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Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
Stateof downtowndenver ddp-rpt_sept 2013
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Stateof downtowndenver ddp-rpt_sept 2013

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  • 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]
  • 2. IntroductionLetter.................................................. 1 NotableRankings................................................... 3 DowntownAreaPlan............................................. 4 Development&Investment............................ 6–7 OfficeMarket.................................................... 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 BoardofDirectors.............................................. 25 TABLEOFCONTENTS DOWNTOWN The The of of STATE DENVER
  • 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}
  • 4. {2}
  • 5. NOTABLERANKINGS BEST CITYFORSMALL BUSINESSEMPLOYEES. (CardHub,2013) FASTESTGROWINGLARGECITY INTHEU.S. (U.S.CensusBureau,2013) 2ND SAFESTFEELINGMETROAREA TOWALKTHESTREETS. (Gallup,2013) 2ND MOSTACTIVE RESIDENTS. (Travel+Leisure,2012) 3RD BESTCITYFOR SMALLBUSINESSES. (BusinessJournals,2013) 3RD BESTCITYINTHEWORLD FOROILGASCAREERS. (Rigzone,2013) 3RD BESTCITYFOR RECENTCOLLEGEGRADS. (Nerdwallet,2013) 3RD BESTCITYFOR JOBSEEKERS. (Forbes,2013) 4TH MOSTLITERATE CITY. (CentralConnecticutStateUniversity,2013) 5TH HEALTHIEST METROAREA. (AmericanCollegeofSportsMedicine,2013) 5TH BESTCITYFOR TECHSTARTUPS. (EntrepreneurMagazine,2013) 6TH BESTCITY INAMERICA. (Businessweek.com,2013) 6TH LEASTOBESECITY INTHEU.S. (Gallup,2013) 6TH BESTCITYFOR CLEANTECHNOLOGY. (CleanEdge,2013) 6TH BESTLARGECITYFOR YOUNGENTREPRENEURS. (Under30CEO,2013) 8TH BESTCITYFOR ACCOUNTINGJOBS. (LedgerLink,2013) 8TH BESTCITYFOR FEMALEENTREPRENEURS. (Forbes,2012) 9TH BESTCITYFORACCESSTOJOBS VIAPUBLICTRANSPORTATION. (Brookings,2013) 9TH BESTCITIESFOR YOUNGADULTS. (Kiplinger’s,2013) TOP5 CITIESFOR URBANFORESTS. (AmericanForests,2013) TOP10 EMERGING DOWNTOWNS. (Forbes,2013) TOP15 {3}
  • 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 NOITATS COLORADO CONVENTION CENTER RTD CIVICCENTERSTATION REVIRETTALPHTUOS DENVER PERFORMINGARTS COMPLEX COORS FIELD PEPSI CENTER STATE CAPITOL ETTALPHTUOS YAWNEERGREVIR 7TH ST LYLE CT 19TH ST 18TH ST 9TH ST BRYANTST VALLEJO ST JASON ST 31STST 32NDST W BYRON PL IN CA ST W 12TH PL ERIEST 12TH ST W 29TH ST LAFAYETTE ST W 29TH AVE W 9TH AVE E SPEER BLVD 13TH ST ALCOTT ST CHESTNUTPL CRESCENTDR 12TH ST 14TH ST ELI FOXST W 20TH AVE BRYANTST 18TH ST TSTTESSAB LPMRANELG VALLEJO ST LARIMER ST E19TH AVE 29THST HURON ST BRYANTST WEWATTAST TSNOTSEW SHOSHONE ST W 28TH AVE 35THST GIL PIN ST 31STST W 10TH AVE TEJO N