DENVER | Main Development Thread #7

[mhays]

The description also fits Amazon. Just saying.

[Robert.hampton]

Originally Posted by mhays

The description also fits Amazon. Just saying.

Not so much the consolidating brands under one roof aspect.

[Robert.hampton]

Originally Posted by Robert.hampton

Not so much the consolidating brands under one roof aspect.

Looks like its VF Corp -- and it looks like they are coming! North Face, SmartWool, Jasnport, Timberland etc. Quite the grab by Denver, 800 jobs at nearly 200k! Now the big question -- where are they going to build!

[wong21fr]

Originally Posted by Robert.hampton

Looks like its VF Corp -- and it looks like they are coming! North Face, SmartWool, Jasnport, Timberland etc. Quite the grab by Denver, 800 jobs at nearly 200k! Now the big question -- where are they going to build!

I see mention of $200M being spent on an office, including an innovation center. RiNo seems like a logical fit as would a 🞵🞵🞵🞵🞵🞵🞵 custom built skyscraper in downtown such as T2 (come on!). The NW corridor would make sense as well from an outdoor perspective and lifestyle fit.

Please don't opt for the southern suburbs.

This is a great coup for Denver and shows the benefits of netting the Outdoor Retail Show from SLC. Now to try and entice a few more outdoor wear companies such as Patagonia, Cotpaxi, etc.

[CherryCreek]

Originally Posted by wong21fr

I see mention of $200M being spent on an office, including an innovation center. RiNo seems like a logical fit as would a 🞵🞵🞵🞵🞵🞵🞵 custom built skyscraper in downtown such as T2 (come on!). The NW corridor would make sense as well from an outdoor perspective and lifestyle fit.

Please don't opt for the southern suburbs.

This is a great coup for Denver and shows the benefits of netting the Outdoor Retail Show from SLC. Now to try and entice a few more outdoor wear companies such as Patagonia, Cotpaxi, etc.

Great news for sure. T2 would be a natural for them, as would some of the new RiNO offices (not sure about current availability). I love how Denver is diversifying. The 1980s oil collapse and the epic empty office tower shells are a long ago, distant memory. The most recent downturn in the oil market was hardly noticed. Denver now has energy + a whole lot more - that's a real formula for long term, steady growth.

[twister244]

Recall Hines is looking to build a fairly sizeable building in RiNo:

https://businessden.com/2018/08/02/rino-parcel-under-contract-to-office-developer/

If they do decide to relocate to RiNo, this may be a good spot for them.

[BG918]

Originally Posted by twister244

Recall Hines is looking to build a fairly sizeable building in RiNo:

https://businessden.com/2018/08/02/rino-parcel-under-contract-to-office-developer/

If they do decide to relocate to RiNo, this may be a good spot for them.

There is also a large office component with the WTC at 38th & Blake and proposals for the Giambrocco site at 37th & Wynkoop include an office tower. That could be quite the cluster in a few years especially with the new zoning.

[TakeFive]

Buh-Bye


Source

Lee and Wrangler jeans get the boot as VF Corp moves to Denver
August 13, 2018 by Jordan Valinsky/CNN Money

The company that makes Vans sneakers and The North Face jackets is moving its headquarters to Denver.

The apparel company announced the move from North Carolina Monday and said it was spinning off its denim brands into an independent company. VF will focus on its more profitable activewear and outdoor brands, which grew by 25% last quarter and generated $11 billion in annual revenue.

Vans are hot, hot hot. Wait... wut?

Vans, which will remain headquartered in Costa Mesa, California, has been a bright spot for VF. Sales for the sneaker company rose 35% last quarter. The sales boom follows a pattern of consumers choosing more athleisure and retro-inspired clothing options.

VF Sheds Its Wrangler Jeans. But for What?
August 13, 2018 By Brooke Sutherland/Bloomberg

VF Corp.’s brands are better known than the company itself. And it just shed some big ones.

The $36 billion company behind North Face jackets and Vans shoes on Monday announced it would sharpen its focus on outdoor and active wear by spinning off its jeans division. This unit includes the Lee and Wrangler labels, both of which VF has owned for decades, and generates more than $2.5 billion of annual revenue, or almost 19 percent of total company sales. It’s only the latest divestiture for VF, which in the past two years has sold off labels including 7 for All Mankind, Splendid, Nautica and Majestic licensed sports apparel.

