1. OR HIGHER
6/10DOWNTOWNRESIDENTShave a
BACHELOR'SDEGREE
915,000
COLORADO CONVENTION CENTER
ATTENDEES IN 2012 DOWNTOWN&CITYCENTERNEIGHBORHOODS
7,000RESIDENTIALUNITSUNDER CONSTRUCTION
PLANNED
OR
DOWNTOWNDENVER’S
5XNATIONALGROWTHRATE
PROJECTEDGROWTHRATE
152{IN}
PARKS
DOWNTOWNDENVER
ACRESOFIN INVESTMENT
$
636,000,000
through
PROJECTS COMPLETED
142GROWTH
in
% RESIDENTIAL POPULATION
Since 2000
DOWNTOWN’S
3,200,000FT2
RETAILSPACEof
60%DOWNTOWNEMPLOYEES
to work
OF
USE TRANSIT,
OR
CARPOOL
BIKE, WALK
RESIDENTS
25%
OWNACAR
DON’T
STATE
of
DOWNTOWN
DENVER
–2013–
65,974RESIDENTS
DOWNTOWNDENVER
{IN}
CITYCENTERNEIGHBORHOODS
AND
115,020EMPLOYEES
DOWNTOWNDENVER
$76,263
For
DOWNTOWN
HOUSEHOLDS
AVERAGEINCOME
DENVER
in
IN THE PAST YEAR
55,000
STUDENTS
OVER
ATTEND CLASSES
DOWNTOWNDENVER
in
in
27.1MILLIONSQUAREFEET
OFFICESPACE
[OF]
3. 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}
6. DENVER’S DOWNTOWN AREA PLAN
In 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
.
NOINUREVNED
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COLORADO
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Prosperous
• The Downtown of the Rocky
Mountain Region
• Energizing the Commercial Core
• A Comprehensive Retail Strategy
• Clean and Safe
Walkable
• An Outstanding Pedestrian
Environment
• Building on Transit
• Bicycle City
• Park the Car Once
• Grand Boulevards
Diverse
• Downtown Living
• A Family-Friendly Place
• Embracing Adjacent
Neighborhoods
• An International Downtown
Distinctive
• District Evolution
• Connecting Auraria
• Downtown’s New Neighborhood:
Arapahoe Square
Green
• An Outdoor Downtown
• A Rejuvenated Civic Center
• Sustainable Use of Resources
{4}
Downtown Denver Boundaries
The 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, Lower Downtown (LoDo), Commercial Core, Cultural Core, Golden
Triangle, Arapahoe Square and Ballpark.
City Center Neighborhood Boundaries
The City Center area includes Downtown Denver and its surrounding residential
neighborhoods. Its boundaries extend beyond the Downtown Denver boundary to include
the following neighborhoods: Highland, Ballpark, Curtis Park, Five Points, Uptown,
Capitol Hill, La Alma/Lincoln Park and Jefferson Park.
