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9 major office projects expected to break ground in Denver in 2020

9 major office projects expected to break ground in Denver in 2020

Originally appeared in Business Den in January, 2020

Get ready for more construction fencing.

On Tuesday, BusinessDen highlighted major developments in Denver that are expected to be completed in 2020.

Today, we start looking at what's coming next.

Here are nine major office projects expected to break ground within city limits this year (and one maybe). You'll notice RiNo is a hotspot.

The Current, River North (RiNo)

Bellevue, Washington-based Schnitzer West expects to break ground in February on a 12-story office building at the corner of 36th Avenue and Delgany Street in RiNo, according to a company representative.

The building has been dubbed The Current, River North.

Plans for The Current call for two levels of underground parking and ground-floor retail space topped by three more levels of parking. Offices will be on floors five through 12. The top two floors also will feature tenant amenities, including a rooftop terrace.

One Platte (LoHi)

Denver-based Nichols Partnership expects to break ground in February on a five-story office building in the 1700 block of Platte Street, according to a company official.

Dubbed One Platte, the building is slated to have about 12,000 square feet of ground-floor retail space, topped with about 240,000 square feet of office space spread across just four floors.

Nichols developed the four-story office building nearby at 1644 Platte St.

Stonebridge Project (DTC)

Denver-based Stonebridge Cos. plans to break ground in the first quarter on an 18-story building in the Denver Tech Center's Belleview Station area, according to a company representative.

Development plans call for five floors of hotel rooms, approximately 236 rooms in all, topped by 11 stories of office space. There will be retail, restaurant and lobby space on the ground floor. The company declined to provide a rendering.

Watershed (RiNo)

Denver-based Koelbel & Co. expects to break ground in the second quarter on Watershed, a 12-story office building in the 3500 block of Brighton Boulevard, according to an executive.

It will be adjacent to Catalyst, an office building that Koelbel completed last year.

The Watershed building will have about 13,000 square feet of ground-floor retail space, three floors of parking and 167,000 square feet of office space on its upper five floors. It will be taller than Catalyst, and feature about 10,000 square feet of patio and deck space — not included in the 167,000 figure — at the rear of the office floors, looking west over the Platte River.

Gym TruFusion has leased a portion of the retail space.

Paradigm River North (RiNo)

Jordon Perlmutter & Co. plans to build an eight-story office building dubbed Paradigm River North at 3400 Walnut St.

The project likely will be shovel-ready as early as the spring, according to a Perlmutter executive. It will replace a self-storage facility.

Plans call for 12,000 square feet of ground-floor retail and 192,000 square feet of office space.

World Trade Center (RiNo)

Denver-based Formativ and Chicago-based Golub & Co. expect to break ground on the office component of World Trade Center Denver by RiNo's 38th and Blake station in the second quarter, according to a Formativ executive.

The hotel component of the project, which Formativ is developing with Memphis-based Kemmons Wilson Cos., is expected to break ground around the same time. Demolition of existing structures at the site is slated for the first quarter.

Gates District at Broadway Station (Baker)

Austin, Texas-based Endeavor Real Estate Group and Denver-based Legend Partners expect to break ground this summer on the first two buildings at Gates District at Broadway Station, according to an Endeavor executive.

One of the buildings will have approximately 200,000 square feet of office space. The second will be apartments.

Gates District will be a mixed-use development at the northwest corner of Broadway and Mississippi Avenue, where a Gates rubber factory once stood.

The total master plan calls for 887 residential units, 380,000 square feet of office space, and 180,000 square feet of retail and restaurant space in a five-building layout.

Broe Project (Cherry Creek)

Denver- based Broe Real Estate Group is looking to break ground in late summer on two new office buildings in the 200 block of Clayton Street in Cherry Creek, according to an executive.

Development plans show that Broe wants to demolish the existing two-story structures at 200 and 210 Clayton St., and build an eight-story structure with 5,600 square feet of ground-floor retail space and 67,800 square feet of office space above that.

Broe would leave the adjacent four-story structure it owns at 216 Clayton St., according to the plans. But it would demolish the two-story parking garage it owns to the north of that, and build another seven-story structure with 3,000 square feet of ground-floor retail space and 31,890 square feet of office space.

Riverpoint expansion (LoHi)

Texas-based Crescent Real Estate expects to break ground in the fourth quarter on a sizable expansion to Riverpoint, the existing office building at 2300 15th St., according to a representative.

The project, which involves adding a floor to the building and constructing on the parking lot behind it, will expand the complex to 196,000 square feet, from 54,000 square feet now.

Maybe: Train (RiNo)

Denver-based Invent Development Partners and New York-based partner Halpern Real Estate Ventures hope to break ground on their project dubbed Train near RiNo's 38th and Blake station in either the fourth quarter of 2020 or the first quarter of 2021, according to an Invent executive.

Like the aforementioned World Trade Center and Stonebridge projects, Train isn't strictly an office building. Plans call for hundreds of hotel rooms and an entertainment venue. But 275,000 square feet of office space is slated to occupy one tower planned for the block formed by Walnut, 40th and Blake streets.

What's not on here?

Texas-based Hines declined to provide an estimate of when it expects to break ground on its planned six-story, 250,000-square-foot T3 office building at 3500 Blake St.


By: Thomas Gounley