downtown Denver. The following

map shows projects completed since 2007, as well as projects under construction and

planned for development.

DEVELOPMENT AND INVESTMENT


$636,000,000

IN THE PAST YEAR

CHERRY CREEK TRAIL

CHERRY CREEK TRAIL

.

DENV

ER U

NION

STAT

ION

COLORADOCONVENTION

CENTER

DENVER PERFORMING

ARTS COMPLEX

COORSFIELD

PEPSICENTER

STATECAPITOL

SOU

TH P

LATT

ER

IVER

GR

EEN

WAY

7TH ST

LYLE CT

19TH ST

18TH ST

9TH ST

BRYANT ST

VALLEJO

ST

JASON ST

31ST ST

32ND ST

W BYR

ON PL

INCA ST

W 12TH PL

ERIE

ST

12TH ST

W 29TH ST

LAFAYE

TTE ST

W 29TH AVE

W 9TH AVE

E SPEER BLVD

13TH ST

ALCOTT ST

CH

ESTN

UT

PL

CRES

CEN

T D

R

12TH ST

14TH STELIZABETH ST

FOX ST

W 20TH AVE

BRYANT ST

18TH ST

BAS

SETT

ST

GLE

NAR

M P

L

VALLEJO

ST

LARI

MER

ST

E 19TH AVE

29TH ST

HURON ST

BRYANT ST

WEW

ATTA

ST

WES

TON

ST

SHOSHONE ST

W 28TH AVE

35TH ST

GILPIN ST

31ST ST

W 10TH AVE

TEJON ST

17TH ST

W BARBERRY PL

19TH ST

W CAITHNESS PL

RO

CKM

ONT

DR

ELIZABETH ST

WEW

ATTA

ST

W 31ST AVE

DECATUR ST

CANOSA CT

ELIZABETH ST

DENARGO ST

W 11TH AVE

MARION ST

CHOP

PER

CIR

CLE

W ARGYLE PL

FOX ST

E 20TH AVE

ELITCH CIR

LITTLE RAVEN ST

YUM

A ST

LIPAN ST

RIO CT

SEMINOLE RD

DENARGO MARKET

31ST ST

W DUNKELD PL

CURT

IS S

T

34TH ST

W 7TH AVE

COU

RT

PL

CLEV

ELAN

D P

L

E 30TH AVE

HUMBOLDT ST

W 9TH AVE

W 26TH AVE

W 27TH AVE

UMATILLA ST

VALLEJO

ST

BO

ULD

ER S

T

MARIPOSA ST

E 31ST AVE

UMATILLA ST

ELATI ST

W 7TH AVE

E 12TH AVE

W 11TH AVE

LAFAYE

TTE ST

FOX ST

DELAWARE ST

DECATUR ST

NAVAJO

ST

ALCO

TT S

T

PLAT

TE S

T

MARION ST

5TH ST

GLOB

EVILL

E R

D

33RD ST

GILPIN ST

TREM

ON

T PL

BRYANT ST

NAVAJO

ST

29TH ST

GILPIN ST

WYANDOT ST

ALCOTT STBRYA

NT ST

QUIVAS ST

VALLEJO

ST

SHOSHONE ST

MILWAUKEE ST

W 10TH AVE

DELAWARE ST

ACOMA ST

WASHINGTON ST

EMERSON ST

WAL

NU

T ST

MILWAUKEE ST

EMERSON ST

ARKI

NS

CT

CLAY ST

OSAGE ST

ELATI ST

MIL

E H

IGH

WAL

K

GLE

NAR

M P

L

7TH ST

27TH ST

W 9TH AVE

GLE

NAR

M P

L

CHEROKEE ST

DECATUR ST

WAZ

EE S

T

TEJON ST

HIGH ST

26TH ST

WILLIAMS ST

30TH ST

GILPIN ST

E 18TH AVE

OGDEN ST

E 30TH AVE

28TH ST

ZUNI ST

W COLFAX AVE

25TH ST

WEL

TON

ST

MIL

E HI

GH S

TADIUM CIR

INCA ST

MAR

KET

ST

BANNOCK ST

CLAY ST

21ST ST

E 28TH AVE

FRANKLIN ST

24TH ST

27TH ST

GALAPAGO ST

W 33RD AVE

W 32ND AVE

E 27TH AVE

W 14TH AVE

E 14TH AVE

E 13TH AVE

E 18TH AVE

HUMBOLDT ST

E 33RD AVE

17TH ST

CLAYTON ST

JOSEPHIN

E ST

COLUMBINE ST

W 11TH AVE

ZUNI ST

MARIPOSA ST

KALAMATH STLIPAN ST

SANTA FE DR

GALAPAGO ST

E 24TH AVE

E 25TH AVE

E 10TH AVE

FILLMORE ST

E 12TH AVE

E 11

TH AVE

MARION ST

MARION ST

OGDEN ST

HUMBOLDT ST

WEL

TON

ST

LIPAN ST

W 34TH AVE

16TH ST MALLW 35TH AVE

W 35TH AVE

E 35TH AVE

E 29TH AVE

E 29TH AVE

PEARL ST

PENNSYLVANIA ST

E 34TH AVE

E 34TH AVE


E 36TH AVE

E 37TH AVE

WAL

NU

T ST

W 36TH AVE

W 36TH AVE

FRANKLIN ST

FRANKLIN ST

W 37TH AVE

W 37TH AVE

WILLIAMS ST

WILLIAMS ST E 26TH AVE

CLARKSON ST

WASHINGTON ST

LOGAN ST

HIGH ST

HIGH ST

GRANT ST

CALI

FOR

NIA

ST

CALI

FOR

NIA

ST E 16T

H AVE

E 16TH AVE

W COLFAX AVE

CUR

TIS

STCU

RTI

S ST

CUR

TIS

ST

W 13TH AVE

W 13TH AVE

BLA

KE

STB

LAK

E ST

E 13TH AVE

E 17TH AVE

E 17TH AVE

VINE ST

VINE ST

VINE ST

VINE ST

RACE ST

RACE ST

RACE ST

GAYLORD ST

GAYLORD ST

GAYLORD ST

ARAP

AHO

E ST

TREM

ON

T PL

ELIOT ST.

