If downtown Denver building owners convert empty offices to residential, will residents move in? ...Middle East

Four years in the making, the 10-story Art Studios in downtown Denver began leasing 192 studio apartments last fall. Converting the former Art Institute of Colorado building was a challenge, taking longer and costing more than anticipated due to pandemic disruptions and inflation. But in the end, it was less expensive than demolishing the mid-century structure and starting from scratch.  In six months, about 30% of the apartments are rented. That’s less than where developers at Nichols Partnership had hoped to be at by now. But leasing is picking up now that it’s spring, said Melissa Rummel, Nichols’ vice president of development. The family-owned developer has a history of saving old co

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