CENTRAL
PLATTE VALLEY
PROSPECT
CENTRAL
PLATTE VALLEY
COMMONS
CENTRAL
PLATTE VALLEY
AURARIA
LODO
BALLPARK
ARAPAHOE
SQUARE
COMMERCIAL CORE
AURARIA
CULTURAL
CORE
GOLDEN
TRIANGLE
STATEOFDOWNTOWNDENVER // SEPTEMBER2013
8. {6}
Downtown Denver is buzzing with construction activity. Between July 2012 and July 2013,
10 projects were completed, representing over $636,000,000 of investment and over 2.2
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
STATEOFDOWNTOWNDENVER // SEPTEMBER2013
$
636,000,000
IN THE PAST YEAR
9. CHERRY CREEK TRAIL
CHERRY CREEK TRAIL
DENVERUNION
STATION
COLORADO
CONVENTION
CENTER
DENVER
PERFORMING
ARTS COMPLEX
COORS
FIELD
PEPSI
CENTER
STATE
CAPITOL
SOUTHPLATTE
RIVERGREENWAY
19TH ST
18TH ST
9TH ST
T
IN
CA
ST
W
12TH
PL
12TH ST
W 29TH ST
W
2
9TH
AVE
W
9TH
AVE
E SPEER BLVD
13TH ST
CHESTNUTPL
12TH ST
14TH ST
FOX
ST
BASSETTST
GLENARMPL
LARIMERST
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19TH
AVE
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IST
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W
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14TH
AVE
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ARIPOSA
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SYLVAN
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CLARKSON
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CALIFORNIASTCALIFORNIAST
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16TH
AVE
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COLFAX
AVE
CURTISSTCURTISSTCURTISST
W
13TH
AVE
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AVE
BLAKESTBLAKEST
E
17TH
AVE
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17TH
AV
E
ARAPAHOEST
TREMONTPL
SHERM
AN
ST
18TH ST
DELGANYST
CALIFORNIAST
AURARIAPARKWAY
LARIMERSTLARIMERST
LAWRENCESTLAWRENCEST
W
COLFAX
AVE
WATERST
OGDEN
ST
WYNKOOPST
W 8TH AVE VIAD
E
20TH
AVE
14TH ST
BRIGHTONBLVD
22ND ST
15TH ST
19TH ST
W
8T
H
AVE
15TH ST
KALAM
ATH
ST
20TH ST
LIN
COLN
ST
W
6TH
AVE
PARK AVE
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G
ST
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IN
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CHAMPASTCHAMPAST
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SPEER BLVD
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AY
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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
DowntownDenverDevelopmentSince2007
16ofthe55projectscompletedsince2007arelocatedintheCommercialCore.
Thenumberofhousingunitscurrentlyunderconstructionisjustunderthetotalnumberofhousing
unitscompletedsince2007.
Halfofthe26projectscurrentlyunderconstructionareinthevicinityofDenverUnionStation.
CENTRAL
PLATTE VALLEY
PROSPECT
CENTRAL
PLATTE VALLEY
COMMONS
CENTRAL
PLATTE VALLEY
AURARIA
LODO
BALLPARK
ARAPAHOE
SQUARE
COMMERCIAL CORE
AURARIA
CULTURAL
CORE
GOLDEN
TRIANGLE
{7}
10. {8}
OFFICE MARKET
Downtown Denver has a total of 27.1 million square feet of office space. Office vacancy fell sharply from a high of 18.3% at the end of 2009
to 13.8% by mid-2013, compared to a 17.0% vacancy rate in Denver’s suburban office market and to higher vacancy rates in other U.S.
downtowns. With vacancy rates dropping, the market is responding not only with increasing lease rates of $26.50/sf from $24.35 in 2012,
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: Denver Business Journal, Denver Post, Newmark Grubb Knight Frank Research, Downtown Denver Partnership, Denver Infill
Project Name Status Square Feet Projected Completion Date
1601 Wewatta Under Construction 283,000 2015
16M Under Construction 130,000 2014
Denver Art Museum Office Building Under Construction 50,000 2014
IMA Financial Center Under Construction 102,000 2013
One Union Station Under Construction 110,000 2014
16 Chestnut Planned 320,000 2014
16th Wewatta Planned 65,000 2014
Triangle Building Planned 220,000 2014
17 Wewatta Planned 60,000 2015
Historic Windsor Dairy Block Planned 325,000 2015
Wewatta Plaza 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 Fall 2013*
1660 Lincoln $38 283,544 $134 July 2013
1700 Broadway $98 394,151 $249 May 2013
1999 Broadway $183 680,277 $269 May 2013
1625/1675 Broadway $176 770,221 $229 April 2013
1331 17th Street $70 218,906 $320 April 2013
Major Office Building Sales Since July 2012
To
INVESTORS
CONTINUE
DRAWN
DOWNTOWN
DENVER
TOBE
STATEOFDOWNTOWNDENVER // SEPTEMBER2013
*As of print date, sale expected to close Fall 2013.
