DENVER | Main Development Thread #7

[TakeFive]

New Residential High Rise Breaks Ground in Office-Heavy Tech Center
July 5, 2022 - Mile High CRE

Araceli
4552 So Ulster


Rendering courtesy of KTGY

Today, project partners celebrated the groundbreaking of Araceli, a modern apartment community in the Denver Tech Center. The project is significant because of the lack of residential options in the neighborhood. The building solves a need for convenient housing for those who work in the office-rich area.

KTGY, a leading full-service architecture, branding, interior and planning firm is the project architect. KTGY partnered with Legacy Partners (developer), Catamount Constructors (general contractor), Prescient (light gauge steel structure Designer/ Fabricator), Jordan & Skala Engineers (MEP), Studio 10 Interior Design (interiors), S. A. Miro (structural engineer), Terracon (geotechnical) and Kimley-Horn (landscape and civil engineer).

Pretty Interesting given the site.

Due to the small site with significant grade, KTGY took advantage of the slope to create a basement level, resulting in an approved building that appears to be 13-stories from the west and 12-stories from the east. Further, the KTGY team had to design within a unique triangle-shaped lot. The result is a building with two distinct wings. The west wing features a strong grid-like façade with red brick and contrasting gray metal, creating a sophisticated repetition; the east wing brings in the gray metal but alternates it with various-sized windows and balconies in orderly stacks.

The 236 one- to three-bedroom-plus-den units feature built-in desks and workspaces to accommodate the new hybrid work model.

[TakeFive]

New downtown development

Downtown Distribution Center
5601 Franklin Street


Courtesy of Cushman & Wakefield.

Phoenix-Based ViaWest Group Enters Denver Market
July 6, 2022 - Mile High CRE

Phoenix-based ViaWest Group, a full-service commercial real estate investment, development, and property management firm, will construct its first project in Denver, just north of downtown. The 134,400-square-foot Class A industrial facility will be named the Downtown Distribution Center.

Downtown Distribution Center will feature modern design and functionality for today’s logistics/distribution occupiers, including 32’ clear height, 28 docks high and 2 drive-in doors, heavy power, ESFR Sprinklers, ample trailer and auto parking, clerestory windows, and Class A office space built to spec.

[mishko27]

Originally Posted by TakeFive

New Residential High Rise Breaks Ground in Office-Heavy Tech Center
July 5, 2022 - Mile High CRE

Araceli
4552 So Ulster


Rendering courtesy of KTGY




Pretty Interesting given the site.

This is hopefully the future of DTC - fill in some of the parking lots with sizeable apartment and condo buildings, making this whole part of the city much more urbanized and walkable. I wish the city had a stronger vision as to what DTC looks like, because developers are creating their own pockets of walkability east of 25, rather than creating a strong urban core like Belleview Station. With enough density, though, it won't matter.

[Denver]

Originally Posted by mishko27

This is hopefully the future of DTC - fill in some of the parking lots with sizeable apartment and condo buildings, making this whole part of the city much more urbanized and walkable. I wish the city had a stronger vision as to what DTC looks like, because developers are creating their own pockets of walkability east of 25, rather than creating a strong urban core like Belleview Station. With enough density, though, it won't matter.

I think this will be the future for everything North of Belleview. I do not see Greenwood Village allowing anything like this anytime soon.

[TakeFive]

Part of the problem for north of Belleview is that much of the original development was of more moderate density.

I couldn't find any updates on Shea Properties rezoning request for Marina Square that happened in March of this year.

I can recall a few non-descript Colotexture buildings among a sea of parking. I think it may be the 'block' north of Union, east of S Ulster, west of DTC Pkwy that could make for a great mixed use development - some day.

Another area that could redevelopment nicely is north of I-225 and south of Quincy Ave west of DTC Blvd.

One of the nice things in preserving much of what is there is that as the landscape has matured over the years it's rocks.

[TakeFive]

Houston-based Hines and Chicago-based Cresset Partners paid $26 million for second project site near Mission Ballroom
July 7, 2022 By Thomas Gounley/BusinessDen



Image courtesy of Hines

[the] firms building a large apartment complex next to the Mission Ballroom concert venue in RiNo have bought land to do it again. The firms plan to build a 10-story, 392-unit apartment complex by the RiNo concert venue.

[Denver]

Construction Permits were just issues for a new hotel at 13th and Glenarm (previously reported by DI).

https://denverinfill.com/2019/03/new-project-13th-glenarm-hotel.html

I have found a rendering. Pretty meh but I guess it is better than a parking lot.

[DenvertoLA]

Originally Posted by Denver

Construction Permits were just issues for a new hotel at 13th and Glenarm (previously reported by DI).

https://denverinfill.com/2019/03/new-project-13th-glenarm-hotel.html

I have found a rendering. Pretty meh but I guess it is better than a parking lot.

I look at that rendering and think this should be income restricted housing. If only the city had funds for that kind of density.

[TakeFive]

Perhaps I can help you out with that

Originally Posted by DenvertoLA

I look at that rendering and think this should be income restricted housing. If only the city had funds for that kind of density.

