Colorado voters approved a sales tax to benefit metro Denver residents by enabling a public transportation system
to be built. Known as FasTracks, a combination of light rail, commuter rail and bus will come together over the next decade. The plan will add 119 more miles of train track in all directions connecting the suburbs with downtown Denver.
Presently there are two southern lines of light rail in service. One goes down Santa Fe and the other goes to the southeast on I-25 and 225.
Currently there are significant TOD’s at many of the stations. TOD’s or transit oriented developments are gaining in popularity. Every major home builder has a project within 1/2 mile of the light rail stations.
Trends toward either moving to the city or living in a TOD, also known as a GoBurb neighborhood have been gaining in popularity. Homeowners want convenience and are finding TOD living to be not only convenient, but a preferred lifestyle choice.
TOD’s are planned communities with shops, restaurants and basic amenities all located within a reasonable walking distance of home.
With the high cost of fuel many homeowners are considering parking the car, paring down to a single family vehicle or going without a car completely.
A good example of Denver’s first TOD would be found at the Englewood City Center. Once the site of the first indoor mall, Cinderella City, now completely demolished in favor of a vibrant brand new multi-use community. Lofts, condos and apartment now share the area with restaurants, shops and retail space. In the summer time the farmer’s market vendors set up shop and welcome the residents to purchase their fresh goods.
The south-east line is experiencing residential growth at both Belleview and Dry Creek. The Belleview station has two high rises under construction, surrounded by brand new retail and restaurants.
On the east side of the Dry Creek Station, low rise lofts and apartments line the golf course. Here the TOD blends a beautiful neighborhood of high density, walkable neighborhood in a country club setting!
9 Mile Station is the eastern leg of the south east line. Along this stretch is another condo/loft project at Dayton. Brand new and affordable homes can be purchased only 10 stops from downtown Denver.
Construction along the existing lines continues to evolve.
If you are interested in learning more about Denver’s transit oriented developments, please call me.