List includes sales of properties over 200,000 square feet.
11. 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%
SquareFeet
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
175,000
SQUAREFEET
WAS
SPOTLIGHT: Downtown Denver’s Oldest and Newest Neighborhood
Denver Union Station is again a hub of commercial activity in
Downtown Denver, spurring significant office development in the
Lower Downtown, or LoDo, neighborhood. When it first opened
in 1881, Denver Union Station provided a rail hub for Denver,
supporting the thriving frontier town in the relatively new state
of Colorado.
However, by the mid-twentieth century, the declining popularity
of rail travel reduced Denver Union Station to a relic, leaving
LoDo full of dilapidated commercial buildings. By the late 1980s,
pioneer businesses such as the Wynkoop Brewery opened and
old warehouses were converted to hallmark LoDo ‘brick and
timber’ office buildings. The opening of Coors Field in 1995 drew
thousands to the neighborhood’s growing retail amenities.
Prior to 2008, LoDo’s 2.7 million square feet of office space was
home to mostly creative firms drawn to the neighborhood’s non-
traditional space. LoDo enjoyed low vacancy of around 6% from
2005 to 2007. By 4Q09, vacancy climbed to 26.4% due mainly to
the delivery of over 1.1 million square feet of partially occupied
new buildings. However, from 4Q08 to 2Q13, these new buildings
drove absorption totaling almost 900,000 square feet.
LoDo’s current inventory has swelled to 3.9 million square feet,
and vacancy stands at 8.3%, the lowest of any Denver submarket
or micromarket. LoDo’s Class A rental rates have risen to
$34.00/sf—the highest in the Denver market. As elements of the
new Union Station begin to open in 2014 and surrounding office
developments are completed, Denver’s oldest neighborhood is
again entering a new phase.
12. Supply Source: Newmark Knight Frank Frederick Ross
116,000
114,000
112,000
110,000
108,000
106,000
104,000
2009 2010 2011 2012
Sources: U.S. Census, Longitudinal Employment Household Dynamics, Quarterly Census of Employment and Wages, Denver Post, Denver
Business Journal, Metro Denver Economic Development Corporation, Rigzone{10}
Number of Employees in Downtown Denver*
*Numbers reflect fourth quarter covered employment (Jobs covered
by unemployment insurance as reported in the QCEW. These positions
represent the vast majority of total employment, although the self-
employed, some agricultural workers, some domestic workers, and several
other categories of workers are excluded).
EMPLOYMENTIN
DOWNTOWN
DENVER
ISUP
2.4%INTHEPASTYEAR
ANDUP
5%SINCE2010
Characteristics of Downtown Denver workers:
Age
• 20% are 29 or younger
• 61% are between 30 and 54
• 19% are 55 or older
Gender
• 53% Male
• 47% Female
Race/Ethnicity
• 74%—White (not Hispanic or Latino)
• 14%—Hispanic or Latino
• 6%—Black or African American
• 3%—Asian
• 3%—Other or more than one race
EMPLOYERS EMPLOYEES
Downtown Denver serves as the Rocky Mountain region’s
employment hub, with 115,020 employees in 2012—2.4% more
employees than in 2011. The largest industries in Downtown
Denver are Professional and Business Services (31%),
Government (20%), Leisure and Hospitality (15%) and Financial
Activities (12%)*.
Since September 2012, many companies have decided to
relocate or expand into Downtown Denver. Canada Goose
chose Denver for their U.S. headquarters and Newalta Corp.
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
Land Holdings.
STATEOFDOWNTOWNDENVER // SEPTEMBER2013
SPOTLIGHT: Competitive Startups Are Focusing
on Downtown Denver
Downtown Denver is a hub of high quality resources for
innovators, budding entrepreneurs and startup companies
through great facilities like Galvanize and support from
academic institutions. Additionally, Downtown Denver’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
from events and organizations like Denver Startup Week
and Built in Denver are intensifying the entrepreneurial
community’s interest in Downtown Denver with multiple
startups moving their offices to Downtown Denver in the
last year.