SHERMAN ST

18TH ST

DEL

GAN

Y ST

CALI

FOR

NIA

ST

AUR

ARIA

PAR

KW

AY

LAR

IMER

ST

LAR

IMER

ST

LAW

REN

CE S

TLA

WR

ENCE

ST

W COLFAX AVE

WAT

ER S

T

OGDEN ST

32ND ST

WYN

KO

OP

ST

PECOS ST

N SPEER BLVD

W 23RD AVE

CEN

TRAL

ST

W 8TH AVE VIAD

E 23

RD AVE

OSAGE ST

E 20TH AVE

W 29TH AVE

W 8TH AVE

14TH ST

BR

IGH

TON

BLV

D

22ND ST

15TH ST

19TH ST

W 8T

H AVE

15TH ST

E 31ST AVE

KALAMATH ST

MARTIN LUTHER KIN

G BLV

D

20TH ST

LINCOLN ST

W 6TH AVE

PARK AVE

DOWNING ST

DOWNING ST

CHAM

PA S

TCH

AMPA

ST

STO

UT

STBROADWAY

YORK ST

YORK ST

SPEER BLVD

W 6T

H AVE

CORONA ST

BROADWAY

DOWNING ST

STO

UT

ST

E 19TH AVE

72

64

47

60

25

• Completed development

• Development under construction

• Planned development

Map is not inclusive of all proposed developments.

For additional information, please visit www.downtowndenver.com.

Source: Downtown Denver Partnership

Downtown Denver Development Since 2007

16 of the 55 projects completed since 2007 are located in the Commercial Core.

The number of housing units currently under construction is just under the total number of housing units completed since 2007.

Half of the 26 projects currently under construction are in the vicinity of Denver Union Station.


PROSPECT


COMMONS


AURARIA

LODO

BALLPARK

ARAPAHOE SQUARE

COMMERCIAL CORE

AURARIA

CULTURAL CORE

GOLDEN TRIANGLE

{7}

{8}

OFFICE MARKET DowntownDenverhasatotalof27.1millionsquarefeetofofficespace.Officevacancyfellsharplyfromahighof18.3%attheendof2009

to13.8%bymid-2013,comparedtoa17.0%vacancyrateinDenver’ssuburbanofficemarketandtohighervacancyratesinotherU.S.

downtowns.Withvacancyratesdropping,themarketisrespondingnotonlywithincreasingleaseratesof$26.50/sffrom$24.35in2012,

but also by constructing additional office space. A total of 675,000 square feet of office space is currently under construction throughout

Downtown Denver, with approximately 1.2 million square feet of office space planned to be developed in the next several years.

Sources:DenverBusinessJournal,DenverPost,NewmarkGrubbKnightFrankResearch,DowntownDenverPartnership,DenverInfill

Project Name Status Square Feet Projected Completion Date

1601 Wewatta UnderConstruction 283,000 2015

16M UnderConstruction 130,000 2014

DenverArtMuseumOfficeBuilding UnderConstruction 50,000 2014

IMA Financial Center UnderConstruction 102,000 2013

OneUnionStation UnderConstruction 110,000 2014

16 Chestnut Planned 320,000 2014

16th & Wewatta Planned 65,000 2014

TriangleBuilding Planned 220,000 2014

17 Wewatta Planned 60,000 2015

HistoricWindsorDairyBlock Planned 325,000 2015

WewattaPlaza Planned 200,000 TBD

Office Inventory Under Construction & Planned for Development

Building Address

Approx. Sales Price

(in millions)Square

Feet

Price Per Square

Foot Sale Date

1001 17th Street $217 655,000 $331 Fall2013*

1660Lincoln $38 283,544 $134 July2013

1700Broadway $98 394,151 $249 May2013

1999Broadway $183 680,277 $269 May2013

1625/1675Broadway $176 770,221 $229 April2013

133117thStreet $70 218,906 $320 April2013

Major Office Building Sales Since July 2012

To

INVESTORS

CONTINUEDRAWN

DOWNTOWN DENVER

TO B

E


*Asofprintdate,saleexpectedtocloseFall2013. Listincludessalesofpropertiesover200,000squarefeet.

1,500,000

1,000,000

500,000

-500,000

-1,000,000

19.0%

17.0%

15.0%

13.0%

11.0%

9.0%

Square Feet

2004 2005 2006 2007 2008 2009 2010 2011 2012 2Q13

Supply Absorption Vacancy Source: Newmark Grubb Knight Frank Research

0

Percentage

Downtown Office Market Balance

{9}

YEAR-TO-DATE

ABSORPTIONIn 2013

175,000SQUARE FEET

WAS

SPOTLIGHT: Downtown Denver’s Oldest and Newest Neighborhood

DenverUnionStationisagainahubofcommercialactivityin

Downtown Denver, spurring significant office development in the

LowerDowntown,orLoDo,neighborhood.Whenitfirstopened

in1881,DenverUnionStationprovidedarailhubforDenver,

supporting the thriving frontier town in the relatively new state

of Colorado.

However, by the mid-twentieth century, the declining popularity

ofrailtravelreducedDenverUnionStationtoarelic,leaving

LoDofullofdilapidatedcommercialbuildings.Bythelate1980s,

pioneerbusinessessuchastheWynkoopBreweryopenedand

oldwarehouseswereconvertedtohallmarkLoDo‘brickand

timber’officebuildings.TheopeningofCoorsFieldin1995drew

thousandstotheneighborhood’sgrowingretailamenities.

Priorto2008,LoDo’s2.7millionsquarefeetofofficespacewas

hometomostlycreativefirmsdrawntotheneighborhood’snon-

traditionalspace.LoDoenjoyedlowvacancyofaround6%from

2005to2007.By4Q09,vacancyclimbedto26.4%duemainlyto

the delivery of over 1.1 million square feet of partially occupied

newbuildings.However,from4Q08to2Q13,thesenewbuildings

drove absorption totaling almost 900,000 square feet.

LoDo’scurrentinventoryhasswelledto3.9millionsquarefeet,

andvacancystandsat8.3%,thelowestofanyDenversubmarket

ormicromarket.LoDo’sClassArentalrateshaverisento

$34.00/sf—thehighestintheDenvermarket.Aselementsofthe

newUnionStationbegintoopenin2014andsurroundingoffice

developmentsarecompleted,Denver’soldestneighborhoodis

again entering a new phase.

Supply Source: Newmark Knight Frank Frederick Ross Research

116,000

114,000

112,000

110,000

108,000

106,000

104,0002009 2010 2011 2012

Sources:U.S.Census,LongitudinalEmploymentHouseholdDynamics,QuarterlyCensusofEmploymentandWages,DenverPost,DenverBusinessJournal,MetroDenverEconomicDevelopmentCorporation,Rigzone{10}

Number of Employees in Downtown Denver*

*Numbersreflectfourthquartercoveredemployment(JobscoveredbyunemploymentinsuranceasreportedintheQCEW.Thesepositionsrepresent the vast majority of total employment, although the self-employed, some agricultural workers, some domestic workers, and several othercategoriesofworkersareexcluded).