Fascinating corporate reorganization.

But yes, Yuge win for Denver.

[TakeFive]

U.S. Space Standards

http://www.atworkofficeinteriors.ca/file...g-office-space-standards-white-paper.pdf
Job function Space per employee

• Upper management 289 sq. ft. / 26.9m2 280 sq. ft. / 26.0 m2
• Senior management 200 sq. ft. / 18.6m2 193 sq. ft. / 17.9 m2
• Middle management 151 sq. ft. / 14.0 m2 142 sq. ft. / 13.2 m2
• Senior professional 115 sq. ft. / 10.7 m2 114 sq. ft. / 10.6 m2

I'll take a stab and use 200-220 sq. ft. per person which for 800 employees would amount to between 160-176K SF.

Originally Posted by twister244

Recall Hines is looking to build a fairly sizeable building in RiNo:

https://businessden.com/2018/08/02/rino-parcel-under-contract-to-office-developer/

If they do decide to relocate to RiNo, this may be a good spot for them.

This would seem to be ideal for both style and size. Block 162 would work nice too.

[twister244]

Originally Posted by BG918

There is also a large office component with the WTC at 38th & Blake and proposals for the Giambrocco site at 37th & Wynkoop include an office tower. That could be quite the cluster in a few years especially with the new zoning.

Correct me if I am wrong, but didn't the Giambrocco proposal fall through?

[CherryCreek]

Originally Posted by twister244

Correct me if I am wrong, but didn't the Giambrocco proposal fall through?

As someone noted on here not so long ago, so many of these "proposals" are mere conceptual vehicles trying to drum up buyer/investor/developer/end user interest. So it's hard to say when something has "failed" if it's unclear how much substance was behind it in the first place.

I think of a development as "falling through" when there was real money, momentum and a credible development plan around it that was likely to go forward, but then failed for some unexpected reason, or due to cold feet of a key party.

I doubt that Giambrocco was in that category, but perhaps others on here have different knowledge.

[TakeFive]

Photo credit: Kevin J. Beaty/Denverite

If you had to make a choice between the recently topped off Modera CapHill and the above classic, which would it be?


Meanwhile by special request for Robert.hampton's new fave, Denver Infill has presented this dandy update.


Source

[BG918]

Originally Posted by CherryCreek

As someone noted on here not so long ago, so many of these "proposals" are mere conceptual vehicles trying to drum up buyer/investor/developer/end user interest. So it's hard to say when something has "failed" if it's unclear how much substance was behind it in the first place.

I think of a development as "falling through" when there was real money, momentum and a credible development plan around it that was likely to go forward, but then failed for some unexpected reason, or due to cold feet of a key party.

I doubt that Giambrocco was in that category, but perhaps others on here have different knowledge.

Like a lot of RiNo developments it's still in the conceptual phase but the latest plans I've heard for the Giambrocco site include an office building. Part of the upzoning that will eventually create a mini-DUS around the 38th & Blake station. Not all of it will happen this cycle but there could be a couple that pop up within the next 1-2 years. Giambrocco is probably part of the next cycle however..



https://denverite.com/2016/09/20/developers-can-now-go-tall-38th/

[TakeFive]

Courtesy Revesco Properties

Denver council OKs River Mile’s taxing districts, paving way for project’s funding
Aug 13 2018 by Esteban L. Hernandez/Denverite

The massive River Mile project took a step forward on Monday as the City Council approved a bill establishing six metro districts developers hope will ensure funding for its eventual development.

Council members only had a few questions about its development. Monday’s decision is the start of a longer process that will require additional approvals.

[Denveropolis]

Originally Posted by takefive

courtesy revesco properties

denver council oks river mile’s taxing districts, paving way for project’s funding
aug 13 2018 by esteban l. Hernandez/denverite

amazon

[twister244]

Originally Posted by Denveropolis

amazon

+1

It's pretty obvious now the city is moving this along as fast as possible because they have pitched this as the top site for Amazon to build HQ2. I don't follow city votes, but 12-0 seems like a rare occurrence for something of this size and nature.