ST 17TH ST W BARBERRY PL 19TH ST W CAITHNESSPL ROCKMONTDR ELIZ ABETH ST WEWATTAST W 31ST AVE DECATUR ST CANOSA CT ELIZ ABETH ST DENARGO ST W 11TH AVE MARIO N ST CHOPPERCIRCLE W ARGYLEPL FOXST E 20TH AVE ELITCH CIR LITTLERAVEN ST YUMAST LIP AN ST RIO CT SEMINOLE RD DENARGO MARKET 31ST ST W DUNKELD PL CURTISST 34THST W 7TH AVE LPTRUOC LPDNALEVELC E 30TH AVE HUMBOLDTST W 9TH AVE W 26TH AVE W 27TH AVE UM ATIL LA ST VALLEJO ST BOULDERST MARIP OSA ST E31STAVE UMATIL LA ST ELATIST W 7TH AVE E12TH AVE W 11TH AVE LAFAYETTE ST FOXSTDELAWARE ST DECATUR ST NAVAJO ST ALCOTTST TSETTALP MARIO N ST 5TH ST GLOBEVILLERD 33RDST GIL PIN ST LPTNOMERT BRYANTST NAVAJO ST 29THST GIL PIN ST W YANDOTST ALCOTTST BRYANTST QUIVAS ST VALLEJO ST SHOSHONE ST M ILWAUKEE ST W 10TH AVE DELAWARE ST ACOMA ST WASHIN GTON ST EM ERSON ST WALNUTST M ILWAUKEE ST EMERSON ST ARKINSCT CLAYST OSAGE ST ELATIST MILE HIGHWALK LPMRANELG 7TH ST 27THST W 9TH AVE LPMRANELG CHEROKEE ST DECATUR ST TSEEZAW TEJO N ST HIG H ST 26THST W IL LIA M S ST 30THST GIL PIN ST E18TH AVE OGDEN ST E 30TH AVE 28THST ZUNIST W COLFAX AVE 25THST TSNOTLEW MILEHIGHSTA DIU M CIR IN CA ST TSTEKRAM BANNOCKST CLAYST 21ST ST E28TH AVE FRANKLIN ST 24TH ST 27THST GALAPAGO ST W 33RD AVE W 32ND AVE E27TH AVE W 14TH AVE E 14TH AVE E 13TH AVE E 18TH AVE HUM BOLDTST E 33RD AVE 17TH ST CLAYTON ST JOSEPHIN E ST COLUMBIN E ST W 11TH AVE ZUNIST MARIP OSA ST KALAMATH ST LIP AN ST SANTA FE DR GALAPAGO ST E 24TH AVE E 25TH AVE E 10TH AVE FIL LMORE ST E 12TH AVE E11TH AVE MARIO N ST MARIO N ST OGDEN ST HUM BOLDTST TSNOTLEW LIP AN 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 E34TH AVE E 34T EBRUCERANDOLPH AVE E36TH AVE E 37TH AVE WALNUTST W 36TH AVE W 36TH AVE FRANKLIN ST FRANKLIN ST W 37TH AVE W 37TH AVE W IL LIA MS ST W IL LIA MS ST E 26TH AVE CLARKSON ST WASHIN GTON ST LOGAN ST HIG H ST HIG H ST GRANTST TSAINROFILAC CALIFORNIAST E 16TH AVE W COLFAX AVE TSSITRUC CURTISST TSSITRUC W 13TH AVE W 13TH AVE TSEKALB TSEKALB E 13 E 17TH AVE E17TH AVE VIN E ST VIN E ST VIN E ST VIN E ST RACE ST RACE ST RACE ST GAYLORD ST GAYLORD ST GAYLORD ST ARAPAHOEST TREMONTPL ELIO TST. SHERMAN ST 18TH ST TSYNAGLED TSAINROFILAC AURARIAPARKWAY TSREMIRAL TSREMIRAL TSECNERWAL TSECNERWAL W COLFA X AVE WATER ST OGDEN ST 32ND ST TSPOOKNYW PECOS ST NSPEERBLVD W 23RD AVE CENTRALST W 8TH AVEVIAD E23RD AVE OSAGE ST E20TH AVE W 29TH AVE W 8TH AVE 14TH ST DVLBNOTHGIRB 22ND ST 15TH ST 19TH ST W 8TH AVE 15TH ST E 31ST AVE KALAMATH ST MARTIN LUTHER KIN G BLVD 20TH ST LIN COLN ST W 6TH AVE PARK AVE DOW NIN G ST DOW NIN G ST TSAPMAHC TSAPMAHC TSTUOTS BROADWAY ORK ST YORK ST SPEERBLVD W 6TH AVE CORONA ST BROADWAY DOW NIN G ST TSTUOTS E 19TH AVE 25 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
  • 7. {5}
