DENVER | Main Development Thread #7 - Page 113

Robert.hampton · #**2241** Posted **Feb 20, 2018, 12:22 AM**

Quote:

Originally Posted by Denver

Every company has to start somewhere. Not sure why you would look at the company portfolio and not the bio of the partners. Not saying this deal is going to happen but you really did not do your due diligence in reaching your conclusion that they have "zero" experiences.

Apologies -- they have 'zero experience going over 5 stories' as far as I can tell. Yes you start somewhere, but not with a 90 story tower in a market you've never entered.

I do think their bios are quite impressive -- Greenwich Realty Capital has been involved in 'over $1 billion of commercial, residential, mixed-use, and industrial real estate nationwide' over three decades.......but don't have a single completed project in their portfolio to show off? Sounds odd.

BG918 · #**2242** Posted **Feb 20, 2018, 2:36 AM**

I would believe it if they had a Hines or similar developer/property manager on the team. But they don’t.

SirLucasTheGreat · #**2243** Posted **Feb 20, 2018, 3:35 AM**

There have two million articles posted about 650 17th today and, as previously noted, the comments on Facebook have been nothing short of pure cancer.

CastleScott · #**2244** Posted **Feb 20, 2018, 4:58 PM**

^ Guys and gals, I believe we're on the verge of an economic slow down so who knows perhaps this and other large project could get put on hold for awhile. Even in China stuff is slowing down so and besides these recent times have brought job growth but not with big income growth like what happened back in the go-go 90s-anyway just my 2 cents worth..

wong21fr · #**2245** Posted **Feb 20, 2018, 5:01 PM**

Quote:

Originally Posted by CastleScott

^ Guys and gals, I believe we're on the verge of an economic slow down so who knows perhaps this and other large project could get put on hold for awhile. Even in China stuff is slowing down so and besides these recent times have brought job growth but not with big income growth like what happened back in the go-go 90s-anyway just my 2 cents worth..

There's been plenty of income growth- it's just been focused on the top quintile (to be generous).

Though it does seem like the headwinds are picking up indicating that the end of this development cycle is coming down the pipeline.

Denvergotback · #**2246** Posted **Feb 20, 2018, 5:17 PM**

Quote:

Originally Posted by wong21fr

There's been plenty of income growth- it's just been focused on the top quintile (to be generous).

Though it does seem like the headwinds are picking up indicating that the end of this development cycle is coming down the pipeline.

Stupid Two Tabor

DenvertoLA · #**2247** Posted **Feb 20, 2018, 6:00 PM**

idk I think Two Tabor is in a good position if it does start construction. It has the foundation already built so vertical progress would be fast. It would beat block 142 to completion easy. If it's a race between those two to land tenants, I would bet on Two Tabor.

Denvergotback · #**2248** Posted **Feb 20, 2018, 6:02 PM**

I really like Two Tabor also, I really hope it goes through as I think it looks amazing and will do wonders for that block. Its just, of course they announce it and now there is talk about an economic downturn in the midst! ha. I just wish they would build it taller, that block can really use something 600' +

denconyny · #**2249** Posted **Feb 20, 2018, 6:19 PM**

Maybe by attempting to add some legitimacy to Denver's new supertall, developers are having Davis Partnership submit the proposal to the City and County of Denver Buildings Department? The project is now at 81 stories and will be exactly 1000' from street level to the crown of the building.

https://media.bizj.us/view/img/10796831/650-17th-2018pm101-1stconcept-021418.pdf

Well, still the question.... will it get built as is... or get cut down about 50 stories and end up another 31 story building?

wong21fr · #**2250** Posted **Feb 20, 2018, 6:19 PM**

Quote:

Originally Posted by DenvertoLA

idk I think Two Tabor is in a good position if it does start construction. It has the foundation already built so vertical progress would be fast. It would beat block 142 to completion easy. If it's a race between those two to land tenants, I would bet on Two Tabor.

T2 still needs to go through development plan review and permitting while Block 162 has already submitted for it's building permit. If T2 started the process right now it's probably six months out at a minimum while Block 162 is probably a month or two from starting formal construction.