EMPLOYMENT INDOWNTOWNDENVER

IS U

P 2.4%IN THE PAST YEAR

AND

UP 5%SINCE 2010

Characteristics of Downtown Denver workers:Age

• 20%are29oryounger

• 61%arebetween30and54

• 19%are55orolder

Gender

• 53%Male

• 47%Female

Race/Ethnicity

• 74%—White(notHispanicorLatino)

• 14%—HispanicorLatino

• 6%—BlackorAfricanAmerican

• 3%—Asian

• 3%—Otherormorethanonerace

EMPLOYERS & EMPLOYEES DowntownDenverservesastheRockyMountainregion’s

employmenthub,with115,020employeesin2012—2.4%more

employees than in 2011. The largest industries in Downtown

DenverareProfessionalandBusinessServices(31%),

Government(20%),LeisureandHospitality(15%)andFinancial

Activities(12%)*.

Since September 2012, many companies have decided to

relocate or expand into Downtown Denver. Canada Goose

choseDenverfortheirU.S.headquartersandNewaltaCorp.

announced that they will open their first Colorado office in

Downtown Denver. In addition, other companies that made

the decision to locate in Downtown Denver in the past year

include: McGraw Hill, PIXIA, OnDeck Capital, SwiftPage, Seven

Step RPO, Halcón Resources Corporation and Resource

LandHoldings.


SPOTLIGHT: Competitive Startups Are Focusing on Downtown DenverDowntown Denver is a hub of high quality resources for

innovators, budding entrepreneurs and startup companies

throughgreatfacilitieslikeGalvanizeandsupportfrom

academicinstitutions.Additionally,DowntownDenver’s

urban environment is attractive to prospective startup

employees looking to work and live in a vibrant, highly

educated and accessible location. The energy and support

fromeventsandorganizationslikeDenverStartupWeek

andBuiltinDenverareintensifyingtheentrepreneurial

community’sinterestinDowntownDenverwithmultiple

startups moving their offices to Downtown Denver in the

last year.

PROFESSIONAL & BUSINESS SERVICES

GOVERNMENT

LEISURE & HOSPITALITY

FINANCIAL ACTIVITIES

NATURAL RESOURCES & CONSTRUCTION

INFORMATION

WHOLESALE & RETAIL TRADE

OTHER SERVICES

EDUCATION & HEALTH SERVICES

TRANSPORTATION, WAREHOUSING

& UTILITIES

MANUFACTURING

Downtown Metro Denver

18%

15%

11%

7%

5%

4%

15%

4%

12%

3%

6%

31%

20%

15%

12%

7%

4%

3%

2%

2%

1%

1%

{11}

Downtown Denver’s Role in the Metro Region

Sample jobs in Downtown Denver’s largest industry:• Attorney• Marketing Professional• Researcher• Private Investigator• Software Developer• Graphic Designer

Denver was ranked the third best city in the world for oil and gas jobs, accord-ing to Rigzone, a leading industry publication.

While the Education and Health Services industry only accounts for 2% of Downtown Denver’s jobs, it was the fastest growing industry in 2012.

25

20

15

10

5

02003 2004 2005 2006 2007 2008 2009 2010 2011 2012*

Amenities Elevate Downtown Denver’s Quality of LifeResidents who live in and around Downtown Denver enjoy

a high quality of life. Downtown and City Center Neighborhoods

are easy to get around on foot or by bike and have the best

access to public transportation in the entire Denver metro

region. The neighborhoods in and around Downtown Denver

have the highest walk, bike and transit scores in the City

of Denver.

In the past year, two new amenities were announced that

will further enhance the quality of life for Downtown Denver

residents. Students in grades K-5 will be able to attend the

DowntownExpeditionarySchoolbeginninginthe2013/2014

school year. A new King Soopers will open in the 20th and

ChestnutprojectnearDenverUnionStationinlate2014,

providing Downtown residents and commuters a full-service

grocery store in a convenient location.

{12}

Average Walk Score

Average Transit Score

Average Bike Score

Downtown Neighborhoods

87 82 88

City Center Neighborhoods

83 67 91

$1,405AVERAGE RENT

ONE-BEDROOMFor

APARTMENT

$1,256AVERAGE RENT

For

STUDIOAPARTMENT

Downtown Denver Rental RatesDowntown Denver Historical Apartment Vacancy Rate

*Q4vacancyratenotincludedduetoincompletedata

Walk, Bike and Transit Scores of Downtown Neighborhoods

RESIDENTS NewresidentsaremovingtoDowntownDenveranditssurroundingneighborhoodsinrecordnumbers.DowntownDenver’sresidential

populationisprojectedtogrowbyalmost18%inthenextfiveyearsandDowntown’sCityCenterneighborhoodsareprojectedtogrowby

12%. Recent Census data shows that the City of Denver grew by 5% between 2010 and 2012, making it the second-fastest-growing large

city(populationover500,000)intheU.S.

DowntownDenver’sresidentialrealestatemarketreflectsthisstrongpopulationgrowth.AsofAugust2013,over7,000residentialunits

are under construction or planned in Downtown Denver and City Center neighborhoods, apartment vacancy rates are near record lows

and the residential real estate market is surging.


Scores out of 100, with 100 being the best

•DowntownDenver’sprojectedgrowthrateisfivetimesthe

national rate and almost twice that of the City and County

of Denver.

•Denver’sCityCenterneighborhoodresidentshaveasimilar

racialandethnicbreakdowntoColoradoandtheU.S.

•DowntownDenverresidentsarehighly-educated,withalmost

6in10havingaBachelor’sdegreeorhigher,comparedto3in

10 nationally.

Sources:Claritas,www.walkscore.com,U.S.Census,DowntownDenverPartnership,DenverMetroApartmentVacancyandRentSurvey {13}

DowntownCity Center

Neighborhoods

Size and Growth

2013Estimated Residential Population

17,528 65,974

Est.Growth2013-2018 17.7% 12.0%

Households 11,137 39,411

2013Est.Ave.HouseholdSize 1.4 1.6

Growth2000-2013 141.7% 24.8%

Race/Ethnicity

White (notHispanicorLatino)

76.2% 60.3%

HispanicorLatino 8.3% 18.4%

Blackor African American

5.3% 7.4%

Asian 4.4% 2.6%

Other or more than one race 5.8% 11.3%

Age

2013Est.MedianAge 33.9 33.4

Gender

Male 56.9% 55.3%

Female 43.1% 44.7%

Education/Income

Percent of Population with Bachelor’sDegreeorhigher

58.5% 50.8%

2013Est.Average Household Income

$76,263 $60,283

2013Est.MedianAllOwner-Occupied Housing Value

$361,029 $278,660

Presence of Vehicles

2013Est.Households No Vehicles

25.2% 24.3%

Resident Demographics

{14}

$40,000,000

$35,000,000

$30,000,000

$25,000,000

$20,000,000

$15,000,000

$10,000,000

$5,000,000

2006 2007 2008 2009 2010 2011 2012

$-

$4,500,000

$4,000,000

$3,500,000

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

JAN

FEB

MARC

H

APRI

L

MAY

JUNE

JULY AUG

SEPT OC

T

NOV

DEC

$500,000

$0

8.0%

7.5%

7.0%

6.5%

6.0%

5.5%

5.0%2005 2006 2007 2008 2009 2010 2011 2012

Sources: Downtown Denver Partnership, City of Denver, Visit Denver, Newmark Grubb Knight Frank, CoStar

Downtown Sales Tax Collected—Annual Totals

2012 Downtown Sales Tax Collections by Month

Downtown Denver’s Share of the City of Denver’s Annual Sales Tax Collections

RETAIL & RESTAURANTS

• Over1,000retailestablishmentsarelocatedinDowntown

Denver, providing ample options for eating, entertainment,

shopping and more.

