Second home owners are a much bigger sector of the downtown market that people think. There are a number of reasons why people purchase a downtown Denver condo or loft as a second home.. and both the Glass House and SPIRE are two of the most popular choices.
Here are a few scenarios for our typical second home downtown Denver condo clients. Feel free to let us know if this sounds like you.
The Mountain Resident
I know that most of our readers are probably thinking about how nice it would be to have a second home in the mountains. A common Denver dream is the balance of city and mountains with the family and friends ski condo at any of the many great ski resorts only a short drive away. Well the folks in the mountains have the exact same thoughts. Except for them the dream is of having a great downtown Denver condominium with a great location and amenities. In this dream the goal is to have a city retreat where instead of ski in ski out access they have a great place to stay when the come down the hill for sporting events, dinner, shopping, the theater, or simply the convenience of a good nights sleep before an early flight out of Denver International Airport.
The Super Commuter
These are the road warriors who may live in other cities but conduct a great deal of business in Denver. Perhaps their office headquarters are in Denver or their biggest client. Either way they spend so much time here in Denver that they have started to fall in love with it. So rather than the same drab hotels night after night they invest in their own downtown Denver home away from home (and most secretly have plans to make Denver their first home).
The Suburb Resident
This is another large category of Downtown Denver second home owners. These individuals love their home in the suburbs. Big lawns, lots of square footage, and perfect for all their needs... except for one. They miss the city life, the energy, and all the great things to do. Their Denver condo becomes a city playground escape just like the mountain resident. The only difference is that their commute is shorter.
Why are buildings like Glass House and SPIRE so popular. First it's the location. Both buildings offer great walking access to many great amenities of downtown Denver. A night out without driving might include tickets to the Broncos, Avalanche, Nuggets or Rockies. It might include any of the great shows playing in the Theater District. It might just be dinner with friends out at any of the hundreds of restaurants in Downtown Denver or a shopping spree for the holidays. Whatever the adventure is the key is location.
Second, both buildings offer great amenities. For that weekend retreat access to fitness facilities, pools, spas, media rooms, business centers and more allow for an almost resort like escape. But in this version you can do it every weekend.
Third, and one that is so valuable to many of our clients, is the ability to short or long term rent the second home. Because both Glass House and SPIRE offer location and amenities they are very successful in attracting renters for both long term and short term corporate rentals. This is a great financial option for peace of mind in case the owners either decide they want to save more for awhile or have a time where they won't be able to visit. Fortunately the desirability of both of these buildings means some of the best and highest rental rates in downtown Denver.
To learn more about residences in Glass House, SPIRE or any of the great downtown Denver condo and loft buildings please contact any of us at New Era Realty.