Insights from Joe...
The challenge: find a balance between progress and responsible growth
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I enjoyed this guest commentary in The Post. I agree that it's time to wake up and get engaged in "saving" our city. While growth was welcome and productive in taking Denver from a "cow town" to a viable 21st century mid-major urban oasis, the ongoing building boom might be a little out of control. Traffic is choking our (once great) urban neighborhoods, and real estate speculation is driving those of average or below economic means, to the suburbs. And those who benefit from this phenomenon call this progress? Let's find a balance between progress and responsible growth.
Read the article: >> The Denver Post, 2/28/2015: It's time to take our city back, Denver |
Homeless day program to open in Ballpark Neighborhood
Kudos to Denver City Council for holding their ground against significant opposition to the creation of a homeless day program in the Ballpark Neighborhood. As you know, Carabello Properties is involved in supporting the homeless through recreational diversion through our Homeless Diamond project. We support the Council and our partners at the Denver Rescue Mission for taking action to provide a safe place for individuals to wait for shelter and support each day. Any step toward more assistance is a step in the right direction. Contact Carabello Properties to learn how to get more involved with Homeless Diamond this summer!
Read the article: >> The Denver Post, 4/28/2014: Denver council OKs $8.6M subsidy for homeless day program in Ballpark.
Read the article: >> The Denver Post, 4/28/2014: Denver council OKs $8.6M subsidy for homeless day program in Ballpark.
Want a read on future hot spots in Denver? Contact us!
In an excerpt from this CBRE sponsored report concerning Denver's retail market, a company spokesman poses the hypothetical question: 15 years ago, who would've known where LoHi was, if it was suggested as a future hot spot for expensive retail space? Answer: Carabello Properties!
Read the article>> Denver Business Journal, 4/16/2014: Denver's retail construction lags with available space dwindling.
Read the article>> Denver Business Journal, 4/16/2014: Denver's retail construction lags with available space dwindling.
A move toward affordable downtown housing is a good thing, but is it enough?
Kudos to Mayor Hancock and the Denver Economic Development office for engineering the affordable housing project announced this week for 18th & Chestnut, in the heart of Riverfront and Union Station (read the Denver Business Journal article here.) While this is encouraging, such "workforce" housing opportunities (108 units) are not much more than a token gesture to provide integrated housing in this burgeoning upscale neighborhood redevelopment, considering the thousands of market-rate units in place, under construction or currently planned.
On the southwest side of downtown, the Lincoln Park affordable housing opportunities are far more significant. Workforce housing, like senior housing, will become increasingly critical to the population explosion in and around downtown Denver, where analysts are predicting an 18% increase in the next five years.
Where will this housing stock be developed? Click here to contact Carabello Properties for further prospectus.
Read the article>>Denver Business Journal, 1/15/14: Affordable housing development planned for Denver Union Station area
On the southwest side of downtown, the Lincoln Park affordable housing opportunities are far more significant. Workforce housing, like senior housing, will become increasingly critical to the population explosion in and around downtown Denver, where analysts are predicting an 18% increase in the next five years.
Where will this housing stock be developed? Click here to contact Carabello Properties for further prospectus.
Read the article>>Denver Business Journal, 1/15/14: Affordable housing development planned for Denver Union Station area
Downtown Denver at a crossroads
While the Denver business community is celebrating the arrival of Millennials (#1 destination city), what does the city do about the displaced low income and homeless community downtown? Implications for neighboring communities are looming. How do we feel about "pushing them out" to Globeville/Elyria-Swansea? Maybe pushed toward Cole/Whittier, Clayton or Skyland? Or maybe southwest of downtown, in Barnum or Valverde?
Downtown Denver is at a crossroads it seems. What do you think?"
Read the article>> The Denver Post, 10/20/13: Downtown Denver is booming, but it's a tale of two cities.
Downtown Denver is at a crossroads it seems. What do you think?"
Read the article>> The Denver Post, 10/20/13: Downtown Denver is booming, but it's a tale of two cities.
Is the Five Points redevelopment plan ignoring the neighborhood's rich history?