14. 25
20
15
10
5
0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012*
AmenitiesElevateDowntownDenver’sQualityofLife
Residents 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
Downtown Expeditionary School beginning in the 2013/2014
school year. A new King Soopers will open in the 20th and
Chestnut project near Denver Union Station in late 2014,
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
$1,405AVERAGERENT
ONE-BEDROOM
For
APARTMENT
$1,256AVERAGERENT
For
STUDIO
APARTMENT
DowntownDenverRentalRatesDowntown Denver Historical Apartment Vacancy Rate
*Q4 vacancy rate not included due to incomplete data
Walk, Bike and Transit Scores of
Downtown Neighborhoods
RESIDENTS
New residents are moving to Downtown Denver and its surrounding neighborhoods in record numbers. Downtown Denver’s residential
population is projected to grow by almost 18% in the next five years and Downtown’s City Center neighborhoods are projected to grow by
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 (population over 500,000) in the U.S.
Downtown Denver’s residential real estate market reflects this strong population growth. As of August 2013, over 7,000 residential units
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.
STATEOFDOWNTOWNDENVER // SEPTEMBER2013
Scores out of 100, with 100 being the best
15. • Downtown Denver’s projected growth rate is five times the
national rate and almost twice that of the City and County
of Denver.
• Denver’s City Center neighborhood residents have a similar
racial and ethnic breakdown to Colorado and the U.S.
• Downtown Denver residents are highly-educated, with almost
6 in 10 having a Bachelor’s degree or higher, compared to 3 in
10 nationally.
Sources: Claritas, www.walkscore.com, U.S. Census, Downtown Denver Partnership, Denver Metro Apartment Vacancy and Rent Survey {13}
Downtown
City Center
Neighborhoods
Size and Growth
2013 Estimated
Residential Population
17,528 65,974
Est. Growth 2013-2018 17.7% 12.0%
Households 11,137 39,411
2013 Est. Ave. Household Size 1.4 1.6
Growth 2000-2013 141.7% 24.8%
Race/Ethnicity
White
(not Hispanic or Latino)
76.2% 60.3%
Hispanic or Latino 8.3% 18.4%
Black or
African American
5.3% 7.4%
Asian 4.4% 2.6%
Other or more than one race 5.8% 11.3%
Age
2013 Est. Median Age 33.9 33.4
Gender
Male 56.9% 55.3%
Female 43.1% 44.7%
Education/Income
Percent of Population with
Bachelor’s Degree or higher
58.5% 50.8%
2013 Est. Average
Household Income
$76,263 $60,283
2013 Est. Median All Owner-
Occupied Housing Value
$361,029 $278,660
Presence of Vehicles
2013 Est. Households
No Vehicles
25.2% 24.3%
Resident Demographics
16. {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
MARCH
APRIL
MAY
JUNE
JULY
AUG
SEPT
OCT
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
• Over 1,000 retail establishments are located in Downtown
Denver, providing ample options for eating, entertainment,
shopping and more.
• In 2012, Downtown Denver retail establishments collected
$37,487,637 in sales tax for the City of Denver, representing
7.6% of the City of Denver’s total sales tax revenue.
• The 16th Street Mall accounted for 32% of total sales tax
collected in Downtown Denver and remains the most popular
attraction for Metro Denver visitors.
• Downtown Denver has 3.2 million square feet of retail space
with a 4.4% vacancy rate.
• The median asking rate for retail leases is $23.75 NNN per
square foot.
• Over 50 retailers and restaurants have opened since
July 2012, including: Hapa Sushi, John Fluevog Shoes,
Larkburger, Hailee Grace, Novo Coffee, Pizza Republica,
ViewHouse Eatery Bar, Gather, Tom’s Urban 24, Eperney,
and Southern Hospitality.
