2015 state of downtown denver

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$1 BILLION INVESTMENT THROUGH PROJECTS COMPLETED IN 2014 MILLION HOTEL ROOM NIGHTS 120, 871 EMPLOYEES WORKING IN DOWNTOWN DENVER 63% 69,872 RESIDENTS IN DOWNTOWN DENVER AND CITY CENTER NEIGHBORHOODS HIGHER EDUCATION STUDENTS IN DOWNTOWN DENVER 55,000 + GROWTH IN DOWNTOWN’S RESIDENTIAL POPULATION SINCE 2000 164% 152 ACRES OF PARKS IN DOWNTOWN DENVER DOWNTOWN AVERAGE HOUSEHOLD INCOME RESIDENTS WITH A BACHELOR’S DEGREE OR HIGHER SQUARE FEET OF OFFICE SPACE EMPLOYEES THAT BIKE, WALK, USE TRANSIT OR CARPOOL TO WORK 60% Downtown Denver Partnership, Inc.

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Downtown Denver's encyclopedia. Published in March 2015.

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$1BILLIONINVESTMENT THROUGHPROJECTS COMPLETED

IN 2014

MILLIONHOTEL ROOM NIGHTS

120, 871EMPLOYEES WORKING IN DOWNTOWN DENVER

63% 69,872RESIDENTS IN DOWNTOWN DENVER AND CITY CENTER NEIGHBORHOODS

HIGHER EDUCATION STUDENTS IN DOWNTOWN DENVER

55,000+GR

OWTH

IN DO

WNTO

WN’S

RESID

ENTIA

LPO

PULA

TION S

INCE

2000

164% 152

ACRES OF PARKSIN DOWNTOWN DENVER

DOWNTOWN AVERAGEHOUSEHOLD INCOME

RESIDENTS WITH A BACHELOR’S DEGREE OR HIGHER

SQUARE FEET OF OFFICE SPACE

EMPLOYEES THAT BIKE, WALK, USE TRANSIT OR CARPOOL TO WORK60%

Downtown DenverPartnership, Inc.

TABLE OF CONTENTSHOW TO USE THE STATE OF DOWNTOWN DENVER

DENVER’S DOWNTOWN AREA PLANRANKINGS

DEVELOPMENT AND INVESTMENTOFFICE MARKET

EMPLOYERS AND EMPLOYEES

STUDENTS AND UNIVERSITIES

RESIDENTSRETAIL AND RESTAURANTS

MOBILITYENVIRONMENT

TOURISMCULTURE, SPORTS AND EVENTS

CREDITS

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43

6-78-910-1112-1314-1516-1718-1920222325

HOW TO USE THE STATE OF DOWNTOWN DENVER The State of Downtown Denver is the most complete encyclopedia of statistics and analysis about Downtown Denver. We have prepared this document specifically to inform and support Downtown Denver stakeholders as they build, invest, locate and visit Downtown Denver. We invite you to turn the page and read the facts, figures and case studies in this report that showcase the current State of Downtown Denver.

Want even more?• Email [email protected] to inquire about membership with the Downtown Denver Partnership• Follow Downtown Denver on Facebook, Twitter and Instagram• Visit www.downtowndenver.com

LOOK SMART

Impress your colleagues with facts and figures about Downtown Denver that are relevant to your career, industry and investments.

CLOSE THE DEAL

Gather the information you need about Downtown Denver to secure the deal, inspire your investors or plan your next move.

FIND OUT WHAT’S COOL

Stay ahead of the game and discover what forward thinking businesses, entrepreneurs, retailers and restaurants are located in Downtown Denver.

START A BUSINESS

Start your next company in Downtown Denver to have the best access to technology, talent and tools.

KNOW YOUR CITY

Knowledge is power and nothing is more powerful than knowing the most comprehensive facts and figures about Downtown Denver.

1

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RANKINGS

BEST CITY FOR PARKS-TRUST FOR PUBLIC LAND 20147TH

BEST COMMERCIAL REAL ESTATE MARKET IN US-COLDWELL BANKER 20151ST

MOST LITERATE CITY-CCUS 20146TH

BEST CITY FOR COLLEGE GRADUATES-APARTMENTS.COM 20141ST

BEST PLACE TO LAUNCH A STARTUP BUSINESS-FORBES 20142ND

FASTEST GROWING METRO AREA-FORBES 20156TH

HIGHEST % YOUNG AND EDUCATED RESIDENTS-NEW YORK TIMES 20144TH BEST CITY FOR SMALL BUSINESS

-BIZ2CREDIT 20143RD

BEST BEER CITY-LIVABILITY 20142ND

LARGEST INCREASE IN RESIDENTS W/ COLLEGE DEGREES-US CENSUS 20141ST

HEALTHIEST CITY IN UNITED STATES-AMERICAN FITNESS INDEX 20144TH

MOST INNOVATIVE TRANSPORTATION OPTIONS-COPIRG 20158TH

BEST CITY FOR FEMALE ENTREPRENEURS-NERDWALLET 20147TH

MOST CREATIVE CITY-MOVOTO 20156TH

BEST COFFEE CITY IN THE WORLD-MATADOR 20157TH BEST PLACE FOR MILLENNIAL-AGED ENTREPRENEURS

-NERDWALLET 20145TH

BEST PLACE FOR JOB SEEKERS-NERD WALLET 20156TH

HIGHEST RATE OF BIKE COMMUTERS AMONG LARGE CITIES-US CENSUS 20149TH

3

.

