High Rise Condos For Sale In Denver Colorado
Denver, CO high rise condominiums are an economic way to enjoy the luxuries of life and maintain a living space in a convenient urban location. The condo is essentially a co-owned, multifamily property. The first such co-owned property came into existence in New York around 1881.
Since that time, the condo has trended up and down as changes in the housing market and demographics fueled and then extinguished interest. However, recent trends have brought back that interest. The flight to the suburbs has somewhat reversed itself. This is in large part due to higher gasoline costs and a desire to shorten the commute.
Also adding to the allure of high rise downtown living is the fact that many cities across the nation have re-designed and re-built urban areas to be more attractive to homeowners. The movement began in the early 1990's with cities allowing developers to acquire old warehouses and other unused commercial properties in downtown districts and then convert them into upscale condos.
With the improvements to downtown America, suburban dwellers began to return to the hub of activity. As more people flocked back to the urban scene, new housing was a must. High rise condos met the housing need in a dramatically cost-effective way; both for the developer and the homeowner. The convenience of living in proximity to your workplace, major sports facilities, convention centers and other typical downtown features is a compelling factor that has drawn millions back to urban life.