A developer friend estimated that there will be an influx of 20,000 people in Denver next year alone. 20,000! Though that number may have some give or take, we do know the city is growing at rates that can hardly be met by the housing market. With this fast growth, comes development and change. And areas that may not have been ideal in the past, are now quickly transitioning into highly coveted and hip neighborhoods. Buying in these areas now may mean big turnouts in the near future. Here are some of my favorite "ones to watch":
1) RiNo (River North):
This hip and artsy neighborhood is defined by the borders of I-70, I-25, Park Avenue West, and Lawrence Street. A primarily industrial neighborhood in the past, now bustles with art studios, breweries/ distilleries, hip restaurants, and shops. With its proximity to downtown and its access to the light rail, this area is the new place to be.
2) Whittier/ Cole:
These two great old neighborhoods Northwest of City Park have seen a huge rejuvenation with the transition of Five Points and the extension of the East Line light rail. While Whittier is known for historic Victorian houses, Cole is still a little more affordable being slightly further away from downtown. A great area for fix n' flips too.
3) West Colfax:
Around town the locals are talking about the West Colfax neighborhood. With the new West Line light rail passing through this neighborhood, young professionals are starting to notice this area. Adjacent to Sloan's Lake, it is a perfect spot for Denver's active population. And with condos, restaurants, and stores going into the old St. Anthony's Hospital space, this neighborhood has a bright future.
4) Sunnyside:
With its proximity to the Highlands and downtown, it is just a matter of time before this area explodes. Bordered by I-70 on the North, 38th on the South, Federal Avenue on the West and I-25 on the East, this neighborhood is still fairly affordable. With the Berkeley neighborhood and Tennyson Street to the West and the Highlands to the south, it sits in a pocket of resurgence, complete with hip restaurants and hopping bars.
5) Jefferson Park:
One of my favorite neighborhoods in Denver, this area boasts great views of downtown, walking distance to Sloan's Lake, and stumbling distance from Sports Authority Field. Walking around the Jefferson Park neighborhood you will find many residential properties and store fronts undergoing construction. New funky coffee shops and restaurants are starting to pop up as well. Prices have already started to rise in this area and with the changes in the neighborhood, and they aren't likely to slow down any time soon.
If you are interested in learning more about these Denver neighborhoods, please contact me at jenna.hamel@gmail.com.
Jenna Hamel
Dwell Denver Real Estate
www.dwell-denver.com
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