E SPEER BLVD

CENTRAL PLATTE VALLEY

PROSPECT

CENTRAL PLATTE VALLEY

COMMONS

CENTRAL PLATTE VALLEY AURARIA

LODO

BALLPARK ARAPAHOE SQUARE

COMMERCIAL CORE

AURARIA

CULTURAL CORE

GOLDEN TRIANGLE

DENV

ER U

NION

STAT

ION

COLORADOCONVENTION

CENTER

DENVER PERFORMING

ARTS COMPLEX

COORSFIELD

PEPSICENTER

STATECAPITOL

W COLFA

X AVE

AURA

RIA

PA

RKW

AY

W COLFAX AVE

BROADWAY

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GRANT ST.

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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

Downtown Denver BoundariesThe map above illustrates the boundaries of Downtown Denver. Downtown Denver is comprised of the following planning districts set forth by the 2007 Downtown Area Plan: Central Platte Valley Prospect, Central Platte Valley Commons, Central Platte Valley Auraria, Auraria, Lower Downtown (LoDo), Commercial Core, Cultural Core, Golden Triangle, Arapahoe Square and Ballpark.

City Center Neighborhood BoundariesThe City Center area includes Downtown Denver and its surrounding residential neighborhoods. Its boundaries extend beyond the Downtown Denver boundary to include the following neighborhoods: Highland, Ballpark, Curtis Park, Five Points, Uptown, Capitol Hill, La Alma/Lincoln Park and Jefferson Park.

DENVER’S DOWNTOWN AREA PLAN The Downtown Area Plan sets forth a vision to make Downtown Denver one of the most livable places in the world. Downtown Denver’s public and private sector leaders are actively working to implement the plan and are committed to bringing the plan to fruition. The vision elements and accompanying strategies guiding Downtown Denver are:

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Sources: Downtown Denver Partnership, 2007 Downtown Area Plan Downtown Denver Partnership, 2007 Downtown Area Plan

5

16 development projects were completed in Downtown Denver in 2014, representing:

• $1,022,100,000 of investment

• 482 additional hotel rooms

• 1,148 additional residential units

• 275,000 additional square feet of office space

• 170,000 additional square feet of retail space

As of the beginning of 2015, there are 20 projects under construction and 15 projects planned for development in Downtown Denver, representing:

• $1,938,980,000 of investment

• 1,741 additional hotel rooms

• 3,973 additional residential units

• 2,396,000 additional square feet of office space

• 211,920 additional square feet of retail space

DEVELOPMENT AND INVESTMENT 6

Sources: Denver Business Journal, Denver Infill, Denver Post, Downtown Denver Partnership

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$0.25 B

2007

2008

2009

2010

2011

2012

2013

2014

FUTU

RE

$0.50 B

$0.75 B

$1 B

$1.25 B

$1.5 B

$1.75 B

$2 B

$1.9 BILLION

Increasing Investment in Downtown Denver

residential

office

hotel

entertainment +culture

transportation + public realm

mixed-use

government +academic

39%

13% 12%

11%

10%

9%

5%Variety of Project Types

CHERRY CREEK TRAIL

DENV

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NION

STAT

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COLORADOCONVENTION

CENTER

DENVER PERFORMING

ARTS COMPLEX

COORSFIELD

PEPSICENTER

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UNDER CONSTRUCTIONPLANNED COMPLETED

7

| DOWNTOWN DENVER DEVELOPMENT: 2007-2015

OFFICE MARKET 8

Downtown Denver’s office market is experiencing strong demand and growth.

• Downtown Denver has a total of 35,267,302 square feet of office space.

• Despite the addition of over 700,000 square feet of office space in the past three years, the direct vacancy rate for Downtown Denver office space is 9.7%, as of the fourth quarter 2014. The direct average lease rate is $31.16/sf and net absorption is 247,184 square feet.

• As of the beginning of 2015, there is 2,396,000 square feet of office space under construction or planned for development.

Downtown Denver’s Falling Vacancy Rates

9.7% direct vacancy rate $31.16/SF direct average lease rate 247,184SF net absorbtion 201

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Building Address Est. Sales PriceSquare

FeetPrice Per

Square Foot Sale Date

1705 17th St. $65,500,000 108,000 $600.65 March 2014

1615 Wynkoop St. $67,150,000 112,552 $596.61 June 2014

1515 Arapahoe St. $212,850,000 558,346 $381.22 May 2014

1875 Lawrence St. $46,700,000 192,241 $242.92 May 2014

1600 Stout St. $41,500,000 172,912 $240.01 April 2014

1801 Broadway $37,000,000 195,753 $189.01 December 2014

700 Broadway $70,000,000 423,562 $165.27 December 2014

475 17th St. $16,600,000 151,425 $109.63 June 2014

Major Office Building Sales in 2014*

9%

1Q -

2010

3Q -

2010

1Q -

2011

3Q -

2011

1Q -

2012

3Q -

2012

1Q -

2013

3Q -

2013

1Q -

2014

2Q -

2010

4Q -

2010

2Q -

2011

4Q -

2011

2Q -

2012

4Q -

2012

2Q -

2013

4Q -

2013

10%

11%

12%

13%

14%

15%

16%

3Q -

2014

2Q -

2014

4Q -

2014

9.7% VACANCY

Sources: CoStar (Q4 2014 data), Denver Business Journal, Denver Post, Downtown Denver Partnership

* Does not include partial purchases. Only includes buildings over 100,000 square feet.

