Kendall attributes these changes to the number of new apartments that came onto the market in Douglas County during the last quarter of 2000. But based on the first-quarter figures, it appears that the new apartments are being absorbed quickly. He also said the overall decrease in vacancies shows that the apartment market is still healthy. I believe it shows the strength of the apartment market over others. If you look at the commercial sublease space coming on line in the southeast market, for example, it's a huge number.
Apartments are attractive because once they're built, the turnover costs are low.
Kendall said he's watching the downtown market closely, because a large number of apartments are under construction there now and will go on the market at about the same time. The AIA annually chooses the 10 best examples of architecture that exemplify sustainable design practices. Designers also focused on energy efficiency, so the electrical consumption is 30 percent below the energy code requirements for Colorado. The Young Americans Education Foundation broke ground on its new headquarters building at First Avenue and Monroe Street in Cherry Creek. The headquarters will be home to Young Americans Bank, Young AmeriTowne, International Town and other youth economic programs.