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Colorado Enterprise Fund to participate in CO Impact Days

Colorado Enterprise Fund is among the 100 social ventures seeking “impact investments” that was chosen to meet with investors at CO Impact Days Social Venture Showcase Nov. 17.

The 100 ventures will convene at the Ellie Caulkins Opera House for the second year of the “shark-tank for good” statewide marketplace for impact investing. The selected social ventures will showcase their investment opportunities to offer not only a financial return on the impact investor’s investment but also to offer solutions to some of the most pressing issues of our time.”

“We are so thrilled to again invite more than 200 investors and philanthropists to interact with these valuable social ventures,” says Dr. Stephanie Gripne, founder of the Impact Finance Center and creator of the CO Impact Days. “When these two groups of powerful movers and shakers share a room, there is no telling the good that will come. We’ve aimed to offer a diverse array of impact investments, with a goal that every investor will leave knowing that deal flow is not a Colorado impact investing problem.”

The goal of CO Impact Days is to catalyze $100 million in impact investments into Colorado social ventures in the next three years, and it is kicking off with CO Impact Days Nov. 15-17. The initiative is possible because Colorado is home to a number of national leaders in impact investing and a thriving and collaborative community of social venture entrepreneurs in both the for-profit and nonprofit sectors, as well as philanthropists and investors who are committed to growing Colorado’s economy and creating good jobs.

“Funding from these impact investors will enable us to serve more Colorado businesses, which in turn will ultimately advance economic opportunity and prosperity in our Colorado communities,” says Ceyl Prinster, president and CEO of Colorado Enterprise Fund.
 

Broker's buyer bonus: Helping to send a child to school in Uganda

Denver real estate broker Tenzin Gyaltsen is helping put Ugandan children through school one home sale at a time through a partnership with the S.O.U.L Foundation.

One child will be put through school for every home sale that’s over $300,000. It costs about $1,600 to put a child through all seven years of primary school.

“That gives them all of their school books and one meal per day,” said Gyaltsen, a broker associate with Coldwell Banker Residential Brokerage in Colorado. “It’s an added bonus to the house. It almost personifies it in a way.”

Gyaltsen, who formerly owned an eco-friendly clothing company, met representatives from S.O.U.L (Supporting Opportunities for Ugandans to Learn) at an event and fell in love with the organization. He had a desire to do something philanthropic, so he sponsored Rita Naigaga, the first of many students.

When he turned his attention to real estate he decided to expand his efforts by sponsoring a child with proceeds from every house he lists for more than $300,000.

Gyaltsen works with investors to buy houses, fix them up and resell them. When he has an upcoming listing he contacts S.O.U.L to pledge to sponsor a student, The organization then sends a child’s photo and bio, which will be framed and displayed in the house. If the new owners wish, the address of the newly sold home stays with the sponsorship, and all the letters and updates from the student are mailed to the house.

“Lack of education is one of the biggest problems in the world,” Gyaltsen said. “In this part of the world, most children don’t get an education. It’s important to equip children with knowledge so they can go out and better the world and their communities.”

Business loan program for veterans created

The Colorado Enterprise Fund has created a program for Colorado veterans and Gold Star family members who are interested in starting or growing a small business in the state.

Veteran Access Loan Opportunity Resource (VALOR) will provide discounted loan rates and extended terms for military veterans who are unable to secure financing through traditional banks.

Any honorable discharged U.S. military veteran or Gold Star family member who is a Colorado resident is eligible to apply for a VALOR loan of up to $500,000. Recipients will receive a 2 percent discount from standard Colorado Enterprise Fund rates and an origination fee of 1.5 percent. The loan term would be for up to 10 years with an interest-only period of up to six months.

The loans can be used for working capital, equipment, inventory, property improvements, business purchases and commercial real estate.

For more information, contact Senior Loan Office Mike Jensen, a U.S. Army veteran, at (720) 473-4068 or at mike@coloradoenterprisefund.org.

Founded in 1976, the Colorado Enterprise Fund is a non-profit lending institution that specializes in loans for small businesses and startups statewide that are unable to secure traditional bank financing. To date, the organization has has made more than 2,000 loans totaling $63 million to small businesses.

