After much anticipation and after years of rumors, Texas-based Patrinely Group has announced plans to move forward with Block 162, a 32-story office tower. Block 162 will take shape in downtown Denver on the block of 15th Street, 16th Street, Welton and California. The project also includes plans for a hotel tower to be constructed on the block as well.
Block 162 is directly across the street from the 1,100-room Hyatt Regency Denver at Colorado Convention Center Hotel. The Colorado Convention Center is located one block to the southwest of Block 162. An RTD light rail station is located at the Colorado Convention Center as well as one adjacent to this property at 16th and California.
“We are very excited to have found a great site on light rail and adjacent to the 16th Street Mall to develop a contemporary, highly efficient office building, ” said Robert Fields, President & CEO of Patrinely Group.
The office tower is planned to feature 21 floors of leasable office space adding up to a total of 606,500 square feet. Three below-grade levels of parking and 13 above-grade levels will be incorporated into the building. The ratio of parking is two spaces for every 1,000 square feet of office space.
The 12th floor of the building will house a tenant only amenity level that will feature meeting rooms, a fitness center, and outdoor space.
Denver-based NAI Shames Makovsky owns the entire block and has been working on plans to develop the property since the firm began acquiring real estate on the block in 2005.
The architect that designed Block 162 is Gensler.
Denver Urban Review asked a spokesperson with the Patrinely Group if a ground breaking date and construction timeline had been set for this Denver project. The spokesperson said specifics on when construction would begin are not yet established. The Patrinely Group did not have additional details to share in regards to the hotel portion of the development at Block 162.
The Denver office of Cushman and Wakefield is managing the leasing of the office tower.
The Block 162 office tower will join other large downtown Denver high-rise office projects that are currently under construction. The 40-story 1144 Fifteenth Street project that is being developed by Hines at 15th Street and Arapahoe will feature 640,000 square-feet of office space and is slated to be completed in two years. The 22-story 1401 Lawrence developmnt is expected to reach its top floor in February and it will house 306,000 square-feet of office space.