• In2012,DowntownDenverretailestablishmentscollected

$37,487,637insalestaxfortheCityofDenver,representing

7.6%oftheCityofDenver’stotalsalestaxrevenue.

• The16thStreetMallaccountedfor32%oftotalsalestax

collected in Downtown Denver and remains the most popular

attraction for Metro Denver visitors.

• DowntownDenverhas3.2millionsquarefeetofretailspace

with a 4.4% vacancy rate.

• Themedianaskingrateforretailleasesis$23.75NNNper

square foot.

• Over50retailersandrestaurantshaveopenedsince

July2012,including:HapaSushi,JohnFluevogShoes,

Larkburger,HaileeGrace,NovoCoffee,PizzaRepublica,

ViewHouseEatery&Bar,Gather,Tom’sUrban24,Eperney,

and Southern Hospitality.


AVERAGE DAILY PEDESTRIAN TRAFFIC

40,000+

30,000-39,999

20,000-29,999

10,000-19,999

0-9,999

{15}

Manufacturing 6%

Restaurants 48%

Hotel and Other Accommodation

Services 16%

Clothing/Accessory Stores 8%

Miscellaneous Stores 6%

Other Categories (less than3% each)

Motor Vehicles andAuto Parts 4%

Information Producers/Distributors 5%

2012 Sales Tax Collections by Industry

CH

ERR

Y C

REE

K T

RA

IL

CH

ERR

Y C

REE

K T

RA

IL

Trim

RTD LIGHT RAIL

RTD LIGHT RAIL

CENTENNIALGARDENS COMMONS PARK

CIVICCENTER

PARK

CONFLUENCEPARK

SKYLINEPARK

LARIMER SQUARE

WRITER SQUARE

DENVER PAVILIONS

COLORADOCONVENTION

CENTER

COORSFIELD

RTDCIVIC CENTER

STATION

DENVER PERFORMING

ARTS COMPLEX

MARKET STREETSTATION

DENVER UNIONSTATION

19TH

ST

18TH

ST

INCA ST

W 29TH AVE

13TH

ST

CHESTNUT PL

FOX ST

BASSETT ST

HURON ST

WEWATTA ST DELGANY STWEWATTA ST

FOX STEL

ITCH CIR

COURT PL

CLEVELAND PLELATI S

T

TREMONT PL

DELAWARE ST

WASHIN

GTON ST

EMERSON ST

GLENARM PLGLENARM PL

WAZEE ST

E 18TH AVE25

TH S

T

WELTON ST

MARKET ST

21S

T S

T

24TH

ST

17TH

ST

KALAMATH ST

LIPAN S

T

SANTA FE DR

GALAPAGO STWELTON ST

16T

H S

T M

AL

L

LOGAN ST

GRANT ST

CALIFORNIA ST CALIFORNIA ST CALIFORNIA ST

CURTIS ST

W 13TH AVE

BLAKE ST

ARAPAHOE ST

TREMONT PL

SHERMAN ST

18TH

ST

LARIMER ST

LAWRENCE ST

W COLFAX AVE

WYNKOOP ST

E 20TH AVEE 19TH AVE

14TH

ST

22N

D S

T

PA

RK

AV

E

15TH

ST

19TH

ST

2 W

AY U

NTIL

WAZ

EE

20TH

ST

PAR

K A

VE

DOWNING ST

CHAMPA ST

STOUT ST

BROADWAY

SP

EER

BLV

D

SPEE

R B

LVD

UNIONGATEWAY

BRIDGELIGHT RAIL

PLAZA

16TH

ST

MA

LL5,449

35,046

38,977

36,029

3,912 9,147 6,245

44,924

34,247

30,805

6,68618,502

18,9973,026

LarimerSquarehasmorepedestrian

traffic in the evening than during the

middle of the day, unlike the rest of

Downtown Denver.

16th Street between California and

Stout Street is the busiest block in

Downtown Denver on an average day.

During a Rockies game, pedestrian

traffic increases five-fold on

BlakeStreetbetween18thStreet

and 19th Street.

Downtown Pedestrian Count Highlights

Pedestrian traffic on an average day in

Downtown Denver ranges from a high

of 44,924 pedestrians per block to a low

of 400 pedestrians per block. For more

information about pedestrian traffic

throughout Downtown Denver, visit

www.DowntownDenver.com.

Average Daily Pedestrian Traffic:

{16}

Over42,000studentsattendpublicnot-for-profitinstitutionsofhighereducationinDowntownDenver.Inaddition,over13,000students

attend various trade and private for-profit institutions that have classroom space in Downtown Denver.

Sources:AurariaHigherEducationCenter,DenverPost,DenverInfill,MetroStateUniversityDenver,UniversityofColoradoDenver,CommunityCollegeofDenver, ColoradoStateUniversity

LOOKING AHEAD: Enhancing Connections to AurariaTheAurariaHigherEducationCenter,hometotheUniversity

ofColoradoDenver,MetropolitanStateUniversityofDenver

and the Community College of Denver, had been historically

disconnected from the rest of Downtown Denver. The 2007

Downtown Area Plan called for fully integrating the campus

and Downtown Denver core through improvements to

physical, social, economic and programmatic connections. In

2013,theConnectingAurariastudykickedoffitsexamination

of how to improve the existing connections between Auraria

andthecampus’ssurroundingneighborhoods,suchasthe

CommercialCore,LoDo,GoldenTriangleandLaAlma/Lincoln

Park. In addition to the Connecting Auraria study, recent

incremental improvements have already been implemented,

such as the addition of a campus bike lane on Curtis Street

andplantersandbannersalongLarimerStreet,improvingthe

pedestrianenvironmentalongoneofAuraria’smosttraveled

pedestrian access points.

Institution Fall 2012 Enrollment

MetropolitanStateUniversity 21,520

UniversityofColoradoDenver 13,102

Community College of Denver 7,443

ColoradoStateExecutiveMBA

Program

32

TOTAL 42,097

Schools in Downtown Denver

STUDENTS & UNIVERSITIES


A Year of Investment at Auraria Campus$254,000,000 has been invested in new buildings at the Auraria Campus in the last year. All projects were funded through revenue,

student fees and other private sources. In addition, numerous other not-for-profit institutions of higher education and private, for-profit

institutions located in other areas of Downtown Denver have added or enhanced their academic facilities over the past year. For example,

theUniversityofColoradoDenvercompleteda$20,000,000renovationoftheirBusinessSchoolon15thandLawrenceStreetsinthefall

of 2012, creating a consolidated space that can accommodate over 5,000 students daily.

