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Union Station

Project Announcements
The Coloradan announced
November 9, 2015 at 11:14 am 3
The Coloradan

Rendering of the Coloradan as seen from the Union Station train platform provided by East West Partners.

Denver-based East West Partners along with Amstar Advisers have announced plans to development 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 will be constructed is 1750 Wewatta Street. Construction is expected to begin on this $200 million project in the summer of 2016 with completion slated for 2018. 

“We are very excited to partner with East West Partners on a luxury condominium development in the heart of downtown Denver. For over 25 years, Amstar and East West have witnessed the growth of this impressive city; that continued growth, coupled with supply-­‐side factors, create an excellent opportunity for condo development,” said Amstar Advisers Managing Director Kim Sperry.

East West Partners has served as the master developer of the Union Station redevelopment. In October, East West Partners announced plans to develop 16 Chestnut, a 250 foot-tall office building to be constructed in Denver's Union Station neighborhood. The 19-story building will include 420,000 square feet of space.

The Coloradan represents the last property in the Union Station neighborhood to be announced.

“Since opening in 2014, Union Station has quickly become the new heart of downtown Denver, and The Coloradan will be at the heart of Union Station, making it the most exciting new downtown living opportunity in the city,” said Chris Frampton, managing partner of East West Partners. “We are proud of everything we’ve built in Denver and Union Station, but The Coloradan may end up being our crown jewel.”

RTD has recently announced that the University of Colorado A Line that will provide commuter rail service between Denver Union Station and Denver International Airport will begin service on April 22, 2016.

The price of the homes will range between $250,000 to $3 million. The Coloradan will also feature 19,000 square feet of retail space. A parking garage will be incorporated into the property and will total 492 parking spaces. Additional amenities will include a rooftop pool and deck, a fitness room, and a club room.

Ten percent of the condos will be affordable housing units via the the Inclusionary Housing Ordinance of 2014.

“This is a major win for affordable home ownership opportunities right in the heart of Lower Downtown,” said Denver Mayor Michael B. Hancock. “The scale and location of The Coloradan is simply amazing, and we commend the development team for choosing to meet their affordability requirements on-­‐site at such a premier location. This helps to shape a stronger Denver, providing our hard-­‐working residents the opportunity to take advantage of all that our urban center has to offer.”

GE Johnson is serving as the general contractor and GBD Architects is the firm that designed the Coloradan.

The Coloradan

The gravel lot on the left side of the photos is where The Coloradan will take shape.

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Project Announcements
16 Chestnut announced with Davita as anchor
October 12, 2015 at 12:37 pm 0
East West Partners along with Starwood Capital Group have announced plans to move forward with 16 Chestnut, a 250 foot-tall office building to be constructed in Denver's Union Station neighborhood. The 19-story building will include 420,000 square feet of space. Above grade parking will be incorporated into the structure. 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.
16 Chestnut Denver

Rendering of 16 Chestnut courtesy Davita.

Construction of 16 Chestnut will take place adjacent to Denver's Millennium Bridge at 16th Street and Chestnut Place. The cost of construction for 16 Chestnut is estimated at $190 million. Davita's world headquarters are located in Denver across the street from what will become 16 Chestnut at 2000 Chestnut. Davita will remain in its current building and is leasing space at 16 Chestnut to expand its operations in Denver. "DaVita believed in our vision for the Union Station neighborhood long before it came to fruition. We are honored that they are entrusting us in making a second home for their teammates," said Chris Frampton, Managing Partner at East West Partners.
16 Chestnut Denver

Rendering of 16 Chestnut courtesy Davita.

As stated in today's press release, 16 Chestnut is expected to break ground in July of 2016. The rest of the leasable space in 16 Chestnut will hit the market in January 2016.
16 Chestnut Denver

Rendering of 16 Chestnut courtesy Davita.

"When we moved to Denver, we knew we would commit to the city, to the state and to the community," said Kent Thiry, Chairman and CEO of DaVita Healthcare Partners. "Today's announcement of another DaVita building downtown, developed with East West Partners and Starwood Capital Group, cements that commitment." 16 Chestnut is aiming for LEED Platinum certification. "We are excited about the opportunity to continue to invest in Denver and reaffirm our commitment to East West Partners' vision for the Union Station neighborhood," said Dan Schwaegler, Senior Vice President in the Asset Management Group at Starwood Capital Group. "This neighborhood has become the destination of choice for Fortune 500 companies in Denver, and our third building in the area will only contribute to this trend."
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Project Announcements
Developer: “excited to move ahead with 1709 Chestnut”
October 1, 2015 at 12:43 am 4
1709 Chestnut rendering

Rendering of 1709 Chestnut courtesy Shorenstein.

