The Baldwin Lofts 1617 California Street, 22 Lofts Located adjacent to the 16th Street Mall

History: The Baldwin Building started as a two story building Constructed in 1896 by Phillip Feldhauser who built the Colorado Building and the Oxford Hotel. It grew to five stories over the years as home to the Baldwin Piano Company. This Historic Building is Significant because it May be the Only Surviving, Fully Cast Iron Facade in Downtown Denver. Unlike Many Historic Buildings of this Period, The Baldwin Has Huge Floor-To-Ceiling Windows, Due to the cast Iron Façade that was the First Type of “Curtain Wall” Construction. I was the Original Listing Broker for St. Charles Town Company and on Site Sales for The Baldwin Lofts. If you have any questions about The Baldwin Lofts please Call me.

1435 Wazee

Located In the Old Karmen Western Wear Fabric Warehouse, West End Lofts is a three-story structure built in 1928. The top of the building was pooped adding 2 stories. One thing that West End Lofts has that can’t be found in any other Residential building in LoDo is a Bridge. A 2 story Penthouse Spans the Alley between Wazee and Wynkoop. The Bridge Links the West End Lofts to an even older Building on the Wynkoop Side

The Bridge Loft is One of the Most Unique Spaces in all of Downtown. There are 10 Windows This Loft is Filled with Natural Light, with Views on Both Sides, so you can see the Pepsi Center on one side and Coors Field on the other. This Very Private Loft in the Heart of LoDo Lives Like a Townhome. And the Wazee alley is… like an alley you would find in New Orleans. There’s a drive-up bank teller, a wine store, offices on the alley.

The 15 units at the Wynkoop were sold “over the bar” according to developer (Governor Elect & Denver Mayor) John Hickenlooper whose project was the second successfully funded loft conversion.  The buyers were induced with very low base purchase prices to sign the construction loan. The lofts are above the Wynkoop Bar & Brewery (Denver’s first Brew Pub) The Lofts are Located across from Denver’s Historic Union Station in the Heart of LoDo

The Edbrooke project was the first for sale loft project in Lower Downtown Denver (LoDo), Developed By Dana Crawford.  It is 44 lofts with adjacent two level parking.  The Loft project features include common roof deck as well as several lofts with private decks.  Heavy timbers, exposed brick and windows on four sides of the building make the Edbrooke one of the most desirable buildings in LoDo.

$300,000 – $2,000,000 price range

12 Month Evaluation – 58 sold properties in last 12 months.  58 divided by 12 months equals 4.83 properties sold per month.  There are currently 74 active comparable properties on the market.  74 divided by 4.83 equals 15 months of worth of inventory.  This means a strong buyers market.

An absorption Rate of 5-7 is considered a normal market. Less than 5 is a sellers market and more than 7 is a buyers market.

Normal Market – In a normal market there is a 5-7 month supply of homes. A normal market has a balanced level of inventory where the market is not leaning in either the seller’s or buyer’s favor.

Seller’s Market – In a seller’s market there is less than 5 months supply of homes. Since there are fewer homes to choose from, sellers are in control and buyers have to be willing to pay top dollar to get the home that they want. Multiple offers are often the norm in a seller’s market.

Buyer’s Market – In a buyer’s market there is more than 6 months supply of homes. Buyers are in control since there are so many homes from which to choose from. Sellers often have to give an incentive (pay for closing costs or pay for repairs) to buyer’s to buy their home.

Boundaries:  Larimer Street, Speer Boulevard, Wynkoop Street and 20th Street

Population:  2,180

Overview: Lower Downtown–or LoDo, as it is commonly referred to–is located in the area where Denver was founded in 1858 by General William Larimer. Redolent with history, this neighborhood of three and four story red brick buildings was built on the site of Denver’s first Gold Rush settlement. I have been working and playing in LoDo since 1992 when the only bars were The Cruise Room, The Wazee Supper Club and Billabongs. Coors Field was just a Field of Dreams, Now the Colorado Rockies are the 2007 National League Champions. What a transformation and what a Rocktober in Denver. Today, LoDo is a vibrant 25-block urban neighborhood and tourist destination.

Lower Downtown was a bustling commercial area during Denver’s early years. However, much of Denver’s industrial economy shifted away from Lower Downtown after World War II, and almost one-fifth of the buildings in the area were demolished in the 1960s and 1970s. In order to preserve Denver’s historic legacy, Denver City Council created the Lower Downtown Historic District in 1988. The historic district designation introduced zoning ordinances that limited building heights, preserved dozens of buildings from the wrecking ball, and instituted strict guidelines for building rehabilitation and new construction.

Today, LoDo is a  neighborhood with lots of entertainment options. Art galleries, dozens of restaurants, brewpubs, jazz clubs, and specialty retail stores line the ground floors of historic buildings. LoDo Loft residents enjoy proximity to outdoor parks, including the Cherry Creek bike path, the 16th Street Mall, The Pepsi Center, and the recently completed 30-acre Commons Park in the Central Platte Valley. Coors Field, home of the Colorado Rockies, anchors the neighborhood at 20th and Blake Street. Wynkoop Street is home to historic Denver Union Station, the Tattered Cover bookstore, and the Wynkoop Brewing Co., Denver’s first brewpub (and the country’s largest) that opened in 1988.

Most recently I lived in West End Lofts (In the Bridge Loft over the Alley) and walked my Labradoodle around the street’s of LoDo 4 times a day. So you could say that I do Know this Neighborhood every street and every alley.