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

2017 State of Downtown Denver Report

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.
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