DENVER | Main Development Thread #7

[Denvergotback]

Originally Posted by wong21fr

Construction equipment is on sight today. Excavator and what looks to be a piling rig.

No screwing around now.

It would be great if the pour the foundation and then let it brew there for 30+years

[CherryCreek]

Originally Posted by TakeFive

Probably just a head fake or false start.

They faked the moon landing, I'm sure a fake "ground breaking" is a piece of cake.

[HighSt.]

Originally Posted by Denvergotback

It would be great if the pour the foundation and then let it brew there for 30+years

Maybe Two Tabor and Block 162 can just trade places as Denver's biggest development Memento Mori that is old enough to have children.

If you told this joke in Callahan or Makovsky's offices, I don't think anyone would be laughing. The truth ratio is too high.

[SirLucasTheGreat]

According to the site development plan, Block 162 is going to be 476 feet tall. The Spire is 478 and the Hyatt Regency is 489 for reference.

[RyanD]

Originally Posted by SirLucasTheGreat

According to the site development plan, Block 162 is going to be 476 feet tall. The Spire is 478 and the Hyatt Regency is 489 for reference.

Photo of Spire for reference as well:

[CherryCreek]

With closing on the property purchase from DHA, this very cool condo project appears to be advancing. If it gets built as per current website plans, this may well be the best looking of any high rise condo built in Denver - ever.

News:
https://businessden.com/2018/06/05/developer-buys-uptown-acre-for-7m-with-condo-plans/

Developer website:

http://navareal.com/properties/575-e-20th-avenue/

[jama]

Thought you all would appreciate this. The Colorado Real Estate Journal had it's annual development conference/expo this morning and one of the Cushman Wakefield leasing brokers of Block 162 was a panelist. He said the project broke ground yesterday. As DJ Khaled says... Anotha One!

[PLANSIT]

First site development plans have come in for Broadway Station:

Site Address and Description
2018PM0000311 - Broadway Station - Parcels A-D

[rds70]

Originally Posted by PLANSIT

First site development plans have come in for Broadway Station:

Project Description:
2018PM0000311 - Broadway Station - Parcels A-D
Concept - S.Broadway & North of W Mississippi. A proposed mixed-use development located on four parcels within Broadway Station Filing No. 1 (Lot 1, Block 3; Lot 2, Block 2; Lot 1, Block 4; and Lot 1, Block 5). Parcels A & B will consist of two buildings that are between 7 and 9 stories high connected by a below grade parking garage. The buildings on Parcels A & B will include approximately 268 residential units, a proposed 45,000 gsf urban grocer, 29,000 gsf of additional retail, 190,000 gsf of office space, and 268,800 gsf of structured parking (604 parking spaces provided). Parcels C & D will consist of two buildings that are between 9 and 10 stories high connected by a below grade parking garage. The buildings on Parcels A & B will include approximately 219 residential units, 55,000 gsf of retail, 147,000 gsf of office space, and 376,000 gsf of structured parking (733 parking spaces provided).

[Matt]

I bet removing the crown illumination was the ticket to getting Block 162 moving so fast. #DenverHatesIllumination

[TakeFive]

Originally Posted by Matt

I bet removing the crown illumination was the ticket to getting Block 162 moving so fast. #DenverHatesIllumination

That's it; they threw in the towel and decided to just build a 'plain Jane'.

Originally Posted by CherryCreek

They faked the moon landing, I'm sure a fake "ground breaking" is a piece of cake.

What's amazing is how many people still believe it.

[ejwill04]

Excited to see this project next to Coors Field moving along. Mix of uses including retail, condos, office, and hotel. Anecdotally, it seems like we’re seeing a pick up in condo project proposals.

https://businessden.com/2018/06/06/rockies-release-more-details-for-lot-near-coors/

[jbssfelix]

Originally Posted by ejwill04

Excited to see this project next to Coors Field moving along. Mix of uses including retail, condos, office, and hotel. Anecdotally, it seems like we’re seeing a pick up in condo project proposals.

https://businessden.com/2018/06/06/rockies-release-more-details-for-lot-near-coors/

Parking garage: 195,878 (sq ft)

That's....a lot of parking...

[wong21fr]

Originally Posted by jbssfelix

Parking garage: 195,878 (sq ft)

That's....a lot of parking...

