Project Announcements

Project Announcements
Apartment project coming to 16th and Sheridan
March 4, 2018 at 10:13 pm 0
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
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

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