{17}

CHERRY CREEK TRAIL

CHERRY CREEK TRAIL

.

DENV

ER U

NION

STAT

ION

COLORADOCONVENTION

CENTER

DENVER PERFORMING

ARTS COMPLEX

COORSFIELD

PEPSICENTER

STATECAPITOL

SOU

TH P

LATT

ER

IVER

GR

EEN

WAY

7TH ST

LYLE CT

19TH ST

18TH ST

9TH ST

BRYANT ST

VALLEJO

ST

JASON ST

31ST ST

32ND ST

W BYR

ON PL

INCA ST

W 12TH PL

ERIE

ST

12TH ST

W 29TH ST

LAFAYE

TTE ST

W 29TH AVE

W 9TH AVE

E SPEER BLVD

13TH ST

ALCOTT ST

CH

ESTN

UT

PL

CRES

CEN

T D

R

12TH ST

14TH ST

ELIZABETH ST

FOX ST

W 20TH AVE

BRYANT ST

18TH ST

BAS

SETT

ST

GLE

NAR

M P

L

VALLEJO

ST

LARI

MER

ST

E 19TH AVE

29TH ST

HURON ST

BRYANT ST

WEW

ATTA

ST

WES

TON

ST

SHOSHONE ST

W 28TH AVE

35TH ST

GILPIN ST

31ST ST

W 10TH AVE

TEJON ST

17TH ST

W BARBERRY PL

19TH ST

W CAITHNESS PL

RO

CKM

ONT

DR

ELIZABETH ST

WEW

ATTA

ST

W 31ST AVE

DECATUR ST

CANOSA CT

ELIZABETH ST

DENARGO ST

W 11TH AVE

MARION ST

CHOP

PER

CIR

CLE

W ARGYLE PL

FOX ST

E 20TH AVE

ELITCH CIR

LITTLE RAVEN ST

YUM

A ST

LIPAN ST

RIO CT

SEMINOLE RD

DENARGO MARKET

31ST ST

W DUNKELD PL

CURT

IS S

T

34TH ST

W 7TH AVE

COU

RT

PL

CLEV

ELAN

D P

L

E 30TH AVE

HUMBOLDT ST

W 9TH AVE

W 26TH AVE

W 27TH AVE

UMATILLA ST

VALLEJO

ST

BO

ULD

ER S

T

MARIPOSA ST

E 31ST AVE

UMATILLA ST

ELATI ST

W 7TH AVE

E 12TH AVE

W 11TH AVE

LAFAYE

TTE ST

FOX ST

DELAWARE ST

DECATUR ST

NAVAJO

ST

ALCO

TT S

T

PLAT

TE S

T

MARION ST

5TH ST

GLOB

EVILL

E R

D

33RD ST

GILPIN ST

TREM

ON

T PL

BRYANT ST

NAVAJO

ST

29TH ST

GILPIN ST

WYANDOT ST

ALCOTT STBRYA

NT ST

QUIVAS ST

VALLEJO

ST

SHOSHONE ST

MILWAUKEE ST

W 10TH AVE

DELAWARE ST

ACOMA ST

WASHINGTON ST

EMERSON ST

WAL

NU

T ST

MILWAUKEE ST

EMERSON ST

ARKI

NS

CT

CLAY ST

OSAGE ST

ELATI ST

MIL

E H

IGH

WAL

K

GLE

NAR

M P

L

7TH ST

27TH ST

W 9TH AVE

GLE

NAR

M P

L

CHEROKEE STDECATUR ST

WAZ

EE S

T

TEJON ST

HIGH ST

26TH ST

WILLIAMS ST

30TH ST

GILPIN ST

E 18TH AVE

OGDEN ST

E 30TH AVE

28TH ST

ZUNI ST

W COLFAX AVE

25TH ST

WEL

TON

ST

MIL

E HI

GH S

TADIUM CIR

INCA ST

MAR

KET

ST

BANNOCK ST

CLAY ST

21ST ST

E 28TH AVE

FRANKLIN ST

24TH ST

27TH ST

GALAPAGO ST

W 33RD AVE

W 32ND AVE

E 27TH AVE

W 14TH AVE

E 14TH AVE

E 13TH AVE

E 18TH AVE

HUMBOLDT ST

E 33RD AVE

17TH ST

CLAYTON ST

JOSEPHIN

E ST

COLUMBINE ST

W 11TH AVE

ZUNI ST

MARIPOSA ST

KALAMATH STLIPAN ST

SANTA FE DR

GALAPAGO ST

E 24TH AVE

E 25TH AVE

E 10TH AVE

FILLMORE ST

E 12TH AVE

E 11

TH AVE

MARION ST

MARION ST

OGDEN ST

HUMBOLDT ST

WEL

TON

ST

LIPAN ST

W 34TH AVE

16TH ST MALLW 35TH AVE

W 35TH AVE

E 35TH AVE

E 29TH AVE

E 29TH AVE

PEARL ST

PENNSYLVANIA ST

E 34TH AVE

E 34TH AVE


E 36TH AVE

E 37TH AVE

WAL

NU

T ST

W 36TH AVE

W 36TH AVE

FRANKLIN ST

FRANKLIN ST

W 37TH AVE

W 37TH AVE

WILLIAMS ST

WILLIAMS ST E 26TH AVE

CLARKSON ST

WASHINGTON ST

LOGAN ST

HIGH ST

HIGH ST

GRANT ST

CALI

FOR

NIA

ST

CALI

FOR

NIA

ST E 16T

H AVE

E 16TH AVE

W COLFAX AVE

CUR

TIS

STCU

RTI

S ST

CUR

TIS

ST

W 13TH AVE

W 13TH AVE

BLA

KE

STB

LAK

E ST

E 13TH AVE

E 17TH AVE

E 17TH AVE

VINE ST

VINE ST

VINE ST

VINE ST

RACE ST

RACE ST

RACE ST

GAYLORD ST

GAYLORD ST

GAYLORD ST

ARAP

AHO

E ST

TREM

ON

T PL

ELIOT ST.

