DENVER | Main Development Thread #6

[The Dirt]

Huh? What is this about King Soopers? Do you have a source? Is the Punch bowl Social comment based on anything official?

[Sam Hill]

Originally Posted by Matt

This has been going on for about a month now, but they've only really began to make noticeable progress within the last week. Both of the CenterPoint towers at I-25 and Colorado Blvd. are being repainted from white into beige/brown. They also seem to be removing the green/aqua lighting strip that was prevalent on one of the towers when Cigna was the anchor tenant, as seen in the last photo. I wonder if these "improvements" (although painting the buildings in earth tones and *removing* accent lighting installation seems like several steps backwards to me) are in direct response to the Colorado Center development across I-25. Pictures taken today:

Maybe it's just your camera, but that looks dark gray to me. I would say it's a slight (albeit insignificant and unnecessary) improvement.

[wong21fr]

Originally Posted by COtoOC

Eh.. I live in Stapleton and these don't really bother me. They're affordable housing...

I'm more concerned about King Soopers abandoning the half built store in Eastbridge. I think they're not being truthful about what's going on and are looking for a buyer. And then the Punchbowl Social appears to be an abandoned project as well.

Maybe, though Kroger has deferred a ton of U/C projects across the nation to Q1/Q2 of FY17- Eastbridge is not an outlier. So if they are canning the Eastbridge project it's likely that if would occur that its going to be part of a broader sell-off of projects.

Not that you lousy southsiders should get two grocery stores while those of us onthe north side have to settle for Target.

[DenverPoke]

Fyi- 2 cranes currently going up at 1700 Platte.

[COtoOC]

Originally Posted by The Dirt

Huh? What is this about King Soopers? Do you have a source? Is the Punch bowl Social comment based on anything official?

Source on King Soopers is the November "Front Porch" newspaper. As for PBS, I'm just speculating. Something must have gone awry... originally, it was supposed to be open by now.

[COtoOC]

Originally Posted by wong21fr

Maybe, though Kroger has deferred a ton of U/C projects across the nation to Q1/Q2 of FY17- Eastbridge is not an outlier. So if they are canning the Eastbridge project it's likely that if would occur that its going to be part of a broader sell-off of projects.

Not that you lousy southsiders should get two grocery stores while those of us onthe north side have to settle for Target.

Interesting about Kroeger.

I go to Target more than the King Soopers.... but good to know they're on top of widening the damn CPB bridge, 3 years after they caused a traffic nightmare!

[wong21fr]

Originally Posted by COtoOC

Source on King Soopers is the November "Front Porch" newspaper. As for PBS, I'm just speculating. Something must have gone awry... originally, it was supposed to be open by now.

Metric ass-ton of abatement.

[LAM]

Originally Posted by COtoOC

Source on King Soopers is the November "Front Porch" newspaper. As for PBS, I'm just speculating. Something must have gone awry... originally, it was supposed to be open by now.

The Nov Front Porch article seems to indicate that Kroger is delaying the opening.

Article Here

[TakeFive]

Originally Posted by wong21fr

Maybe, though Kroger has deferred a ton of U/C projects across the nation to Q1/Q2 of FY17- Eastbridge is not an outlier. So if they are canning the Eastbridge project it's likely that if would occur that its going to be part of a broader sell-off of projects.

Very interesting; I wasn't aware. While I only found a handful of delayed construction sites, it's still strategically curious. There has been random rumors of a bigger merger but nothing solid. Bloomberg had a decent piece Nov. 3rd, but nothing that speaks to the delays. It did point out that their stock had fallen 23% this year.

There's also potential competition coming from Amazon especially down here where Kroger was to invest $260 million in Fry's. I know they've opened a couple of their "Marketplace" stores which are supposed to be very nice but wouldn't know how they've performed. It will also be interesting to see what Cerberus Capital Management can accomplish with Safeway going forward.

[comoneymaker]

Dammit.

Colorado's Aimco plans 61-story apartment-hotel tower in Miami
DENVER BUSINESS JOURNAL - A unit of Apartment Investment and Management Co. (Aimco) wants to build a 61-story tower and hotel in Miami's Brickell district and renovate an adjacent existing building.

The proposal by Aimco Yacht Club at Brickell, an affiliate of the Denver-based real estate investment trust (NYSE: AIV), would total 1.61 million square feet, including the existing 32-story apartment building of 634,081 square feet.

Including both buildings, the 2.41-acre site would have 750 residential units, 258 hotel rooms, 15,486 square feet of retail and restaurant space, 961 parking spaces in an 11-story garage, an amenity and pool deck on the 13th floor, and a pedestrian walk along Biscayne Bay.

Aimco spokeswoman Cindy Lempke said the project would be rental apartments. It has not decided on a hotel brand.

Read more at the Denver Business Journal: http://bit.ly/2fd07aQ

[TakeFive]

Not as hot as a Selfie but my Hot Take is that I decided to vote.... for twins.
Twin 66-story towers in downtown Denver but I'd settle for the 61 stories per Aimco above.

[PLANSIT]

Looks like a submittal for the Sears/Whole Foods block.

Site Address and Description
2500 E 2nd Ave - 2016PM0000661 - Cherry Creek North - Columbine Lane

[TakeFive]

Photo credit: Bank Lawyer's Blog

Well look at that. The sun did indeed come up in Colorado today (in case some were concerned it might not).

Congratulations to Colorado and metro voters; looks like everything went just as I would have hoped. Denver passed their school initiatives while JeffCo stayed true to its grumpy ways. The SCFD tax renewal passed; always important. It appears that Republicans will hold onto their majority in the State Senate which I suspect is best. I would hate to have business unfriendly laws passed. And so forth...

Back to building skyscrapers and things as the beat and life go on.

[BG918]

Originally Posted by PLANSIT

Looks like a submittal for the Sears/Whole Foods block.

Exciting, any more news on what they are doing here?

[rct]

Originally Posted by BG918

Exciting, any more news on what they are doing here?

I haven't seen anything new. But here is an older article.

http://www.businessden.com/2016/05/24/re...creek-whole-foods-replacing-parking-lot/

[rds70]

Here are a couple of new renderings of the Colorado Center residential tower from the construction documents. Construction is proposed to begin in the first quarter of 2017:





20 stories, 312 residential units, 20,800 square feet of retail, 244 feet in height.

[comoneymaker]

I love how architects can just put a little "roof flare" on top of their box and call it a master piece. If it wasn't for my inability to draw a straight line I would have been one

[Fritzdude]

What's the address on the colorado residence location?

Edit: nevermind - I will assume that it's located in the "Colorado Center" for which it's named.

[RyanD]

Parkside Apartments

Hole in the ground and possibly a tower crane foundation? It looks too small to be a core.

[lumos]

Originally Posted by RyanD

Parkside Apartments

Hole in the ground and possibly a tower crane foundation? It looks too small to be a core.

Yes, crane going in 0700 tomorrow. It was originally scheduled for the weekend.