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@
S T A T E O F D O W N T O W N
DENVER2016
EMPLOYMENT GROWTH IN
DOWNTOWN DENVER SINCE 2010
13.2%
COMPANIES THAT HAVE RELOCATED TO
OR EXPANDED IN DOWNTOWN DENVER
OVER PAST 24 MONTHS
24TOTAL INVESTMENT IN DOWNTOWN DENVER
THROUGH DEVELOPMENTS UNDER
CONSTRUCTION AND PLANNED
$2.5BILLION
TOTAL MILES OF RAILCONNECTED TO DOWNTOWN
DENVER BY END OF 2016
88
DOWNTOWN’S RESIDE
POPULATION HAS ALM
TRIPLED SINCE 2000
3X
Downtown DenverPartnership, Inc.
P R O D U C E D B Y
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INTRODUCTION
RANKINGS
DOWNTOWN DENVER’S STRATEGIC VISION
DEVELOPMENT + INVESTMENT
OFFICE MARKET + EMPLOYERS
WORKFORCE
STUDENTS + UNIVERSITIES
RESIDENTS
RETAIL + RESTAURANTS
MOBILITY
PUBLIC SPACE + ACTIVATION
TOURISM + ATTRACTIONS
ACKNOWLEDGEMENTS
1
3
4-5
6-7
8-9
10-11
12-13
14-15
16-17
18-19
20-21
22-23
25
TABLE OF CONTENTS>
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WANT EVEN MORE?• Become a Member: Email [email protected]
• Engage: Facebook (Downtown Denver), Twitter (DENPartnership and DowntownDenver), Instagram (Downtown_Denv
• Learn More: www.downtowndenver.com
> INTRODUCTIONDowntown Denver is thriving. With strong economic growth and a dynamic energy, it’s a place where
people want to live and work. As a result, it’s a place where companies want to locate.
Population and employment growth in Downtown Denver is among the strongest in the country, with
Downtown’s residential population almost tripling since 2000 and total employment at a record high.
Forbes crowned Denver as the best place for business and careers and U.S. News and World Report
declared Denver the best place to live in the country.
In the past 24 months alone, 24 companies have relocated their headquarters or expanded into
Downtown Denver. A hub of entrepreneurship and innovation, hundreds of new companies are also
founding and growing their businesses here, employing thousands of people and raising hundreds of
millions of capital.
The Downtown Denver Partnership’s intentional place-based economic development approach has
helped create this powerful economic engine for the city, state and region. Innovative, results-driven
strategies have ensured Downtown Denver is an economically healthy, growing, and vital center city.
This year’s State of Downtown Denver details the growth, investment, and transformation by
innovators, city-builders and place-makers. We encourage you to join them by leveraging the
information in this report to encourage continued investment in Downtown Denver.
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RANKINGS
&
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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 Us of Resources
The Mall Experience: The Future of Denver’s 16th Street Mall
The City and County of Denver and the Downtown Denver Partnership are working with Gehl
Studio, a global leader in people-centered urban design, with the goal of bringing more peopleto the Mall more often and having them stay longer. To achieve that, we’re studying Mall activity
and conducting public outreach to identify ways to help the Mall reach its full potential as a
welcoming place for everyone, and the heart of a vibrant downtown.
The Outdoor Downtown: The Future of Denver’s Parks and Public Spaces
Denver Parks & Recreation and the Downtown Denver Partnership are collaborating to create
an innovative master plan for Downtown Denver’s outdoor spaces. The 20-year plan will focus
on investment in Downtown’s parks and public spaces to enhance the quality of life, and create a
sustainable, vibrant downtown that is economically healthy and growing.
The Next Stage: The Future of Denver’s Performing Arts Complex
Denver Arts & Venues, in partnership with other City agencies and the community, including the
Downtown Denver Partnership, has announced its vision for the future of the Denver Performing
Arts Complex. The vision includes facilities and activities that support music, youth education
and the further development of the neighborhood to contribute to a diverse, vibrant and
economically thriving Downtown.
Downtown Area Plan:
The 2007 Downtown Area Plan set 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:
Major Downtown Planning Initiatives:
DOWNTOWN DENVER’S STRATEGIC VISIONThe Downtown Denver Partnership aligns the commitment of public and private sector leaders to create and
implement the strategic vision for a world-class center city.
P R O D U C E D B Y T H E D O W N T O W N D E N V E R P A R T N E R S H I P | D O W N T O W N D E N V E R . C O M
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Sources: Downtown Denver Partnership, 2007 Downtown Area Plan, City and County of Denver
Boundaries
This report uses two geographic definitions as shown on the map below. Downtown Denver refers to the core ofDowntown Denver as set forth by the 2007 Downtown Area Plan. The Center City Neighborhood boundary includes
Downtown Denver and its surrounding residential neighborhoods. While not used in this report, the map below
shows the boundary of the Downtown Denver Business Improvement District, a public organization funded by private
commercial property owners. The 120 block District provides a clean, safe and
vibrant downtown environment for workers, residents and visitors.