Plus one has been actively marketing for over a year while the other just started.

mishko27 · #**2251** Posted **Feb 20, 2018, 6:57 PM**

Quote:

Originally Posted by denconyny

Maybe by attempting to add some legitimacy to Denver's new supertall, developers are having Davis Partnership submit the proposal to the City and County of Denver Buildings Department? The project is now at 81 stories and will be exactly 1000' from street level to the crown of the building.

https://media.bizj.us/view/img/10796831/650-17th-2018pm101-1stconcept-021418.pdf

Well, still the question.... will it get built as is... or get cut down about 50 stories and end up another 31 story building?

I'm glad that even after getting rid of some crazy features that were obviously not realistic (all those pools or the penthouses), the building looks stunning. This is absolutely what a signature tower should look like.

Denveropolis · #**2252** Posted **Feb 20, 2018, 7:44 PM**

Quote:

Originally Posted by mishko27

I'm glad that even after getting rid of some crazy features that were obviously not realistic (all those pools or the penthouses), the building looks stunning. This is absolutely what a signature tower should look like.

I agree. I really like the two different colors of glass.

bunt_q · #**2253** Posted **Feb 20, 2018, 8:06 PM**

Quote:

Originally Posted by denconyny

Maybe by attempting to add some legitimacy to Denver's new supertall, developers are having Davis Partnership submit the proposal to the City and County of Denver Buildings Department? The project is now at 81 stories and will be exactly 1000' from street level to the crown of the building.

https://media.bizj.us/view/img/10796831/650-17th-2018pm101-1stconcept-021418.pdf

Well, still the question.... will it get built as is... or get cut down about 50 stories and end up another 31 story building?

Wow, that presentation is amateurish AF. That's B-work at best in a graduate studio.

Denvergotback · #**2254** Posted **Feb 20, 2018, 9:36 PM**

What ever happened with that whole rezoning and El Jebel tower thing?

Edit: Also does anyone happen to know anything about 1501 Tremont Place? I'm fairly new to SSP and may have missed anything on this. Is it dead? Because its been under proposed forever...

Denver Dweller · #**2255** Posted **Feb 21, 2018, 12:14 AM**

https://www.denverite.com/larimer-square...otel-affordable-homes-green-roofs-48930/

comoneymaker · #**2256** Posted **Feb 21, 2018, 2:14 AM**

looks like they removed the pool hanging out on like the 70th floor lol

Matt · #**2257** Posted **Feb 21, 2018, 3:06 AM**

Quote:

Originally Posted by bunt_q

Wow, that presentation is amateurish AF. That's B-work at best in a graduate studio.

I don't believe 650 Seventeenth will happen, as much as I'd love to see it happen. It seems too good to be true, and the presentation materials have to date been extremely amateurish. I also believe the skepticism alone hovering around this project is enough to kill it off, if the economy doesn't first.

However, I'm proud to see Denver getting all hyped up for a new supertall. I can feel the energy and excitement buzzing around this project, and it shows me that Denver is READY - if not yearning - to finally surpass Republic Plaza. Hopefully that energy will last us through the next cycle and - with all the disappearing parking lots - it's only a matter of time before we are forced to focus almost exclusively on going vertical.

PLANSIT · #**2258** Posted **Feb 21, 2018, 3:29 AM**

Quote:

Originally Posted by bunt_q

Wow, that presentation is amateurish AF. That's B-work at best in a graduate studio.

This is a standard plan submittal. Why would it need to be anything more?

wong21fr · #**2259** Posted **Feb 21, 2018, 3:31 AM**

Quote:

Originally Posted by PLANSIT

This is a standard plan submittal. Why would it need to anything more?

Because CDOT fluffs up their stuff to overpay consultants?

mhays · #**2260** Posted **Feb 21, 2018, 4:11 AM**

Quote:

Originally Posted by PLANSIT

This is a standard plan submittal. Why would it need to be anything more?

Is it about compliance, or selling the concept to the reviewers, including any proposed code departures? Also is it about selling to the public, because the presentation is effectively a required press release?

In my city it's about all three, so money goes to nicer renderings. This begins around the concept plan stage, 12 to 18 months before construction, with a presentation that's substantially larger and fancier even for the average 40-unit woodframe apartment. That's a pain in the 🞵🞵🞵 and costs tons of money of course, mostly for the delay the process requires in addition to the actual design and rendering time for the presentation itself (which will be followed by more presentations until the committee approves it), but it's essential, mostly for reason 2.