DENVER | Main Development Thread #7

[SirLucasTheGreat]

Originally Posted by rds70

A few bits of information on Memorial Day:

A couple of new concept plan submittals to the City:

One at 696 Sherman Street, which I think includes Racines. The development company is listed as Avalon Bay:



The other one at 770 Sherman Street. The development company is listed as Gables:



Amacon Development resubmitted the site plan for the 18th and Glenarm condo towers on May 19th, so the project continues to move forward.

Thanks for the update! I'm glad to see that the Amacon development is still moving forward although it has nearly been a year since Shelby's closed.

[TakeFive]

What Cherry Creek needs is some REAL Culture

We need The Clayton: (Apparently in-progress)


Photo by Thomas Gounley/BusinesDen

Coming soon to 233 Clayton St.


Rendering courtesy BMC Investments via BusinessDen

The Backstory

“Cherry Creek lacks a lot of real culture,” he said. “The art, music and culinary scene could be even better here … Up-and-coming artists, musicians and chefs steer clear of Cherry Creek right now — and we are aiming to change that.”

It's a social club.

Social clubs can be found in other major cities. There’s The Battery in San Francisco, Fitler Club in Philadelphia, The Quin in Boston. SoHo House, meanwhile, began in London and now has locations around the world, including in New York and Miami.

[TakeFive]

Affordable Housing for Arapahoe Square




Renderings courtesy of Carvell Architects via Mile High CRE

https://milehighcre.com/28696-2/

On March 5, 2020, Christopher Carvell Architects submitted a Site Design and Massing Submittal on behalf of developer, Colorado Coalition for the Homeless, for a nine-story residential development located at 2175 California in downtown Denver’s Arapahoe Square, a site that is currently a surface parking lot.

The building will accommodate the Stout Street Recuperative Care Facility, a 75 bed assisted living facility as well as and 98 affordable housing apartments on the upper levels. Amenities will include an outdoor garden terrace that moderates a scale change between the adjacent corner building combined with the required upper story setback.

--------------------------

Originally Posted by rds70

A few bits of information on Memorial Day:

A couple of new concept plan submittals to the City:

One at 696 Sherman Street, which I think includes Racines. The development company is listed as Avalon Bay:

The other one at 770 Sherman Street. The development company is listed as Gables:

Amacon Development resubmitted the site plan for the 18th and Glenarm condo towers on May 19th, so the project continues to move forward.

So AvalonBay found a spot to build in Denver... so that's who the Racines' guys are selling to. Cool Beans.
Note: Actually I just recalled AvalonBay's 1st downtown-related construction project is in RiNo at 1185 26th Street due in 2022.

Gables always a welcome Denver-friendly developer.

[twister244]

Originally Posted by rds70

Amacon Development resubmitted the site plan for the 18th and Glenarm condo towers on May 19th, so the project continues to move forward.

I will continue to put the Amacon development into "When pigs fly" until I see an actual sales website. Especially now that the economy has temporarily tanked.....

Not saying Amacon is a crappy development company, but it's been forever since they were supposed to get this thing underway.

[rds70]

More on the Avalon Bay apartment project planned for the Racine's site and adjacent properties:



BusinessDen article link: https://businessden.com/2020/05/27/m...-racines-site/

[Curtis Park]

Originally Posted by TakeFive

Note: Actually I just recalled AvalonBay's 1st downtown-related construction project is in RiNo at 1185 26th Street due in 2022.

Gables always a welcome Denver-friendly developer.

Actually, because nitpicking about neighborhoods is fun, it's in the Curtis Park RNO boundaries, not RiNo. But RiNo sells. Or we could just always say Five Points.
Avalon calling it Avalon RiNo isn't too disingenuous since it's a block outside. Better than the Marriott calling it's South Colorado Blvd Courtyard "Cherry Creek".

[DenvertoLA]

https://denverite.com/2020/05/27/the...rtful-glow-up/

Can’t wait to visit this once it’s finished

[mr1138]

Originally Posted by Curtis Park

Actually, because nitpicking about neighborhoods is fun, it's in the Curtis Park RNO boundaries, not RiNo. But RiNo sells. Or we could just always say Five Points.
Avalon calling it Avalon RiNo isn't too disingenuous since it's a block outside. Better than the Marriott calling it's South Colorado Blvd Courtyard "Cherry Creek".

Well, not to totally re-hash an old conversation, but according to Denver's RNO map technically it's in both with RiNo's boundary extending all the way to Arapahoe. I suppose these organizations can overlap because they focus on different things - Curtis Park isn't an arts district. Unfortunately, this isn't a neat and tidy system that satisfies a desire for places to be either in one neighborhood or another.

