DENVER | Main Development Thread #7 - Page 238

TakeFive · #**4741** Posted **Feb 7, 2019, 6:54 PM**

Quote:

Originally Posted by wong21fr

Might be because Callahan Capital Partners was acquired by Ivanhoe Cambridge. That would have delayed any further steps in the development process as they went through the acquisition process.

Found this:

https://www.pionline.com/article/2018041...ehouses-to-boost-assets-33-in-amazon-era

Quote:

"Industrial is the most global thing that we could imagine doing," Ms. Palladitcheff said in an interview at Bloomberg's Montreal office. "It's a natural hedge to shopping centers because of e-commerce and the evolution of the way people are consuming."

Ivanhoe plans to double its industrial portfolio to more than C$4 billion by the end of the year, Ms. Palladitcheff said. The Montreal-based company is already in talks to partner with Blackstone Group in a C$2.48 billion cash deal to take Vancouver-based Pure Industrial Real Estate Trust private, a spokesman for Ivanhoe confirmed.

They're more of an asset management fund although they do some development. No reason why they shouldn't be interested in Denver though.

corey · #**4742** Posted **Feb 7, 2019, 7:04 PM**

I’m really glad to hear that 1637 Blake Street is being redeveloped. There are actually two parking lots there. Hopefully this project incorporates both lots. It is such a “missing tooth” along Blake Street. Hopefully a new project is in the works for the corner of 17th and Blake as well. If the half block parking lot on Market Street between 18th and 19th ever gets built on then there are only a handful of corner parking lots spread around LoDo left. The two lots across from one another on Wazee at 16th, the lot at 15th and Blake (next to Kinko’s), and the lot at 18th and Wazee would be the few lots I would love to redeveloped eventually. I’ve always thought that the Jet Hotel could easily expand onto the adjacent lot (16th and Wazee).

wong21fr · #**4743** Posted **Feb 7, 2019, 9:07 PM**

Nice little catch here:

Kiewit to locate new 1,100-employee regional headquarters in Lone Tree

Quote:

Kiewit, a top construction and engineering company nationally and a familiar player in the Colorado market, said Thursday that it will locate a new regional headquarters in Lone Tree. The new campus, to be located next to the Sky Ridge Light Rail Station in Douglas County, will host 1,100 employees. Of that total, 200 are expected to be new hires made over the coming year.
Kiewit, which is based in Omaha, Nebraska, attributed its decision to locate the regional headquarters in Colorado versus Texas, Nebraska and Kansas to the state’s depth in engineering talent and the ability of programs at its colleges and universities to product specialized talent.

This almost makes up for the loss of CH2M's HQ along the SE Corridor.

DenvertoLA · #**4744** Posted **Feb 7, 2019, 10:00 PM**

Quote:

Originally Posted by Denvergotback

That would make sense. Their website doesn't even show TwoTabor on it: https://www.ivanhoecambridge.com/en/office-buildings/projects

But I guess that could be an effect from not transferring the project over yet.

I don't think that is the case. The website for Two Tabor has the Ivanhoe Cambridge logo all over it. It took block 162 a fair amount of time to get off the ground. I would give T2 till this summer to get moving.

DenvertoLA · #**4745** Posted **Feb 7, 2019, 11:49 PM**

So walking to my go to coffee house today I noticed the Moxy hotel here in San Diego. It stuck out to me because the Denverfillin's latest post shows how disgusting the Moxy in Cherry Creek looks

compared to the one out here.

Here is the Moxy in SD

https://goo.gl/images/m3xLdj

There has to be something that can be done to stop these crap projects

semiurban · #**4746** Posted **Feb 8, 2019, 12:31 AM**

Quote:

Originally Posted by DenvertoLA

So walking to my go to coffee house today I noticed the Moxy hotel here in San Diego. It stuck out to me because the Denverfillin's latest post shows how disgusting the Moxy in Cherry Creek looks

compared to the one out here.

Here is the Moxy in SD

https://goo.gl/images/m3xLdj

There has to be something that can be done to stop these crap projects

Wow, what makes it hurt even more is that the SD finished product even looks better than their renderings. That rarely happens in Denver.

twister244 · #**4747** Posted **Feb 8, 2019, 4:18 AM**

Quote:

Originally Posted by rds70

A couple of new development proposals submitted to Denver in the past week:

1637 Blake St.:

19th and Clay:

19th and Clay?....... Um?......

The only thing I can think of here is this is part of the stadium district design to turn the parking lots around Mile High into a new district? However.... I was under the impression that was going to be focused mostly on the southern half of the parking lots, not the North half. Hence..... this is a bit confusing.

rds70 · #**4748** Posted **Feb 8, 2019, 4:55 AM**

Quote:

Originally Posted by twister244

19th and Clay?....... Um?......

The only thing I can think of here is this is part of the stadium district design to turn the parking lots around Mile High into a new district? However.... I was under the impression that was going to be focused mostly on the southern half of the parking lots, not the North half. Hence..... this is a bit confusing.

It is the property just south of Turntable. It is not owned by the stadium district.

TakeFive · #**4749** Posted **Feb 8, 2019, 5:52 AM**

Quote:

Originally Posted by wong21fr

Nice little catch here:

Kiewit to locate new 1,100-employee regional headquarters in Lone Tree

This almost makes up for the loss of CH2M's HQ along the SE Corridor.

Good to hear. It's like they looked at a quarter pie from South to West and not too far from home to pick from.

Speaking of CH2M, Kiewit also replaces them as an employee owned company.

Ich · #**4750** Posted **Feb 8, 2019, 8:08 AM**

Quote:

Originally Posted by semiurban

Wow, what makes it hurt even more is that the SD finished product even looks better than their renderings. That rarely happens in Denver.