Image courtesy TripAdvisor

https://denverite.com/2022/06/21/city-co...-unhoused-people-vulnerable-to-covid-19/

Jun. 21, 2022 By Kyle Harris/Denverite

City Council voted Monday to renew the city’s contract with Aloft Denver Downtown hotel, which has offered long-term shelter for 140 people experiencing homelessness... Aloft is one of four hotels in the city that the Department of Housing Stability has used to provide housing for that vulnerable population.

Specific to "income restricted housing"

Construction continues in Sun Valley and two new complexes are almost completed
July 8, 2022 By Desiree Mathurin/Denverite

Denver Housing Authority’s redevelopment of Sun Valley is creating a new mixed-income neighborhood.

Changes are still coming to Sun Valley.

Two new apartment complexes constructed and operated by the Denver Housing Authority, GreenHaus and Thrive, are nearing completion in the westside neighborhood and leasing is expected to begin by the end of this year.

Couple of nice photos by Denverite's Kevin J Beaty

Thrive Apartments




Greenhaus apartments



For anyone who enjoys following the redevelopment of Sun Valley, Desiree Mathurin does a splendid job of explaining the background and various income restrictions for these latest projects as well as where we've come from and what's still ahead.

[laniroj]

Originally Posted by SirLucasTheGreat

13 tower cranes in RiNo is insane. Did Union Station ever have that level of activity at once?

Travel to asia or the middle east and you'll never think 13 cranes anywhere, even a single block, is a lot again. Some projects over there have 50 cranes - a single project. 20th century Americans have no concept what real growth looks like.

[laniroj]

Originally Posted by mishko27

This is hopefully the future of DTC - fill in some of the parking lots with sizeable apartment and condo buildings, making this whole part of the city much more urbanized and walkable. I wish the city had a stronger vision as to what DTC looks like, because developers are creating their own pockets of walkability east of 25, rather than creating a strong urban core like Belleview Station. With enough density, though, it won't matter.

I'm elated the City hasn't provided more vision for DTC and instead has kind of left somewhat generous zoning for developers to figure out on their own. My bet is developers can do it better than planners - then again, I have a bias...

[laniroj]

Originally Posted by TakeFive

...Another area that could redevelopment nicely is north of I-225 and south of Quincy Ave west of DTC Blvd...

The area of GV north of arapahoe and south of caley is already decently programmed for significant added density as well - you know, except for that church property Alberta blew the coup on!

[DenverInfill]

We've just published our first DenverInfill semiannual development summary for the 2020s! Check it out here:

https://denverinfill.com/2022/07/summer-2022-infill-summary.html

Quick takeaways for our Downtown Denver survey area:

Completed Since January 1, 2020:

• 4,757 multifamily housing units, 1.476 million SF office space
• 22 buildings in the 5–9 story range
• 12 buildings in the 10–19 story range
• 1 building in the 20+ story range

Currently Under Construction:

• 8,624 multifamily housing units, 1.359 million SF office space
• 20 buildings in the 5–9 story range
• 17 buildings in the 10–19 story range
• 4 buildings in the 20+ story range

Active Proposed Projects (development review activity in 2022):

• 24,951 multifamily housing units, 2.948 million SF office space
• 48 buildings in the 5–9 story range
• 52 buildings in the 10–19 story range
• 23 buildings in the 20+ story range

Here's a fun graphic we made to visualize the Under Construction and Proposed projects within the greater Downtown Denver districts and neighborhoods.

[mishko27]

Originally Posted by laniroj

The area of GV north of arapahoe and south of caley is already decently programmed for significant added density as well - you know, except for that church property Alberta blew the coup on!

As someone who bought on Boston and Caley a year ago, I am 100% into it. I hope this part of the city urbanizes quickly.

[Sam Hill]

That graphic is awesome.

[wong21fr]

Originally Posted by Denver

Construction Permits were just issues for a new hotel at 13th and Glenarm (previously reported by DI).

https://denverinfill.com/2019/03/new-project-13th-glenarm-hotel.html

I have found a rendering. Pretty meh but I guess it is better than a parking lot.

Considering it covers most of the blank wall of the Hyatt House/Place, I'll take it.

[DenverInfill]

Originally Posted by Sam Hill

That graphic is awesome.

Thanks!

[SirLucasTheGreat]

Thanks so much Ken and Ryan for the work you do. I bet that semiannual summary took some time to put together. It's a fascinating graphic. I'm really interested to see RiNo and Golden Triangle two to three years from now. I bet they are going to have a very different feel.

[wong21fr]

Originally Posted by DenverInfill

We've just published our first DenverInfill semiannual development summary for the 2020s! Check it out here:

https://denverinfill.com/2022/07/summer-2022-infill-summary.html

Ken, you guys outdid yourselves on this iteration of the summary. Thanks for all the time and effort you put into this.

[DenverInfill]

Thanks everyone! Ryan and I did work hard on the summary and crane census but we enjoy the work. Being fluent in Adobe Illustrator, Photoshop, really helps.