The buzz: NorthCreek Courtyard an ‘urban oasis’

denverpost.com

There is a buzz in Cherry Creek North, where world-class restaurants, galleries and shopping are all contained within 16 city blocks. Some are calling it a “LoDo for adults,” and others liken the setting to “Denver’s version of Rodeo Drive.” Whatever the case, Cherry Creek North is a great place to live, work and play, especially for those who can also enjoy the urban oasis at the ultra-exclusive NorthCreek Residences.

Homeowners at the NorthCreek have all of the great things Cherry Creek North has to offer outside their front door. And after a day of shopping, eating and strolling through the neighborhood, residents here can escape the energy of the area, and return home to a serene and quiet setting complete with of their own private courtyard. The NorthCreek Courtyard provides an amenity that few residential developments in the heart of a city can offer. It is an urban escape with elaborate gardens, all tucked behind private gated entries. Maintained by the landscaping firm Designs by Sundown, which won the Excellence in Landscaping, Use of Color Grand award from the Associated Landscape Contractors of Colorado for their work on the NorthCreek Courtyard, the courtyard provides residents and their guests with a sense of arrival and the best kind of “welcome home.”

The courtyard gardens are a palette of flowers, plants, shrubs, trees and grasses that combine brilliant colors, fragrances, and movements to inspire one’s senses. Described by Adam Hallauer of Designs by Sundown, the NorthCreek Courtyard is a “tranquil place where the residents can escape and enjoy a peaceful setting.” In the springtime, the courtyard blooms with annuals and bulbs offering up brilliant colors and sweet smells. Large shade trees keep the courtyard cool and inviting, so that NorthCreek residents can pleasantly enjoy some of the more exceptional flowers and plants.

As fall and winter set in, the courtyard’s gardens transform into a place of warmth, with rich colors and textures provided by the perennial plants and trees.

The entire NorthCreek Courtyard complement the condominium, Courtyard Flats and Brownstone residences at NorthCreek perfectly, playing off the Colorado native sandstone that was used to build a majority of the exclusive development. With craftsmanship, architecture, and design elements that set the highest standards, and reflect the best in terms of quality of life, the selection of homes at NorthCreek is becoming more and more limited due to the popularity of the exclusive development. Prices for the remaining inventory range from $1.395 million to $3 million.

For more information regarding the NorthCreek Residences and Courtyard, contact Kentwood brokers Christy Owen (303-906-9574) or Dawn Raymond (303-777-7177).

For more information regarding Cherry Creek North, visit CherryCreekNorth.com. For more information regarding Designs by Sundown, visit DesignsBySundown.com.

Home Prices: Now for the Good News

by Brad Reagan and Elizabeth O’Brien, SmartMoney.com

Denver’s overall outlook is sunnier than for most western cities because neither inventory nor prices spiraled out of control during the boom. Dinged by a telecom bust earlier in the decade that cost the city 5 percent of its jobs, the local economy wasn’t primed for irrational exuberance. Now with six months’ worth of homes in inventory — the level most experts judge to be roughly in balance — the city offers considerable upside.

In particular, upscale buyers are flocking to Cherry Creek, the tiny neighborhood that’s home to Neiman Marcus and Cherry Creek Arts Festival, one of the country’s top urban arts fairs. Here, prices leaped 16 percent in the past year, according to Integrated Asset Services, an firm specializing in mortgage investments. The area’s popularity illustrates a common theme in U.S. housing:  established, close-in neighborhoods are often holding up better than suburbs, because they didn’t endure overbuilding and because higher-income owners were less likely to need subprime or adjustable-rate mortgages.

Cherry Creek’s success also highlights the strength of the envy factor. In a recent survey of luxury homeowners, 17 percent said they’ve considered moving to get into a certain address or zip code — a reminder that the lure of prestige or good schools moves homes even in a shaky economy. Cherry Creek’s 80206 zip code may be Denver’s ritziest  — as seen in the new development NorthCreek, which features a mix of million-dollar tower condos and brownstones along with a private garden courtyard, à la New York’s Gramercy Park.