X

Project Announcements

Project Announcements
Renovation for 930 15th St.
February 18, 2019 at 8:34 pm 0
Rendering of future renovation to 930 15th St. courtesy HFF

Holliday Fenoglio Fowler, L.P. (HFF) has announced $54.60 million in acquisition bridge financing for the repositioning of 930 15th Street, a 223,000-square-foot vacant office/data center building in Downtown Denver, Colorado.

The HFF team worked on behalf of the borrower, SteelWave LLC and Rialto Capital Management, to arrange the four-year, floating-rate acquisition and bridge loan through Square Mile Capital Management.  Loan proceeds will be used to acquire and reposition the asset into a state-of-the-art office building.

930 15th Street is located at the corner of 15th and Curtis Street in Downtown Denver. The property served as the administrative back office center of CenturyLink for the past 20 years and is currently vacant. 

Steelwave LLC and Rialto Capital Management with design by Gensler Architects will transform the asset into office space within the Denver CBD through significant renovations and modern amenities.  Planned renovations include a floor-to-ceiling glass curtain wall on two facades  Planned amenities include a collaboration lounge area, café and wine bar, rooftop fitness center, bike lab, rooftop event area and lounge, and conference center. 

The HFF debt placement team representing the borrower included director Leon McBroom and senior managing director Eric Tupler.

CONTINUE READING ...
Project Announcements
The Edge condominium project announced for LoHi
June 6, 2018 at 9:55 pm 0
Denver Condos

Holliday Fenoglio Fowler, L.P. (HFF) announces financing for the development of The Edge LoHi, a 44-unit, upscale condominium development in Denver’s Lower Highland (LoHi) submarket.

A ground-breaking ceremony was held at the site last week.

The HFF team worked exclusively on behalf of the developer, Alpine Investments, to arrange the 36-month, floating-rate, non-recourse construction loan through a balance sheet lender.

The Edge LoHi will be situated immediately north of Interstate 25 in the LoHi neighborhood near the intersection of 17th Street and Boulder Street. Due for completion in 2019, the property’s for-sale homes will feature high-end finishes, unobstructed views of the Denver skyline and an outdoor space for every condo.  Community amenities include a dog spa, storage units, bike storage and repair room, lobby lounge with a fireplace and coffee bar and secured building and garage access.  Approximately 30 percent of the units were pre-sold at the time of closing.

Cuningham Group Architecture designed the project. Bristlecone Construction is the general contractor.

The HFF team representing the borrower included directors Leon McBroom and Brock Yaffe.

Denver Condos Renderings courtesy HFF.  
CONTINUE READING ...
Project Announcements
Forrest Park 12 Announced
May 13, 2018 at 3:44 pm 0
Denver Condo Forest Park 12, a new residential townhouse development located near the intersection of South Forrest Street and South Leetsdale Dale Drive.  Forrest Park will include 12 for-sale 2 bedroom townhomes between 1,519-1,648 square feet. Construction is underway on Forrest Park 12 and the foundations have been poured. Pricing starts in the low $500,000s and the project has an anticipated completion date of 1st Quarter 2019. The homes are being marked by redT Homes.  
CONTINUE READING ...
Project Announcements
Apartment project coming to 16th and Sheridan
March 4, 2018 at 10:13 pm 0
CONTINUE READING ...
Construction Updates, Project Announcements
Five-story condo building coming to LoHi
January 28, 2018 at 8:24 pm 0
LoHi Condos Renderings courtesy Porch Light Real Estate Group.
Elevation Capital Partners (“ECP”) announced plans to build Ivy—a new 26-unit condo building in the LoHi neighborhood of Denver at 1908 W 33rd Ave. Units are projected to be priced from the low $300,000s to $750,000s.
“When this opportunity presented itself, we knew we wanted to create something unique,” said Bryan Fitzgerald, Principal of ECP. “But we also wanted to create something that would enhance the neighborhood, be built to last and something we could be proud of for decades to come. We purposefully partnered with Craine Architecture and Hyder Construction to fulfill that mission. Craine’s timeless aesthetic is evident in the design; and on this scale no one in town has more for-sale condo experience than Hyder. We’ve got a really great team assembled.”
LoHi Condos
The five-story building will have parking on grade level and four levels of residential units above. Ivy residences will consist of a mix of studio, one- and two-bedroom units as well as four penthouse condos with views in all directions. Ceiling heights will be between nine and ten feet.
PorchLight Real Estate Group is marketing the project which is expected to break ground in May of 2018 and is slated to be complete in the second quarter of 2019.
Ivy Lohi condos
CONTINUE READING ...