OMG! Hotel Teatro Deal is True!! Part II - Page 27

CoVol · #**521** Posted **Sep 18, 2007, 4:18 PM**

Quote:

Originally Posted by bcp

have we defined "groundbreaking"?

does pulling out the parking lot count?
digging for foundations?
what if there is little delay between site clearning and foundation digging?

I'm hoping they'll be having some kind of official ceremony and that's what I'd go with. Even if that means they just chisel out a small square in the parking lot to dig their gold shovels into. I know we all know that "under construction" is hard to define, but I'd say we go with what they say on the groundbreaking.

bunt_q · #**522** Posted **Sep 18, 2007, 5:31 PM**

I think we should define it as tower crane up (that gives me a decided advantage, by the way)

wong21fr · #**523** Posted **Sep 18, 2007, 5:36 PM**

^Oh, hell no.

With this one, I say we go with lane closures and the ground breaking ceremony.

Ribeye · #**524** Posted **Sep 18, 2007, 7:25 PM**

I'll give a definitive answer on what groundbreaking is on October 11th.

denveraztec · #**525** Posted **Sep 19, 2007, 12:44 AM**

Quote:

Originally Posted by bcp

have we defined "groundbreaking"?

does pulling out the parking lot count?
digging for foundations?
what if there is little delay between site clearning and foundation digging?

A building this major and with such anticipation will absolutely have a ground breaking ceremony!

SnyderBock · #**526** Posted **Sep 19, 2007, 9:28 AM**

I was right! I won!!

They started construction the day they started closing off the parking and placing concrete barriers to close off a lane of traffic. September 14th was right on the dot!

Wew Who...

KuKu, not KoKo !!

wong21fr · #**527** Posted **Sep 19, 2007, 3:26 PM**

^Nope, until some sort of dirt turns, even a shovelful, construction has not started.

Ribeye · #**528** Posted **Sep 19, 2007, 10:41 PM**

Although today I did see a crew onsite with rakes and shovels, presumably getting ready to tear out the vegetation - still, didn't see a shovel full of dirt move. Also, another crew was taking out light poles. Movement forward, to be sure. But I concur, a groundbreaking ceremony is the proper definition, given the size of the project. When Hick turns over some dirt, then we're on.

pablosan · #**529** Posted **Sep 19, 2007, 10:47 PM**

From the looks of everything that has been going on, it appears that the groundbreaking will be within the month.

bcp · #**530** Posted **Sep 19, 2007, 11:11 PM**

bah..no way - ceremonial doesnt mean squat....the Opus project in 15th had a ceremony at least a month before dirt turned...

i say we stay grounded in reality here - first backhoe on the site pulling out asphalt.

navyweaxguy · #**531** Posted **Sep 20, 2007, 1:14 AM**

lol, one of you guys wil run out there put a shovel in the ground and take a pic....

Top Of The Park · #**532** Posted **Sep 20, 2007, 2:25 AM**

Quote:

Originally Posted by navyweaxguy

lol, one of you guys wil run out there put a shovel in the ground and take a pic....

I'll be down there on the 21st...anyone have a digital camera?

pablosan · #**533** Posted **Sep 20, 2007, 9:13 AM**

Lol

Mulligan · #**534** Posted **Sep 20, 2007, 7:05 PM**

They're ripping up the pavement as we speak. I call groundbreaking ceremony on Monday.

soonermeteor · #**535** Posted **Sep 20, 2007, 8:01 PM**

Id be in the greatest mood right now if the spire hadn't stopped construction.

bcp · #**536** Posted **Sep 20, 2007, 8:47 PM**

wait a minute...WHO called 9/24....

Mulligan · #**537** Posted **Sep 20, 2007, 8:49 PM**

I'll be the first to say bravo BCP. Didn't know you were a psychic...

CoVol · #**538** Posted **Sep 20, 2007, 8:51 PM**

Quote:

Originally Posted by bcp

wait a minute...WHO called 9/24....

You...and it looks like you'll be the winner bcp...it's official!!!

I believe some dancing fruit is in order:

--------------------------------------------------

Four Seasons to break ground Sept. 24

The Denver Business Journal - 2:29 PM MDT Thursday, September 20, 2007

Developers of the Four Seasons hotel and condominium project in downtown Denver expect to break ground on Monday, Sept. 24.

The project's public relations firm, Communications Strategy Group of Denver, said it will send out media notices about the event on Friday.

The Four Seasons site, currently a surface parking lot, is located at the southwest corner of 14th and Arapahoe streets, and across from the Hotel Teatro.

Preliminary work was under way there as of Thursday. Wire fencing had been installed around half the parking lot, and Balika Tree Service of Littleton was removing trees from the lot. Pavement also was being pulled up.

Meanwhile, work at the Spire condo project being developed by The Nichols Partnership Inc. of Denver just a few blocks away, at 14th and Champa streets, appeared to have stopped temporarily on Thursday. The developer recently lost some $150 million in bank financing from HypoVereinsbank of Germany.

Randy Nichols, principal at the development firm, has said the loss of debt financing won't jeopardize the project, which is scheduled for completion in summer 2009. Nichols was unavailable for comment on Thursday.

The Four Seasons project is being developed by Michael Brenneman and Jeff Selby of 1111 Tower LLC, former owners of the Hotel Teatro.

Plans call for the $350 million Four Seasons to stand 45 stories tall, and include 230 luxury hotel rooms and 102 condos called the Four Seasons Private Residences. The project is scheduled to be completed in late 2009.

When the Four Seasons was announced in 2004, it was to break ground in 2005 and be finished this year.

The developers said in August that they had sold one-third of the property's condos -- roughly 34 units -- including one of two penthouses. The penthouse sold for $10 million to a buyer the developers declined to disclose. Financing is coming from Cain Capital Ltd. of Britain and Grupo Denim of Mexico City.

CoVol · #**539** Posted **Sep 20, 2007, 9:01 PM**

Quote:

Originally Posted by bcp

bah..no way - ceremonial doesnt mean squat....the Opus project in 15th had a ceremony at least a month before dirt turned...

i say we stay grounded in reality here - first backhoe on the site pulling out asphalt.

Hmmm...unless you'd like to stick with this statement?

pablosan · #**540** Posted **Sep 20, 2007, 9:15 PM**

Great news!