D E N V
E R
U N I O N
S T A T
I O N
PEPSICENTER
E S P E E R B L
V D
P L A T T E
S T
W COLFAX AVE
3 0 T H S T
Z U N I S T
F E D
E R A L
B L V
D
S A N T A
F E D R
I
I
1 6 T H S
T M A L L
G R A N T S T
W COLFAX AVE
B L A K E
S T
P E C O S S T
38TH AVE
N S P E E R
W 8TH AVE
B R I G H T O
N B L V D
2 0 T H
L I N C OL N S T
P A R K A V E
E 8TH AVE
D O W N I N G S T
C H A M
P A S T
S P E E R
B R O A D W
A Y
25
SPORTSAUTHORITY
FIELD
GatesCrescent
Park
JeffersonPark
C e n t
e n n i
a l
G a r d
e n s
City ofCuernavaca
Park
Rude
Park
Lincoln
Park
C o m m
o n s
P a r k
CivicCenter
Park
20TH AV E
3 8 T H S T
DOWNTOWN
BOUNDARIES
E 6T H AV E
CENTRALPLATTE VALLEY
AURARIA
CENTRAL
PLATTE VALLEY COMMONS
PROSPECT
LODO
BALLPARK
ARAPAHOE
SQUARE
COMMERCIAL
CORE
AURARIA
CULTURAL
CORE
GOLDEN
TRIANGLE
CENTER CITY
NEIGHBORHOOD BOUNDARY
DOWNTOWN DENVER
BOUNDARY
BUSINESS IMPROVEMENT
DISTRICT BOUNDARY
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DEVELOPMENT + INVESTMENTDevelopers are responding to increased demand for residential housing, office space and hotel rooms in Downtown
Denver propelled by strong population and job growth, as well as key public-sector investments.
2008 2009 2010 2011 2012 2013 2014 2015 Future
$2.5B
$750M
$1.50B
$2.25B
$3.0B
15 development projects were completed in
Downtown Denver in 2015, representing:• $634,700,000 of investment
• 511 additional hotel rooms
• 1,901 additional residential units
• 333,000 additional square feet of office space
As of mid-2016, there are 18 projects underconstruction and 14 projects planned
for development in Downtown Denver,representing:
• $2,471,940,000 of investment
• 1,230 additional hotel rooms
• 4,592 additional residential units
• 2,770,300 additional square feet of office space 0% 25%
ResidentialMixed-UseOffice
Government + Academic InstitutionsHotelEntertainment + Culture
Transportation + Public Realm
50% 75% 100%
Increasing Investment in Downtown Denver
Variety of Project Types
P R O D U C E D B Y T H E D O W N T O W N D E N V E R P A R T N E R S H I P | D O W N T O W N D E N V E R . C O M
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H
O
T
E
L
H
O
T
E
L
H
O
T
E
L
H
O
T
E
L
H
O
T
E
L
H
O
T
E
L
H
O
T
E
L
$205 Million TOTAL INVESTMENT: TOTAL COMPLETED PROJECTS: 5
TOTAL FUTURE PROJECTS: 3
$509 Million TOTAL INVESTMENT:
800 UNITS
150ROOMS
$464,200,000INVESTMENT
376UNITS
Arapahoe Square
$1.38 Billion TOTAL INVESTMENT: TOTAL COMPLETED PROJECTS: 11
TOTAL FUTURE PROJECTS: 6
$1.45 Billion TOTAL INVESTMENT: TOTAL COMPLETED PROJECTS: 11
TOTAL FUTURE PROJECTS: 9
$766 Million TOTAL INVESTMENT: TOTAL COMPLETED PROJECTS: 8
TOTAL FUTURE PROJECTS: 1
Commercial Core
$446 Million TOTAL INVESTMENT: TOTAL COMPLETED PROJECTS: 9
TOTAL FUTURE PROJECTS: 3
Golden Triangle$1.26 Billion TOTAL INVESTMENT:
TOTAL COMPLETED PROJECTS: 6
TOTAL FUTURE PROJECTS: 6
LoDo$177 Million TOTAL INVESTMENT:
TOTAL COMPLETED PROJECTS: 2
TOTAL FUTURE PROJECTS: 1
Prospect
Auraria Ballpark
CPV Commons Cultural Core
2,087ROOMS
380ROOMS
3,625 UNITS
946UNITS
346ROOMS
$697,200,000
INVESTED
2,116,500SQUARE FEET
$46,630,000INVESTED
165
ROOMS
1,044UNITS
129,833
SQUARE FEET
$169,000,000INVESTED 482
ROOMS
901UNITS
970,800SQUARE FEET
$479,800,000INVESTED
883UNITS
H
O
T
E
L
HOTEL
TOTAL HOTELROOMS ADDED
TOTAL RESIDENTIALUNITS ADDED
TOTAL SQUARE FEETOF OFFICE ADDED
DOLLARS INVESTED IN MAJOR PROJECTS
RESIDENTIAL COMMERCIAL CIVIC
PROJECT TOTALS NO OR INSIGNIFICANT DEVELOPMENT
LEGEND
Totals include projects completed since 2010 and projectsunder construction/planned as of May 2016
1,093,000SQUARE FEET
H
O
T
E
L
H
O
T
E
L
TOTAL COMPLETED PROJECTS: 7
TOTAL FUTURE PROJECTS: 3
$75 Million TOTAL INVESTMENT:
TOTAL COMPLETED PROJECTS: 2
TOTAL FUTURE PROJECTS: 0
DEVELOPMENT BY DISTRICT SINCE 2010
Sources: Downtown Denver Partnership - For boundaries please contact the Downtown Denver Partnership.