SHERMAN ST

18TH ST

DEL

GAN

Y ST

CALI

FOR

NIA

ST

AUR

ARIA

PAR

KW

AY

LAR

IMER

ST

LAR

IMER

ST

LAW

REN

CE S

TLA

WR

ENCE

ST

W COLFAX AVE

WAT

ER S

T

OGDEN ST

32ND ST

WYN

KO

OP

ST

PECOS ST

N SPEER BLVD

W 23RD AVE

CEN

TRAL

ST

W 8TH AVE VIAD

E 23

RD AVE

OSAGE ST

E 20TH AVE

W 29TH AVE

W 8TH AVE

14TH ST

BR

IGH

TON

BLV

D

22ND ST

15TH ST

19TH ST

W 8T

H AVE

15TH ST

E 31ST AVE

KALAMATH ST

MARTIN LUTHER KIN

G BLV

D

20TH ST

LINCOLN ST

W 6TH AVE

PARK AVE

DOWNING ST

DOWNING ST

CHAM

PA S

TCH

AMPA

ST

STO

UT

ST

BROADWAY

YORK ST

YORK ST

SPEER BLVD

W 6T

H AVE

CORONA ST

BROADWAY

DOWNING ST

STO

UT

ST

E 19TH AVE

72

64

47

60

25

Metropolitan State University of Denver Student Success Building• Completed March 2012

• $62,000,000 project

• 145,000 square feet

• Administrative and support services forMSUDenverstudents

• FirstbuildinginMSU Denver’sneighborhood

University of Colorado Denver Academic Building One• Underconstruction,scheduledfor

completion in August 2014

• $60,000,000 project


•Will house support services and larger lecture room

Community College of Denver Confluence• CompletedMay2013

• $50,000,000 project


• Administrative and support services for CCD students

• CriticalpartofcreatingCCD’sneighborhood on Auraria Campus

Spring Hill Suites Denver Downtown and Metropolitan State University Hotel and Hospitality Learning Center• Completed August 2012

• $45,000,000 project

• 162,000 square feet and 150 room hotel

•Hotel and learning laboratories for hospitalitystudentsatMSUDenver

• First hotel on the Auraria Campus, providing a much needed amenity for visiting students, family and adjacent neighborhoods

Metropolitan State University of Denver Athletic Fields• Underconstruction,Phase1completedinAugust2013

• $17,000,000 project

• Subsequent phases will include baseball, softball and soccer fields

• Project is adding bike connectivity between13thAveandthe Auraria Campus

AHEC 5th Street Parking Garage• Underconstruction;scheduledtobe

completed in 2014

• $20,000,000 project

• 917 space, four-story parking structure with 15,000 square feet ofgroundfloorretailspace

{18}

Car Sharing & Bike Sharing• 30B-CyclestationsarelocatedinDowntownDenverandover

125,000 bikes were checked out at these Downtown stations

in 2012.

• DowntownDenverishometo50carsharevehicleswith

dedicated parking spaces operated by five different car share

companies:car2go,eGoCarShare,Hertz24/7,OccasionalCar

and Zipcar.

Transit•57RTDbusroutesserveDowntownDenver.

•6lightraillinesstopat11lightrailstationsinDowntownDenver.

•Approximately45,000peopleboardedthe16thStreetMallshuttle

per day in 2012.

TRANSPORTATIONDowntown Denver serves as the transportation hub for the region, providing numerous transportation options for Downtown Denver

residents, employees and visitors. Transportation options are only expanding with the addition of light and commuter rail lines, the

installationofbikelanes,theexpansionofDenver’sbike-sharingsystemandmorecar-sharingoptions.Havingavarietyoftransportation

optionsisimportanttomembersoftheMillennialGeneration,whoarelesslikelytoownacar.MillennialsenjoyDenver’sbikeshare

program, multiple car share programs, strong public transit system and walkable neighborhoods.

Drive Alone 38.7%

Vanpool 0.5%

Use Transit 44.6% Telework 0.8%

Moped/Scooter/Motorcycle 1.8%

Walk 3.8%

Bike 4.3%

Carpool 5.6%

How Do Downtown Denver Employees Get to Work?

OVER60%

ofDOWNTOWN DENVEREMPLOYEES

TRANSIT,WALK, BIKE OR SHARE THE RIDE

use

TO WORK

•OpenedApril26,2013

•FirstFasTrackslinetoopen

•12.1milesoflightrail

•11newstations

•5,605parkingspaces

•$707Mcapitalcost

•Expectedridership

> 19,300–2013

> 29,700–2030

SPOTLIGHT: West Rail Line


{19}

Automobiles•Thereare43,305off-streetparkingspacesinDowntownDenver:

> 33,037spacesinparkinggarages

> 10,268 spaces in lots

•Themedianratesforparkinggaragesandsurfaceparkinglots

have remained relatively stable, with a slight increase in the past

year. The median daily max rates are $16.00 for parking garages

and $8.00 for surface parking lots. The median monthly rates are

$177.50 for parking garages and $117.50 for surface parking lots.

•Parkingratesvarywidelybyneighborhood. Moredetailedparking

rate information can be found at www.downtowndenver.com.

Bicycling•13milesofexistingbikelanes,includingnew15thStreetbikelane

•5milesofsharrows

•5.5milesoftrails

LOOKING AHEAD: Denver Union Station

DenverUnionStationisauniqueandtransformativedevelopmentprojectthatisalreadychangingDowntownDenver.As

thefuturemulti-modaltransithuboftheRockyMountainregion,thepubliclyfundedDenverUnionStationInfrastructure

Redevelopment project is spurring significant private development around the transit center. While this multi-billion dollar

project has been in the works for almost a decade, 2014 will mark the beginning of a series of official grand openings scheduled

to occur over the next several years.

• DenverUnionStationBusComplexisscheduledtoopenMay9,2014.

• 110-roomboutiquehotelintherenovatedhistorictrainstationwillopenJune2014.

• Over22,000squarefeetofnewretailspaceaddedtothehistorictrainstation,includingrestaurantconceptsbyTheKitchen,

SnoozeandChefAlexSeidel.

• Publicspaceswillopenthroughoutearly2014.

• Eightprivatedevelopmentsareunderconstruction,investingapproximately$400millionintheCentralPlatteValley—Commons

andLowerDowntownneighborhoodsaroundDenverUnionStation,withmanymoreprojectsintheplanningstages.

• Threenewcommuterraillinesarescheduledtoopenin2016,includingtheEastLinetoDenverInternationalAirport.

Sources:DowntownDenverPartnership,City&CountyofDenver,DenverBikeSharing,DenverUnionStationProjectAuthority,andRegionalTransportationDistrict

{20} Sources: Downtown Denver Partnership, City of Denver, CoStar, Colorado Convention Center

ENVIRONMENTDowntownDenver’sresidents,employees,employersandvisitorsenjoyahealthygreen

environment and a culture of sustainability:

• 152acresofparksandopenspaceinDowntownDenver

• 51EnergyStarcertifiedbuildingsinDowntownDenver

• 39LEEDcertifiedbuildingsinDowntownDenver

• 2,075treeslocatedintheBusinessImprovementDistrict

• TheColoradoConventionCenterinDowntownDenverhasthemostinnovativegreen

initiativesinthecountry,accordingtoaleadingtradeshowmagazine

• TheCityofDenveristheonlycityintheU.S.toreceivecertificationtotheISO

14001:2004standardbyLloyd’sRegisterQualityAssurance,Inc.fortheCity’s

EnvironmentalManagementSystem.ThiscertificationrewardsDenver’s

commitment to making City buildings, property and processes more sustainable.

