Archive for March, 2010

At Belmar, it’s the new-urban atmosphere that is drawing buyers

Artist Pat Pendleton painted alluring Southwestern canvases down in Taos, N.M….until three years ago when on a lark, she visited Belmar, the new-urban community in Lakewood. This was a place where she could paint, have her own gallery, shop and dine, and live very comfortably. “It had a sense of vitality,” she says now. “I told myself, ‘this could work.’”
ContinuumKentwood City Properties Kevin Garrett shows a 2-bedroom penthouse overlooking Belmar.

Today you can tour a spring open house with cupcakes and lemonade at Plaza Residences, the luxury flats where Pendleton bought…steps from Belmar’s outdoor cafes, restaurants, coffee places and 16-screen theater…and from Belmar’s ‘gallery row’ where she shows her work. Kevin Garrett and his team have sold four of these in the past two months.
Pat Pendleton
Pat Pendleton at True Colors Studio & Gallery in Belmar.
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Builder says lofts ‘are a steal’ in new-urban neighborhood near Light Rail

Two years ago, new-urban developer Peter Kudla walked away with Denver’s highest “Community of the Year Award” for his imaginative Vallagio neighborhood beside Inverness Golf Club and a Light Rail station. Now, with a handful of lofts and luxury row homes left, he’s giving Vallagio’s final buyers something back, starting with a little advice.

VallagioMetropolitan’s Julia Sherman (left) and Melodie McCuaig look out over the new-urban design of Vallagio from a loft.

“These final homes are a steal,” he says. “People need to know the window is closing; you’ll never be able to build at this price.” more »

Denver’s pricey Hilltop neighborhood showing reduced inventory

If you looked at luxury inventory in Denver’s Hilltop neighborhood a year ago, you would have seen no less than 47 homes priced $1 million to $2 million. But that picture has drastically changed…only 14 homes on the market in that range now; including one that originally came on at $2.4 million…now $1.85 million.
Dawn RaymondDevonshire agent Dawn Raymond shows a recent custom home in Hilltop. Much of the neighborhood’s luxury inventory has been absorbed.

“It’s remarkable; there was SO much inventory,” Coldwell Banker Devonshire agent Dawn Raymond, who is listing the home at 301 S. Cherry. “Now it’s like we’re the only game in town.” more »

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