Conde Naste names the ART hotel No. 1

Conde Nast Traveler has recognized The ART, a hotel as the No.1 Top Hotel in Colorado.

Located in the heart of Denver’s museum district, the 165-room hotel showcases an expertly curated in-house art collection with more than 50 pieces of contemporary work, the FIRE restaurant and rooftop terraces. The ART also offers artistic programming to match the hotel’s aesthetic, including the ART Run, where guests can receive a curated map offering an urban public run through Denver’s prominent public art pieces, as well as the ART Ride, which allows guests to use complementary customer-designed bikes painted by local student artists to explore downtown Denver.

“We are thrilled to receive this respected travel award alongside other notable hotels in our state,” says General Manager Aaron Coburn. “We thank our loyal guests for choosing our hotel as their home base in Denver and our passionate staff for making every guest experience so memorable.”

More than 300,000 Conde Nast readers submitted millions of ratings and tens of thousands of comments, voting on a record number of 7,320 hotels and resorts, 610 cities, 225 islands, 468 cruise ships, 158 airlines and 195 airports.

The Conde Nast Traveler Readers’ Choice Awards are the longest-running and most prestigious recognition of excellence in the travel industry and are commonly known as “the best of the best of travel.”

The real numbers: Center city neighborhoods add housing, but is it affordable?

Denver is on track to meet a goal set in 2007 to add 18,000 housing units in the city center by 2027.

The center city has seen an increase of 10,000 residential units since 2010, and another nearly 9,000 are under construction, according to the Downtown Denver Partnership’s Center City Housing report.

Even so, the units added have not been enough to keep housing costs affordable for some residents and workers.

“The Downtown Denver Partnership has advanced a variety of solutions to stem the impact of rising housing costs, ad we are focused on addressing the need for diversity in housing type and affordability to meet the needs for downtown’s workforce,” says Tami Door, president and CEO of the partnership. “While our residential and employee populations are growing at unprecedented rates, we must ensure companies can continue to attract and retain the employees they need to be successful, and affordable housing is a key part of the equation.”

The partnership has led several strategic housing initiatives, including advocating for construction defects reform, working with developers to add a variety of unit types and endorsing the creation of the first affordable housing fund in the City and County of Denver. The partnership also played a key role in moving the LIVE Denver program forward.

Other insights from the report include:
  • Denver’s center city neighborhoods are home to 79,367 residents and 130,227 employees
  • Since 2010, the center city has added 15,877 new residents and 33,065 new jobs
  • Denver is the fourth fastest growing city in the United States, and the demand to live in the center city is high, with the residential population tripling since 2000
  • Capitol Hill is the most populous center city neighborhood with a population of 17,142 residents
  • The Central Platte Valley neighborhood adjacent to Denver Union Station experienced the highest percentage of population growth since 2010
  • The Central Platte Valley neighborhood also added the most new units since 2010, totaling 5,669 units completed or under construction, more than 3,800 more units than the next busiest neighborhood for development, River North.

The Record Company to headline holiday concert benefitting public schools

The Grammy Award-nominated Los Angeles band The Record Company is headlining the fourth annual Sing It To Me Santa concert Dec. 9 at the Ogden Theatre.

The concert will benefit music education in Denver Public Schools through the newly formed nonprofit organization Take Note Colorado.

“I am honored and proud to announce that Sing It To Me Santa will become a signature event under Take Note Colorado,” says Karen Radman, executive director of Take Note Colorado. “And, that net proceeds from Sing It To Me Santa 2017 will benefit music education in Denver Public Schools.”

The Record Company is a Los Angeles-based rock trio whose 2016 debut album was nominated for a Grammy in the category of Best Contemporary Blues Album.

Tickets for the show are available at www.axs.com. General admission tickets are $25-30, and VIP tickets are $250. Doors open at 7 p.m., and the show starts at 8 p.m. For information on sponsorships for the show, contact Karen Radman at karen@takenotecolorado.org.

Denver-based vintage rock/funk/blues powerhouse Tracksuit Wedding will open the show, performing original new tracs from its just-released second album “Now or Never” — and some holiday favorites to celebrate the season. 