STATEOFDOWNTOWNDENVER // SEPTEMBER2013
17. AVERAGE DAILY
PEDESTRIAN TRAFFIC
40,000+
30,000-39,999
20,000-29,999
10,000-19,999
0-9,999
{15}
Manufacturing6%
Restaurants48%
HotelandOther
Accommodation
Services16%
Clothing/Accessory
Stores8%
Miscellaneous
Stores6%
OtherCategories(lessthan
3%each)
MotorVehiclesand
AutoParts4%
InformationProducers/
Distributors5%
2012SalesTaxCollectionsbyIndustry
CHERRYCREEKTRAIL
CHERRYCREEKTRAIL
Trim
RTD LIGHT RAIL
RTD LIGHT RAIL
CENTENNIAL
GARDENS COMMONS PARK
CIVIC
CENTER
PARK
CONFLUENCE
PARK
SKYLINE
PARK
LARIMER
SQUARE
WRITER
SQUARE
DENVER
PAVILIONS
COLORADO
CONVENTION
CENTER
COORS
FIELD
RTD
CIVIC CENTER
STATION
DENVER
PERFORMING
ARTSCOMPLEX
MARKETSTREET
STATION
DENVERUNION
STATION
19THST
18THST
INCA
ST
W
29TH
AVE
13THST
CHESTNUT PL
FOX
ST
BASSETT ST
HURON
ST
WEWATTA ST DELGANY ST
WEWATTA ST
FOX
STELI
TCH CIR
COURT PL
CLEVELAND PL
ELATIST
TREMONT PL
DELAW
ARE
ST
W
ASHINGTON
ST
EM
ERSON
ST
GLENARM PLGLENARM PL
WAZEE ST
E
18TH
AVE 25THST
WELTON ST
MARKET ST
21STST
24THST
17THST
KALAM
ATH
ST
LIPA
N
ST
SANTA
FE
DR
GALAPAGO
ST
WELTON ST
16TH
STMALL
L
O
GAN
ST
GRANT
ST
CALIFORNIA ST CALIFORNIA ST
CURTIS ST
W
13TH
AVE
BLAKE ST
ARAPAHOE ST
TREMONT PL
SHERM
AN
ST
18THST
LARIMER ST
LAWRENCE ST
W
COLFAX
AVE
WYNKOOP ST
E
20T
H
AVE
E
19TH
AVE
14THST
22NDST
PARKAVE
15THST
19THST
2WAYUNTILWAZEE
20THST
PARKAVE
D
CHAMPA ST
STOUT ST
BROADW
AY
SPEERBLVD
SPEERBLVD
UNION
GATEWAY
BRIDGE
LIGHTRAIL
PLAZA
16TH
STMALL
5,449
35,046
38,977
36,029
3,912 9,147 6,245
44,924
34,247
30,805
6,68618,502
18,997
3,026
Larimer Square has more pedestrian
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
Blake Street between 18th Street
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:
18. {16}
Over 42,000 students attend public not-for-profit institutions of higher education in Downtown Denver. In addition, over 13,000 students
attend various trade and private for-profit institutions that have classroom space in Downtown Denver.
Sources: Auraria Higher Education Center, Denver Post, DenverInfill, Metro State University Denver, University of Colorado Denver, Community College of Denver,
Colorado State University
LOOKINGAHEAD:EnhancingConnectionstoAuraria
The Auraria Higher Education Center, home to the University
of Colorado Denver, Metropolitan State University of Denver
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, the Connecting Auraria study kicked off its examination
of how to improve the existing connections between Auraria
and the campus’s surrounding neighborhoods, such as the
Commercial Core, LoDo, Golden Triangle and La Alma/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
and planters and banners along Larimer Street, improving the
pedestrian environment along one of Auraria’s most traveled
pedestrian access points.
