LoDo also known as…
– Lower Downtown Denver from Boom to Bust to DESTINATION number one of Denver’s many success stories of re-inventing and revitalization.
The major recent changes really started in 1988 and have continued through today. New businesses continue to add a nice vibe to the eclectic mix of LoDo high-rise condos for sale, mid-rise and historic residences. There are even re-purposed warehouses that are now restaurants, bars, architecture, offices and flats.
Stepping back in time the area that is often referred to now as simply LoDo. The area was once home to the Arapaho Tribe of
Native Americans who were established along the South Platte River. That all changed with the European explorers who continue to push west and continue to establish the wild west. The year was 1858 and the discovery of gold in the river, lower downtown is the first city of Denver and just as today was a bustling city center where things could get rowdy and unruly at times.
However, by the time the mid-twentieth century the boom went to bust and what is now LoDo had fallen into despair and was commonly known as skid row.
The area had its share of ups and downs over the years. Until the early 1980’s when then Mayor Frederico Pena and city council put forth an aggressive Denver revitalization agenda. Pena felt the old warehouses could be re-purposed and offer lofts for sale in LoDo. The revitalization took off well into the late 80’s and beyond. Following the revitalization and a renewed energy and focus towards the preservation of the old buildings, the tide had turned as the Urban Plan for Lower Downtown worked to protect the historic buildings from demolition. However, property owners resisted the “Historic Designation” many saw this as an infringement on their rights as property owners. They were soon subject to strict re-design and re-development controls limiting what could be done with the buildings. The property owners felt this would diminish the values. Despite the heated battles, protests and opposition, the city council in 1988 passed the Lower Downtown Historic District Ordinance. The fears of the property owners proved to be the exact opposite and the revitalization continued to flourish, property values rose and the city-scape continued to improve. In 1995, Coors Field was built for the Colorado Rockies baseball team on the northeastern end of the neighborhood. Then in 1999, the Pepsi Center, home of the Denver Nuggets NBA basketball team opened on the west side of the neighborhood. Today LoDo is home to over 3,700 housing units. With many LoDo Townhouses for sale.
The historic designation provided investors two things that helped spur the development. First was the historic buildings were protected and there were no more being built, this helped limit the density and increased scarcity. The second catalyst the protection provided was certainty. Investors were assured the unique charm and overall feel would be preserved. These two elements proved to be instrumental in the contend growth and investments. That spirit of progress yet preservation continues it’s delicate balance. Offering some historic homes for sale in LoDo. You’ll also find townhomes for sale in LoDo.
There are currently 48 homes for sale and you can search all 48 by clicking on this text. Beautiful condos and many historic re-purposed buildings are now urban LoDo flats for sale and are some of the more sought after dwellings in the area. You can view all of the listings currently available for sale. The prices range from 339,500 for a nice one bedroom condo of 731 est sq ft all the way to the exquisite masterpiece located in Riverfront Park, boasting 21 ft ceilings, 4 bedrooms, 4 bathrooms, 4,753 est sq ft currently listed for 3,995.00. If you seek the ultimate in urban living with everything you could need just steps from your door and transit options abound to get you around town. LoDo just might the neighborhood for you to call home.
If you or someone you know are looking to purchase a home in Denver Metro or you just have questions regarding real estate or your home’s current value, please call me direct at 720-688-5110.