Maybe it had to with financing. Denver one, they had to consider an exterior that was viewable from all four sides. San Diego they only really had to put money into one or two side as it looks like it’s in between two buildings. Agree the SD one looks better but I don’t think the in CC is as bad as you all make it out to be. And if they built a tall building on the other lot, you’d barely notice it.

DenverInfill · #**4751** Posted **Feb 8, 2019, 2:49 PM**

Quote:

Originally Posted by DenvertoLA

So walking to my go to coffee house today I noticed the Moxy hotel here in San Diego. It stuck out to me because the Denverfillin's latest post shows how disgusting the Moxy in Cherry Creek looks

compared to the one out here.

Here is the Moxy in SD

https://goo.gl/images/m3xLdj

There has to be something that can be done to stop these crap projects

You think that San Diego Moxy looks good? Yuck, I think it's a mess.

TakeFive · #**4752** Posted **Feb 8, 2019, 3:17 PM**

Quote:

Originally Posted by DenverInfill

You think that San Diego Moxy looks good? Yuck, I think it's a mess.

Then when you compare street presence, remembering this is in Cherry Creek and not downtown.

Props to RyanD/DenverInfill

InfillJunkie · #**4753** Posted **Feb 8, 2019, 4:09 PM**

Quote:

Originally Posted by DenverInfill

You think that San Diego Moxy looks good? Yuck, I think it's a mess.

Agreed

CherryCreek · #**4754** Posted **Feb 8, 2019, 4:30 PM**

Quote:

Originally Posted by TakeFive

Then when you compare street presence, remembering this is in Cherry Creek and not downtown.

Props to RyanD/DenverInfill

I like the Moxy! Sure, It could have been better, but I think its nice addition along University/Josephine.

derek.berardi · #**4755** Posted **Feb 8, 2019, 6:16 PM**

The Moxy is kinda cool at the ground level. With all do respect though, the building looks like it's made of drywall. Totally flat and the design seems uninspired. The San Diego building is glass, brick, metal and has very modern accents. I would venture to say it even pushes into looking high design compared to the Cherry Creek one.

twister244 · #**4756** Posted **Feb 8, 2019, 6:56 PM**

No news here about River Mile, but a nice refresher on where things stand:

https://www.denverpost.com/2019/02/08/river-mile-elitch-gardens-whats-next/

I look forward to seeing this project evolve over the coming months/years. Hell, if I am still in Denver in a few years, I may try to get in on a condo down there!

In other news, it appears NYC Amazon HQ2 may be in trouble - https://www.businessinsider.com/amazon-hq2-deal-nyc-facing-trouble-2019-2

Not directly tied to Denver. But... if Amazon suddenly decided NY is not a good fit for them based on local politics, perhaps they could split that up into smaller offices, maybe one in Denver....

RyanD · #**4757** Posted **Feb 8, 2019, 9:17 PM**

Quote:

Originally Posted by DenvertoLA

I don't think that is the case. The website for Two Tabor has the Ivanhoe Cambridge logo all over it. It took block 162 a fair amount of time to get off the ground. I would give T2 till this summer to get moving.

A concept and site development plan for T2 was filed in March / May last year. It hasn't moved since. With 162 underway and 1144 still having a bit of space, I'm a bit skeptical of T2 getting off the ground.

Valley Highway · #**4758** Posted **Feb 8, 2019, 9:48 PM**

Quote:

Originally Posted by vblack

I'm a longtime occasional lurker here, but have been interested in Denver development, tall buildings specifically, for many decades.

I used to keep track (via typewriter) of all the new projects that occurred in the early 1980s. That was fun.

Anyway, I'm curious if anyone else here has this poster:

https://i.imgur.com/MnocZ8U.jpg

Yep, I saved that one for many years. Probably still have it tucked away in some file cabinet. But I'm still pining for something in the 70+ stories category. Got all excited about 650 17th until that flamed out.

SirLucasTheGreat · #**4759** Posted **Feb 8, 2019, 9:53 PM**

Isn't the demand for office space crazy high right now? Residential might be getting saturated but I thought that Denver had one of the highest office absorption rates. It seems like a lot of the commercial real estate is going outside of the CBD.

rds70 · #**4760** Posted **Feb 8, 2019, 10:06 PM**

The old CenturyLink building on 15th street to be redeveloped. Per the Denver Business Journal:

Quote:

A mostly-vacant 12-story office building at 930 15th St. is slated for a facelift after being purchased from CenturyLink (NYSE: CTL).

The property located at the corner of 15th and Curtis streets sold for $22.5 million in mid-January, according to Denver County public records.

The new ownership plans turn the 223,000-square-foot building into creative office space, according to a news release from investor Square Mile Capital Management.

The redevelopment will include “the addition of a floor-to-ceiling glass curtain wall system, elevator modernization, upgraded building systems, installation of parking stalls through the utilization of stackers, a remodeled lobby and tenant lounge, a new amenity deck with fitness center and rooftop terrace and a conference center,” the release said.

A site development plan describing these changes was filed with the city on Jan. 29.

Gensler Architects will be leading the design of the project.

An affiliate of Rialto Capital Management, a Miami real estate investment and asset management company, secured a $54.6 million loan from New York City-based real estate and investment management firm Square Mile Capital Management for the project.

“This was an ideal investment opportunity for us. Downtown Denver is a dynamic commercial office market that we find extremely attractive,” Matthew Drummond, the managing director of Square Mile Capital, said in the news release. “It’s also a market where the current demand for flexible creative office product is very strong. Rialto has a sterling track record and a compelling plan to meet that demand through the re-creation of this well-located boutique building.”