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Archive of posts filed under the Office category.

Central Downtown: 1401 Lawrence Update #3

There was good news on September 25th when we announced the groundbreaking of 1401 Lawrence. The 22-story, 298,000 square foot office tower will eventually make its mark on the Denver skyline but, as with all new projects, there is a long journey ahead.

Demolishing the old sales center, used for the original 1401 Lawrence condo tower proposal, was the first thing on the to-do list. The building has already been torn down and as of today, the asphalt for the parking lot has also been taken out. Here are some pictures of the site from a week ago.

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All of the parking for 1401 Lawrence is above ground meaning this project will quickly rise above the street level! We will check back in a few weeks when this project is in the hole-in-the-ground phase.


Lower Downtown: 16M Final Update

Since the announcement of 16M back in April 2012, everyone rejoiced that the old Office Depot building at 1350 16th Street was going to be demolished and something much better was going to stand in its place. Now that the fences are down, and 16M has been mixed into Downtown Denver’s urban fabric, the intersection of the 16th Street Mall and Market Street has a new breath of life. Before we get to the pictures, make sure you visit our previous updates of 16M.

New Lower Downtown Project: 1350 16th Street

Demolition Begins for 16th & Market Project

Lower Downtown: 16M Update #1

Lower Downtown: 16M Update #2

Lower Downtown: 16M Update #3

Lower Downtown: 16M Update #4

Summer 2013: Downtown Denver Hole-in-the-Ground Census

Lower Downtown: 16M Update #5

Lower Downtown: 16M Update #6

Lower Downtown: 16M Update #7

Time to take a look at the completed building. Designed by Gensler, 16M rises a total of 10 stories and provides the Lower Downtown District with 115,000 square feet of office space, 13,000 square feet of retail, and 47 residential apartment units. Here are two views of the building looking down the 16th Street Mall towards Union Station.

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16M shares a similar design with its neighbor down the block, SugarCube. The first six floors are dedicated to retail and office space and floors seven through ten, set back from the office portion, are dedicated to the residential units.

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The street level, where the pedestrians interact with the city, is the most important part of any project. 16M hit it out of the park, with a tucked away garage ramp, attractive office entrance, and ample ground-floor retail.

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If you ask for my opinion about the ground-floor treatment, I would say this is infinitely better than walking along the blank wall of an Office Depot with a single entrance on the 16th Street Mall!

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The presence, look, and feel of 16M is outstanding. It’s a very attractive building with brick and glass throughout the entire facade and it has the most important feature every urban building should have: an amazing street presence. Welcome to Lower Downtown, 16M! We are glad to have you!


Cherry Creek: 100 Saint Paul Update #3

Today I have a quick update for you on the 149,000 square foot office building going up at East First Avenue and Saint Paul Street. Since our update in May, this project has gone from a large hole in the ground to a climbing steel structure that has now risen five-stories. 100 Saint Paul will top out at a total of 8-stories.

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That’s it for this round of Cherry Creek updates! Next week we will head back to Downtown Denver and look at all of the great infill going up there!


Cherry Creek: 250 Columbine Update #3

Since our last update in May, 250 Columbine has made significant progress, including the office portion of the project topping out! As a refresher, 250 Columbine is contributing 70,000 square feet of office space and 80 condo units to the Cherry Creek North neighborhood.

Topping out at 8-stories, this project is beginning to make its mark on the Cherry Creek skyline. The residential portion is still rising with two-stories to go.

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250 Columbine occupies the entire eastern half of Columbine Street between Second and Third Avenue. While it looks like one long building from the corner, I was surprised to find out that the office and residential components are split with ample space between them.

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Last but not least, I have a very special bonus for you. Back in early August, Shawn Murry of CloudBase Aerial Imaging gave us this spectacular aerial of Cherry Creek to use for this update. Shawn specializes in low altitude aerial photography and filming for land planning, real estate development, and other industries. For more information, please visit CloudBase at www.cloudbaseheli.com.

Not only can you see how large of an impact 250 Columbine has but also how dense the Cherry Creek neighborhood is with a great spine of density leading up to Colorado Boulevard. Seems like somewhere an enhanced transit corridor should belong!

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250 Columbine, Denver’s only condo project in the works, is already very close to selling out and has an expected delivery of early next year. For pricing and more details about 250 Columbine including a webcam, head on over to the project’s website.


Central Downtown: 1401 Lawrence Update #2

Good news! DenverInfill has learned from Newmark Grubb Knight Frank, the brokerage firm handling leasing for the proposed 1401 Lawrence office tower, that the official groundbreaking for the project will take place on October 1, 2014. For more about this project, visit our last update here.

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By the way, the tower has gained a floor since our last report. It now will be 22 stories tall and contain 298,000 square feet of office space and 8,000 square feet of ground-floor retail. Toronto-based First Gulf Corporation is the developer. For more information including a downloadable PDF with additional building details, visit the First Gulf’s project website.