[TakeFive]

Originally Posted by Curtis Park

Actually, because nitpicking about neighborhoods is fun, it's in the Curtis Park RNO boundaries, not RiNo. But RiNo sells. Or we could just always say Five Points.
Avalon calling it Avalon RiNo isn't too disingenuous since it's a block outside. Better than the Marriott calling it's South Colorado Blvd Courtyard "Cherry Creek".

This can be the new 'home-town' test. If you don't know where Curtis Park and Five Points are then you haven't been around the block more than once.

Originally Posted by mr1138

Well, not to totally re-hash an old conversation, but according to Denver's RNO map technically it's in both with RiNo's boundary extending all the way to Arapahoe. I suppose these organizations can overlap because they focus on different things - Curtis Park isn't an arts district. Unfortunately, this isn't a neat and tidy system that satisfies a desire for places to be either in one neighborhood or another.

RiNo is an interloper; it's a Johnny-come-lately; it's a buttinsky; it's like a bad land deal.

Originally Posted by DenvertoLA

https://denverite.com/2020/05/27/the...rtful-glow-up/

Can’t wait to visit this once it’s finished

Looks to be pretty cool. Hope it weathers reasonably well.


Meanwhile...

The guys over at DenverInfill have gotten busy with their Spring Roundups; love me some roundups and there's lots of flowers a-bloomin'.

Along the Brighton Blvd corridor I plum forgot that Carmel was building DriveTrain. There's three biggie apartment projects with only Denargo Market 3 having a chance to complete this year.

Speaking of Bespoke Uptown at 17th and Pearl, there's many good photos of one of my favorite projects - renting soon.

[TakeFive]

Celebrating Denver's Great Outdoors


Rendering courtesy Dynia Architects via Mile High CRE

The Source is Headed Outside, Introducing “Out Source”
May 28, 2020 - milehighcre

The Source Hotel + Market Hall will be bringing The Source experience outdoors this summer, coining it “Out Source.” Each Saturday and Sunday Smōk Barbecue will expand its services into the large front lot and the program will give you exactly what you’ve been craving: human connection, great food, cocktails, wine, amazing service, and finally putting the first part of this year behind us.

In addition to Smōk’s specialty menu being offered outdoors, you can also visit your favorite Source tenants including Safta, Reunion Bread, Acorn, Grabowski’s, and more, and enjoy your meal in the new patio seating.

Final approval of the expanded seating area for “Out Source” is still pending with the City of Denver, but we anticipate an early-June launch.

Party like it's 1999


Rendering of six-story, 112-key Vīb hotel, courtesy of TWC Management via Mile High CRE

New Denver Hotels Opening in 2020/2021
May 28, 2020 - milehighcre

Downtown Denver is currently home to more than 11,000 rooms within a short walking distance of the Colorado Convention Center. Despite recent events that have forced Denver’s beloved hotels to temporarily close their doors, many new hotels are still on track to open in 2020/2021.

Not sure of the veracity but they do provide a list of eleven hotels along with their projected opening date. At the least it's interesting to see a list of all the hotels that have been announced.

[RyanD]

Got some fresh renderings of 19th and Chestnut!

https://denverinfill.com/2020/06/mor...t-project.html

[bunt_q]

No masks, no distancing, no fires, broken glass, or graffiti visible, lush greenery, apparent social harmony; this must be a proposal for a foreign city someplace? Confused why this is posted in this thread; this is clearly not Denver.

[BG918]

That 19th & Chestnut project looks great. Odd it's planned for the back lot right there, is there anything planned for the actual 19th & Chestnut intersection next to the HGI?

[tommyboy733]

Hours of aerial Denver footage here https://www.youtube.com/watch?v=b4992g-1ONU&t=2482s

Such as this screenshot, basically they scan every block the protesters cover which was most of the CBD, LoDo. pretty much every project and building is featured at some point!

[IMG]Denver [/IMG]

[tommyboy733]

and here's Block 162 from 9 news:

https://www.youtube.com/watch?v=c_oFD7l718A

[IMG]Denver_2 [/IMG]

[TakeFive]

Originally Posted by bunt_q

No masks, no distancing, no fires, broken glass, or graffiti visible, lush greenery, apparent social harmony; this must be a proposal for a foreign city someplace? Confused why this is posted in this thread; this is clearly not Denver.

That 'photo' is a week old.

Now that the CiC has spoken, this is tomorrow's photo shoot - as we ping-pong from one extreme to the other.

Originally Posted by TakeFive

Arbitrary and capricious - so of course it doesn't makes a lick of sense.

Confused by what their philosophy and policy should be around affordable housing they take what should be a simple re-zoning decision and punt.

'Everything pointed to city support, until the end'
Jun 2, 2020 By James Rodriguez – Reporter, Denver Business Journal

When a developer's rezoning request for a parcel in Denver's River North Arts District went before City Council on May 11, the final vote seemed destined to be little more than a formality.

So what happened?