  • 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 E 19TH AVE 29THST HURON ST WEWATTAST WESTONST SHOSHON E ST W 10TH AVE N ST 19TH ST WEWATTAST DEN ARGO ST M ARION ST CHOPPERCIRCLE FOX ST ELIT CH CIR LITTL E RAVEN ST YUMAST RIO CT SEMINOLE RD DEN ARGO M ARKET CURTISST COURTPL CLEVELANDPL HU UM ATILLA ST ELATIST W 7TH AVE E 12TH AV E W 11TH A VE FOX ST DELAW ARE ST N AVAJO ST M ARION ST5TH ST GLO B EVILLERD GILPIN ST TREMONTPL 29THST W 10TH AVE DELAW ARE ST ACOM A ST W ASHIN GTON ST EM ERSON ST WALNUTST EM ERSON ST ARKINSCT OSAGE ST ELATI ST M I LE HIGHWALK GLENARMPL 7TH ST 27THST W 9TH AVE GLENARMPL CHEROKEE ST WAZEEST 26THST 30THST E 18TH AVE OGDEN ST 28THST ZUN IST W COLFAX AVE 25THST WELTONST MILEHIGHST ADIUM CIR IN CA ST MARKETST BAN N OCK ST 21ST ST 24TH ST 27THST GALAPAGO ST W 14TH AVE E 14TH AVE E 13TH AVE E 18T 17TH ST W 11TH AVE M ARIPOSA ST KALAM ATH ST LIPAN ST SAN TA FE DR GALAPAGO ST E 24TH AVE E 25TH AVE WELTONST LIPAN ST 16TH ST MALL PEARL ST PEN N SYLVAN IA ST WALNUTST FRAN KLIN ST FRAN KLIN ST W I CLARKSON ST W ASHIN GTON ST LO G AN ST GRAN T ST CALIFORNIASTCALIFORNIAST E 16TH AVE W COLFAX AVE CURTISSTCURTISSTCURTISST W 13TH AVE W 13TH AVE BLAKESTBLAKEST E 17TH AVE E 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 DOW N IN G ST DOW N IN G ST CHAMPASTCHAMPAST STOUTST BROADW AY SPEER BLVD BROADW AY STOUTST 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 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.
  • 13. PROFESSIONAL BUSINESSSERVICES GOVERNMENT LEISURE HOSPITALITY FINANCIALACTIVITIES NATURALRESOURCES CONSTRUCTION INFORMATION WHOLESALE RETAILTRADE OTHERSERVICES EDUCATION HEALTHSERVICES TRANSPORTATION, WAREHOUSING UTILITIES MANUFACTURING Downtown MetroDenver 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 SamplejobsinDowntown Denver’slargestindustry: •Attorney •MarketingProfessional •Researcher •PrivateInvestigator •SoftwareDeveloper •GraphicDesigner Denverwasrankedthe thirdbestcityintheworld foroilandgasjobs,accord- ingtoRigzone,aleading industrypublication. WhiletheEducationand HealthServicesindustry onlyaccountsfor2%of DowntownDenver’sjobs, itwasthefastestgrowing industryin2012.
  • 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
  • 23. {21}
  • 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. 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
  • 27. “Acityisaplacewherethereisnoneedtowaitfornextweektogetthe answertoaquestion,totastethefoodofanycountry,tofindnewvoices tolistentoandfamiliaronestolistentoagain.” —MargaretMead Published in September 2013 by: Downtown Denver Partnership 511 16th Street, Suite 200 Denver, CO 80202 303.534.6161 www.downtowndenver.com Follow Us: Downtown Denver @DowntownDenver

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