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• Downtown Denver has a total of 36,151,490
square feet of office space.
• Despite the addition of over 1 million square
feet of office space in the past three years, the
direct vacancy rate for the Downtown Denver
office market is 9.5% as of the fourth quarter
2015. The direct average lease rate is $33.14/sf
and total net absorption for 2015 was 469,427.
• As of the beginning of 2016, there is 1,623,000
square feet of office space under construction
and 1,147,300 square feet of office space
planned for development.
9.5% direct vacancy rate( 4Q15)
$33.14 /SF direct average lease rate( 4Q15)
469,427SF total net absorption( 2015)
OFFICE MARKET + EMPLOYERSDowntown Denver is an ideal place to start or grow a business. An increasing number of companies are locating in
Downtown Denver resulting in strong office market fundamentals.
TOP 20 DOWNTOWN DENVER EMPLOYERS*:Hyatt Regency Hotel at the ColoradoConvention Center
KPMG LLP
Mortenson Construction
Sheraton
TIAA
Transamerica Investments& Retirement
US Bank
Wells FargoXcel Energy
Accenture
ALPs Fund Services
Anadarko Petroleum
Anthem Blue Cross Blue Shield
CenturyLink
Comcast
DaVita HealthCare Partners Inc.
Deloitte LLP
Denver PostEncana
Gates Corporation
2 Q 1 1
3 Q 1 1
4 Q 1 1
1 Q 1 2
2 Q 1 2
3 Q 1 2
4 Q 1 2
1 Q 1 3
8%
9%
10%
12%
11%
14%
Vacancy Rate
13%
$1
$2
$2
$3
$3
1 Q 1 1
2 Q 1 3
3 Q 1 3
4 Q 1 3
1 Q 1 4
2 Q 1 4
3 Q 1 4
4 Q 1 4
1 Q 1 5
2 Q 1 5
3 Q 1 5
4 Q 1 5
Avg. Lease Rate (per sf)
Downtown Denver Office Market TrendsDirect Vacancy and Lease Rates
* List includes only private sector, for-profit employers
A STRONG CULTURE OF ENTREPRENEURSHIP AND INNOVATION
Downtown Denver is committed to supporting and growing a thriving culture of innovation and
entrepreneurship. The Downtown Denver Partnership, along with other community leaders, have built
resources to ensure that anyone who wants to start or grow a business can do so in Downtown Denver. These
resources include Denver Startup Week, the largest free entrepreneurial event in North America with over
10,000 participants, and the Commons on Champa, a public campus for entrepreneurship where businesses,
nonprofits and individuals can assemble, collaborate and gain access to resources and educational content.
Now more than ever, the entrepreneurial spirit in Denver is alive and well, surging through Downtown
Denver at an unprecedented rate. Over 600 startups are located in the Center City, employing 4,359 people
and raising hundreds of millions of dollars of capital. The mix of a robust existing startup community, one of
the most highly-educated and fastest-growing workforces in the country, and dedicated resources to support
innovators at all stages make Downtown Denver the best place to start and grow a business.
P R O D U C E D B Y T H E D O W N T O W N D E N V E R P A R T N E R S H I P | D O W N T O W N D E N V E R . C O M
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x7 x2
x2
UKx2
United Wind
Spencer Ogden WorldRemit
Layer3 TV
Warren Resources
Microgrid Energy
Remote-Learner
World Wide Technology Inc.Kirkpatrick Bank
GranicusFiveStars
GustoJobAdder.comPensco Trust Co.PipelineRxSunrun
Poetic Systems
Map includes relocations and expansions announcedbetween April 2014 and April 2016
Additional Downtown Denver relocations,expansions, and new offices:· DISH Network· HomeAdvisor· Transamerica Corp.· Liberty Global· MicroStar Logistics· Prologis· Zayo Group
Significant expansions have also beenannounced by existing Downtown Denvercompanies, including:· Comcast· DaVita· KPMG· TIAA
DENVER IS A VIBRANT, GROWINGCITY WHERE WE ARE EXCITED TOEXPAND OUR FOOTPRINT.
J O S H R E E V E SGusto,
CEO and Co-founder“
DOWNTOWN DENVER IS ATTRACTING CORPORATE EXPANSIONS AND RELOCATIONS
Sources: CoStar, Downtown Denver Partnership, Metro Denver Economic Development Council, Denver Post, Denver Business Journal, Development Research Partners
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WORKFORCEMore people are working in Downtown Denver than ever before, and the highly-educated workforce
continues to grow and thrive in the center city’s urban, amenity-rich environment.
• Employment in Downtown Denver is increasing at a faster rate than U.S. employment. From 2010 to 2015, employment
in Downtown Denver has increased 13.2%, while employment nation-wide has increased by 8.5%.
• Businesses located in Downtown Denver have access to a highly-educated and growing labor pool. Over 40% of the
Denver Metro area residents have Bachelor’s Degree or higher. This makes Denver the seventh most educated metro
area in the country. In the past five years, Denver has seen the fourth highest increase in educated residents in the
country.
• Downtown Denver is the home to many of the region’s leading coding schools and bootcamps, including Galvanize,
General Assembly, Secure Set, Skill Distillery and the Turing School of Software & Design.