Take Note Colorado, chaired by Gov. John Hickenlooper and Isaac Slade of The Fray, is a new statewide initiative with a goal to provide access to musical instruments and instruction to all of Colorado’s K-12 students. Sing It To Me Santa is a benefit concert created in 2014 by Libby Anschutz.

City and County Building gets new composition for chimes

A new composition has been installed in the 10-bell chime of the Denver City and County Building. 

“Ascent,” by artist Kevin Padworski, will be played on significant and special days for the City of Denver.

“The goal of the composition was to capture the essence of the people the music aimed to represent — the people of Denver,” Padworski says. “With a quickly growing population, full of diversity and a multitude of backgrounds, I sought to create the music that would evoke this catalytic energy. The task of composing for bells combined with a limitted set of pitches was a unique and exciting challenge and privilege.”

Padworski visited the building multiple times to play and hear the bell tower. He planted himself “on location” downtown so he was surrounded by people he could draw the music from. The composition features ascending musical lines that represent the city — its growth, the people, the topography of the state and hope in its future.

“Bells have such an iconic and timeless sound, and it is my hope that this new music can be heard in a new way to serve and inspire the people of this city,” Padworski said. 

DAM work to begin in November

After five years of planning, design work and fundraising, the Denver Art Museum is preparing for the North Building renovation work on Nov. 20. 

The landmark building will be open to visitors through Sunday Nov. 19 and then will close to the public to remove collections and prepare the space for construction. Starting Monday, Nov. 20, the Hamilton Building, south of 13th Avenue, will be open to the public seven days a week to provide additional opportunities for visitor access during the renovation project.

The museum will host two free talks with the North Building project’s architecture team from Denver-based Fentress Architects and Boston-based Machado Silvetti. Curtis Fentress and Jorge Silvetti will share project design concepts and discuss the inspirations behind them at two presentations at 3 p.m. and 5:30 p.m. Oct. 6 in the DAM’s Ponti Hall. Free tickets will be available to the public beginning Aug. 22. 

Enhancements to the Gio Ponti-designed North building will enable the museum to better serve the community by putting education at the heart of the museum campus, presenting new and expanded art gallery spaces, improving all major systems throughout the 210,000-square-foot building and creating a central point of entry with a new Welcome Center. The project is expected to be completed by the building’s 50th anniversary at the end of 2021.

The DAM has been raising funds privately for the last five years, receiving generous support from many early donors. The museum also is participating in the City of Denver’s General Obligation Fund process to help fund compliance with the Americans with Disabilities Act, as well as life safety, mechanical, electrical, plumbing and outdoor-safety upgrades. The bond would help complete the DAM’s fundraising efforts by providing $35.5 million toward critical upgrades and enhancements within the North Project — about a quarter of the funds required to complete the estimated $150 million renovation. If the bond is approved, the DAM would match every public dollar with approximately three private dollars.

 

Study will evaluate minority- and women-owned business program

The Denver Office of Economic Development (OED) is launching a disparity study to guide future implementation of minority- and women-owned business programs in Denver. 

The study will measure whether minority- and women-owned contractors are being underutilized in city business, thereby providing a basis for the continuation of Denver’s Minority- and Women-Owned Business Enterprise program and related federal programs.

OED has retained BBC Research & Consulting to conduct the study to help evaluate the effectiveness of the local MWBE program and two federal programs: The Disadvantaged Business Enterprise (DBE) program and the Airport Concessions Disadvantaged Business Enterprise program. The study will examine the city’s procurement services and products, the subcontracting participation of contractors/service providers who do business with the city and anecdotal evidence collected from a cross-section of the local business community.

“With significant public investment projects on the horizon, and by staying true to our Denver values, this city will show how economic prosperity can bring everyone along,” says Denver Mayor Michael Hancock. “We’re looking forward to taking a thorough, objective look at our inclusivity programs in order to bolster our approach and further level the playing field for Denver’s minority contracting community.”

