2450 S. University will include 252 apartment units on levels two through five. The first floor will feature 31,000 square feet of retail space. Two levels of below-grade parking will also be included. The total square footage of the project including the underground parking is 420,000 square feet.
2450 South University will showcase an indoor lap pool, a yoga room, and a fitness room. On the rooftop, a lounge area and a pool will also be constructed.
Denver-based Shears Adkins Rockmore is the architecture firm that designed this project– the same architecture firm that also designed the 24-story Shorenstein development that is slated to begin construction at 1709 Chestnut in the Union Station neighborhood of Denver.
Site work began in the summer of 2015 when existing structures on the property were demolished in advance of excavation work.Below is a rendering of the project. The developer stated that there is the potential for adjustments to be made to the exterior finishes that are not reflected in the rendering that was provided.
Holliday Fenoglio Fowler, L.P. (HFF) announced Tuesday that it has closed the sale of and arranged financing for Panorama Corporate Center, a 780,649-square-foot, six-building, Class A office campus in suburban Denver, Colorado.
HFF represented the seller, Miller Global Properties, LLC, in the sale of the property to EverWest Real Estate Partners and Independencia Asset Management. Additionally, HFF assisted the new owner in securing a 70-percent-LTV, 10-year, full term interest only, fixed-rate acquisition loan at 4.78 percent through a national investment bank. HFF was also involved in the prior sale of the property in 2013.
Panorama Corporate Center is situated on 42.1 acres at the southwest corner of the Interstate 25/Dry Creek Road interchange adjacent to the Dry Creek light rail station in Centennial, a southeast suburb of Denver. The Class A complex was developed between 1996 and 2008 and is 94.1 percent leased to tenants including United Launch Alliance and Comcast. Tenants have access to an on-site deli with Wi-Fi enabled outdoor seating and a fitness center, which is under construction in Building II.
The HFF investment sales team was led by senior managing directors John Jugl and Mary Sullivan.
HFF’s debt placement team was led by senior managing director Eric Tupler.