Institution Fall 2012 Enrollment
Metropolitan State University 21,520
University of Colorado Denver 13,102
Community College of Denver 7,443
Colorado State Executive MBA
Program
32
TOTAL 42,097
Schools in Downtown Denver
STUDENTS UNIVERSITIES
STATEOFDOWNTOWNDENVER // SEPTEMBER2013
19. 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,
the University of Colorado Denver completed a $20,000,000 renovation of their Business School on 15th and Lawrence Streets in the fall
of 2012, creating a consolidated space that can accommodate over 5,000 students daily.
{17}
CHERRY CREEK TRAIL
CHERRY CREEK TRAIL
DENVERUNION
STATION
COLORADO
CONVENTION
CENTER
DENVER
PERFORMING
ARTS COMPLEX
COORS
FIELD
PEPSI
CENTER
STATE
CAPITOL
SOUTHPLATTE
RIVERGREENWAY
7TH ST
19TH ST
18TH ST
9TH ST
BRYAN
T
ST
VALLEJO
ST
JA
RON
PL
IN
CA
ST
W
12TH
PL
12TH ST
W
2
9TH
AVE
13TH ST
CHESTNUTPL
CRESCENTDR
12TH ST
14TH ST
FOX
ST
W
20TH
AVE
BASSETTST
VALLEJO
ST
LARIMERST
HURON
ST
BRYANTST
WEWATTAST
SHOSHON
E
ST
TEJON
ST
19TH ST
ROCKMONTDR
WEWATTAST
W
11TH
AVE
CHOPPERCIRCLE
FOX
ST
ELIT
CH
CIR
LITTL
E
RAVEN
ST
YUMAST
RIO
CT
SEMINOLE RD
CURTISST
COURTPL
CLEVELANDPL
UM
ATILLA
ST
ELATIST
W
7TH
AVE
E
12TH
AV
N
AVAJO
ST
PLATTEST
5TH ST
TREMONTPL
W
10TH
AVE
DELAW
ARE
ST
W
ASHIN
GTON
ST
WALNUTST
OSAGE
ST
ELATI ST
M
I
LE
HIGHWALK
GLENARMPL
7TH ST
W
9TH
AVE
GLENARMPL
CHEROKE
ATUR
ST
WAZEEST
E
18TH
AVE
OGDEN
ST
ZUN
IST
W
COLFAX
AVE
25THST
WELTONST
MILEHIGHST
ADIUM
CIR
MARKETST
BA
N
N
OCK
CLAY
ST
21ST ST
24TH ST
GALAPAGO
ST
W
14TH
AVE
17TH ST
W
11TH
AVE
M
ARIPOSA
ST
KALAM
ATH
ST
LIPAN
ST
SAN
TA
FE
DR
GALAPAGO
ST
WELTONST
LIPAN
ST
16TH ST MALL
PEN
N
SYLVAN
IA
ST
W
ASHIN
G
LO
G
AN
ST
GRAN
T
ST
CALIFORNIASTC
E
CURTISSTCURTISST
W
13TH
AVE
W
13TH
AVE
BLAKEST
E
17TH
AVE
ARAPAHOEST
TREMONTPL
SHERM
AN
ST
18TH ST
DELGANYST
CALIFORNIAST
AURARIAPARKWAY
LARIMERST
LAWRENCEST
W
COLFAX
AVE
WATERST
WYNKOOPST
W
23RD
AVE
CENTRALST
W 8TH AVE VIAD
E
20TH
AVE
14TH ST
22ND ST
15TH ST
19TH ST
15TH ST
KALA
20TH ST
LIN
COLN
ST
PARK AVE
DOW
CHAMPAST
STOUTST
BROADW
AY
SPEER BLVD
BROADW
AY
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
for MSU Denver students
• First building in MSU
Denver’s neighborhood
University of Colorado Denver
Academic Building One
• Under construction, scheduled for
completion in August 2014
• $60,000,000 project
• 146,000 square feet
• Will house support services and
larger lecture room
Community College of
Denver Confluence
• Completed May 2013
• $50,000,000 project
• 87,000 square feet
• Administrative and support services
for CCD students
• Critical part of creating CCD’s
neighborhood 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
hospitality students at MSU Denver
• 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
• Under construction, Phase 1
completed in August 2013
• $17,000,000 project
• Subsequent phases will include
baseball, softball and soccer fields
• Project is adding bike connectivity
between 13th Ave and the
Auraria Campus
AHEC 5th Street Parking Garage
• Under construction; scheduled to be
completed in 2014
• $20,000,000 project
• 917 space, four-story parking
structure with 15,000 square feet
of ground floor retail space
20. {18}
Car Sharing Bike Sharing
• 30 B-Cycle stations are located in Downtown Denver and over
125,000 bikes were checked out at these Downtown stations
in 2012.
