Denver Colorado – Denver’s Union Train Station is reportedly ready for another 100 years! Originally constructed in 1880, Unions Station served 8 different rail lines. Union Station, today is an electric social gathering place and major transportation hub which is still serving the people of an entire region. Millions and millions of people have traveled on these tracks. Today the area is alive an continues to thrive thanks to a $54 million dollar transformation into a hotel, shops, new restaurants and bars. The new development has opened up one of the nation’s hottest real estate markets.
To the station’s east is the Lower Downtown historic district, now enjoys some of the lowest commercial vacancy rates and highest office rents in the city. To the west is the Central Platte Valley, now scene of nearly $1 billion in residential and commercial development and a new $500 million regional transit center. It’s come a long way since the 1980’s . Before the project Denver had a one-horse economy — the oil and gas industry — and when the world price of oil plunged to less than $10 a barrel in 1986, the city went with it. The unemployment rate reached 7.4 percent in 1986 — nearly a percentage point above the national average.
Now Denver, with its urban amenities and outdoor lifestyle, has become a magnet for the millennial generation — people born between the early 1980s and early 2000s. Meanwhile, downtown real estate has become increasingly valuable. In April, the IMA Financial Plaza, one of the two new office complexes flanking Union Station, sold for $65 million — a record $600 per square foot — to GLL Properties, a subsidiary of a German real estate group.
So whether you’ll just be passing through town or you plan on staying, Sit back, relax and take in the view inside one of Denver’s most iconic historic landmarks, Denver Union Station. Located in the heart of downtown Denver, the newly renovated Beaux-Arts train station, built in 1881, is the new home to ten chef-owned restaurants and bars, boutique shops and a 112-room Crawford hotel.