DENVER | Main Development Thread #7

[Valley Highway]

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]

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]

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

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.”

[Fritzdude]

Originally Posted by rds70

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

Wow... this is awesome! This building has been vastly underutilized and a dead spot so close to the Theater District. Glad to see this coming to life. Now if they can only do something with the Federal Reserve building.

[CherryCreek]

Originally Posted by rds70

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

What a gorgeous redevelopment plan. Love it.

[rds70]

Here is a rendering of 930 15th:

[CastleScott]

^ Nice!! Thanks rds70

[jimijam35]

thats looks nice- i wish they do something about the att bulding on 14th /champa- ugly

[CherryCreek]

For comparison, here's the building today:

[DenvertoLA]

Originally Posted by RyanD

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.

How many more paper filing milestones does it need to go though? Are there signs that the project has gone cold that the layperson wouldn't know about ?

[Orlando]

Originally Posted by DenverInfill

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

How about the Seattle Moxy?

[DenvertoLA]

I'd say they're all better than Denver's Moxy. That outdoor patio is nice, but the building itself looks like a design on a $5 pillow.

[InfillJunkie]

Originally Posted by DenvertoLA

I'd say they're all better than Denver's Moxy. That outdoor patio is nice, but the building itself looks like a design on a $5 pillow.

A $5 pillow? I don't even think you can find a $5 pillow at Walmart these days. Now, maybe you can buy a pillow for $5 at a garage sale, but who would want that?

The design really is not all that bad. I think it fits in well with the surrounding area. I've stayed at the Moxy twice now and I know the interior vibe doesn't make excuses for what may be considered a bad exterior design; however, I really enjoyed the quirky rooms, the outdoor patio and fire-pit and the loud rambunctious crowd in the bar.

I think San Diego's Moxy looks like an old tired SRO where a blind person screwed in those slats right above the entrance. Nothing against blind people...let's be clear about that.

Oh and Seattle's looks like an Aloft that's having a seizure.

Alas, that's my architectural critique for today.

[TakeFive]

Originally Posted by InfillJunkie

A $5 pillow? I don't even think you can find a $5 pillow at Walmart these days. Now, maybe you can buy a pillow for $5 at a garage sale, but who would want that?

The design really is not all that bad. I think it fits in well with the surrounding area. I've stayed at the Moxy twice now and I know the interior vibe doesn't make excuses for what may be considered a bad exterior design; however, I really enjoyed the quirky rooms, the outdoor patio and fire-pit and the loud rambunctious crowd in the bar.

I think San Diego's Moxy looks like an old tired SRO where a blind person screwed in those slats right above the entrance. Nothing against blind people...let's be clear about that.

Oh and Seattle's looks like an Aloft that's having a seizure.

Alas, that's my architectural critique for today.

Walmart had some $5 pillows specialled over the Holidays and for the record my pillows have nothing to do with any Moxy.

So far as your critique, I'd say you have a discerning eye.

Perhaps everybody's preoccupation with Moxy is why everybody missed this week's really big deal land purchase.

[DenverInfill]

The Seattle one is OK but nothing special.

[CastleScott]

Perhaps everybody's preoccupation with Moxy is why everybody missed this week's really big deal land purchase.

Since real palm trees don't do well here some steel crisscrossed palm trees should look very nice in that cold climate in north Colorado Springs (much like the ones sitting on the NE corner of 88th and Wadsworth in Westminster). In-and-Out will be a BIG hit there-I enjoy the ones around Sacramento (Sacto) very much.

[mhays]

I like the Seattle one because it packs some real punch for a building its size...140 rooms, no parking.

[bulldurhamer]

WTC guy in recent interview says groundbreaking in March in RiNo.

Also, the lot next to the liquor store there is being torn up. Walnut St lofts getting going I guess. https://walnutstreetlofts.com/

[bulldurhamer]

https://denverite.com/2019/01/29/a-grocery-store-in-cole-will-mean-an-oasis-in-denvers-food-desert/

King Soopers coming to the neighborhood!

Now the big question, when the hell is that horrible grocery store block we already have going to be developed? brand new family dollar moved in so i guess it won't be soon. sad.

[SirLucasTheGreat]

I'm excited to see 15th Street progress as a commercial corridor downtown with 1144, Block 162, and the upcoming remodel of 930 15th Street. I used to live downtown in 2010-2012 and 15th always felt relatively grungy compared to the other main streets.