THE HIGHLY EDUCATE WORKFORCECOMING TO DENVER HELPS COMPANIESLIKE OURS GROW OUR BUSINESS ANDCULTIVATE GREAT TALENT.
A N D R E D U R A N D
Ping Identity,Chairman and CEO
“108 K
2 0 0 9
2 0 1 0
110 K
112 K
114 K
116 K
118 K
120 K
122 K
124 K
2 0 1 1
2 0 1 2
2 0 1 3
2 0 1 4
12
Employment Growth in Downtown Denver
P R O D U C E D B Y T H E D O W N T O W N D E N V E R P A R T N E R S H I P | D O W N T O W N D E N V E R . C O M
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P
R O F E S S I O N A L &
B U S
I N E S S S E R V I C E S
G O V E R N M E N T
L E I S U R E & H O S P I T A L I T Y
F I N A N
C I A L A C T I V I T I E S
N A T U R A L R E S O U R C E S
&
C O N S T R U C T I O N
W H O L E S A L E &
R E T A I L T R A D E
I N F O R M A T I O N
O
T H E R S E R V I C E S
E D U C A T I O N &
H E A L T H S E R V I C E S
T R A N S P . , W A R E H O U S I N G
& U T I L I T I E S
M
A N U F A C T U R I N G
31.4% 18.5%DOWNTOWN DENVER
DOWNTOWN DENVER METRO DENVER
METRO DENVER
30%
25%
20%
15%
10%
5%
The Professional and Business
Services sector employs the mostpeople in both Downtown Denver
and the Metro Denver region.
EMPLOYMENT BY SECTOR IN METRO DENVER & DOWNTOWN DENVER
Sources: Colorado Department of Labor and Employment Quarterly Census of Employment and Wages (Q2 2015 data), Development Research Partners, HeadlightData analysis of ACS data, U.S. Census Bureau (ACS data), U.S. BLS Current Employment Statistics
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STUDENTS + UNIVERSITIES
• Over 54,000 students attend public, not-for-profit
institutions of higher education in Downtown Denver.
• More than 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.
• In the past year, a variety of projects have advanced the goal of improved connections between the Auraria Campus
and Downtown Denver, including enhanced, brick-like crosswalks on Speer at Larimer and Lawrence Streets and thecreation of a more pedestrian-friendly crossing at Colfax and Lipan.
• The three institutions of the Auraria Campus are investing in new programs and buildings to serve current and future
students and to ensure graduates are workforce-ready when they enter the Denver job market. Currently under
construction, the Metro State University of Denver’s Aerospace and Engineering Sciences Building will educate
students with innovative programs to meet job needs in aviation, aerospace, and advanced manufacturing. The CU
Denver Wellness Center, a new 85,000sf building on Speer Blvd., will provide students with commuter services, fitness
classes, a climbing wall and a lap pool when completed in 2018. The Community College of Denver recently opened a
33,280sf Advanced Manufacturing Center offering degree and certificate programs in high-demand areas, including
machining and welding. Finally, the four-acre Tivoli Quad creates a new public space for all Auraria Students, as well
as downtown workers, residents and visitors.
The plethora of educational opportunities in Downtown Denver, from traditional universities to coding bootcamps,
contribute to a highly-educated workforce and help ensure businesses are able to recruit qualified employees.
Institution Enrollment
Metro State University of Denver 21,196
University of Colorado Denver 18,417
Community College of Denver 10,294
Colorado State University Executive MBA Program 32
Emily Griffith Technical College 4,101
TOTAL 54,040
P R O D U C E D B Y T H E D O W N T O W N D E N V E R P A R T N E R S H I P | D O W N T O W N D E N V E R . C O M
Sources: Auraria Higher Education Center, Colorado State University, Community College of Denver, Denver Infill, Emily Griffith Technical College, Metro State University of Denver, University of Colorado Denver
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RESIDENTS
• 75,972 people live in Downtown Denver and the
Center City Neighborhoods
• Downtown Denver’s projected growth rate in the
next five years is 12.6%, compared to the U.S.
projected growth rate of 3.7%.
• The city of Denver is one of the fastest growing
cities in the U.S. with 682,545 residents. Since 2010,
Denver has added an average of almost 16,000
residents per year, resulting in a population increase
of over 13% in the past five years.
• 4,592 residential units are under construction or
planned for development in Downtown Denver.
• Downtown has the highest walk, bike and transit
scores in Denver.
• As of early 2016, the average rent for a one-bedroom
apartment in Downtown Denver was $1,584 and the
average rent for a studio apartment was $1,210.
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.
2015 Residential Real Estate Market
DowntownDenver*
CenterCity*
MetroDenver*
Total Homes Sold 561 1,562 61,439
Average Sales Price $513,790 $414,144 $351,619
Average Price/SF $418 $362 $216
GROWING AMENITIES TO SUPPORT A GROWING POPULATION
High-quality amenities are central to Downtown Denver’s transition to a 24/7 city. In August 2015, King
Soopers opened Downtown’s first full-service grocery store offering 47,000sf of expanded fresh andprepared food offerings tailored to its urban neighborhood. A new 56,000sf Whole Foods flagship store is
also under construction with a planned opening in 2017. Downtown Denver’s newest elementary school, the
Downtown Denver Expeditionary School, is thriving with record enrollment and the charter has been secured
for the Downtown Denver Expeditionary Middle School.