247,184SF net absorbtion

1Q -

2010

3Q -

2010

1Q -

2011

3Q -

2011

1Q -

2012

3Q -

2012

1Q -

2013

3Q -

2013

1Q -

2014

2Q -

2010

4Q -

2010

2Q -

2011

4Q -

2011

2Q -

2012

4Q -

2012

2Q -

2013

4Q -

2013

3Q -

2014

2Q -

2014

4Q -

2014

$31.16 /SF

$25

$26

$27

$28

$29

$30

$31

$32

Downtown Denver’s Rising Lease Rates

The Sharing Economy Meets Office Space: Co-Working Options in Downtown Denver

Options are expanding for companies and individuals looking for office space in Downtown Denver. In the past few years, the number of co-working and shared office spaces in Downtown Denver has increased significantly. Co-working and shared office spaces are attractive to tenants looking for more flexibility and affordability than most traditional office options provide and have been popular with startups and small businesses. Co-working spaces in Downtown Denver include Thrive, Green Spaces Shift Workspaces, Galvanize, Converge, Industry, Uncubed, Modworks and Battery 621.

Demand for this new type of office space is growing.Galvanize, one of Downtown Denver’s first co-working spaces, will open a second location on Platte Street this year and has spread its collaborative campus concept to other tech hubs like San Francisco and Seattle. Another major shared workspace concept, Industry, is expanding with two additional phases slated to open in the next year.

A major benefit of shared workspace is increased

collaboration and innovation, making industry-specific shared workspaces a natural fit. A new health-technology innovation campus, Stride, aims to disrupt the healthcare industry. Non-profit organizations have also seen the benefit of shared office space. The Alliance Center for Sustainability in LoDo houses “tenant-partners” who must all be committed to sustainability. Similarly, the Posner Center for International Development is an office space shared by over 60 organizations dedicated to finding solutions to global poverty.

DENVER OFFERS THE PERFECT COMBINATION OF A HIGHLY-SKILLED WORKFORCE, SUPPORTIVE LOCAL AUTHORITY AND IDYLLIC LOCATION.

- Ismail Ahmed

WorldRemit, Founder and CEO

>

9

108 K

2009

2010

110 K

112 K

114 K

116 K

118 K

120 K

122 K

2011

2012

2013

2014

120,871

Employment in Downtown Denveris Increasing

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• 74% - White (not Hispanic or Latino)• 14% - Hispanic or Latino• 6% - Black or African American• 3% - Asian

EMPLOYERS AND EMPLOYEES 9

Downtown Denver is the economic hub of the Rocky Mountain West.

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• 120,871 people work in Downtown Denver.

• Employment is up 11% since 2010 and up over 3% in the past year.

• The largest industry in Downtown Denver is Professional and Business Services, representing almost a third of Downtown Denver jobs.

• The following companies have recently relocated or plan to relocate to Downtown Denver: Ardent Mills, Granicus, JobAdder.com, Layer3 TV, Liberty Global, McKinsey & Co., Personal Capital, Skookum Digital Works, Signpost, Spencer Ogden, TransAmerica, WhiteWave Foods, WorldRemit and Zayo Group.

DENVER HAS BECOME ONE OF THE MOST POWERFUL MAGNETS...[FOR] THE YOUNG AND EDUCATED

- New York Times

“ “

10

Downtown Denver is a national hub of entrepreneurial activity and is consistently ranked a top city for startups by national media and research organizations. Startups are an important and growing part of Downtown Denver’s economy. Over 370 technology startups are located in Downtown Denver, employing over 3,000 people, and almost 8% of Downtown Denver businesses are startups. Startup business formation has been increasing significantly in recent years.

Companies are drawn to Downtown Denver’s innovative culture and strong network of startups and early stage companies, which enables startup businesses to collaborate, communicate and convene. Downtown Denver is home to Denver Startup Week, the largest free entrepreneurial event in North America. In addition to this entrepreneurial ecosystem, startups in Downtown Denver have access to a highly-educated and growing workforce, 45,000 college and university students, and world-class amenities.

>

Innovation and Entrepreneurship in Downtown Denver

Sources: Colorado Department of Labor and Employment Quarterly Census of Employment and Wages (Q2 2014 data), Development Research Partners, U.S. Census Longitudinal Employment Household Dynamics, Downtown Denver Partnership

- New York Times

>

PROF

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AND

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DENVER’S TOP INDUSTRY

30.6% 18.5%DOWNTOWN DENVER

DOWNTOWN DENVER

METRO DENVER

METRO DENVER

30%

25%

20%

15%

10%

5%

professional & business services

11

| DOWNTOWN DENVER’S ROLE IN THE METRO DENVER ECONOMY Downtown Denver is the center of the thriving Metro Denver and Colorado economies. Employment growth in Downtown Denver, the Metro Denver Region, and the State of Colorado is significantly higher than the national employment growth.

Amenities in Downtown Denver Add Vibrancy to Downtown LivingResidents in Downtown Denver are finding more and more amenities right at their front door, enhancing the downtown lifestyle and decreasing the need for residents to travel outside of downtown during the course of their days, nights and weekends. Two grocery stores, a flagship Whole Foods and King Soopers, are both under construction and scheduled to open within the next 24 months. Residents with families now have a new elementary school, the Downtown Denver Expeditionary School, with a middle school in the planning stages. Finally, Downtown Denver residents are a short walk or bike ride away from new restaurants in adjacent neighborhoods like Lower Highland, breweries that are locating in the River North district along Brighton Boulevard and the arts and culture district of the Golden Triangle.

