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Opus Completes Construction of Build-to-Suit Technology & Engineering Center for Charter

26 Feb 2015, 11:30 pm

By Ioana Neamt, Associate Editor

8480 E Orchard Road

The Opus Group has announced the completion of construction on the Charter Communications Technology & Engineering Center in Englewood, Colo.

The Minneapolis-based developer started working on the 85,000-square-foot build-to-suit in the spring of 2014. Located at 8480 E. Orchard Road in the Compark Business Campus Metropolitan District, Charter’s new Technology & Engineering Center features roughly 50,000 square feet of flexible office space, conference rooms and break areas. Additionally, the center incorporates a 25,000-square-foot state-of-the-art data center that houses Charter’s Advanced Engineering teams, a large testing lab, as well as resources from the product, IT, network operations and Care teams.

According to Stamford, Conn.-based Charter, its new facility will accommodate more than 200 technical staff, including 55 new full-time positions and 45 new full-time contract positions. Opus Design Build LLC is partnering with Charter to complete tenant improvements on 10,000 square feet of white box space, as well as build an approximately 8,000-square-foot mezzanine level above that space to be completed in the summer of 2015. The facility is the eighth project Opus has worked on at the Compark Business Campus, in collaboration with Mike Vickers of MPV Compark Management LLC.

“With Opus’s help, Charter has been able to achieve its vision for a space that is as dynamic and innovative as our industry,” said Jay Rolls, Charter’s senior vice president and chief technology officer. “Our new home at the Compark Business Campus will help take technical innovations from concept to our customers.”

Opus worked on the project as developer. Opus Design Build was the design-builder, while Opus AE Group was the architect of record and structural engineer. Burkett Design acted as architect, while Cator, Ruma & Associates acted as engineer for the tenant improvements.

Rendering courtesy of The Opus Group

White Lodging to Bring Dual-Branded AC, Le Meridien Hotel to Downtown

23 Feb 2015, 5:08 pm

By Ioana Neamt, Associate Editor

Merrillville, Ind.-based White Lodging has revealed plans to develop a dual-branded hotel in downtown Denver that will feature both an AC Hotels by Marriott property and a Starwood-branded Le Meridien Hotel. Scheduled for completion in early 2017, the 18-story development will break ground in late spring 2015.

Located at 15th Street and California, just one block from the Colorado Convention Center, the property will incorporate a total of 491 guest rooms in the heart of Denver’s business district. The dual-branded hotel will offer guests access to nearby attractions such as the LoDo Historic District, the Denver Performing Arts Complex, the Pepsi Center, Coors Field and the home of the Denver Broncos – Sports Authority Field at Mile High.

According to a news release, each hotel will incorporate its own distinct entry, lobby and dining options. Le Meridien Hotel will feature 272 guest rooms, more than 8,000 square feet of meeting space, 24-hour fitness center, business center, lobby lounge and a full-service restaurant. The new hotel will also incorporate Le Meridien Hub, a modern reinterpretation of the traditional hotel lobby.

The AC Hotels by Marriott brand originated in Europe in 2011 as a joint venture with Spanish hotelier Antonio Catalan. The Denver AC Hotels by Marriott property will be the brand’s first to open in the city.

“We are delighted to expand our partnership with White Lodging to introduce Le Meridien to Denver in 2017,” said Brian Povinelli, global brand leader, Le Meridien and Westin Hotels. “Since Starwood acquired Le Meridien in 2005, Starwood has made significant investments in redeveloping the brand, which connects with guests through the art, culture and cuisine in key cities around the world.”

SunShare, NRG Join Forces to Develop Community Solar Projects in Colorado

10 Feb 2015, 9:49 pm

By Ioana Neamt, Associate Editor

NRG Renew has entered a partnership with Denver-based community solar company SunShare to develop and build 8.2 megawatts (MWac) of community solar projects along the Colorado Front Range.

Scheduled for completion in mid-2015, the new community solar projects will produce enough renewable energy to power more than 1,600 homes for 20 years, and will be available to residential, municipal and commercial subscribers across five counties.

“Community solar projects broaden access to locally generated solar energy and allow businesses and family residences with financial or space restrictions to choose renewable energy,” stated Craig Cornelius, senior vice president of Business Development at the Scottsdale, Ariz.-based NRG Renew, a subsidiary of NRG Energy Inc. “Community solar is a key part of the distributed, clean energy future NRG is committed to fostering.”

SunShare currently has more than 100 MWac of solar gardens in their portfolio, including two 0.5 MWac community solar gardens in Colorado Springs which are the first fully subscribed projects of their kind in the U.S. The company recently entered a partnership with Mortenson to develop and build community solar gardens across the state of Minnesota.

Image courtesy of SunShare’s official Facebook Page

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Griffis Residential Shells out $44M for Multifamily Community in Suburban Denver

29 Jan 2015, 5:20 pm

By Ioana Neamt, Associate Editor

Griffis Westminster Center

Denver-based multifamily management company Griffis Residential has recently acquired the 264-unit Remington West Apartments community in Westminster, Colo., at the cost of $44.3 million. According to a news release, the community has been rebranded Griffis Westminster Center.

Located at 6969 West 90th Ave. just west of the I-25, Griffis Westminster Center is a Class A community that offers one- to three-bedroom apartments ranging in size from 672 to 1,180 square feet.  The garden-style community features a clubhouse, business center, fitness center, media room, outdoor BBQ areas, on-site playground, as well as a heated pool and spa. Apartments feature stainless steel appliances, ample closet space, central heat and air, oval garden tubs and washer and dryer in each unit.

“Griffis Westminster Center holds tremendous promise within the Griffis Residential multifamily portfolio,” said Griffis Residential CEO David Birnbaum. “With close proximity to the emerging Bus Rapid Transit System and the Westminster Center redevelopment project, we believe the community will be in high demand among Westminster’s well-educated workforce for years to come.”

The purchase of Griffis Westminster Center follows the recent sale of Sagebrook Apartments in Colorado Springs and the acquisition of Strathmore Apartments in Lafayette.

Image courtesy of Griffis Residential

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Inland American Pays $52M for Quebec Square Shopping Center in Denver

22 Jan 2015, 10:38 pm

By Ioana Neamt, Associate Editor

Inland American Real Estate Trust, Inc. recently announced the purchase of the Quebec Square shopping center in Denver, Colo., at a cost of $52.25 million.

Located at 7800 Smith Road in Denver, the 207,561-sq.-ft. property completed in 2002 is a primary retail destination in a highly traveled area and serves 100,000 customers within a three-mile radius. The space purchased by Inland is presently 97 percent occupied, with tenants including PetSmart, Office Depot, Ross Dress for Less, Party City, and many others. According to a news release, the property is shadow-anchored by a Walmart Super Center and Sam’s Club, which were not part of the acquisition.

“We believe Quebec Square is a dominant retail property with a solid national and regional tenant line-up, strong demographics and an ideal location trafficked by more than 65,000 vehicles per day,” explained Christopher Covey, senior vice president of transactions at Inland American. “We are pleased to add this property to our retail portfolio, as it matches our long-term strategy of investing in multi-tenant, necessity-based retail properties, and believe it is well positioned for future growth,” he added.

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