Developing at Rail Stops

By
Real Estate Agent with Alexandria Brokers Realty Broker License 20502505

"Why Some Cities Think Developing At Rail Stops Is a Mighty Good Road" by Thaddeus Herrick, Wall Street Journal

Englewood, Colo. -- A DECADE AGO, the fortunes of this lower-middle- class Denver suburb were inextricably linked to Cinderella City, a mall virtually devoid of retailers, and to the automobile.

Today, where the 1960s mall and its parking lots once sat, Englewood has latched onto a new hope: 55 acres of apartments, stores and offices anchored by a stop on a light-rail line that links Englewood to downtown Denver. The $155 million development features 438 apartments, 350,000 square feet of retail space, including a Wal-Mart, and the town's library and city hall. "Our community has a new core," says Gary Sears, Englewood city manager.

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Rainer
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Steve Hewson
KW Commercial Real Estate, LLC - Denver - Denver, CO
Denver Metro Comnulll Real Estate

Craig,

Thanks for forwarding this article.  As light rail continues to expand in the Denver metro area and beyond over the next 10 years it will rapdily change the face of the city.  We now have $400+ condos being built next to the light rail up the central corridor.  Some owners insist on being right up next to the light rail and facing it so they can be close to the new action.  It will be an interesting time to see the change.

Dec 06, 2006 11:46 PM #1
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Rainer
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Craig Mische

Lakefront Real Estate in Alexandria
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