Well we have certainly been busy with SPIRE this year as many of our clients are their current homeowners.. and it seems we were on to something.

This article in Inside Real Estate News talks about just how hot the SPIRE property has been not only in Denver, but across the entire United States.  In today's real estate market this kind of popularity means they are on to something... the right product, the right price, and from the looks of it the most attractive high rise building in the Downtown Denver Marketplace.  Here is an excerpt from the article..

The Spire has survived “more ups and downs than Rocky Balboa,” Chris Crosby commented during a two-hour tour of the 41-story condominium tower just before Christmas. And like the storybook boxer, the Spire is not down for the count, but it is the reigning condo champion as far as closings, not only in Denver, but possibly in the nation.
The Spire changed Denver's skyline as this photograph shows.

“The Spire is a downtown Denver success story,” said Brian Phetteplace, Manager of Retail and Residential Development for the Downtown Denver Partnership.

8 months of closings

From last April 19 – the day its lenders allowed it to start closing contracts – until the end of last year, 201 units have closed at the Spire, representing more than $60 million in sales. The sale price per square foot ranged from the high $200s to about $500. In addition, all 10,000 square feet of the ground-floor retail space has been leased in the LEED-certified building at 14th and Champa streets.

That is 328 percent more than all of the new home closings that took place during the time period at four of other condo buildings in Denver – One Lincoln, Pinnacle, Wynkoop Residences and Four Seasons – according to a study by Mark Co. Research. Closings at the Spire also have dwarfed the resale condo closings in One Lincoln, Glass House and Pinnacle during that period, according to the analysis.

“There’s a lot of ways to slice-and-dice real estate sales, but whether you look at the last six months or all of 2010, we were getting north of 75 percent of the local market, depending on how you measure it,” said Crosby, of Nichols Partnership, the developer of the 493-unit building.

North of 75 percent of the market is quite a statement.  It means that SPIRE is worth checking out if you are looking for a Downtown Denver condo or loft.  All of us at New Era Realty are well versed in SPIRE and have been working with buyers since the first pre-sales.  So yes, we do have our own knowledge of the best of everything SPIRE... the best floor plans, the best views, and which residences are the best value.

Contact any of us at New Era Realty today to take a tour of SPIRE or to discuss which SPIRE (or any other downtown Denver loft) might be the best match for your real estate and downtown lifestyle goals.

Congrats to the SPIRE team... and thank you to all our SPIRE homeowners who should love this bit of news.