To help inform the study, a series of public hearings will be held this fall: 
 
  • Oct. 3, 11:30 a.m.-1:15 p.m., Eisenhower Recreation Center, 4300 E. Dartmouth Ave.
  • Oct. 5, 5:30-7:30 p.m., Denver Botanic Gardens, 1007 York St.
  • Oct. 11, 5:30-7:30 p.m., Denver Police Station-District One, 1311 W. 46th Ave.
  • Oct. 13, 9-11 a.m., Denver International Airport (tentative)

Comments and information can also be submitted to denverdisparitystudy@bbcresearch.com. For more information visit denvergove.org/dsbo.
 

Zen Compound to open in old City Hall event space

One of San Francisco’s hottest concepts is coming to Denver. 

This fall, San Francisco artist-DJ-entrepreneur Paul Hemming will open his second Zen Compound, a groundbreaking facility that combines four distinct but related concepts into a single space: ECO-SYSTM, a co-working space for creative professionals, startups and freelancers; Mirus, a gallery championing new movements in contemporary art; Hive, a unique coffee and cocktail bar and restaurant; and Temple Nightclub, an innovative club known for its programming, production feats and legendary hospitality. 

“We see Denver as a sister city to San Francisco in many ways,” Hemming says. “The Mile High City is a major metropolitan hub and has an eclectic confluence of technology, music, art, entertainment and nightlife. It’s an exploding market with refined tastes, an entrepreneurial spirit and drive. Denver has a highly affluent market with appreciation for creativity and attention to detail.”

Located in the old City Hall Event Venue at 1136 N. Broadway, the 20,000-square-foot, three-story Zen Compound will open in stages, with Temple Nightclub as the first concept to go live this fall. All three remaining concepts are expected to be up and running by 2018.

The compound will bring 100 new jobs to Denver, including 80 in the nightclub.

Economic development in Denver strong in 2016

2016 was a good year for economic development in Denver.

There were 579 affordable housing units created throughout Denver, and two mixed-income condominium developments at separate transit-oriented development sites, according to the Denver Office of Economic Development’s (OED) annual report on job creation and capital investment.

OED also supported catalytic development in Arapahoe Square, which has been a priority for the city, by providing gap financing for the Rocky Mountain Public Broadcasting Network’s new headquarters and innovation center. 

The city’s various incentive, tax credit, loan and training assistance programs helped 85 companies expand in Denver, collectively creating 2,968 new jobs and making more than $111 million in capital investments.

“During this dynamic period of growth for Denver, we have maintained a laser focus on propelling the powerful momentum of our economy forward, supporting diverse commercial sectors, good jobs, strong neighborhoods and a fertile climate for entrepreneurship,” says Mayor Michael Hancock. 

Other highlights of the annual report include: 
 
  • Completion of a comprehensive economic analysis to support the creation of an agribusiness innovation area surrounding the National Western Center redevelopment.
  • Support of 36 separate neighborhood development projects designed to enhance neighborhood vitality.
  • Increased access to contracting opportunities by growing the city’s business certification programs, with a total of 1,278 small and minority/women-owned firms earning more than $105 million from the city’s construction, professional services and purchasing opportunities.
  • Serving more than 30,000 people with job search assistance through Denver Workforce Services.

How to get a deal at Denver's best coffee shops

If you’re a coffee junkie, the Fika Coffee Passport is your ticket to learning all about Denver’s vibrant coffee scene.

The $20 passport features 28 craft shops and roasters featuring two-for-one coffee specials per venue between April 1 and July 31. Some of the participating venues include Allegro Coffee Roasters, The Denver Bicycle Cafe, Huckleberry Roasters, Pablo’s Coffee and Pigtrain Coffee.

Why is it called Fika? Because a fika is a custom in Swedish culture that celebrates a break from work for a bit of play. The Passport Program folks liked the idea of getting out of the office to meet a friend for a chat over a cup of coffee.

The locations in the booklet were selected for both atmosphere and quality coffee and each offers a one-of-a-kind experience. You can share your coffee with a friend or enjoy both yourself. Each location has crafted a speciality beverage that best represents their shop or practices. You can also substitute any craft coffee drink for a drip coffee.

For every book sold, $1 will be donated to Colorado Public Radio.