Perhaps no one was more surprised than Chase Hill, a principal at Cypress who oversaw the rezoning proposal and was present at the May 11 session.

"Everything pointed to city support, until the end," Hill said.

For every action, expect a reaction.

Hill said the amount of outreach he's received from the development community — zoning and land-use attorneys and consultants, civil engineers and other developers — has been "mind boggling."

"A lot of developers are calling me saying, 'Look, we have city staff support, we have an agreement with HOST. Are we still in jeopardy of being rejected on our rezone application?'" Hill said. "And my answer is, 'Yes.'"

This is just stupid. If City Council wants more affordable housing then they should take responsibility; don't put it on the back of developers who are risking $millions to do your dirty work. Find the funding. Incentivize developers by offering a property tax abatement for 20 years. Without the city putting their own skin (and risk) in the game nothing will ever change.

[The Dirt]

Originally Posted by TakeFive

This is just stupid. If City Council wants more affordable housing then they should take responsibility; don't put it on the back of developers who are risking $millions to do your dirty work. Find the funding. Incentivize developers by offering a property tax abatement for 20 years. Without the city putting their own skin (and risk) in the game nothing will ever change.

Probably the smartest and most concise thing you've ever said here.

[wong21fr]

Originally Posted by The Dirt

Probably the smartest and most concise thing you've ever said here.

Have you had a talkin' with Chris Hinds yet on what an asshat he's being backing Saywer and CdeBaca on shit like this? Seems to go right against his push for more housing.

[TakeFive]

Ding, Ding, Ding; Ring the Bell

What does an article in the Denver Business Journal by the New York Times that is not about Denver tell us about Denver, if anything?

Office towers are still going up, but who will fill them?
Jun 3, 2020 by Kevin Williams – The New York Times

Ding, ding, does the name Riverside Investment and Development ring a bell?

The prospect that workers may want to continue working from home does not worry John O’Donnell, chief executive of Riverside Investment and Development, which is developing a 55-story tower at 110 North Wacker Drive in Chicago. The tallest building erected in the city since 1990, it is scheduled to open in August and will be anchored by Bank of America. Other tenants include law firms, many of which are doing business from home.

The building is 80% leased ahead of its August opening. One tenant signed for 40,000 square feet of office space at the height of the lockdown, which O’Donnell took as an encouraging sign.

Riverside Investment and Development has Buzz Geller's land at what is now being called 1900 Lawrence St. under contract for a proposed 30-story tower. Afaik, Riverside has no other buildings under construction or plans in Chicago. Here's to hoping Riverside decides to close on the land in Denver even if they wait to proceed with development.


Ding, ding does the name Endeavor Real Estate Group ring a bell?

But others say it is too early to tell when demand for office space will return. Jamil Alam, managing principal of Endeavor Real Estate Group, said the situation would vary by city.

“There will be winners and losers,” Alam said, explaining that he thinks denser metro areas like New York and Boston, which have been ravaged by the coronavirus, could find their luster lost in favor of smaller markets.

Endeavor, which is based in Austin, Texas, has a portfolio that includes 15.6 million square feet of commercial real estate in cities like Dallas, Denver and Nashville. One of its projects, the 20-story Gulch Union, will be the largest office tower in Nashville when it opens in August with 324,254 square feet of office space.

Endeavor has plans for the Gates site in Denver. Good news is that their plans are to start with multi-family development.

Smaller markets like Nashville are well-positioned for companies wishing to pull up stakes from major metropolitan areas with higher density and costs, Alam said. Gulch Union has leased 27,000 square feet, and four more deals totaling 40,000 square feet are near completion.

“Deals are still being done,” he said.

Denver is more likely to pull business from the west coast. Then again, VF Corp moved from the east coast so who knows.

Comment

Let's hope that the current pandemic slows the rush for both the state and City of Denver to pass loads of business-unfriendly initiatives.

From my perch in the desert I can now see how the $billions invested into ASU STEM degree course expansion and the state's effort to lower taxes and be more business-friendly is now paying off Big-Time. In addition to Chicago which has long been a player most of the developers and capital is coming from the SE sunbelt states.

I still see Phoenix as different from Denver so they are not necessarily direct competitors but I can see what is working well down here. It feels like the pandemic has hardly made a ripple in future investment.

[The Dirt]

Originally Posted by wong21fr

Have you had a talkin' with Chris Hinds yet on what an asshat he's being backing Saywer and CdeBaca on shit like this? Seems to go right against his push for more housing.

We sure did. He's (mis)calculating that because his district went for Bernie in the primaries that his constituents are leaning more towards Candi's "So Woke" cdeBaca's position. Pretty disappointing that Wayne New turned out to be the more progressive council person in hindsight. Personally, if I stay in his district I'll be backing a challenger, but it looks like I'll end up in Torres' (who also voted no) district soon enough.