Average Walk Score

Average Transit Score

Average Bike Score

City Center Neighborhoods 84 68 91

Downtown Denver 85 85 88

A Walk, Bike and Transit-friendly Downtown

Scores out of 100, with 100 being the best

RESIDENTS 12

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• 69,872 people live in Downtown Denver and its City Center neighborhoods.

• Downtown Denver’s projected growth rate in the next five years is over four times the national rate.

• The City of Denver is one of the fastest growing cities in the U.S. In the past three years, Denver’s population has grown by 8.2% to 649,495 residents. Over two-thirds of this increase is due to net migration. Between 2010 and 2013, net migration for the City of Denver was almost 31,000. International net migration was 5,461 and domestic net migration was 25,484.

• Net migration of millennials to the Denver Metro Area since 2006 is the highest in the country, with Denver gaining an average of over 11,000 25-34 year-olds each year.

• 3,973 residential units are under construction or planned for development in Downtown Denver.

• As of the third quarter 2014, the average rent for a Downtown Denver one-bedroom apartment was $1,490. The vacancy rate for Downtown Denver apartments was 4.3%.

• The average sales price for a home in Downtown Denver was $458,110 in 2014 (Q1, Q2 and Q3); homes sold for an average of $378/sf.

• The average sales price for a home in the City Center neighborhood area was $363,442 in 2014 (Q1, Q2 and Q3); homes sold for an average of $311/sf.

Attracted to vibrant walkable districts and diverse residential amenities, more and more people are choosing to live in Downtown Denver and its City Center neighborhoods.

Sources: Nielsen SiteReports/Claritas, Downtown Denver Partnership, www.walkscore.com, Denver Metro Apartment Vacancy and Rent Survey, U.S. Census, Colorado Comps, Brookings >

WHIT

E

79.7%

HISP

ANIC

7.7%

BLAC

K

4.8%

ASIA

N

4.4%

OTHE

R

3.4%

WHIT

E

70.5%

BLAC

K

6.6%

ASIA

N

2.6%

OTHE

R

3.5%

HISP

ANIC

16.8%

73.4%

11,907

41,758

households

$ 4 2 6 , 1 2 8 $ 3 3 9 , 3 0 2

median owner-occupied housing value

households with no vehicles

average household size

owner vs. renter occupied households

18% 82% 22% 78%

family vs. non-family householdspopulation

7,157

downtown denver

race / ethnicity

education / income

age & gender

73.0%27.0%26.6%

23.1% 22.4%

1.41 1.57

*34.1

164.3% 32.1%

*33.6

growth 2000-2015:

F 43%M 57%

F 45%M 55%

*median age

city center neighborhoods

2000

2010

2015*

2020*

15,044

18,914

21,624 77,265

69,872

60,497

52,883

*estimate/projection

14.3% 10.6%*growth 2015-2020:

with degree

with degree

*63%

*56%

$91,961

$73,837

years years

average household income

residents with bachelor’s degree or higher

*

13

| DEMOGRAPHICS

>

4.0%

2007

2008

2009

2010

2011

2012

2013

*201

4

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

11.0%

9.7%

$5 M

2006

2007

2008

2009

2010

2011

2012

2013

$10 M

$15 M

$20 M

$25 M

$30 M

$35 M

$40 M

$38 MILLION

Sales Tax Collections in DowntownDenver are on the Rise

Downtown Denver’s Share of the City of Denver’s Total Sales Tax Collection is Increasing

RETAIL AND RESTAURANTS

restaurants

miscellaneousstores

manufacturing

hotel + other accommodationservices

other categories(less than 4% each)

clothing +accessory stores

48%

19%

15%

7%

6%

5%

Downtown Denver retail has something for everyone.

• Over 1,000 retail establishments are located in Downtown Denver, providing ample options for eating, entertainment, shopping and more.

• The 16th Street Mall is the most popular shopping and entertainment destination among Metro Denver visitors.

• Businesses along the 16th Street Mall accounted for 35% of the total sales tax collected in Downtown Denver in the first three quarters of 2014.

• Downtown Denver has 3,328,000 square feet of retail space with a 4.4% vacancy rate.

• The direct average lease rate for retail space in Downtown Denver is $28.01/sf.

• Over 75 retailers and restaurants opened in 2014.

• A curated collection of independent retailers and restaurants opened in the newly renovated historic Denver Union Station in July 2014, creating a new retail destination for Downtown Denver.

• Retail continues to thrive and evolve along the 16th Street Mall. New first in market and best in class concepts announced leases at the Denver Pavilions and a variety of high-quality eateries opened along the mall over the course of the past year.

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Sources: CoStar, Downtown Denver Partnership, City of Denver, Visit Denver

Restaurants Account for Almost Half of Downtown’s Sales Tax Collection

*first three quarters of 2014

DOWNTOWN DENVER HAS EVOLVED INTO A VIBRANT, CULTURALLY EXCITING PLACE TO HAVE MY FOUR RESTAURANTS.