 


Downtown Denver Office Projects: September 2014

Similar to our series of updates on Downtown Denver’s multifamily residential projects, let’s take a summary look at Downtown Denver’s new office projects.

Projects included in the map and table below are those that are new construction projects with an office component that have been completed, are under construction, or proposed since January 2010 and located within a 1.5-mile radius of a geographic central point (17th and Arapahoe) in Downtown Denver. Projects outside of the green circle but within the extent of the Google Earth aerial image are not shown. A project is included in the Proposed category if a development application has been filed with the city or if the project has otherwise been made public to some degree. The gross office square footage figures listed are approximate and the number of floors listed is for the entire building, not just the office portion in the case of mixed-use projects.

Here’s our Downtown Denver New Office Projects map for September 2014. Click to embiggen:

2014-09-13_office-projects-map-September-2014 

Here is a summary table to accompany the map. Click here to download both the map and table in PDF format.

2014-09-13_office-projects-table-September-2014

Nearly 1.5 square feet of office space has been developed in Downtown Denver since the start of the decade, and almost another one million square feet is currently under development. The Proposed projects that are most likely to break ground next are 1881 16th Street and 1401 Lawrence (probably before the end of the year) and 1144 15th Street is reportedly scheduled to start in May 2015. At the end of the 2nd Quarter 2014, the Central Business District office vacancy rate was a little over 12%.

Edit 2014-09-14, 9:25 PM: Updated exhibits with corrected square footage information.


Union Station: The Triangle Building Update #5

Steel builds are, personally, one of the most exciting to watch. Instead of the core and structure going up together, the core rises first and the steel structure follows. These kind of builds also give us great insight to the height of the building early on in the construction process.

The Triangle Building is a steel build where the core is almost topped out at 10-stories with the steel structure starting to climb. With this, we now have a decent idea on the height of this project.

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Due to the larger floor-to-ceiling heights in office buildings, the 10-story Triangle Building will be roughly the same height as Cadence, which is 13-stories or 140 feet tall.

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The Union Station Neighborhood is starting to sport a skyline of its own and The Triangle Building will be a significant part of it!

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Given the quick nature of steel construction, the structure will only take a couple months to top out. By then, we will truly be able to see the triangular shape of this building. Stay tuned!


Lower Downtown: Z Block Update #1

In January 2014, we reported on Z Block, a new mixed-use development in Lower Downtown that would remove nearly a half block of ugly surface parking from the historic Windsor Dairy block. Z Block was proposed by McWhinney in cooperation with the brokerage team at Newmark Grubb Knight Frank and property owner Grand American.

The original Z Block concept included a new office building along the entire Wazee Street side of the block, and multifamily residential in a new building fronting a portion of the Blake Street side, with the two components connected by spanning over the alley and forming a T-shaped project site.

With this update, there are two major changes to the project. First, Denver-based Sage Hospitality, operators of the historic Oxford Hotel and the newly opened Crawford Hotel at Denver Union Station, have joined the development team. Consequently, the second major change: the residential component of the project has been dropped, a hotel component added, and the uses rearranged on the block.

The new eight-story Z Block Hotel will occupy the corner of 19th and Wazee and offer 170 rooms. The 6-story office component will now have an L-shaped footprint, fronting most of the Wazee side of the block and spanning across the alley to the Blake Street side.

We have a bunch of brand-new renderings to share with you, courtesy of the nice people at McWhinney, Dovetail Solutions, Shears Adkins Rockmore (designers of the office component) and JG Johnson Architects (designers of the hotel component):

The corner of 18th and Wazee showing the office component that extends for about two-thirds along the Wazee Street frontage:

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A close-up of the center part of the Wazee side showing the main office entry:

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The Z Block Hotel anchoring the corner of 19th and Wazee:

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Closer view of the hotel at 19th and Wazee:

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From the corner of 19th and Blake, the view of the hotel on the right and, on the left, the portion of the office space that spans across the alley to the Blake Street side:

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View from 18th and Blake showing the office component in the center of the block and the alley side of the Wazee building:

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Finally, a close-up of the offices facing Blake Street:

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The project also includes 400 underground parking spaces and 30,000 square feet of retail and restaurant space.

In my opinion, this is a wise move by Sage Hospitality and McWhinney. With Sage already operating what are arguably two of Downtown Denver’s most prestigious boutique hotels in amazing historic structures with the Oxford and the Crawford, the addition of the Z Block Hotel gives Sage a third property—in this case a modern facility in a sleek new building—and over 360 rooms within three blocks of each other all between Union Station and Coors Field in the heart of Lower Downtown. Smart.

Z Block is scheduled to be completed by September 2016.