Special Features

Cheaper than renting? 'Absolutely,' says David Weekley at Midtown, 10 minutes from downtown Denver, Highlands

By Mark Samuelson

David Weekley s Michelle Wood (left), Allison Glover and Ashley Hargrove show off their model, across from Midtown s newly completed retail center and community garden.
A year ago it took a little imagination to see what was coming to Midtown, the new-urban master planned community where David Weekley Homes has sold 80 new single-family homes, ten minutes from Highlands, LoDo, and downtown. Today and tomorrow you can not only tour David Weekley's fast selling models, but see some attractions that were only on the drawing board before: a 12,000-square-foot retail space, amphitheater/pavilion, and a community garden that's already brimming with produce planted by Midtown residents.

"This is not Highlands Ranch," says David Weekley's Michelle Wood, who'll join Allison Glover and Ashley Hargrove in showing you a new home neighborhood that has much better access to downtown attractions than typical suburban areas. More diverse, too, she says; and definitely less expensive.

So much so, adds Glover, that many of David Weekley's sales are going to newlyweds, about-to-be-marrieds and other buyers that were renting before - who have been effectively priced out of the market by rising prices around downtown Denver. Those buyers like the low-maintenance yard size, as do many of the older 'downsizing' buyers that have been purchasing at Midtown from David Weekley.

"We see people who were paying preposterous amounts to rent downtown," Glover says. Their purchase choices are limited to smaller, older homes, or condos and townhomes that have high HOA fees; as opposed to single-family homes they're seeing here - more space, a 2-car garage, a basement (more than 50% of David Weekley buyers are choosing to order even more finished space in the basement up front), and new features and energy performance. The monthly metro district fee, for community upkeep, trash and snow removal, is only $65 a month.

Meanwhile, this is ten minutes from Highlands, ten minutes from downtown. "Many of our residents are going to the same places to hang out; while it cuts their commuting time into downtown," notes Glover. More than a few have one spouse headed for work downtown via I-76 just south, and a second headed up U.S. 36, just north, to Boulder. All of them, she says, like the quick getaway to the mountains from this site.

You can also see some homes headed for early completion, three in September - one a 'Bisque' 3-bedroom, 2-1/2 bath plan, 1,511 square feet plus basement at $350,000; also a 'Magenta' with main-floor master, $390,360. Each comes with a 3-year energy performance guarantee by Environments for Living, front landscape with irrigation and rear fence, and a security system that includes a year of monitoring. If you're a Realtor, you can take a 4% co-op on the full price of any home that closes by Sept. 30. David Weekley has refreshments out today; open Labor Day, too. To reach from downtown, take I-25 north to I-76, then west a mile to Pecos, and north to W. 67th.

WHERE: David Weekley Homes at Midtown, master-planned community 10 min. from downtown; 2-to-4-bed single-family homes with full basement, 2-car attached garage; amenities; 2 homes for early move-in; 4% co-op on any sale that closes by Sept. 30; RTD Gold Rail opens 2016; refreshments today. Pecos St. at W. 68th, Denver; from U.S. 36 Tnpk take Pecos south ¾-mi. to W. 68th; or from I-25 take I-76 west 1 mi., exit Pecos, north to 68th

PRICE: From $322,990, early move-in from $350s

PHONE: 720-838-2206

WEB: DavidWeekleyHomes.com

Mark Samuelson writes on real estate and business; you can email him atmark@samuelsonassoc.com. You can see all of Mark Samuelson's columns online atDenverPostHomes.com

  • 16th Street Mall visitor numbers up, but it’s still “like standing in a moving stream”

    The number of people on the 16th Street Mall on a run-of-the-mill Sunday increased nearly 27 percent this summer, but most visitors still weren’t sticking around to hang out.
    Baseline pedestrian counts for Sundays — typically the sleepiest day of the week for the 1¼-mile corridor — jumped to 1,795 people this summer, up from 1,419 people a year earlier, Denver Community Planning and Development executive director Brad Buchanan said during a presentation Thursday at a Downtown Denver Partnership forum.
    The average number of people “lingering” and not just moving through, however, stayed flat at 49  for Sundays when there were no Meet in the Street activation events planned, he said.
    “It’s like standing in a moving stream,” Buchanan said.  “The lack of increase tells us that we need to create better ways, other ways, new ways of creating invitations for people to be there, and we know we need more pedestrian space.”
    City and downtown officials have been studying the 16th Street Mall and ways to increase its “linger” factor since 2014, bringing in San Francisco-based consultant Gehl Studio as part of a $650,000 initiative to improve the mall experience.
    Related ArticlesSeptember 9, 2016

    Read more

  • Colorado’s share of millennials living with parents beats the national average

    Like millions of Americans in less-than-ideal living arrangements, Rebecca Treon has tried to focus on the positive aspects of moving back in with her mother for the first time since she was a teenager.
    “You start to see the advantages around the six-month mark, after that ugly readjustment phase is over,” said 40-year-old Treon, who for the past year and a half has lived with her mother in the Littleton house where she was raised.
    “I love the bonds my kids have with their grandma. And when my daughter gets out of school at 3:15 and my son at 3:30, she can pick one of them up while I get the other. Same with ballet and lacrosse — which are always at the same time in different places.”
    Despite the fact that Colorado and other states saw an increase in income and a decrease in poverty rates between 2014 and 2015, more young adults are living with their parents than at any time in the past 130 years, according to recent national studies.
    Related ArticlesSeptember 21, 2016

    Read more

  • Taxi developers break ground on project’s next phase

    Rendering courtesy of Zeppelin DevelopmentA new 140,000-square-foot office building under construction in the Taxi mixed-use development will house Denver-based Boa Technology.
    The Taxi mixed-use development off Brighton Boulevard is adding a 140,000-square-foot office building to house a single tenant.
    Boa Technology, a Denver-based maker of purpose-built closure and adjustment systems used in shoes, athletic gear and other applications, has called the Taxi campus home since 2012, growing from 55 to 143 employees during its time in one of Taxi’s multiple-tenant office buildings.
    Designed by Dynia Architects, Boa’s new building at 3575 Ringsby Court will feature one of the city’s largest private green roofs, a two-story atrium, outdoor meeting spaces, solar array and 100-bike storage facility.
    Related ArticlesMay 23, 2016

    Read more

  • Runaway home prices ebb in western U.S. — including Denver — as weary buyers push back

    The red-hot growth in home prices across the West is starting to slow in some cities as sticker shock and low inventory put off weary buyers.
    Denver, Los Angeles and Austin, Texas, have seen gains in real estate values moderate after years of double-digit increases, according to Zillow. A slowdown in the tech epicenter of San Francisco is becoming even more pronounced, with the median home value in August rising less than 1 percent from a year earlier.
    The five-year surge in real estate demand across the West is starting to take its toll in some areas as buyers become more reluctant to purchase a home that would eat up a large chunk of their monthly earnings. With job growth still robust, house hunters are pushing outward from core cities to get more for their money.
    “Homebuyers are starting to see a bit of price fatigue and are starting to step back and think twice about making that purchase,” said Svenja Gudell, chief economist at Seattle-based Zillow. “Prices have grown so much over the last few years as part of the recovery that many markets are well beyond their initial 2006 or 2007 peak, so homes are now more expensive than they’ve ever been.”
    Related ArticlesSeptember 27, 2016

    Read more