DENVER | Main Development Thread #7

[The Dirt]

Originally Posted by rds70

After a year or so of inactivity, it looks like the 19th and Grant hotel (Ace?) might be moving forward again. There has been activity on the building permit over the last month, with all of the major sign-offs taking place. The last one was on February 19th.

They were looking for DURA money, so it looks like they finally got it. Happy to see this move forward again.

[Robert.hampton]

Originally Posted by The Dirt

They were looking for DURA money, so it looks like they finally got it. Happy to see this move forward again.

Great news! Its a modest project but one I was most hoping for -- and badly needed as that school has been sitting around derelict for years now. I think its going to fit it perfectly in that neighborhood.

[Robert.hampton]

Originally Posted by rds70

Route 40 Apartments - Per the Denver Business Journal :

Glad something is (hopefully) finally happening again. This and the Kairoi project will be transformative for that section of colfax and maybe kickstart some more renewal on other parts of the street. Seems like it could turn out nice and unique if they use quality materials.... though I do think the last iteration was a bit nicer/more ambitious.

[rds70]

A new concept plan submittal:

1300 Cherokee, northeast corner of 13th and Cherokee.

Concept - 16 Story residential apartment building with approximately 7,000 sf of commercial space at grade with 4 levels of parking.

217 units, 181 feet tall.

The architect is The Preston Partnership, the architect for Glasshouse.

[TakeFive]

Originally Posted by rds70

A new concept plan submittal:

1300 Cherokee, northeast corner of 13th and Cherokee.

217 units, 181 feet tall.

The architect is The Preston Partnership, the architect for Glasshouse.

You're full of good news today. Bye bye parking lot.

[TakeFive]

This a little freaky

Originally Posted by CherryCreek

I think a signifcant global supply disruption is now unavoidable. This is a very rapidly developing situation. People in Wuhan have been locked in their homes for a month now. If a similar situation happens across China and around the world we are looking a very major disruption of the global economy.

https://www.reuters.com/article/us-china...eks-after-initial-recovery-idUSKCN20L0BI

TOKYO (Reuters) - A woman working as a tour-bus guide in Japan has tested positive for the coronavirus for a second time... The woman, a resident of Osaka, in western Japan, tested positive on Wednesday after developing a sore throat and chest pains... She first tested positive in late January and was discharged from hospital after recovering on Feb. 1

Here's the freaky part, although speculative at this time.

“Once you have the infection, it could remain dormant and with minimal symptoms, and then you can get an exacerbation if it finds its way into the lungs,” said Philip Tierno Jr., Professor of Microbiology and Pathology at NYU School of Medicine.

Tierno said much remains unknown about the virus. “I’m not certain that this is not bi-phasic, like anthrax,” he said, meaning the disease appears to go away before recurring.

Let's hope like most influenza viruses that as the seasons change the coronavirus will fade away.

[SirLucasTheGreat]

That's exciting about Golden Triangle! This neighborhood is blowing up. I'm also hopeful that the architect of the glasshouse can produce a building more appealing than Civic Lofts

[TakeFive]

Beacon Capital Partners is your new Tabor Center owner

Ivanhoe Cambridge sells stake in 30-story Tabor Center
February 27, 2020 By Thomas Gounley - BusinessDen

Canadian real estate firm Ivanhoe Cambridge has sold its stake in downtown Denver’s Tabor Center office tower, along with the pad where a long-planned sister tower could be built.

Beacon Capital, whose Denver holdings include the Wells Fargo Center and The Hub, has added the Tabor Center to the portfolio section of its website.

[laniroj]

Originally Posted by bulldurhamer

i bet the crescent project next to the industry building will be happening soon enough too. they get stuff done and there's a poster here who seems connected and has more information about it than is public.


anybody have any idea about denver rock drill?

Rock Drill needs a giant anchor office tenant to move forward, which to my knowledge they've been unable to procure as of yet - some of this nearby activity may change that once these projects get built in a couple years. Given it's a long time property owner (who is entirely undercapitalized for the scale of the proposed development) and a general contractor acting as developer, I don't think Rock Drill is happening anytime soon with the current team. Really hope it does though, cool potential.

[SirLucasTheGreat]

Seems like some of the projects that wanted an anchor tenant, such as One Platte and T3, decided to go spec. I hope that Santa Fe Yards does the same but it is likely far too many square feet to secure financing without an anchor tenant. That's my uninformed assumption as someone who is not professionally involved in real estate or finance.

[SirLucasTheGreat]

By the way, looks like Bannock Street is going to close to cars in front of the City and County building.

https://denverite.com/2020/02/27/the-street-in-front-of-denvers-city-hall-will-close-to-cars/

[TakeFive]

Affordable Condos in Uptown

https://milehighcre.com/denver-developer-unveils-modular-condo-development-in-uptown/

Priced from the mid $200s, pre-sales for The Nightingale are scheduled for Saturday, February 29 and Sunday, March 1 from noon to 4pm at HDC’s corporate office next to the building site.

Locally owned and operated Denver area developer, Highland Development Company (HDC), will break ground this spring on its innovative new modular condo building in Uptown Denver, The Nightingale, named in honor of Florence Nightingale.

Location

• 2120 N DOWNING ST
  DENVER, CO 80205

Developer website

[The Dirt]

Lol I love how they decided that this property is in Uptown instead of Five Points, then labeled Uptown using the official city neighborhood name of North Capitol Hill.

[SirLucasTheGreat]

Does anyone know what is up with the planned hotel at 3560 Brighton? I saw on BusinessDen that they had a groundbreaking ceremony but nothing has happened on the lot since August.

[wong21fr]

Originally Posted by The Dirt

Lol I love how they decided that this property is in Uptown instead of Five Points, then labeled Uptown using the official city neighborhood name of North Capitol Hill.

It's actually located in City Park West if you want to quibble about it.

[wong21fr]

Originally Posted by SirLucasTheGreat

Seems like some of the projects that wanted an anchor tenant, such as One Platte and T3, decided to go spec. I hope that Santa Fe Yards does the same but it is likely far too many square feet to secure financing without an anchor tenant. That's my uninformed assumption as someone who is not professionally involved in real estate or finance.

Both of those project also have major partners with enough equity to go spec, but are still marketing to multiple tenants. Santa Fe Yards is totally different as they positioned it exclusively as a build-to-suit for a single tenant. They probably are willing to go with multiple tenants at a point, but probably want to secure an organization that will at least grab a couple of the buildings.

[Agent Orange]

Originally Posted by SirLucasTheGreat

By the way, looks like Bannock Street is going to close to cars in front of the City and County building.

https://denverite.com/2020/02/27/the-street-in-front-of-denvers-city-hall-will-close-to-cars/

That's great news. I'd also like to see parking shut down around the Capitol and have that asphalt converted to a plaza.

[wong21fr]

Originally Posted by SirLucasTheGreat

Does anyone know what is up with the planned hotel at 3560 Brighton? I saw on BusinessDen that they had a groundbreaking ceremony but nothing has happened on the lot since August.

The construction permit was issued in October- so who knows what the holdup is. Could be a scheduling issue with the contractor.

[SirLucasTheGreat]

Here is a rendering of what Bannock might end up looking like on a non-special event day

[The Dirt]

Originally Posted by wong21fr

It's actually located in City Park West if you want to quibble about it.

Actually, you're right. Would have been a perfect time to create a new acronym. CPW? CiPaWe? C*Park?