Project Announcements
Platte Fifteen to be complete in 2019
January 3, 2018 at 8:08 pm 0

Holliday Fenoglio Fowler, L.P. (HFF) announces construction financing for Platte Fifteen, a 152,000-square-foot spec office and retail development in Denver, Colorado.

The HFF team worked on behalf of the borrower, Lionstone Investments, a data-analytics driven real estate investment firm, and Crescent Real Estate LLC to secure the four-year construction loan through PCCP, LLC.

Due for completion in August 2019, Platte Fifteen will feature 136,000 square feet of office, 16,000 square feet of ground floor retail, a 38-stall surface level parking garage and a 198-stall subterranean parking garage.  The five-story, Class A property will have typical floor plates ranging from 32,000 to 35,000 square feet and will offer tenants a rooftop deck with views of downtown and the Front Range.  Platte 15 is located at 2373 15th Street on the corner of Platte and 15th just minutes from downtown’s Union Station, Central Platte Valley, LoDo, the Pepsi Center, Coors Field and Interstate 25, Denver’s main north-south arterial.

The HFF debt placement team representing the borrower included managing director Colby Mueck, senior director Jim Curtin and director Leon McBroom.

Rendering courtesy HFF.

Platte 15 Denver

Construction Updates
Union Station Update
November 8, 2017 at 1:51 am 2
I had the opportunity to get out this past weekend when the weather was warm and capture some construction photos of the projects taking shape in Denver's Union Station neighborhood. Specially, I focused on snapping some photos of The Grand (1709 Chestnut), The Coloradan,  1999 Chestnut, and 16 Chestnut. To begin let's take a look at the progress of 16 Chestnut, a 250 foot-tall office building. The 19-story building will include 420,000 square feet of space. Davita, a healthcare organization that specializes in kidney treatments has been announced as the anchor tenant. Davita will lease 265,000 square feet of space. Gensler is the Architecture firm that designed 16 Chestnut. Davita Denver Davita Denver Denver Union Station Downtown Denver Next is a look at The Grand which is taking shape at 1709 Chestnut. The Grand is comprised of a 24-story building and a 12-story building. By my count, the 24-story portion of the development is currently at 23 floors, so one more floor to go before it tops off. Between these two structures 500 apartment units and 20,000 square feet of ground-floor retail space will be created. The residences will be offered in one and two bedroom options. Structured parking is incorporated into 1709 Chestnut totaling 500 spaces. Shorenstein is the developer of this project. Denver-based Shears Adkins Rockmore is the architecture firm that designed this development. Denver architecture Denver Union Station Denver pedestrian bridge The Grand is the tower on the left in the below photo and 16 Chestnut is the tower on the right. This vantage point of Denver's Union Station neighborhood has changed dramatically in recent years. Denver construction Next is a look at the progress of the Coloradan,  a 342-unit condo project adjacent to Denver's Union Station. This will become the first for-sale residential project in the Union Station neighborhood. The one-acre site where The Coloradan is under construction is 1750 Wewatta Street. Denver Union Station Denver Union Station The Coloradan Here are a couple photos of the hotel project taking shape at 1999 Chestnut. This project will become a 12-story Hilton Garden Inn. A Firehouse that was constructed in 1883 still remains on the site and is being incorporated into the project. Hilton Union Station Hilton Union Station Thank you for taking a look at the progress of the projects taking shape in Denver's Union Station neighborhood. Denver Union Station Hilton Union Station Denver construction Davita Denver    
Denver Photographs
Denver Skyline October 2017
October 16, 2017 at 2:42 pm 0
Last night I captured some photos near Mile High looking east towards Downtown Denver. The Denver Broncos were playing the New York Giants on Sunday Night Football. I hit the shutter button at just the right moment on this one to capture the fireworks. Denver Broncos Skyline I switched lenses and snagged a few photos of Downtown Denver. There is a nice view of Denver's newest skyscraper, 1144 Fifteenth Street from this vantage point. Downtown Denver night The traffic on Denver's busy Colfax Avenue made for some cool lighting Downtown Denver Long Exposure Denver After capturing these photos of Downtown Denver and the fireworks at Sports Authority Field at Mile High while the Denver Broncos game was going on, I was able to make it home in time to watch the second half of the game. I did not miss much as it was one of the Denver Broncos poorest performances at home that I can remember. Denver Broncos Skyline  
Project Announcements
90-Story Skyscraper Planned For Denver
September 29, 2017 at 5:27 am 0
Denver Skyscraper