Selected Parks In Downtown Denver

PARK ACRES

City of Cuernavaca Park 29.1

Commons Park 19.7

Gates Crescent Park 14.2

Civic Center Park 12.5

Centennial Park 6.6

Fishback Park 4.0

SpeerBlvdPark 3.5

Skyline Park 3.2

ConfluencePark 2.9

DCPA Sculpture Park 2.5

Denver Skate Park 2.4

ConfluenceEastPark 1.3

Creekfront Park 1.0

SPOTLIGHT: Downtown Denver Garden BlockTheDowntownDenverGardenBlockisanoasisonthe16th

Street Mall bringing a unique environment to the block

between Champa and Curtis Street. Installations of various

small gardens, representative of those featured at the

DenverBotanicGardens,createapocketparkonthe16th

Street Mall, giving Downtown Denver visitors, residents and

workers a beautiful place to eat, meet, linger and enjoy the

urban landscape.


{21}

{22}

When visitors come to Denver for business or pleasure, they

are likely to spend time in Downtown Denver. Six of the top ten

attractions for Metro Denver visitors are located in Downtown

Denver, and the 16th Street Mall remains the top visitor

destination. The award-winning Colorado Convention Center

hosted 915,000 visitors in 2012.

Downtown Denver is home to 24 hotels with over 8,850 hotel

rooms. This represents almost 20% of the hotel rooms in the entire

ten-county Metro Denver region. Demand for Downtown Denver

hotel rooms remains high, with hotels enjoying rising occupancy

and room rates. Three hotel projects are under construction and

one hotel project is proposed. When completed, these four projects

willaddanother850roomstoDowntown’shotelmarket.

2,000,000

1,800,0001,753,271

1,600,000

1,400,000

1,200,000

1,000,000

800,000

600,000

400,000

400,000

2003 2004 2005 2006 2007 2008 2009 2010 2011 20120

76%

74%73.4%

72%

70%

68%

66%

64%

62%

60%

58%

56%

2002

2001

2000

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

$170.00

$160.00 $153.50

$150.00

$140.00

$130.00

$120.00

$110.00

$100.00

$90.00

$80.00

2002

2001

2000

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

Major Conventions at the Colorado Convention Center August 2012–July 2013

Convention Attendance

SnowSports Industries America 19,000

American Institute of Architects 17,000

International Association of Fire Chiefs 15,000

American Water Works Association 12,000

Heart Rhythm Society 11,500

Colorado Crossroads Volleyball Tournament 11,000

National Council of Teachers of Mathematics 11,000

American College of Emergency Physicians 9,500

Sources:VisitDenver,DowntownDenverPartnership,RockyMountainLodgingReport2000-2012

Downtown Denver Total Hotel Room Nights

Downtown Denver Hotel Market Occupancy Percentage

Downtown Denver Average Room Rate

TOURISM


Facility 2012 Attendance

Children’sMuseumofDenver 348,459

Coors Field 2,630,458

Denver Art Museum 589,296

Denver Performing Arts Complex 1,236,811

DenverPublicLibrary-Central 949,429

Elitch Gardens Theme and Water Park 1,100,000

Museum of Contemporary Art 42,426

Pepsi Center 2,000,000

Sports Authority Field at Mile High 840,000

U.S.Mint 42,007

{23}

Downtown Denver is home to a variety of cultural institutions,

museums and sports venues. From opera to football, Downtown

Denver is the place to be. The Denver Performing Arts Complex

isthenation’ssecond-largestperformingartscomplexwith10

performance spaces, including an opera house, concert hall and

varioustheatres.Theregion’spremiermuseumsarelocatedin

Downtown Denver. The Denver Art Museum, Clyfford Still Museum,

Denver Museum of Contemporary Art and the History Colorado

Center provide a variety of permanent and temporary exhibits for

Denver visitors and residents to enjoy.

Families have many reasons to visit Downtown Denver. In addition

to family-friendly exhibits at the many museums, families love

visitingtheDowntownAquarium,theChildren’sMuseumofDenver

and Elitch Gardens Theme and Water Park.

Sports fans of all kinds can attend over 200 games played annually

atDenver’smajorsportsvenueslocatedinandadjacentto

Downtown Denver at The Pepsi Center, Coors Field, and Sports

Authority Field at Mile High. Downtown Denver also hosts the

finalstageoftheUSAPro-CyclingChallengeandmanyother

professional and amateur sporting events.

Sample Downtown Events

Dr.MartinLutherKing,Jr.Marade January

NationalWesternStockShowParade January

DenverSt.Patrick’sDayParade March

Doors Open Denver April

Cinco de Mayo Festival May

DenverComicCon May-June

Denver Cruiser Ride May-September

Denver Day of Rock May

Denver Derby Party May

Downtown Denver Arts Festival May

Kaiser Permanente Colfax Marathon May

CapitolHillPeople’sFair June

CherryBlossomFestival June

CivicCenterEATS June-September

DenverBiketoWorkDay June

DenverChalkArtFestival June

DenverPrideFest June

InnovAgeMoonlightClassic June

MakeMusicDenver June

IndependenceEveatCivicCenter July

SouthwestMoviesatSkylinePark July-August

UndergroundMusicShowcase July

A Taste of Colorado August

Komen Race for the Cure September

USAProCyclingChallenge September

Columbus Day Parade October

Denver Zombie Crawl October

Gorilla Run October

GreatAmericanBeerFestival October

Oktoberfest October

Rockn’RollMarathon October

Denver Christkindl Market November-December

Grand Illumination November

Southwest Rink at Skyline Park November-February

StarzDenverFilmFestival November

9NewsParadeofLights December

NewYear’sEveFireworks December

CULTURE, ENTERTAINMENT, SPORTS & EVENTS

Source: Visit Denver, Downtown Denver Partnership


Downtown Denver Inc. Board of Directors 2013–2014

Walter Isenberg, Sage Hospitality, Chairman

Rob Cohen, IMA Financial Group, Inc., Vice Chair

Trinidad Rodriguez, D.A. Davidson & Co., Treasurer

Ralph Pace, US Bank, Secretary

Jim Basey, Centennial Bank

Mike Bearup, KPMG LLP

Scott Bemis, Denver Business Journal

Molly Broeren, Molly’s of Denver

Kristin Bronson, Rothgerber Johnson & Lyons LLP

Brad Buchanan, RNL Design

Chad Calvert, Noble Energy

Chris Castilian, Anadarko Petroleum Corporation

Stephen Clark, S. B. Clark Companies

Mark Cornetta, 9News

Dana Crawford, Urban Neighborhoods, Inc.