DowntownDenver
Downtown Denver’s Expanding Residential Population
Center CityNeighborhoods
City of Denver
United States
215% |
Growth Rate 2000-2016
Projected Growth Rate 2016-2021
179%
36%
24%
15%
Growth Rate2000-2021
50% | Growth Rate2000-2021
35% | Growth Rate2000-2021
19% | Growth Rate2000-2021
P R O D U C E D B Y T H E D O W N T O W N D E N V E R P A R T N E R S H I P | D O W N T O W N D E N V E R . C O M
* Condominiums/townhomes and detached single-family homes combined
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population
7,108
downtown denver
O
T H
E R
3%
O
T H
E R
3%
race / ethnicityage & gender
households with no vehicles
21.4% 21.0%
average household size
1.4 1.6
F 45%
M 55%
*median age
center city neighborhoods*
2000
2010
2016*
2021*
14,844
19,854
22,357 83,817
75,972
63,297
55,709
*estimate/projection
years years
73%
12,702
45,344
households
$ 4 7 2 , 0 7 9 $ 3 6 5 , 7 4 2
median owner-occupied housing value
owner vs. renter occupied households
82% 78%
family vs. non-family households
73%
$100,825
$76,914average household income
educational attainment
Bachelor’s Degree
Master’s Degree
Doctorate Degree
Professional School Degree
2% 2%
6% 4%
17% 14%
40% 38%
DEMOGRAPHICS
Sources: Nielsen Segmentation and Market Solutions, walkscore.com, U.S. Census Bureau, Downtown Denver Partnership, Denver Metro Apartment Vacancy and Rent Survey, Colorado Comps
* center city neighborhood boundary revised in 2015
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RETAIL + RESTAURANTSDowntown Denver’s residential renaissance is encouraging retail development, including first-to-market
and new-to-downtown options that create a diverse retail scene with something for everyone.
• The retail market in Downtown Denver continues to strengthen and evolve. Uniqlo will open a 23,000sf flagship store,
only their second non-coastal location, at the Denver Pavilions in fall of 2016. Other new additions include one of
the few H&M Home locations in the country, an expanded Victoria’s Secret, as well as a number of new restaurants
along the 16th Street Mall. New retail spaces are planned for both the Dairy Block and the Market Street Station
redevelopment projects that will add over 130,000sf of new space to the Downtown submarket.
• Local, independent boutiques and chef-driven restaurants find success in Downtown Denver in addition to well-known
international brands. 53% of businesses located on the 16th Street Mall are local businesses or local chains, and retai
destinations like Larimer Square and Union Station are filled with unique, independent options.
• Businesses along the 16th Street Mall accounted for 36% of the total sales tax collected in Downtown Denver in 2015.
• Downtown Denver has 3,388,042sf of retail space with a 5.4% vacancy rate and a direct average lease rate of $22.53/sf.
• Average Household Income in Downtown Denver is $100,825, a 32% increase since 2013.
DECEMBER SEPTEMBER JUNE1ST 2ND 3RD
$5 M
2 0 0 6
2 0 0 7
2 0 0 8
2 0 0 9
2 0 1 0
2 0 1 1
2 0 1 2
2 0 1 3
2 0 1 4
2 0 1 5
$10 M
$15 M
$20 M
$25 M
$30 M
$35 M
$40 M
$45 M
$45 MILLION
restaurants
manufacturingother
hotel + othe
accommodation service
motor vehicles + auto parts
clothing +accessory store
49%
6%
miscellaneoustore
5%
4%10%
Rising Retail Sales Tax Collections inDowntown Denver
Restaurants Represent Almost Half ofDowntown’s Sales Tax Collections
TOP THREE MONTHS FOR RETAIL SALES
P R O D U C E D B Y T H E D O W N T O W N D E N V E R P A R T N E R S H I P | D O W N T O W N D E N V E R . C O M
Sources: City and County of Denver, Downtown Denver Partnership, CoStar, Nielsen Segmentation and Market Solution
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DOWNTOWN DENVER IS HAVING AREJUVENATION THAT WE WANT TOBE PART OF.
L A R R Y M E Y E RUniqlo USA
CEO
“
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MOBILITYMultimodal transportation options – including rail, bus, bike lanes, and shared transportation services – converge in
Downtown Denver to provide seamless and convenient access for commuters, residents, and visitors alike.
• Commuting habits for Downtown
Denver employees change with age.
Younger commuters travel shorter
distances and are more likely to
walk and bike to work. Transit use
increases with age and driving alone
peaks when commuters are in their
30s and 40s, especially for women.
• Males and females have different
commuting habits. Male commuters
are significantly more likely to bike
to work, more likely to walk to work,
and less likely to drive alone thanfemale commuters.
• In 2016, Denver’s Regional
Transportation District (RTD)
will double the miles of rail in
their system with the opening of
four new rail lines, including the
University of Colorado A Line which
provides quick and easy access
from Downtown Denver to Denver
International Airport.