Coors Field + nearest proximity lot = metric shit ton of parking revenue.

[wong21fr]

Originally Posted by ejwill04

Excited to see this project next to Coors Field moving along. Mix of uses including retail, condos, office, and hotel. Anecdotally, it seems like we’re seeing a pick up in condo project proposals.

https://businessden.com/2018/06/06/rockies-release-more-details-for-lot-near-coors/

Speaking of exciting projects, has anyone heard if Trammel Crow is still moving ahead on their Market Street project? I recall that it was delayed when the lost an equity partner, but I'm hoping that it picks up steam soon. #repairthescar

[CherryCreek]

Originally Posted by ejwill04

Excited to see this project next to Coors Field moving along. Mix of uses including retail, condos, office, and hotel. Anecdotally, it seems like we’re seeing a pick up in condo project proposals.

https://businessden.com/2018/06/06/rockies-release-more-details-for-lot-near-coors/

This development with the Denver Milk Market really are game changers for this part of LoDo.

Love the look of the elevated glass walkway with video screen. Just wow.

More stuff on the Stantec website:
https://www.stantec.com/en/projects/united-states-projects/c/colorado-rockies-west-lot-development






Compare this to what's there now:

https://www.google.com/maps/@39.754983,-...Gn5LGPl0pG6FdpTHWyzYA!2e0!7i13312!8i6656

[mhays]

That might be 560 parking spaces based on 360 sf each (varies a lot). To break it down, here's one guess for how it might break out:
--110 for 114 condos
--210 for 210,000 sf of office (1 per 5 workers)
--150 for 300 hotel rooms (wild guess on room count) (some used by office tenants during day)
--100 public spaces that also serve event space and office workers

It actually seems pretty good. I thought Denver typically does more parking especially for offices.

As for baseball parking, I doubt it. Structured parking rarely pays for itself. They'd add what the other uses need/want, and baseball crowds would be a bit of added revenue to make things work. Some stadium-area garages in my city don't even open for games, because of the staffing, liability, letting the rabble in, etc.

[TakeFive]

Originally Posted by mhays

It actually seems pretty good. I thought Denver typically does more parking especially for offices.

As for baseball parking, I doubt it. Structured parking rarely pays for itself. They'd add what the other uses need/want, and baseball crowds would be a bit of added revenue to make things work. Some stadium-area garages in my city don't even open for games, because of the staffing, liability, letting the rabble in, etc.

Interesting breakout. Thanks!

If there's only a 100 or so publics spaces I would think they could sell as many as they want to as part of Rockies VIP ticket packages.

[EngiNerd]

Originally Posted by mhays

That might be 560 parking spaces based on 360 sf each (varies a lot). To break it down, here's one guess for how it might break out:
--110 for 114 condos
--210 for 210,000 sf of office (1 per 5 workers)
--150 for 300 hotel rooms (wild guess on room count) (some used by office tenants during day)
--100 public spaces that also serve event space and office workers

It actually seems pretty good. I thought Denver typically does more parking especially for offices.

As for baseball parking, I doubt it. Structured parking rarely pays for itself. They'd add what the other uses need/want, and baseball crowds would be a bit of added revenue to make things work. Some stadium-area garages in my city don't even open for games, because of the staffing, liability, letting the rabble in, etc.

The amount of parking seems appropriate, especially considering I count about 300 spaces in the current lot, so its really not that much added parking. And correct on the payoffs of structured parking, basically the only way structured parking ever pays off is if you have a long term owner that will hold onto it for 30+ years...or if you have a captive audience like at airports.

The Coors garage near 27th and Blake only opens for games...

[TakeFive]

Colorado anti-growth campaigner says he’s giving up on Initiative 66
June 6, 2018 by Andrew Kenney/Denverite

on Wednesday, CFRR took its first public action of the campaign: The group released a poll that said only 36 percent of likely voters would support the proposed ballot language.

“He best give up now,” said Rick Reiter, a consultant on the anti-campaign, in a news release.

And Hayes says:

Reached for comment, Hayes said that he had no hope of getting his item on the ballot, which would take nearly 100,000 signatures.

“It’s not going to happen. It’s too late,” he said.

Andrew also noted that the anti-campaign had raised nearly $500,000 since April.