Granite Properties announced it has partnered with Confluent Holdings to develop a 300,000-square foot office property in Greenwood Village. The development, known as Village Center DTC, is located at the Village Center area of Greenwood Village. This 10-story building will rise near the intersection of Interstate 25 and Arapahoe Road. The land for this development was purchased from Koelbel and Company.
“We’re fortunate to have great partners in Confluent, whose relationships and significant development experience helped make this opportunity possible,” said Stephanie Lawrence, Granite Managing Director. “We share the same values as the Koelbel family and the desire to enrich our community. There is a significant need in Greenwood Village for high quality office space, and we’re looking forward to working with this strong team to deliver the first new multi-tenant office building in the area in over seven years.”
Slated to break ground this summer, Village Center DTC will offer Class AA office space. This development will be within walking distance of the Village Center RTD light rail stop. Once RTD’s East Line opens in 2016, this light rail station will provide rail access to Denver International Airport.
The 203-room Westin Greenwood village hotel project is also expected to break ground this summer adjacent to this office project.
A privately held commercial real estate company, Granite has developed over 8.9 million square feet of commercial real estate with a primary emphasis on office properties. Village Center DTC will add to Granite’s existing portfolio in Southeast Suburban Denver, including Plaza Tower One also located within the vibrant Village Center area.
“Aligning Koelbel’s unique infill, light-rail oriented site with Granite’s significant financial strength and commitment to the Southeast market is truly an exciting combination for new development in Denver,” said Marshall Burton, Managing Partner of Confluent.
The office building is designed by Blake Mourer and Brad van Arsdale of Open Studio Architecture, and GE Johnson will be the project’s general contractor. Koelbel and Company will act as a consultant on the project, and Robert Whittelsey and Katy Sheehy of Colliers International will be the project’s leasing agents. Village Center DTC will feature an on-site deli and fitness center. This project is seeking LEED certification