Used transit40.6%Drove alone38.5%
Bicycled6.5%Walked
5.6%Carpooled5.2%
Teleworked2.2%Motorbiked1.1%Vanpooled0.2%
HOW DOWNTOWN DENVER EMPLOYEES COMMUTE TO WORKNearly 60% use transit, walk, bike, or share the ride to Downtown Denver
P R O D U C E D B Y T H E D O W N T O W N D E N V E R P A R T N E R S H I P | D O W N T O W N D E N V E R . C O M
Sources: Downtown Denver Partnership, RTD, City and County of Denver, B-Cyc
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RTD FREE SHUTTLESPEDAL CABS
BIKESHARE
BUS
CARSHARE bus rapid transit TRAVEL APPS
BIKE
RAIL
ON-DEMAND RIDESINCLUDING SERVICES SUCH AS
UBER, LYFT AND TAXIS
353 LICENSED PEDAL
CAB DRIVERS
RTD FREE MALLRIDE (14,000,000 ANNUAL
PASSENGERS) + RTD FREE METRORIDE
(586,500 ANNUAL PASSENGERS)
FLATIRON FLYER CONNECTS BOULDER
TO DOWNTOWN DENVER WITH
FREQUENT SERVICE
• TRANSIT
• GO DENVER
• MY WAY TO GO
18.7 MILES OF BIKE LANES AND TRAILS
+ 3 PROTECTED BIKE LANES
7 RTD RAIL LINES SERVING DOWNTOWN
DENVER + 37 MINUTES BY RAIL FROM
DOWNTOWN DENVER TO DIA
walkAVERAGE COMMUTER WALKS 9.7
BLOCKS EACH DAY
OPTIONS INCLUDE CAR2GO, ZIPCAR,
ENTERPRISE CARSHARE, EGO CARSHARE
+ 28 DEDICATED PARKING SPACES
58 RTD BUS ROUTES SERVING
DOWNTOWN DENVER
34 B-CYCLE STATIONS THROUGHOUT
DOWNTOWN DENVER
ELECTRIC18 CHARGING STATIONS
IN DOWNTOWN DENVER
B
PARKING42,000 OFF STREET
5,000 ON STREET
P
ECOPASS55,000 ELIGIBLE
EMPLOYEES AT 360
COMPANIES
BUSONLY
MOBILITY OPTIONS IN DOWNTOWN DENVER
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PUBLIC SPACE + ACTIVATIONThrough a series of intentional activation efforts, Downtown Denver inspires people to get up, get out,
and engage with the city on a daily basis.
• Downtown Denver is home to a variety of public spaces, from streets to plazas to parks. There are 172 acres of parks
and open spaces which serve as gathering places for the community.
• Meet in the Street, funded by the Downtown Denver Business Improvement District, transforms the 16th Street Mall
into an active pedestrian environment prime for biking, outdoor cafes, live music and more. In 2015, Meet in the Street
resulted 30% more pedestrian traffic on the Mall, 60% more people spending time in the space, and a 77% increase in
the share of adults to children.
• Downtown Denver takes on a new energy during Winter in the City which welcomed 56,172 skaters to the Southwest
Rink at Skyline Park for its sixth season, and hundreds of thousands of spectators for the 9NEWS Parade of Lights and
New Year’s Eve Fireworks.
WYNKOOP PLAZA IS A PREMIER PUBLICSPACE LITERALLY ON OUR FRONT STEPSAND A NATURAL AMENITY FOR OUREMPLOYEES.
R O B C O H E N
The IMA Financial Group, Inc.Chairman & CEO
“
P R O D U C E D B Y T H E D O W N T O W N D E N V E R P A R T N E R S H I P | D O W N T O W N D E N V E R . C O M
Sources: Downtown Denver Partnership, City and County of Denve
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CIVIC CENTER PARK
WYNKOOP PLAZA
SKYLINE PARK BLOCK 1
SKYLINE PARK BLOCK 2
SKYLINE PARK BLOCK 3
16TH STREET MALL
PARK ORPUBLIC SPACEDAYS ACTIVATED
IN 2015EVENT ATTENDANCE
IN 2015 (EST.)SAMPLE EVENTS
2015
153
18378
25068
17
PARTIAL YEARBID/DOWNTOWN DENVER PARTNERSHIP-PRODUCED
MILLIONS
2,482,000
221,270
98,137
2,324
3,110
+ 701 KIDS
+ 1,676 DOGS
Your Keys to t he C ity
Meet in the Street
Zombie Crawl
Taste of Colorado
Pride Fest
Civic Center Eats
Movies in Skyline Park
Denver Christkindl Market
Farmers’ Market
Doors Open Denver
Pop-up Dog Park
Kid’s Play Area
Southwest Rink at Skyline Park
Games at Skyline Park
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P R O D U C E D B Y T H E D O W N T O W N D E N V E R P A R T N E R S H I P | D O W N T O W N D E N V E R . C O M
TOURISM + ATTRACTIONS
• Denver tourism has been setting new records in
recent years with over 15 million people visiting the
city each year and spending a total of $4.6 billion
during their time in Denver.
• Downtown Denver is home to 32 hotels with a total
of 9,141 hotel rooms and 526,636 square feet of
meeting space.
• The Colorado Convention Center welcomed over
1 million attendees across 240 events in 2015.
• RevPAR (revenue per available room) for Downtown
Denver hotels is up almost 30% since 2011.
• Developers are taking notice of high occupancyrates and increasing RevPAR enjoyed by Downtown
Denver hotels. As of spring 2016, four hotels are
under construction and three are planned for
development.
