Observatory Park Neighborhood
2009 Observatory Real Estate Statistics:
Appreciation Rate for 2009 –16.31%
About Observatory Neighborhood:
Observatory Park, named after University of Denver’s Historic Chamberlin Observatory, is located off of Evans just blocks from The University of Denver. The area is a sub-neighborhood of the University Park neighborhood, and is bounded by Evan and Iliff Avenues and Milwaukee and Fillmore Streets.
Prior to the recent downturn in the economy, developers were scraping older homes in the area at a dizzying pace and building McMansions. The remaining homes that have not been scraped are owner occupied or rentals owned by speculative landholders.
The large lot sizes, wide streets, central location, easy access to DU, lightrail, and I-25 make this a good bet for future appreciation, and are among the many reasons that this neighborhood is so desirable.
Observatory Neighborhood Highlights:
- Ritchie Center – One of Colorado’s only two Olympic size pools, two ice-rinks, state of the art fitness center. Memberships are available to the greater community
- The Newman Center — hosts more than 400 performances each year, serving both the DU campus and community
- DU — emphasizes academic excellence, experiential learning, an active lifestyle
- Chamberlin Observatory — featuring its prized 1894 Alvan Clark-Saegmuller 20-inch refracting telescope.