Is this what the long-time residents of Five Points want? Single Family housing: $725,000. Townhomes: $525,000. Does this honor the cultural and tradition of Five Points? Feels like more of the 'G-word' . . . engulfing working class central Denver neighborhoods!
Read the article>> The Denver Post, 7/11/13: Clarkson Green seeks to transform housing in Five Points
Read the article>> The Denver Post, 7/11/13: Clarkson Green seeks to transform housing in Five Points
You're going the wrong way!
Property owners and investors should know the ramifications of Denver's consideration for changing sections of certain one-way streets to two-way streets. Please contact me to discuss the possible pros and cons of such changes.
Read the article >> The Denver Post, 7/7/13: Change in Denver commuter habits sparks talk of one-way switch
The future of I-70 in north Denver
Future I-70 realignment could have far-reaching impact on Denver's northeast-central industrial and residential real estate as well as the National Western Stock Show.
Read the Article >> The Denver Post, 6/30/13: the future of I-70 in north Denver
Homeless Diamond stages softball games for people living on the streets
Photo from The Westword
A group of homeless men mulled playing another inning of softball this morning at Sonny Lawson Park. One man gestured to his nonexistent watch. Another joked, "My accountant can wait." So the game went on, thanks to the Homeless Diamond program created and sponsored by local real estate broker Joe Cararbello, who organizes softball games on Tuesday mornings for Denver's homeless population.
Carabello, who plays senior league softball, thought of the idea during his daily commute.
"I work down here," he says. "I have roots down here. I grew up on Capitol Hill and I always ride my bike or drive my car down Park Avenue and see the ball field empty, and then see all the idle homeless standing around. It just inspired me to maybe give them a day a week to have some fun and just chill."
>> Read the entire article>> Westword, 6/14/11 Softball games for people living on the streets
Carabello, who plays senior league softball, thought of the idea during his daily commute.
"I work down here," he says. "I have roots down here. I grew up on Capitol Hill and I always ride my bike or drive my car down Park Avenue and see the ball field empty, and then see all the idle homeless standing around. It just inspired me to maybe give them a day a week to have some fun and just chill."
>> Read the entire article>> Westword, 6/14/11 Softball games for people living on the streets
Is affordable housing the next investment opportunity in Denver?
Record growth in the number of low-income Americans who now pay more than half their monthly income for rent — a 20 percent increase described in a federal report delivered last week to Congress — is mirrored in the daily realities of communities across Colorado.
It's evident in places like Jefferson County, where about 18,000 people live on incomes of $20,000 or less. According to federal guidelines, affordable rental housing at that income level is about $480 in monthly rent, and "there are no rental units in this county for that amount," said Linda Barringer, program director for housing and family services at The Family Tree in Wheat Ridge.
>> Read the entire article: The Denver Post, 2/14/11: Is affordable housing the next investment opportunity in Denver?
It's evident in places like Jefferson County, where about 18,000 people live on incomes of $20,000 or less. According to federal guidelines, affordable rental housing at that income level is about $480 in monthly rent, and "there are no rental units in this county for that amount," said Linda Barringer, program director for housing and family services at The Family Tree in Wheat Ridge.
>> Read the entire article: The Denver Post, 2/14/11: Is affordable housing the next investment opportunity in Denver?
Medical office market vibrant in Denver
Here’s some encouraging news for Denver’s medical practices: Even though other property types remain slow due to the economy, Denver’s healthcare real estate market is still growing. The region suffered through the recent recession, but still has a relatively strong economy, with annual household incomes averaging more than $60,000 – that’s 16% higher than the national average.
Also, the city’s recently approved $6.5 billion public transportation project will make it easier for the public to reach medical office and hospital locations. The project will connect downtown Denver with many suburbs and the Denver International Airport.
>> Read the entire article: Medical Office Today, Medical office market vibrant in Denver
Also, the city’s recently approved $6.5 billion public transportation project will make it easier for the public to reach medical office and hospital locations. The project will connect downtown Denver with many suburbs and the Denver International Airport.
>> Read the entire article: Medical Office Today, Medical office market vibrant in Denver
