SPIRE OFFERS CLOSE OUT INCENTIVES
According to SPIRE’s recent promotion the building is 97% sold out. That means that one of the last new high rise residential development projects that Denver in process may be about to disappear, and the market is unclear on when the next new building will commence.
There are often two GREAT times to buy from a developer. When a building first launches there is often an incentive by the Developer to get a certain percentage of the building sold, often up to a 30% threshold. During these initial sales pricing can be very attractive. In the world of Real Estate Development, this is often due to the a goal of meeting certain benchmarks in relation to financing requirements. For example, it is not unusual that a bank or lenders asks Developers to prove their project will meet the market demand by attaining 30% of the units sold.
After that benchmark is met, the Developer is the captain of the ship (so to speak). That is why we often see such amazing pricing at the onset of a development project.
Another great opportunity to buy presents itself at the other end of the time frame. When a Developer gets to the point of having the building mostly sold out (let’s say 97% for a hypothetical) there is a strong incentive to get those final residences sold. For most often, a developer’s profits or greatest income comes from those last few units and all parties (Developer, construction, sales, financing) are motivated to keep the process moving so they can take on the next project. It doesn’t do anyone any good to leave the job 97% complete.
SPIRE is offering a very attractive incentive already, with their announcement that current buyers, through April 30th of 2014, can enjoy 12 months of HOA payments with the purchase. This is a HUGE incentive. From this point a buyer explores what offer the Developer may be interested in accepting to close out the building. That means it is a great opportunity to explore getting your dream home in SPIRE.
SPIRE offers some amazing Downtown Denver amenities. This 42 story glass tower in the heart of the Denver Theater district and steps from light rail and the 16th street shuttle offers it’s residents the following luxury amenities.
- Multiple outdoor pools
- Yoga Garden
- Two Spas / Hot Tubs
- The Zone Multimedia lounge
- Extensive Health Club
- Multiple lounge spaces
- Sports Center Room
- Business Center
- Skyclub Lounge on 42nd Floor (for top floor residents)
- The Box Office multimedia theatre
- Outdoor grilling area
- 10th floor private event lounge
- Dog park
- 24-hour courtesy desk
- Valet parking program
- Door-to-door delivery service from SPIRE restaurants
- Housekeeping services with managed access *
- Handyman services program *
- Fully furnished SPIRE guest suites *
- Modern security and access control systems
- Storage rooms and lockers
- Bike storage areas
- Car and bike wash area
- Ground-floor retail and dining
- Dramatic kinetic art wall
- Hertz On Demand® onsite carshare program *
- Dry cleaning and grocery delivery program *
The items with a * may have additional fees (after all, dry cleaning can’t be entirely free).
View available SPIRE inventory here and contact us today to take schedule a showing of this amazing building. But hurry, these are the last opportunities to buy a brand new SPIRE residence.
Location – Location – Location
SPIRE is in the heart of the thriving Denver Theater District downtown, just steps away for hundreds of Denver’s best restaurants, bistros, bars, and the Denver Performing Arts Center and Theaters. Enjoy shows, events, festivals and activities of the Denver Urban lifestyle from your front door. Sports Fans, dont’ forget that all of Denver’s great sporting arenas are walking or biking distance to enjoy a day or night rooting for our own Denver Broncos, Denver Nuggets, Colorado Rockies, or Colorado Avalanche.
The city of Denver is also developing their Ambassador Street project on 15th Street. SPIRE, The Four Seasons and all the Theater District neighbors are witnessing the creation of large outdoor seating spaces for restaurants, bike lanes, architectural design elements, and walkable place making. What an amazing place to live.
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