City of Cranes: A whopping 42 projects either planned or under construction downtown

Forty-two projects with an investment value of $2.8 billion are either under construction or planned in downtown Denver, according to the 2017 State of Downtown Denver Report recently released by the Downtown Denver Partnership. 

The projects will add more than 1,000 hotel rooms, 5,000 residences and 2.5 million square feet of office space. 

“Great cities do not happen by accident,” says Tami Door, president and CEO of the Downtown Denver Partnership. “Our thriving center city is a result of a strategic vision to build one of the most economically powerful center cities in the country, and the metrics outlined in the 2017 State of Downtown Denver signal great success. Our residential population is expanding at unprecedented rates, $2.8 billion is being invested through development projects, we’ve added 6,000 jobs and 23 new companies have relocated to or opened a new office in the center city to grow their business in the last 24 months.”

Downtown Denver’s workforce of 130,227 people has grown at a rate of 17 percent since 2010, outpacing the national rate of 11 percent. Employment is led by new and growing private-sector businesses, where employment is up 21 percent.

Nearly 80,000 people are choosing to live in downtown Denver and its center city neighborhoods. Population in the downtown core has tripled since 2000, and more than 66 percent of downtown residents have a bachelor’s degree or higher.Downtown’s residential renaissance and its growing employee base is encouraging new retail development. Retail sales tax collection is anchored by restaurants, which make up 44 percent of the revenue. 

There is a diverse array of educational opportunities, from traditional universities to coding schools that is helping to build the workforce of the future and ensure downtown businesses have access to top talent. About 58,000 students are being educated in the center city at a variety of educational institutions.

Arts & Venues partners with Meow Wolf on art space effort

Denver Arts & Venues is teaming up with Santa Fe's Meow Wolf to help with the compliance and safety needs of the city's Do-It-Yourself and alternative spaces.

Arts & Venues will contribute $20,000 toward funding the program organized by Meow Wolf, which previously announced plans to distribute $100,000 in annual funding to support safer DIY music and arts venues across the country. Arts & Venue's money will support infrastructural improvements, rent assistance, materials, equipment and other needs identified by Denver applicants. The fund also supports additional resources for legal, zoning and building code consulting services.

"Meow Wolf was an ideal partner for addressing short-term needs while we continue to explore more long-terms opportunities to support safe, creative spaces," says Kent Rice, executive director of Arts & Venuses. "As an artist collective, Meow Wolf has emerged as a leader in the region, working closely with Denver-based artists and reacting quickly to the acute space challenges of artists nationwide with the development of its funding program."

Meow Wolf is collecting applications for Denver-based funding until March 31. 

In addition to Arts & Venues' efforts, Denver Community Planning and Development and the Denver Fire Department have taken steps to support the needs of the arts community. For those seeking to turn an existing warehouse or commercial space into a live/work space, CPD launched a guide that outlines basic steps for establishing a safe and legal live/work space in an existing building. The fire department is offering free inspections for tenants and landlords, who can apply through March 31.

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

Legacy breaks ground on Golden Triangle apartments

Legacy Partners has broken ground on TriVista on Speer, a seven-story 322-unit apartment project near Denver's Golden Triangle.

The project, located on Speer between 13th and 14th avenues, will have one-, two- and three-bedroom units. It's expected to be completed by early 2019.

"The close proximity to Denver's Golden Triangle and downtown amenities make TriVista on Speer ideal for a luxury apartment development," says Spencer Stuart, senior managing director of Legacy Partners, which is partnering with USAA Real Estate Company on the project. "The community is being planned to be amenity rich and to accommodate a healthy work/life balance for residents that work directly from home, in the community's shared office space or elsewhere in the Denver area."

Designed by the Denver office of architecture firm KTGY, the units will feature stone countertops, stainless steel appliances and gas stoves. A business center will provide onsite office space. The project also includes an outdoor pool and lounge; roof and sun decks with mountain views; a two-level fitness center with spin room and yoga studio; demonstration kitchen and wine cellar with individual lockers; dog spa; bicycle repair shop; and storage area for bike and ski equipment.

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.
91 Golden Triangle Articles | Page: | Show All
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