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Archive of posts filed under the Office category.

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:

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

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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.


Golden Triangle: Museum Center + The Art Hotel Update #4

Recently, there have been many great things going on over at the Museum Center + Art Hotel project. The 9-story building has recently topped out and we are beginning to see the first exciting element on the facade: the glass curtain wall on the office portion is starting to go in!

One thing I noticed about this project is that it’s much thinner than I originally imagined. This building sits on a very small footprint and makes great use of it with very creative architecture.

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This 9-story building has a huge impact along Broadway, especially with the History Colorado Center right across the street. With this new building, Broadway, between 12th and 14th Avenue, has dramatically urbanized in the recent years and features the some of the most unique buildings in the city.

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The Museum Center + Art Hotel is an all around fantastic project for the Golden Triangle. Not only is the design outstanding, but it fills one of the ugliest parking lots in the neighborhood!


Lower Highland: Galvanize 2.0 Update #3

Construction on Galvanize 2.0 on historic Platte Street is coming along nicely. In our last update in November, the building foundation was being excavated. Since then, the project has topped off at its four-story height!

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Featuring around 70,000 square feet for offices, classrooms, and meeting spaces plus a ground-floor restaurant, Galvanize 2.0 is aiming for an early 2015 opening.


Lower Highland: The Lab on Platte Update #2

In our first update on The Lab on Platte, a 73,000 square foot, four story office building being developed at 17th and Platte behind the Denver Beer Company, we noted that the old janitorial supplies building that occupied the site was under demolition.

With this short update, we can report that construction of the building’s foundation is now underway!

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As can be seen in the images above, excavation and the shoring walls are now underway. We’ll stop by The Lab on Platte in a few months when it starts to go vertical. The project is slated for opening in April 2015.


Lower Highland: The Boathouse Update #1

In our first post on The Boathouse, I mentioned that construction was already well underway. Here’s some proof!

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The Boathouse is planned to be completed by January 2015.


Curtis Park-Five Points: Mile High United Way HQ Update #2

What was a steel shell back in March, the three-story Mile High United Way Headquarters is now an almost fully enclosed building four months later! Situated along Park Avenue, between Stout and California Streets, this office project really shaping up and only has a couple months until completion!

The 63,000 square foot office building has topped out and the facade, comprised of blonde brick and glass curtain walls, is nearly complete. Here are two prospective of the building from California and Stout Streets along Park Avenue.

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The back of the building will be used for parking and is comprised mostly with a blonde brick facade. However, the glass curtain wall along Stout Street adds a great modern touch to the building.

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The Mile High United Way Headquarters contributes to the once broken street wall along Park Avenue West. There might still be a lot of work to be done but this is a great step in the right direction. Completion for this project is expected around this fall.