• Downtown Denver is home to many of the most
popular Denver-area attractions for visitors and
residents.
• Award-winning museums in Downtown Denver
include the Denver Art Museum, Clyfford Still
Museum, Denver Museum of Contemporary Artand History Colorado Center.
• The Denver Performing Arts Complex is the
second-largest performing arts complex in the U.S.
with 10 performance spaces.
• 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 professionalsports 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 and lacrosse games at
Sports Authority Field at Mile High.
Major Conventions and Events in Downtown Denver, 2016
Denver Broncos WorldChampionship Parade andCelebration
Feb. ‘16 1,000,000
SnowSports Industries America Jan. ‘16 19,000
Ellucian April ‘16 10,000
Association for TalentDevelopment
May ‘16 10,000
NAFSA: Association of
International Education
May ‘16 10,000
Intl. Society for Technology inEducation
June ‘16 20,000
American PsychologicalAssociation
Aug. ‘16 13,000
American Dental Association Oct. ‘16 20,000
Offering premier hotels, award-winning restaurants and unique experiences, Downtown Denver has
become a world-class destination for regional and international tourists alike.
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C O N T I N U E D I N
V E S T M E N T S &
G R
O W T H
Colorado Convention Center Expansion
A new expansion, funded by a voter-supportedtourism tax extension, will include many new featuresthat will make the Center the most high-tech,user-friendly meeting and event space in the nation.
The project includes the addition of 80,000sf of flexiblemeeting and ballroom space and over 100,000sf ofnew pre-function and service space, including aspectacular 50,000sf outdoor terrace to be located onthe roof of the existing convention center.
The Next Stage: A Vision for the Future of the Denver Performing Arts Complex
Unveiled in March 2016, The Next Stage is a plan toenliven, diversify and sustain the 12-acre complexthat sits in the heart of Downtown Denver.
Major shifts in cultural consumption require physicaland programmatic modifications at the ArtsComplex. Differing expectations of a growingpopulation and changing development patternsnecessitate new ways of integrating the 12-acrecampus into everyday life.
The plan includes a new school of the arts,commercial development and expanded retail.
Denver International Airport (DEN)
New commuter rail connection between DowntownDenver and the airport began April 2016.
A 500-room Westin hotel opened in late 2015.
DEN set an all-time passenger traffic record in 2015with over 53.4 million travelers, making it the 19thbusiest airport in the world and the sixth busiest in theU.S. (by total passenger traffic).
Expanding Hotel Market in Downtown Denver
The following new hotels are under construction, withmany more projects planned for development:
Kimpton Hotel - 199 rooms Dairy Block Hotel – 170 rooms Hotel Indigo – 180 rooms AC Hotels/Le Méridien – 480 rooms
$110
$120
$130
$140
$150
$160
$170
$180
$190
$179.4
$105
2011 2012 2013 2014 2015
$110
$100
$115
$120
$125
$130
$135
$140
$145
$139.58
77.80%
55%
2 0 0 9
2 0 1 0
60%
65%
70%
75%
80%
2 0 1 1
2 0 1 2
2 0 1 3
2 0 1 4
2 0 1 5
2 0 0 9
2 0 1 0
2 0 1 1
2 0 1 2
2 0 1 3
2 0 1 4
2 0 1 5
Average Daily Room Rate
Revenue Per Available Room
Downtown Hotel Occupancy
Sources: VISIT DENVER, Downtown Denver Partnership, Rocky Mountain Lodging Report, City and County of Denver, Colorado Convention Center, Denver International Airport, Airports Council Int’l
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DOWNTOWN DENVER INC.BOARD OF DIRECTORS 2015-2016
Board OfficersRob Cohen, The IMA Financial Group, Inc., Chairman*
Travis Webb, BKD CPAs & Advisors, Vice Chairman*
Lori Davis, Grant Thornton, Secretary*
MembersJim Basey, Centennial Bank
Mike Bearup, KPMG LLP
Molly Broeren, Molly’s of Denver
Kristin Bronson, Lewis Roca Rothgerber Christie LLP
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.
David Eves, Public Service Company, an Xcel Company
Cole Finegan, Hogan Lovells US LLP
Bob Flynn, Crestone Partners, LLC
Mark Goodman, Colorado Nut Company
Jim Greiner
Tom Grimshaw, Spencer Fane & Grimshaw, LLP
Michael Hobbs, Guaranty Bank and Trust CompanyJim Holder, Cigna
Kathy Holmes, Holmes Consulting Group
Vernon Irvin, CenturyLink
Walter Isenberg, Sage Hospitality*
Bruce James, Brownstein Hyatt Farber Schreck LLP*
Catherine (Katy) Jones-Metelko, Wells Fargo
Steve Katich, J.E. Dunn Construction Co.
Kevin Kelley, Husch Blackwell LLP
David Kenney, The Kenney Group*
Dick Kirk, Richard A. Kirk & Associates
Gail Klapper, Colorado Forum
Kim Koehn, K2 Ventures, LLC
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 LLP
Will Nicholson, Rocky Mountain BankCard Systems, Inc.