1709 Chestnut

Rendering of 1709 Chestnut courtesy Shorenstein.

1709 Chestnut

Rendering of 1709 Chestnut courtesy Shorenstein.

Shorenstein Company has officially announced plans to move forward with 1709 Chestnut, a development in Denver's Union Station neighborhood that will feature a 24-story building and a 12-story building. 1709 Chestnut is slated to break ground in 2016. Between these two structures 500 apartment units and 20,000 square feet of ground-floor retail space will be constructed. The residences will be offered in one and two bedroom options. Structured parking will be incorporated into 1709 Chestnut totaling 500 spaces. Shorenstein is a real estate investment company with offices in San Francisco and New York City.

Meg Spriggs, managing director of the Multifamily Investments Group of Shorenstein Properties explains, “We’re excited to move ahead with 1709 Chestnut, which features a design inspired by the look and feel of Denver’s LoDo neighborhood.  The project’s location in one of the most exciting new urban mixed use neighborhoods in the country and its close proximity to numerous public transit options gives us great hope it will be well received when we deliver the completed development in 2018.”

Denver-based Shears Adkins Rockmore is the architecture firm that designed this development.

1709 Chestnut will take shape a block and half from the train platform at Union Station. A commuter rail line is slated to open in 2016 that will provide service between Denver International Airport and Union Station. Currently trains are being tested on the line.  Pivot Denver, a 13-story residential project that will feature a Whole Foods is currently under construction on the lot directly to the southeast of 1709 Chestnut. A King Soopers grocery store opened about a month ago nearby at 19th and Chestnut.

Below is a photo of the 1709 Chestnut site. It is currently an empty lot with a chain link fence surrounding the perimeter.

1709 Chestnut

Site of 1709 Chestnut. DUR 2015.

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City Living
Alta City House 78 percent leased
August 26, 2015 at 2:30 pm 2
Denver Union Station

Alta City house DUR.

Alta City House, a 280-unit apartment community in Denver's Union Station neighborhood is now officially complete. The project cost $62 million to develop and took shape at 1801 Chestnut Place. The units are now 78 percent leased. This project was developed by Wood Partners, LLC., East West Partners, and USAA Real Estate Company. Wood Partners will manage this apartment community. "Alta City House is a high-profile project just west of Union Station, at the hub of the Denver metro area's light rail system," said Tim McEntee, director for Wood Partners' Rocky Mountains region. "Overall, we're very pleased with how well it has been received. It's an exciting, high-profile project, and we really amped up the amenities." Alta City House has received a LEED Gold ranking from the U.S. Green Building Council. The five-story structure houses one, two, and three bedroom units that range in size between 645 square feet to over 1,300 square feet for the three bedroom units. Prices range from $1,710 to $3,600 a month. A parking structure was incorporated into this development and creates a ration of 1.4 parking spaces per unit. This development is located two blocks from the Union Station train platform that will provide connecting rail service to much of the Denver metro area. In 2016 a commuter rail line to Denver International Airport will open. The community will feature a wine locker, two-story fitness center, and a rooftop deck that will provide views of Coors Field Paul T. Bergner Associates is the architecture firm that designed Alta City House.
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Construction Updates
A final look at 1601 Wewatta
July 27, 2015 at 1:16 am 1
Work is wrapping up on the 10-story 1601 Wewatta development that has been under construction in Denver's Union Station neighborhood. This project will not be included in August's construction update, so for this post, 1601 Weatta is the center of attention. In June it was announced that two new tenants in Hogan Lovells LLP and the Colorado Athletic Club would be calling 1601 Wewatta home. The 1601 Wewatta development was designed by HOK and contains a total of 283,000 square feet of office space and 17,000 square feet of ground floor retail space. Below grade, this development will provide parking for 400 vehicles.  This project was developed as a joint venture between Hines, Jordon Prelmutter & Co., and J.P. Morgan Asset Management. Hines is also developing the 40-story 1144 Fifteenth Street project. 1601 Wewatta is LEED Gold pre-certified. Below are some photos of this new addition to Denver: 1601 Wewatta 1601 Wewatta 1601 Wewatta 1601 Wewatta 1601 Wewatta  
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