• Downtown Denver is home to 50 car share vehicles with
dedicated parking spaces operated by five different car share
companies: car2go, eGo CarShare, Hertz 24/7, Occasional Car
and Zipcar.
Transit
• 57 RTD bus routes serve Downtown Denver.
• 6 light rail lines stop at 11 light rail stations in Downtown Denver.
• Approximately 45,000 people boarded the 16th Street Mall shuttle
per day in 2012.
TRANSPORTATION
Downtown 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
installation of bike lanes, the expansion of Denver’s bike-sharing system and more car-sharing options. Having a variety of transportation
options is important to members of the Millennial Generation, who are less likely to own a car. Millennials enjoy Denver’s bike share
program, multiple car share programs, strong public transit system and walkable neighborhoods.
DriveAlone38.7%
Vanpool0.5%
UseTransit44.6% Telework0.8%
Moped/Scooter/Motorcycle1.8%
Walk3.8%
Bike4.3%
Carpool5.6%
How Do Downtown Denver Employees Get to Work?
OVER
60%of
DOWNTOWN DENVER
EMPLOYEES
TRANSIT,WALK,BIKE
ORSHARETHERIDE
use
TO WORK
• Opened April 26, 2013
• First FasTracks line to open
• 12.1 miles of light rail
• 11 new stations
• 5,605 parking spaces
• $707M capital cost
• Expected ridership
19,300–2013
29,700–2030
SPOTLIGHT: West Rail Line
STATEOFDOWNTOWNDENVER // SEPTEMBER2013
21. {19}
Automobiles
• There are 43,305 off-street parking spaces in Downtown Denver:
33,037 spaces in parking garages
10,268 spaces in lots
• The median rates for parking garages and surface parking lots
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.
• Parking rates vary widely by neighborhood. More detailed parking
rate information can be found at www.downtowndenver.com.
Bicycling
• 13 miles of existing bike lanes, including new 15th Street bike lane
• 5 miles of sharrows
• 5.5 miles of trails
LOOKING AHEAD: Denver Union Station
Denver Union Station is a unique and transformative development project that is already changing Downtown Denver. As
the future multi-modal transit hub of the Rocky Mountain region, the publicly funded Denver Union Station Infrastructure
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.
• Denver Union Station Bus Complex is scheduled to open May 9, 2014.
• 110-room boutique hotel in the renovated historic train station will open June 2014.
• Over 22,000 square feet of new retail space added to the historic train station, including restaurant concepts by The Kitchen,
Snooze and Chef Alex Seidel.
• Public spaces will open throughout early 2014.
• Eight private developments are under construction, investing approximately $400 million in the Central Platte Valley—Commons
and Lower Downtown neighborhoods around Denver Union Station, with many more projects in the planning stages.
• Three new commuter rail lines are scheduled to open in 2016, including the East Line to Denver International Airport.