“ “

- Jennifer JasinskiOwner, Rioja, Euclid Hall, Bistro

Vendome, Stoic and Genuine

31ST ST

ARKI

NS C

T

WA

ZEE

ST

WEL

TON

ST

MA

RKET

ST

CURT

IS S

T

BLA

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ST

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T

LARI

MER

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CHA

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UT

ST

CHERRY CREEK TRAIL

CIVIC CENTERSTATION

COLORADOCONVENTION

CENTER

DENVER PERFORMING

ARTS COMPLEX

PEPSICENTER

STATECAPITOL

19TH ST

18TH ST

9TH ST

W 12TH PL

12TH ST

13TH ST

CHES

TNU

T PL

12TH ST

14TH ST

VALLEJO ST

LARI

MER

ST

BRYANT ST

SHOSHONE ST

TEJON ST

W 11TH AVE

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YUMA

ST

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SEMINOLE RD

CURT

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ELATI ST

W 7TH AVE

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NAVAJO ST

5TH ST

W 10TH AVE

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NU

T ST

OSAGE ST

ELATI ST

7TH ST

W 9TH AVE

CHEROKEE ST

E 18TH AVE

ZUNI ST

W COLFAX AVE

MIL

E HI

GH S

TA

DIUM CIR

BANNOCK ST

GALAPAGO ST

W 14TH AVE

W 11TH AVE

MARIPOSA ST

KALAMATH ST

LIPAN ST

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GALAPAGO ST

LIPAN ST

LOGAN ST

GRANT ST

E 16TH AVE

W 13TH AVE

W 13TH AVE

SHERMAN ST

AURA

RIA

PA

RKW

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W COLFAX AVE

W 8TH AVE VIAD

14TH ST

15TH ST

19TH ST

W 8TH AVE

KALAMATH ST

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17TH ST

16TH ST MALL

15TH ST

18TH ST

DENVER UNIONSTATION

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T PL

under 4,9995,000 - 9,999

10,000 - 14,99915,000 - 19,99920,000 - 24,999

25,000+SATURDAYBUSIEST DAY BUSIEST MONTH BUSIEST HOUR

AUGUST NOON

Sat, Oct 18, 2014

Sat, May 24, 2014

Sat, Dec 6, 2014

Sat, Aug 30, 2014

Sat, May 31, 2014

Sat, Dec 13, 2014

Sat, Oct 4, 2014

Sat, Aug 16, 2014

Sat, Aug 2, 2014

Sat, Nov 29, 2014

Top 10 days in 2014 by pedestrian traffic:

1

2

3

4

5

6

7

8

9

10

avg. daily pedestrian traffic

| PEDESTRIAN ACTIVITY IN THE 16TH STREET MALL CORRIDOR

*first three quarters of 2014

15

Institution Fall 2014 Enrollment

Metropolitan State University 21,179

University of Colorado Denver 14,369

Community College of Denver 9,622

Colorado State University Executive MBA Program

33

TOTAL 45,203

STUDENTS AND UNIVERSITIES 16

201

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TOWN

DEN

VER

• Over 45,000 students attend public, not-for-profit institutions of higher education in Downtown Denver.

• Over 10,000 students attend various trade and private for-profit institutions that have classroom space in Downtown Denver.

• The Auraria Campus is a unique higher education community located in Downtown Denver. The 150-acre campus is home to three distinct academic institutions – University of Colorado Denver, Metropolitan State University of Denver and the Community College of Denver.

The concentration of higher education institutions contributes to Downtown Denver’s vibrancy.

PROGRAMS TARGETED AT ENERGY EDUCATION, SUCH AS CU DENVER’S GLOBAL ENERGY MANAGEMENT PROGRAM, ARE A GREAT TOOL TO DEVELOP THE DOWNTOWN DENVER

WORKFORCE AND HELP US RECRUIT AND RETAIN ENCANA EMPLOYEES.“ “

- Doug HockEncana Oil & Gas

(USA) Inc.

Sources: Downtown Denver Partnership, Auraria Higher Education Center, Metropolitan State University, University of Colorado Denver, Community College of Denver, Colorado State University

17

| INNOVATIVE HIGHER EDUCATION PROGRAMS IN DOWNTOWN DENVER

University of Colorado Denver Business School

• Provides education programs and research in commodities markets, regulation, trading, financial fundamentals, investigating, risk management and ethics.

• Aims to become the global leader in commodities research and education.

• Offers an MBA specialization in commodities, undergraduate certificates in commodities and professional education.

• Downtown Denver business partners advise the center and provide internship and professional opportunities.

Metropolitan State University of DenverAviation and Aerospace Science Department

• One of the largest and most advanced collegiate aviation programs in the country.

• Programs are specially-designed to meet workforce demands.

• Opening in 2017, MSU’s new Aerospace and Engineering Sciences Building will revolutionize aerospace and advanced manufacturing education in Colorado by integrating aviation, aerospace sciences, engineering, industrial design, computer information systems and computer sciences in one location.

Community College of Denver

• Offers certificates and Associate Degrees in 3D Modeling and Design, Machine Technologies, CNC Manufacturing, CNC Management and Fabrication.

• Machining and Welding students are working on a RockSat C project to build components for a NASA rocket anticipated to launch in July 2015.

• Working with the U.S. Department of Agriculture Forest Service, faculty and students designed and built a fire prevention radio tower prototype.

Auraria Campus

• In 2016, the Tivoli Park/Quad will be a shared campus community space designed to support special events, festivals and general social uses.

• A series of patios will be added to the side of the existing Tivoli building, one of which will serve as an outdoor beer garden for the Tivoli Tap Room.

• The Tivoli Park/ Quad project is another successful way of connecting the Auraria Campus to Downtown Denver and enhancing its public spaces.

J.P. Morgan Center for Commodities

Advanced Manufacturing The Tivoli Park/Quadrangle

How Downtown DenverEmployees Get

to Work

Downtown Denver Experiencing Surge in Mobility Options

MOBILITY18

201

5 | S

TATE

OF

DOWN

TOWN

DEN

VER Downtown Denver residents, employees and visitors have

more mobility options than anywhere else in the region.