Renderings courtesy Greenwich Realty Capital

New York-based real estate investment and development firm Greenwich Realty Capital (GRC) this week announced details about its planned skyscraper at 650 17th Street in downtown Denver. The 1,000,000+ square foot mixed-use tower will be comprised of 248 luxury condominium residences, a boutique hotel, 22,000 square feet of retail space, and over 500 parking spaces. At 90 stories, it will be the tallest building in Denver. “Denver is at an exciting moment in its history and we believe our development plan for 650 17th Street will help further catalyze the evolution of downtown while respecting the essential character of the city,” said Michael Ursini, a co-founder and Managing Partner of GRC. The firm has hired architect Carlos Ott to design 650 17th Street. In addition to Carlos Ott, whose firm is based in Canada, GRC has retained Denver-based professionals, including Davis Partnership Architects, which will be the architect of record. “What makes Denver’s lifestyle so appealing is this amazing combination of urban culture surrounded by absolutely stunning natural beauty,” said Stephen Drew, co-founder and Managing Partner of GRC. “Our direction to Carlos is that his architectural design for 650 17th Street should reflect this unique lifestyle and elevate it. We envision a contemporary tower where residents and hotel guests wake up to panoramic mountain and city views, relax on terraces surrounded by those views, walk to work downtown, and easily jump in their car to go skiing or mountain-biking.” Amenities at 650 17th Street are expected to include multiple terraces and pools, a spa with sauna and steam rooms, and a fitness center. Planned sporting amenities include a half-court basketball court, a bowling alley, and a game lounge with a pool table, foosball, and shuffle board.  A playroom with a custom climbing gym is slated to be included for children. Bicycle storage, pet grooming, day care, art consultation, and butler service are among many other planned amenities 650 17th Street. “Over the past year, we have met with Denver city officials, civic leaders, and business people to ensure that we take local priorities into account,” said Ursini. “Establishing strong working relationships in Denver is of paramount importance to us – not just for 650 17th Street, but also because we plan to make more investments in Denver in coming years.” Denver skyscraper Denver Skyscraper rendering      
Project Announcements
Construction To Begin On Market Station
September 28, 2017 at 8:13 pm 0
 Continuum Partners announced today that construction will begin on Market Station project in Lower Downtown Denver, formerly the site of the central Regional Transportation District (RTD) bus terminal, Market Street Station. Construction fencing will go up on the site beginning September 29, followed by initial mobilization and utility work, with demolition activity slated to begin in mid- to late-October. The project is scheduled to be completed in Summer 2019.
“We are thrilled to be starting construction on Market Station, which will be the next great downtown development, similar in scale and significance to Larimer Square and Union Station,” said Roger Pecsok, Development Director at Continuum Partners. “While Denver has seen some extraordinary developments in the last few years, we believe Market Station is a unique project in an important location.  Our goal is that Market Station will boost the retail vitality of this part of LoDo and 16th Street much in the same way Union Station has for the Wynkoop corridor.”
Market Station includes the entire city block bounded by 16th, 17th, Market and Blake Streets, except for the Regional Transportation District headquarters building at 1600 Blake Street. The land was purchased from the City as part of Continuum Partners’ agreement as co-master developers of Union Station Transit Hub and neighborhood. The $200 million Market Station project will consist of 370,000 square feet of development including 95,000 square feet of creative office space; 85,000 square feet of retail; and approximately 225 residential rental units. The retail is planned to include established national brands, emerging concepts and a small number of restaurants. In addition to luxury apartments, the residential plan will include micro units. There will be two levels of below grade parking, providing 320 spaces for both tenant and public use.
Continuum Partners has selected Kiewit Construction as General Contract for Market Station. El Dorado Inc. out of Kansas City will serve as the lead design architect and BOKA Powell out of Dallas will be the architect of record.  Todd Wheeler of Cushman & Wakefield will bet the project’s office leasing broker while Continuum Partners will handle the retail leasing in-house.
Below is an updated rendering of Market Station courtesy Continuum Partners.
Market Station Denver