Andre Durand, Ping Identity

David Eves, Public Service Company, an Xcel Energy Company

Cole Finegan, Hogan Lovells US LLP

Bob Flynn, Crestone Partners, LLC

Mark Goodman, Boyer’s Coffee

Jim Greiner, iTriage, LLC

Tom Grimshaw, Spencer Fane & Grimshaw, LLP

Lisa Halbleib, Century Link

Todd Hartman, Callahan Capital Partners

Michael Hobbs, Guaranty Bank and Trust Company

Kathy Holmes, Holmes Consulting Group

Bruce James, Brownstein Hyatt Farber Schreck

Steve Katich, J.E. Dunn Construction Co.

David Kenney, The Kenney Group

Pete Khanna, TrackVia, Inc.

Dick Kirk, Richard A. Kirk & Associates

Gail Klapper, The Klapper Firm

Kim Koehn, K2 Ventures, LLC

Mike Komppa, Corum Real Estate Group

Tom Lee, Newmark Grubb Knight Frank

Laura Love, Groundfloor Media

Dan May, Renal Ventures

John Moye, Moye White

Will Nicholson, Rocky Mountain BankCard Systems, Inc.

Ralph Pace, US Bank

Ray Pittman, CB Richard Ellis

Susan Powers, Urban Ventures LLC

Gary Reiff, Black Creek Group

Jon Robinson, UMB

Maja Rosenquist, Mortenson Construction

Kathy Seidel, Northern Trust Bank of Colorado

David Shapiro, DaVita Inc.

John Shaw, McWhinney

Charlita Shelton, University of the Rockies

Marc Spritzer, CoBiz Financial

George Thorn, Mile High Development

Deborah Wapensky, Vectra Bank Colorado

Travis Webb, BKD CPAs & Advisors

Tracy Winchester, Five Points Business District

David Wollard

John Yarberry, Wells Fargo

Mike Zoellner, RedPeak Properties

Denver Civic Ventures Board of Directors 2013–2014

Joe Vostrejs, Larimer Associates, Chairman

Bill Mosher, Trammell Crow Company, Vice Chair

Trinidad Rodriguez, D.A. Davidson & Co., Treasurer

Meg VanderLaan, MWH Global, Inc., Secretary

Bruce Alexander, Vectra Bank Colorado

Sueann Ambron, Univ of Colo Denver, Business School

Holly Barrett, LoDo District, Inc.

Ray Bellucci, TIAA-CREF

Ferd Belz, L.C. Fulenwider, Inc.

Peter Bowes, Bowes and Company

Marvin Buckels

Frank Cannon, Union Station Neighborhood Company

Dee Chirafisi, Kentwood City Properties

Cheryl Cohen-Vader, Stapleton Development Corporation

Gene Commander, Polsinelli

Gary Desmond, NAC Architecture

Kelly Dunkin, The Colorado Health Foundation

Taryn Edwards, Saunders Construction Co.

Greg Feasel, Colorado Rockies Baseball Club

Patty Fontneau, Connect for Health Colorado

Mac Freeman, Denver Broncos

Michael Glade, Molson-Coors Brewing Company

Jerry Glick, Columbia Group Limited, LLLP

Tom Gougeon, Gates Family Foundation

Beth Gruitch, Rioja

Ismael Guerrero, Denver Housing Authority

Randy Hammond, JPMorgan Chase

Amy Hansen, Otten Johnson Robinson Neff & Ragonetti

Rus Heise

Doug Hock, Encana

Don Hunt, Colorado Department of Transportation

Jennifer Johnson

Jim Johnson, JG Johnson Architects

Stephen Jordan, Metropolitan State University of Denver

Brian Klipp, klipp—a division of gkworks

Greg Leonard, Grand Hyatt

Roland Lyon, Kaiser Foundation Health Plan of Colorado

Evan Makovsky, NAI Shames Makovsky

Gene Myers, New Town Builders

Cindy Parsons, Comcast

Bill Pruter, The Nichols Partnership

Sarah Rockwell, Kaplan Kirsch Rockwell LLP

Ken Schroeppel, University of Colorado Denver, College of Architecture & Planning

Tim Schultz, Boettcher Foundation

Chip Schweiger, Grant Thornton

Glen Sibley, Fleisher Smyth Brokaw

Mark Sidell, Gart Properties

David Sternberg, Brookfield Office Properties

Jean Townsend, Coley Forrest, Inc.

David Tryba, Tryba Architects

Elbra, Wedgeworth, Denver Health

Wendy Williams, Vector Property Services, LLC

Downtown Denver Business Improvement District Board

Ed Blair, Embassy Suites Denver, Chair

Josh Fine, Focus Property Group, Vice Chair

Josh Comfort, Real Estate Development Services, Treasurer

Susan Cantwell, The Gart Companies, Secretary

Dorit Fischer, NAI Shames Makovsky

Kevin McCabe, Newmark Grubb Knight Frank

Myra Napoli, Brookfield Office Properties

DDP Staff Contributors / Editors

The State of Downtown Denver report is created by the Downtown Denver Partnership Research Department. Staff contributors and editors include: Emily Brett, Aylene McCallum, John Desmond, Jim Kirchheimer, Brian Phetteplace, Bonnie Gross, Ryan Sotirakis, Aneka Patel, Susan Rogers-Kark, Beth Warren, Amanda Jimenez and Tami Door.

Information Sources

American College of Sports Medicine, American Forests, Auraria Higher Education Center, Brookings, Business Journals, Businessweek.com, CardHub, Central Connecticut State University, City of Denver, Claritas, CleanEdge, Colorado Convention Center, Colorado State University , Community College of Denver, CoStar, Denver Business Journal, Denver Infill, Denver Metro Apartment Vacancy and Rent Survey, Denver Post, Denver Union Station Project Authority, Downtown Denver Partnership, Entrepreneur Magazine, Forbes, Gallup, Kiplinger’s, LedgerLink, Longitudinal Employment Household Dynamics, Metro Denver Economic Development Corporation, Metro State University Denver, NerdWallet, Newmark Grubb Knight Frank, Quarterly Census of Employment and Wages, Regional Transportation District, Rigzone, Rocky Mountain Lodging Report 2000–2012, Travel + Leisure, U.S. Census Bureau, Under30CEO, University of Colorado Denver, Visit Denver, www.walkscore.com

Graphic Design

Pure Brand Communications

For errata

Please visit www.downtowndenver.com

“�A�city�is�a�place�where�there�is�no�need�to�wait�for�next�week�to�get�the�answer�to�a�question,�to�taste�the�food�of�any�country,�to�find�new�voices��to�listen�to�and�familiar�ones�to�listen�to�again.”�

� —�Margaret�Mead

Published in September 2013 by:

Downtown Denver Partnership 511 16th Street, Suite 200 Denver, CO 80202

303.534.6161

www.downtowndenver.com

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