• Over 60% of Downtown Denver employees use transit, walk, bike or share the ride to work.

• There are 30 on-street parking spots dedicated for carshare vehicles in Downtown Denver.

• 185,815 B-cycle bikes were checked out from 31 Downtown Denver stations in 2014, a 49% increase since 2013.

• Commuting by bike into Downtown Denver has increased 43% in the past year.

• 42,009 off-street parking spaces are available in Downtown Denver.

• The new RTD Union Station Bus Concourse opened May 9, 2014. It features a 22-gate underground bus facility that serves 16 distinct bus routes, including the new Free MetroRide.

Downtown Denver is squarely in the middle of significant increases in transportation options, clearly responding to the

60% of Downtown Denver commuters who use transportation options to travel to work every day. Over the past 18 months,

three new carshare programs and two on-demand transportation providers have expanded operations into Downtown

Denver, a new protected bike lane has been added along 15th

Street, and RTD introduced the Free MetroRide, a new shuttle

running along 18th and 19th Streets between Denver Union

Station and Civic Center Station. In the next 18 months, three

new RTD commuter rail lines will open connecting the western,

northern and eastern suburbs to Downtown Denver at Denver

Union Station, as well as provide direct service to Denver

International Airport, three new protected bike lanes will open

on Arapahoe, Lawrence and 14th Streets, and a new on-street

bicycle parking program will add new locations for Downtown

Denver visitors to park their bicycles.

>Sources: Downtown Denver Partnership, City of Denver, Denver Bike Sharing, Regional Transportation District

31ST ST

ARKI

NS C

T

TRANSITDROVE ALONE

BICYCLEDCARPOOLED

WALKEDTELEWORKED

MOTORBIKEVANPOOLED

43.4%

0.2%

38.3%6.6%4.6%4.5%1.4%1.0%

i53% i34% i9% h22% i14% h43% n0% i3%

CHAN

GE FR

OM 20

13

>

convention center

CONFLUENCE

PARK

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VER

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RK

16TH ST MALL SHUTTLE16TH ST MALL SHUTTLE

FIVE

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PLATTE RIVER TRAIL

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current or future protected bike lane

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35 minutesby train from Denver Union Station to Denver International Airport

18.5 milesof bike lanes and trails in Downtown Denver

Growing Network of Public Spaces in Downtown DenverDowntown Denver welcomed a brand new public space at Denver Union Station with the completion of Wynkoop Plaza in July 2014. The 40,000 square foot public plaza is surrounded by restaurant patios, entrances to more than a dozen office buildings, stores and restaurants, making the plaza active with pedestrian traffic for a significant portion of the day. During the summer months, the plaza’s southern side offers a fountain that attracts children, as well as the young at heart, to cool-off and play in the water that jets out of the ground. The computer programmed fountain displays a variety of effects, shooting out bursts of water in constantly changing shape and timing patterns. The northern side of the plaza hosts a grove of trees and permanent seating, offering plenty of shade to users of the plaza. Continued investment in urban parks and public spaces is an integral component of propelling Denver forward as a world-class city with an economically healthy and vibrant Downtown. The Downtown Denver Partnership and the City of Denver are working on a cohesive master plan, Denver’s Outdoor Downtown: Turning Urban Spaces into Thriving Places. This plan will outline how Downtown parks and public spaces may be best utilized to serve a rapidly increasing population.

ENVIRONMENT20

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VER Downtown Denver offers a healthy green environment and a

commitment to sustainability.

• Downtown Denver has 152 acres of parks and open space.

• RTD’s Union Station Bus Concourse was awarded LEED Gold certification, becoming only the ninth transit building in the United States to earn LEED designation.

• The recently formed Denver 2030 District includes 45 buildings representing over 20 million square feet in Downtown Denver. The District aims to dramatically reduce energy consumption, water use, and emissions from transportation.

• There are 37 businesses in Downtown Denver that are certified through the City of Denver’s Certifiably Green Denver Program.

WHEN IT COMES TO GREEN BUILDING AND URBAN SUSTAINABILITY, DOWNTOWN DENVER CONTINUES TO BE A TRAILBLAZER.

- Sharon Alton

U.S. Green BuildingCouncil Colorado

>Sources: U.S. Green Building Council Colorado, Certifiably Green Denver, Denver 2030 District, City of Denver, Downtown Denver Partnership

Five Largest 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

- Sharon Alton

>

21

60%

2001

2002

2003

2004

2005

2006

2007

2008

65%

70%

75%

85%

80%

2000

2009

2010

2011

2012

2013

78.2%

2014

$100

2011 2012 2013 2014

$110

$115

$120

$125

$130

$135

$140

$134.34

$110

2001

2002

2003

2004

2005

2006

2007

2008

$120

$130

$140

$150

$160

0

2000

2009

2010

2011

2012

2013

$171.8620

14

$170

$180

Hotel Occupancy

Revenue Per Available Room

Average Daily Room Rate

TOURISM Downtown Denver is a must-visit attraction for Denver area visitors.

• Downtown Denver is home to 27 hotels with over 9,332 hotel rooms, which represent almost 22% of the hotel rooms in the entire Metro Denver region.

• Downtown’s hotel market is enjoying high demand with increasing room nights and occupancy rates.

• Downtown Denver’s award-winning Colorado Convention Center welcomed 918,616 visitors in 2014.

• The 16th Street Mall is the most popular shopping and entertainment destination among Metro Denver visitors.

