Rents in Denver have fallen during the pandemic, according to a recent market report, but that doesn’t mean apartment developers are any less keen on a city that was a hot spot for rent growth before COVID-19 came calling. In fact, the number of would-be apartments in the planning pipeline for the metro area hit a record 46,000 in December, according to Denver data firm Apartment Insights. The X Company, the Chicago-based developer behind the X Denver apartment tower that is inching toward completion after nearly three years of construction just north of Coors Field at 3100 Inca St., embodies that enthusiasm for the Mile High City even in the face of shifting consumer preferences. X Denver offers traditional studio and one-bedroom apartments inside its 12-story, 455-apartment frame, but the X Company also allows people to rent individual bedrooms with private bathrooms in two-, three- and four-bedroom “co-living” apartments with shared kitchens and common areas. Tenants can … [Read more...] about The X Denver apartment building is all about shared community space. Will it and other new projects succeed in the pandemic?
Betfair shares hit new low
Apartment rents slid a little and vacancy rates rose as metro Denver absorbed a historically large number of new apartments during the third quarter, according to a market update Wednesday from the Apartment Association of Metro Denver. The metro area has added 9,713 new apartments in the first nine months of this year, a 35 percent increase from the same period in 2016, which was a big year. Of this year’s new supply, 4,315 units came online in July, August and September. “It’s equivalent to completing a new 48-unit apartment community every day for three months straight. That’s great news for a city struggling to keep up with demand for housing,” Teo Nicolais, a real estate instructor at the Harvard Extension School, said in a release accompanying the report. The metro area will easily smash through the 10,000 new units mark this year, the first time that has happened in more than three decades, said Nicolais. “We are going to hit the supply crescendo,” said the report’s … [Read more...] about Modest relief for apartment dwellers: Metro Denver rents slip as new units flood market
WASHINGTON, D.C. (KDKA) — The U.S. Senate has begun debate on President Joe Biden’s $1.9 trillion American Rescue Plan, and it’s not the same as the plan approved by the U.S. House of Representatives. Political editor Jon Delano spoke with both U.S. Sens. Bob Casey (D) and Pat Toomey (R) to learn more about what it means for us. READ MORE: Pittsburgh Firefighter First Woman Promoted To Lieutenant Since 1995 When it comes to President Biden’s pandemic relief bill, Casey and Toomey could not be further apart. Casey wants to go big to help Pennsylvanians, while Toomey thinks there’s too much wasteful spending. “This meets the moment,” Casey says of the president’s bill. “I think the danger here is greater to keep it small as opposed to hitting it really hard and making this the last coronavirus bill.” Toomey disagrees. “This is a blue state bailout,” he said, identifying states that voted for Biden. “This is throwing money for years and years and years at schools … [Read more...] about Pa. Senators Bob Casey And Pat Toomey At Strong Odds With Each Other On Stimulus Bill
From destroying perfectly good food due to supply chain bottlenecks, to farmworkers risking their lives in the fields for poverty-level wages, the COVID-19 pandemic has brought to the fore our food system’s rigid, wasteful and exploitative nature. Given President Biden Joe Biden The West needs a more collaborative approach to Taiwan Abbott's medical advisers were not all consulted before he lifted Texas mask mandate House approves George Floyd Justice in Policing Act MORE ’s recent order to review supply chains, with those in agriculture included, now is the time to consider using our country’s antitrust laws to help make our food system more resilient, equitable and competitive. More to the point, enforcing these laws, namely, the progressive-era Sherman, Clayton and Federal Trade Commission (FTC) Acts , authorize government officials to break up corporations that monopolize markets to restrain trade and suppress dynamic competition, as well as … [Read more...] about Make food more equitable through antitrust laws
Colorado health officials this week declared water quality in the South Platte River as it flows through Denver highly deficient, pointing to E.coli contamination at levels up to 137 times higher than a federal safety limit. This intestinal bacteria indicates fecal matter and other pollution from runoff after melting snow and rain sweeps Denver pollution through drainage pipes into the river. To deal with the problem, the Colorado Department of Public Health and the Environment has imposed, in a permit taking effect next month, stricter requirements for managing runoff water pollution. But Denver officials are fighting those requirements and twice petitioned the state health department to relax the new permit. “What the new requirements do is drastically increase the amount of expensive system maintenance beyond what could make a meaningful impact on E.coli concentrations,” city spokeswoman Nancy Kuhn said. Colorado public health officials last month rejected Denver’s latest … [Read more...] about Fecal matter elevated in South Platte River as Denver fights state health agency over water pollution