Federal loan opens development door at Union Station
By Jude Sandvall: DreamHomes by Jude, 720-427-1021
(Brokers Guild Classic)
Federal loan opens development door at Union Station - The $304 million federal loan to fund the redevelopment of Denver's Union Station clears a major obstacle blocking new construction in the surrounding area, private developers said. But the loan, announced Friday, won't set off a land rush in what remains a difficult market for commercial-real-estate projects. The final confirmation of the loan was a pre-condition of IMA Financial Group locating its new headquarters, a $32 million, five-story building, just north of the station at 18th and Wynkoop streets.http://www.denverpost.com/businessheadlines/ci_14345339 How's the housing market in your neighborhood?
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