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Denver Downtown
Lower Downtown (LoDo)

Lower Downtown--or LoDo, as it is commonly referred to--is located in the area where Denver was founded in 1858 by General William Larimer. Today, LoDo is a vibrant 25-block urban neighborhood comprised of brick warehouses, industrial buildings and commercial structures that have been renovated into offices, lofts and retail space.

Lower Downtown was a bustling commercial area during Denver's early years. However, much of Denver's industrial economy shifted away from Lower Downtown after World War II, and almost one-fifth of the buildings in the area were demolished in the 1960s and 1970s. In order to preserve Denver's historic legacy, Denver City Council created the Lower Downtown Historic District in 1988. The historic district designation introduced zoning ordinances that limited building heights, preserved dozens of buildings from the wrecking ball, and instituted strict guidelines for building rehabilitation and new construction. Tax incentives and grants attracted investors to LoDo's brick and stone structures. More than 20 buildings in LoDo have been renovated since 1991.

Today, LoDo is a mixed-use neighborhood that is also a regional destination attraction for entertainment. Art galleries, literally dozens of restaurants, brewpubs, jazz clubs, and specialty retail stores line the ground floors of historic buildings. LoDo residents enjoy proximity to outdoor parks and amenities, including the Cherry Creek bike path, the 16th Street Mall, and the recently completed 30-acre Commons Park in the Central Platte Valley. Coors Field, home of the Colorado Rockies, anchors the neighborhood's northwest corner at 20th and Blake Street. Wynkoop Street is home to historic Denver Union Station, the Tattered Cover bookstore, and the Wynkoop Brewing Co., Denver's first brewpub (and the country's largest) that opened in 1988.

LoDo housing options range from million dollar lofts to below-market rate apartments. New construction-housing projects are beginning to appear as the number of vacant buildings in Lower Downtown available for renovation shrinks to nearly zero.

The most notable construction projects in Lower Downtown at this time are three new office buildings that were recently built on the former sites of surface parking lots. One of these developments--16 Market Square--has condominiums on the top floors of the building.

FACTS:

General boundaries: Larimer Street, Speer Boulevard, Wewatta Street, 20th Street

Population: 2,180

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2004 HotSpot Real Estate, Inc. Denver, CO. E-mail: info@hotspotrealestate.com
8088 S. Trenton Ct, Centennial, CO 80112 ~ Phone 720.488.4810 ~ Fax 303.736.4271

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