Sources: Downtown Denver Partnership, City County of Denver, Denver Bike Sharing , Denver Union Station Project Authority, and Regional Transportation District
22. {20} Sources: Downtown Denver Partnership, City of Denver, CoStar, Colorado Convention Center
ENVIRONMENT
Downtown Denver’s residents, employees, employers and visitors enjoy a healthy green
environment and a culture of sustainability:
• 152 acres of parks and open space in Downtown Denver
• 51 Energy Star certified buildings in Downtown Denver
• 39 LEED certified buildings in Downtown Denver
• 2,075 trees located in the Business Improvement District
• The Colorado Convention Center in Downtown Denver has the most innovative green
initiatives in the country, according to a leading trade show magazine
• The City of Denver is the only city in the U.S. to receive certification to the ISO
14001:2004 standard by Lloyd’s Register Quality Assurance, Inc. for the City’s
Environmental Management System. This certification rewards Denver’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
Speer Blvd Park 3.5
Skyline Park 3.2
Confluence Park 2.9
DCPA Sculpture Park 2.5
Denver Skate Park 2.4
Confluence East Park 1.3
Creekfront Park 1.0
SPOTLIGHT: Downtown Denver Garden Block
The Downtown Denver Garden Block is an oasis on the 16th
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
Denver Botanic Gardens, create a pocket park on the 16th
Street Mall, giving Downtown Denver visitors, residents and
workers a beautiful place to eat, meet, linger and enjoy the
urban landscape.
STATEOFDOWNTOWNDENVER // SEPTEMBER2013
24. {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
will add another 850 rooms to Downtown’s hotel market.
2,000,000
1,800,000
1,753,271
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 2012
0
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: Visit Denver, Downtown Denver Partnership, Rocky Mountain Lodging Report 2000-2012
Downtown Denver Total Hotel Room Nights
Downtown Denver Hotel Market
Occupancy Percentage
Downtown Denver Average Room Rate
TOURISM
STATEOFDOWNTOWNDENVER // SEPTEMBER2013
25. Facility 2012 Attendance
Children’s Museum of Denver 348,459
Coors Field 2,630,458
Denver Art Museum 589,296
Denver Performing Arts Complex 1,236,811
Denver Public Library - 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
is the nation’s second-largest performing arts complex with 10
performance spaces, including an opera house, concert hall and
various theatres. The region’s premier museums are located in
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
visiting the Downtown Aquarium, the Children’s Museum of Denver
and Elitch Gardens Theme and Water Park.
Sports fans of all kinds can attend over 200 games played annually
at Denver’s major sports venues located in and adjacent to
Downtown Denver at The Pepsi Center, Coors Field, and Sports
Authority Field at Mile High. Downtown Denver also hosts the
final stage of the USA Pro-Cycling Challenge and many other
professional and amateur sporting events.
Sample Downtown Events
Dr. Martin Luther King, Jr. Marade January
National Western Stock Show Parade January
Denver St. Patrick’s Day Parade March
Doors Open Denver April
Cinco de Mayo Festival May
Denver Comic Con 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
Capitol Hill People’s Fair June
Cherry Blossom Festival June
Civic Center EATS June-September
Denver Bike to Work Day June
Denver Chalk Art Festival June
Denver PrideFest June
InnovAge Moonlight Classic June
Make Music Denver June
Independence Eve at Civic Center July
Southwest Movies at Skyline Park July-August
Underground Music Showcase July
A Taste of Colorado August
Komen Race for the Cure September
USA Pro Cycling Challenge September
Columbus Day Parade October
Denver Zombie Crawl October
Gorilla Run October
Great American Beer Festival October
Oktoberfest October
Rock n’ Roll Marathon October
Denver Christkindl Market November-December
Grand Illumination November
Southwest Rink at Skyline Park November-February
Starz Denver Film Festival November
9News Parade of Lights December
New Year’s Eve Fireworks December
CULTURE, ENTERTAINMENT,
SPORTS EVENTS
Source: Visit Denver, Downtown Denver Partnership
STATEOFDOWNTOWNDENVER // SEPTEMBER2013
26.
27. 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
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