22

201

5 | S

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OF

DOWN

TOWN

DEN

VER

Sources: Rocky Mountain Lodging Report, VISIT DENVER, Downtown Denver Partnership

Major Conventions in Downtown Denver, 2014

Colorado Crossroads Volleyball Tournament 58,500

Great American Beer Festival 45,000

SnowSports Industries America 19,000

Custom Electronic Design Installation Assn. 18,000

American Academy of Dermatology 17,000

National Education Association 12,000

Risk and Insurance Management Society, Inc. 10,000

American Physical Society 9,500

True Value Company 9,500

American Veterinary Medical Association 9,000

Society of Cable Telecommunications Engineers 9,000

• Seven of the top 15 attractions for Metro Denver visitors are located in Downtown Denver.

• In 2014, total occupied hotel room nights for Downtown Denver was 2,017,933.

CULTURE, SPORTS AND EVENTS Downtown Denver is becoming a 24/7 city with activity year-round.

• Award-winning museums in Downtown Denver include the Denver Art Museum, Clyfford Still Museum, Denver Museum of Contemporary Art and History Colorado Center.

• The Denver Performing Arts Complex in Downtown Denver is the second-largest performing arts complex in the U.S. with 10 performance spaces, including an opera house, concert hall and various theatres.

• In addition to family-friendly exhibits at Downtown Denver’s many museums, families can visit the Children’s Museum of Denver, Elitch Gardens Theme and Water Park and the Downtown Aquarium.

• Major sports venues for Denver’s professional sports teams are located in Downtown Denver. Sports fans can attend basketball and hockey games at the Pepsi Center, baseball games at Coors Field and football games at Sports Authority Field at Mile High.

JANUARY

FEBRUARY

MARCHAPRIL

MAY

JUNEJULY

AUGUST

SEPT

EMBE

ROC

TOBE

R

NOVEMBER

DECEMBER

STARZ FILM FESTIVAL

COLORADO AVALANCHE HOCKEY SEASON

DENVER NUGGETSBASKETBALL SEASON

DOORS OPEN DENVER

CINCO DE MAYO FESTIVAL

COLORADO ROCKIES BASEBALL SEASON

USA PRO CHALLENGE

BIKE TO WORK DAY

A TASTE OF COLORADO

GREAT AMERICANBEER FESTIVAL

DENVER RESTAURANT WEEK

SOUTHWEST RINK AT SKYLINE PARK

DENVER BRONCOSFOOTBALL SEASON

MONDAY - STARTUP WEEK OPENING BASH TUESDAY - VO

LUN

TEER FEST C

OLO

RADO

WEDNESDAY - DENVER BIKE NIGHT THURSDAY - PECHAKUCHA VOL. 23

FRIDAY - 9N

EWS

PAR

ADE

OF

LIG

HTS

SA

TURD

AY -

PRI

DEFE

ST

SUNDAY - MEET IN THE STREET

DAYS

12MONTHS

7

24HOURS

1 PMDENVER DERBY

PARTY

12 AMNEW YEARS EVE

FIREWORKS

2 PMDENVER ZOMBIE

CRAWL

10 PMOHHECK,YEAH!

11 AMNATIONAL WESTERN

STOCK SHOW PARADE

6 AMYOGA IN CIVIC CENTER PARK

3 PMART OF WINTER

ICE SCULPTING EXHIB.

5 PMLODO BITES

7 PMBIKE-IN MOVIES ATCIVIC CENTER PARK

4 PMALMOST HAPPY

HOUR

8 PMARTOPIA WHITEOUT

FASHION SHOW

9 AMST. PATRICK’S DAY

PARADE

RUNNIN’ OF THE GREEN

23

DOWNTOWN DENVER INC.BOARD OF DIRECTORS 2014-2015

Board OfficersWalter Isenberg, Sage Hospitality, Chairman

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

Travis Webb, BKD CPAs & Advisors, Secretary

Bruce James, Brownstein Hyatt Farber Schreck

Susan Powers, Urban Ventures LLC

Ralph Pace, US Bank

MembersJim Basey, Centennial Bank

Mike Bearup, KPMG LLP

Molly Broeren, Molly’s of Denver

Kristin Bronson, Lewis Roca Rothgerber

Cedric Buchanon, BBVA Compass

Terrance Carroll, SCL Health

Chris Castilian, Anadarko Petroleum Corporation

Stephen Clark, S. B. Clark Companies

Mark Cornetta, 9News

Dana Crawford, Urban Neighborhoods, Inc.

Lori Davis, Grant Thornton

David Eves, Public Service Company, an Xcel Energy Co.

Cole Finegan, Hogan Lovells US LLP

Bob Flynn, Crestone Partners, LLC

Mark Goodman

Jim Greiner, iTriage, LLC

Tom Grimshaw, Spencer Fane & Grimshaw, LLP

Michael Hobbs, Guaranty Bank and Trust Company

Jim Holder, Cigna

Kathy Holmes, Holmes Consulting Group

Catherine (Katy) Jones-Metelko, Wells Fargo

Steve Katich, J.E. Dunn Construction Co.

David Kenney, The Kenney Group

Pete Khanna, TrackVia, Inc.

