For many hip baby boomers, downsizing in retirement doesn’t mean what it meant for their parents and grandparents. Many boomers are gravitating to River North Art District’s condos, lofts and townhouses that are just steps away from galleries, shops, restaurants, breweries and wineries. People pronounce RiNo as “rhino.” The district’s official insignia is a rhino design. According to an article by CBS Denver, baby boomers helped the Denver real estate market rebound from the housing decline. Moving to a townhouse or condo in downtown Denver is the perfect lifestyle change for empty-nesters. Many want to give up the high-maintenance of homeownership while still living in a beautiful space with all the upgrades and spectacular views they want. In other words, they aren’t sacrificing style or sparing expense as the older generation often did to prepare for life on a fixed income.
Owning instead of renting
Although there is a lot of rental homes and condos available in the Denver area, real estate experts point out that many baby boomers have been longtime home owners. Many retirees and pre-retirees see the wisdom in investing in a RiNo townhouse or condo because of the increasing values. RiNo was once a heavy industry and warehouse district, which makes it more of a “transitional neighborhood,” ideal for investors. Of course, now it’s already established as an upscale artistic community.
Playing hard while retired
Many baby boomers worked long hours, often being called a workaholic generation. In retirement, many baby boomers plan to stay active. A lot of retirees enjoy being able to walk from their townhouses to the art galleries, breweries and shops.
Having the option to buy new
Located just north of Downtown Denver, RiNo is home to a lot of new construction. For retirees who don’t want to fix up a vintage home or deal with renovation and remodeling hassles, there are a lot of options. For example, Larimer Row Townhomes are in the River North Art District on Upper Larimer. Some of the townhouses feature roof top decks, while others include hardwood floors, upgraded appliances and quartz countertops.
RiNo has retained much of its industrial character. It’s located along the Platte River Bike Path, which appeals to the active boomers. Also, many foodies appreciate The Source, 3350 Brighton Blvd., with a farm-to-table restaurant with bakery and craft brewery.
At Peter Hauben Real Estate, we can provide you with more details about the RiNo properties for sale. Our goal is to match our clients with the townhouses, condos, lofts or homes that will make them feel like they’ve achieved their dreams.