[Denveropolis]

Originally Posted by twister244

+1

It's pretty obvious now the city is moving this along as fast as possible because they have pitched this as the top site for Amazon to build HQ2. I don't follow city votes, but 12-0 seems like a rare occurrence for something of this size and nature.

It is very rare when this city council votes unanimously on anything. Even on an earlier vote to change the city master plan for this project, the vote was 11-0. Other Amazon finalist cities have recently expressed frustration with not hearing a peep from Amazon since their site visits. This tells me that Denver is still having regular dialogue with Amazon.

[wong21fr]

Originally Posted by CherryCreek

Great news for sure. T2 would be a natural for them, as would some of the new RiNO offices (not sure about current availability). I love how Denver is diversifying. The 1980s oil collapse and the epic empty office tower shells are a long ago, distant memory. The most recent downturn in the oil market was hardly noticed. Denver now has energy + a whole lot more - that's a real formula for long term, steady growth.

Looks life VF Corp wants to build it's HQ in an enterprise zone to maximize corporate subsidies/tax breaks. That would remove DT from contention, but (interestingly) there are enterprise zones at 38th & Blake, River Mile, and I-25 & Broadway.

I'm thinking that VF Corp needs somewhere around 300K sq ft for employees and the innovation center that was mentioned. So the World Trade Center and Rock Drill come to mind for RiNo- though World Trade Center would probably be a Phase 2 option as Phase I doesn't have enough room I believe. River Mile could throw something into the mix. And an unannounced project at I-25 and Broadway could be considered.

There's also plenty of Enterprise Zone land in north Aurora approaching DIA, but let's be hopeful that VF Corp doesn't want that kind of 🞵🞵🞵🞵 development.

[Curtis Park]

Being a lover of density, and if I had to choose, I'd go for Modera. But I also love some of those fairly plane mid century places around cap hill. BTW, this demo photo is not of a classic. It's a 90s building which was quite ugly to begin with.

Originally Posted by TakeFive

Photo credit: Kevin J. Beaty/Denverite

If you had to make a choice between the recently topped off Modera CapHill and the above classic, which would it be?


Meanwhile by special request for Robert.hampton's new fave, Denver Infill has presented this dandy update.


Source

[TakeFive]

Originally Posted by wong21fr

Looks life VF Corp wants to build it's HQ in an enterprise zone to maximize corporate subsidies/tax breaks. That would remove DT from contention, but (interestingly) there are enterprise zones at 38th & Blake, River Mile, and I-25 & Broadway.

Confusion afoot.

Job One
In order to meet all the SEC requirements and investor relations expectations I'm sure there's been a small army of lawyers and accountants preparing for the spinoff.

It appears they've had more of a corporate campus but try finding pics. The only image I could find for VF Corp

From yesterday's Triad Business Journal
https://www.bizjournals.com/triad/news/2...eaders-focus-on-silver-lining-in-vf.html

In this case, that silver lining will be that Greensboro is poised to get a new publicly traded company comprised of the jeanswear businesses, uniting Wrangler with Lee, which would move 85 people from Kansas City to Greensboro. That will roughly offset the number of high-level jobs expected to relocate from Greensboro to Denver.

"VF has reaffirmed its commitment to Greensboro," Vaughan said. "Greensboro is Jeansboro."

What's the current employee splits and who's staying?

Of VF's 1,390 employees in Greensboro, 630 work for VF's corporate office and 760 work for the jeans brands, the spokeswoman said. VF, which moved its headquarters to Greensboro in 1998, said 85 high-ranking executives will move to Colorado.

Did Denver out-hustle The Triad?

Christensen said the topic of keeping VF's headquarters in Greensboro "was never brought up to us.” It's unclear whether the state considered any incentives to keep VF in North Carolina, or add the 800 jobs here.

Not sure they've even decided but the 'innovation center' could be totally separate, unless they prefer a campus setting by locating in Broomfield, for example. What does seem obvious is that VF wants to be a leading innovator of outdoor and athleisure stuff and hopes to create more of a 'nimble' environment.