Dick Kirk, Richard A. Kirk & Associates

Gail Klapper, Colorado Forum

Kim Koehn, K2 Ventures, LLC

Mike Komppa, Corum Real Estate Group

Tom Lee, Newmark Grubb Knight Frank

Harry T.Lewis, Lewis Investments

Laura Love, Groundfloor Media

Chad McWhinney, McWhinney

Karyn Miller, Craftsy

John Moye, Moye White

Will Nicholson

Ray Pittman, CB Richard Ellis

Gary Reiff, Black Creek Group

Jon Robinson, UMB

Maja Rosenquist, Mortenson Construction

Kathy Seidel, The Northern Trust Company

Charlita Shelton, University of the Rockies

Marc Spritzer, CoBiz Financial

George Thorn, Mile High Development

Tracy Winchester, Five Points Business District

David Wollard

Mike Zoellner, RedPeak PropertiesDOWNTOWN DENVER BUSINESS IMPROVEMENT DISTRICT BOARD OF DIRECTORS 2015 Dorit Fischer, NAI Shames Makovsky, Chair

Gina Guarascio, Jones Lang LaSalle, Vice Chair

Josh Fine, Focus Property Group, Treasurer

Susan Cantwell, The Gart Companies, Secretary

Connie O’Murray, Jones Lang LaSalle

Ed Blair, Mile High United Way

Josh Comfort, Real Estate Development Services

Rick Kron, Spencer Fane Britt and Browne, Legal Advisor

GRAPHIC DESIGNDerek Berardi | www.derekberardi.com

PHOTOGRAPHYRyan Dravitz Photography

DENVER CIVIC VENTURESBOARD OF DIRECTORS 2014-2015

Board OfficersBill Mosher, Trammell Crow Company, Chairman

Trinidad Rodriguez, D.A. Davidson & Co., Vice Chairman

Sarah Rockwell, Kaplan Kirsch Rockwell, Secretary

Meg VanderLaan, MWH Global, Inc.

Tom Gougeon, Gates Family Foundation

Evan Makovsky, NAI Shames Makovsky

Jennifer Johnson, HKS Architects, Chair Appointee

Dr. Stephen Jordan, Metropolitan State Univ. of Denver, Chair Appointee

MembersLaura Aldrete, Parsons Brinckerhoff

Bruce Alexander, Vectra Bank Colorado

Sueann Ambron, Univ. of Colorado Denver – Business School

Ray Bellucci, TIAA-CREF

Ferd Belz,L.C. Fulenwider, Inc.

Brianna Borin, Snooze AM Eatery

Sarah Semple Brown, Semple Brown Design

Ed Bucholtz, Hyatt Regency Denver

Marvin Buckels

Frank Cannon, Continuum Partners

Dee Chirafisi, Kentwood City Properties

Gene Commander, Polsinelli

Chris Crosby, The Nichols Partnership

Kelly Dunkin, The Colorado Health Foundation

Taryn Edwards, Saunders Construction Co.

Greg Feasel, Colorado Rockies Baseball Club

Patty Fontneau, Cigna

Jerry Glick, Columbia Group LLLP

Beth Gruitch, Rioja

Ismael Guerrero, Denver Housing Authority

Randy Hammond, JPMorgan Chase

Amy Hansen, Polsinelli

Jim Hearty, DaVita

Rus Heise

Doug Hock, Encana

Don Hunt

Jim Johnson, JG Johnson Architects

Adam Lerner, Museum of Contemporary Art Denver

Traci Lounsbury, ELEMENTS

Roland Lyon, Kaiser Foundation Health Plan of Colorado

Cindy Parsons, Comcast

Ken Schroeppel, Univ. of Colorado Denver – Coll. of Arch. & Planning

Glen Sibley, Fleisher Smyth Brokaw

Mark Sidell, Gart Properties

David Sternberg, Brookfield Office Properties

Jean Townsend, Coley Forrest, Inc.

David Tryba, Tryba Architects

Joe Vostrejs, Larimer Associates

Elbra Wedgeworth, Denver Health

Wendy Williams, Vector Property Services, LLC

CONTRIBUTORS AND EDITORS The State of Downtown Denver is a

publication of the Downtown Denver

Partnership Research Department. Staff

authors, contributors and editors include:

Emily Brett, Aylene McCallum, John

Desmond, Aneka Patel, Kate Barton, Tami

Door, Bonnie Gross, Jim Kirchheimer, Kate

Lynch, Brian Phetteplace, Chloe Rekow and

Brittany Morris Saunders.

INFORMATION SOURCESAuraria Higher Education Center,

Brookings, Certifiably Green Denver, City

of Denver, Colorado Comps, Colorado

Department of Labor and Employment

Quarterly Census of Employment and

Wages, Colorado State University,

Community College of Denver, CoStar,

Denver 2030 District, Denver Bike Sharing,

Denver Business Journal, Denver Infill,

Denver Metro Apartment Vacancy and

Rent Survey, Denver Post, Development

Research Partners, Downtown Denver

Partnership, Metropolitan State University,

Nielsen SiteReports/Claritas, Regional

Transportation District, Rocky Mountain

Lodging Report, U.S. Census, U.S. Census

Longitudinal Employment Household

Dynamics, U.S. Green Building Council

Colorado, University of Colorado Denver,

VISIT DENVER, www.walkscore.com.

DOWNTOWN DENVER’S VIBRANCY AND ECONOMIC VITALITY PLAY AN INTEGRAL ROLE IN THE SUCCESS OF OUR ENTIRE CITY.

- Michael B. Hancock

“ “

MayorCity and County of Denver

Published in March 2015 by:Downtown Denver Partnership511 16th Street, Suite 200Denver, CO 80202

303.534.6161www.downtowndenver.com

Downtown Denver

@DowntownDenver

@Downtown_Denver

Downtown DenverPartnership, Inc.