Katherine Ott, SlimGenics, LLC
Susan Powers, Urban Ventures LLC*
Gary Reiff, Black Creek Group
Jon Robinson, UMB
Maja Rosenquist, Mortenson Construction
Kathy Seidel, The Northern Trust Company
Marc Spritzer
George Thorn, Mile High Development
Rick Tucker, Hensel Phelps
Tracy Winchester, Five Points Business District
David Wollard
Mike Zoellner, RedPeak Properties*
DOWNTOWN DENVER BUSINESS IMPROVEMENTDISTRICT BOARD OF DIRECTORS 2016Gina Guarascio, Jones Lang LaSalle, Chair
Jon Buerge, Urban Villages Inc., Vice Chair
Dorit Fischer, NAI Shames Makovsky, Treasurer
Connie O’Murray, Jones Lang LaSalle, Secretary
Austin Kane, Unico Properties LLC
David Kaufman, 910 Associates, Inc.
Rick Kron, Spencer Fane LLP, Legal Advisor
Bahman Shafa, Focus Property Group
GRAPHIC DESIGNDerek Berardi | www.derekberardi.co
PHOTOGRAPHYRyan Dravitz Photography
DENVER CIVIC VENTURESBOARD OF DIRECTORS 2015-2016
Board OfficersBill Mosher, Trammell Crow Company, Chairman*
Trinidad Rodriguez, D.A. Davidson & Co., Vice Chairman*
Sarah Rockwell, Kaplan Kirsch Rockwell LLP, Secretary*
MembersLaura Aldrete, Matrix Design Group
Bruce Alexander, Vectra Bank Colorado
John Beeble, Saunders Construction, Inc.
Ray Bellucci, TIAA
Ferd Belz, L.C. Fulenwider, Inc.
Brianna Borin, Snooze: an AM Eatery
Sarah Semple Brown, Semple Brown Design
Marvin Buckels
Frank Cannon, Continuum Partners, LLC
Gene Commander, Gene Commander, Inc.
Chris Crosby, The Nichols Partnership*
Greg Feasel, Colorado Rockies Baseball Club
Patty Fontneau, Cigna
Chris Frampton, East West Partners
Dr. Everette Freeman, Community College of Denver
Jerry Glick, Columbia Group LLLP
Dr. Art Gonzalez, Denver HealthTom Gougeon, Gates Family Foundation*
Beth Gruitch, Rioja
Ismael Guerrero, Denver Housing Authority*
Amy Hansen, Polsinelli
Jim Hearty, DaVita Healthcare Partners Inc.
Rus Heise
Doug Hock, Encana Corporation
Don Hunt, Antero Resources
Jennifer Johnson, HKS Architects
Jim Johnson, Johnson Nathan Strohe
Dr. Stephen Jordan, Metropolitan State University of Denver
Greg Leonard, Hyatt Regency Denver at the CO Convention Center
Adam Lerner, Museum of Contemporary Art Denver
Traci Lounsbury, Workforce ELEMENTS
Roland Lyon, Kaiser Foundation Health Plan of Colorado
Evan Makovsky, NAI Shames Makovsky*
Cindy Parsons, Comcast
Adam Sands, First Bank
Gloria Schoch, MillerCoors
Ken Schroeppel, Univ. of CO Denver – College of Arch. & Planning
Mark Sidell, Gart Properties
David Sternberg, Brookfield Office Properties
Mark Stiebeling, Grand Hyatt Denver
Frank Terrasi, PCL Construction
Jean Townsend, Coley Forrest, Inc.
David Tryba, Tryba Architects
Meg VanderLaan, MWH Global, Inc.*
Joe Vostrejs, City Street Investors*
Elbra Wedgeworth, Denver Health
Wendy Williams, Vector Property Services, LLC
CONTRIBUTORS AND EDITORS Emily Brett, Aylene McCallum, Sharon
Alton, Kate Barton, John Desmond, Ta
Door, Nicole Dorsey, Bonnie Gross, Jim
Kirchheimer, Beth Moyski, Brea Olson
Aneka Patel, Adam Perkins, Brian
Phetteplace and Kaylin Tscherpel.
INFORMATION SOURCES2007 Downtown Area Plan, Airports Co
International, Auraria Higher Educatio
Campus, B-Cycle, City and County of D
Colorado Comps, Colorado Convention
Center, Colorado Department of Labor
and Employment, Quarterly Census of
Employment and Wages, Colorado Stat
University, Community College of Denv
CoStar, Denver Business Journal, Denv
Infill, Denver International Airport, Den
Metro Apartment Vacancy and Rent Su
Denver Post, Development Research
Partners, Downtown Denver Partnersh
Emily Griffith Technical College, HeadlData, Metro Denver Economic Develop
Council, Metro State University of Denv
Nielsen Segmentation and Market Solu
Rocky Mountain Lodging Report, RTD,
BLS Current Employment Statistics, U
Census Bureau, University of Colorado
Denver, VISIT DENVER, walkscore.com
Photo Credit: VISIT DENVER and Evan Semón
* Downtown Denver Partnership Management Group
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GREAT CITIES ARE NOT STATIC,THEY CONSTANTLY CHANGEAND TAKE THE WORLD
ALONG WITH THEM.
E D W A R D G L A E S E R
“ “
AuthorTriumph of the City
Downtown Denver Partnership
511 16th Street, Suite 200
Denver, CO 80202Downtown Denver
@Downtown_Denver
Downtown Denver
Partnership, Inc.
Published in May 2016 by: