There are a number of redevelopment and infrastructure projects sprouting up in Denver that will connect Union Station to DIA. Called the Corridor of Opportunity, the nearly 23-mile stretch has thousands acres of commercial investment opportunities, and how those acres are developed will also affect the residential real estate market in those areas.
The Globeville, Elyria, and Swansea neighborhoods are located in North Denver and historically were home to large industry, like smelting and meat packing. Today, a strong industrial presence remains, as does an established community. All three neighborhoods have home ownership rates that are higher than the Denver average. Over the next couple years, the neighborhoods anticipate four new rail stations, Interstate 70 improvements, and the redevelopment of the National Western Stock Show – a land area of some 95 acres.
While the area enjoys a strong sense of community and civic pride, declining infrastructure and a lack of connectivity have caused homebuyers and developers to overlook these neighborhoods. As the development continues, the following principles are intended to guide the planning process.
- A Strong Community – parks and open space, housing, jobs, and services
- A Connected Neighborhood – transit, automobile, bike and pedestrian networks
- A Healthy Neighborhood – air, odor, noise and ground pollution and healthy eating active living
- A Unique Neighborhood - history, culture, and urban design
Connection to the City
Previously home to industrial businesses and warehouses, River North (RiNo) has been a bit of an eyesore for a number of years. However, the area has already begun to morph into a trendy, industrial space with the TAXI district and The Source, comprising creative office and residential space, restaurants, bars, and other small businesses. Along with the future Regional Transportation District (RTD) 38th & Blake commuter rail station, other changes are on the horizon—two new pedestrian bridges.
The 35th/36th Pedestrian Bridge, planned to be completed in 2016, will span over the railroad tracks to connect Blake Street and Wazee Street between 35th and 36th Streets connecting the River North, Curtis Park and Cole neighborhoods and the future commuter rail station. The RiNo Pedestrian Bridge will join the west side of the South Platte River to the east side of the South Platte River in River North.
The redevelopment efforts also include plans to spruce up Brighton Boulevard, which has long acted as a back door to downtown Denver. The plan envisions typical street crossings, including travel and turn lanes, curbs and medians and aims to highlight its eclectic mix of old and new uses and building forms, turning Brighton Boulevard into a main corridor to the city.
New RTD Stations
Public transportation is essential to creating and connecting neighborhoods. These north Denver neighborhoods will be home to several light rail stations via the East, North and Gold Rail Lines. The rail lines will connect these areas to other parts of the city and transport Denver residents and tourists to and from Union Station and DIA. There are three lines—East Rail Line, North Metro Rail Line, and Gold Rail Line.
The East Rail line is a 22.8-mile electric commuter rail transit line that will run between Union Station and DIA. Globeville will have one of six stations at 38th and Blake St. The North Metro Rail Line is an 18.5-mile long commuter rail line that will run from Union Station through Commerce City, Thornton, and Northglenn to Highway 7 in North Adams County. Its first stop will be at the National Western Stock Show and go north from there. The Gold Rail Line is an 11.2-mile electric commuter rail with seven stations that connect downtown Denver to Wheat Ridge, passing through northwest Denver, Adams County, and Arvada.
It's an exciting time to live along the Front Range with so many projects and new developments afoot. That's why it's more important than ever to have an experienced, locally-focused real estate agent to help you through the home-buying process. If you want to buy or sell a home in Colorado, contact us to learn more about how we can help.