This Week's Denver Deal Sheet: $235M Mixed-Use Project Planned For Northeast Denver
Kensington Development Partners and IM Properties just snapped up a 150-acre parcel in Denver’s Green Valley Ranch and Denver International Airport corridor for a major mixed-use development anchored by Target.
Link 56 will include 250K SF of commercial space, about 2,000 rental units and 27 acres of open space, with access to Peña Station’s light rail and the Rocky Mountain Arsenal Wildlife Preserve, Kensington said in a press release.
Construction on the $235M Phase 1 begins immediately and includes a 151K SF Target store, a 214-unit Class-A apartment complex and a 170-unit build-to-rent townhome community.
The site is adjacent to United Airlines’ planned 113-acre corporate campus and within a fast-growing submarket that hosts about 43,000 daytime employees.
SALES
CoreSite acquired the Denver Gas and Electric Building at 910 15th St., expanding its footprint in the city’s core. The 100-year-old former hotel, home to CoreSite’s DE1 data center, was called “the primary point of interconnection in the Rocky Mountain region” in an email announcing the move.
The company plans to nearly double capacity at the site by adding 3 megawatts and will gain about 100 new customers through the acquisition.
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Venu Holding Corp. acquired the site of the former Celebrity Lanes at Arapahoe and Parker roads in Centennial, with plans to build an indoor music venue, restaurant and event space.
The Colorado Springs-based company, known for The Hall at Bourbon Brothers, expects to close on the site June 1 and says the new project will feature high-end amenities and fractional ownership options.
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A 17-unit, two-story apartment complex at 1107 Carr St. in Lakewood sold for just under $2.7M. Jeffrey Hirschfeld and Louis Lee of Antonoff & Co. Brokerage represented the seller.
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A 2,700 SF industrial flex space at 7270 W. 118th Place in Broomfield sold for $555K. Charles Nusbaum and Jeffrey Hirschfeld of Antonoff & Co. Brokerage represented the seller.
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A 1,675 SF office space at 791 Southpark Drive in Littleton sold for $495K. Eric Shaw of Pinnacle Real Estate Advisors represented the buyer, Zim Enterprises LLC.
PEOPLE
Gilmore Construction hired Susie Lanners as strategic marketing and communications director. She brings more than a decade of experience in branding and communications, primarily in the construction and infrastructure sectors. Lanners will lead Gilmore’s marketing, public relations and outreach efforts.
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JE Dunn Construction promoted Charlie Slattery to vice president and project executive. A 19-year company veteran, Slattery has led major projects for CU Anschutz and the National Renewable Energy Laboratory and will now take on a larger role in business strategy and project leadership across the Front Range.
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Antonoff & Co. Brokerage is hiring to grow its retail brokerage division as part of a push into commercial property sales, leasing and consulting.
THIS AND THAT
Copper Mountain Resort and Denver-based Hyder Construction were honored with a 2024 Best of the Best Award from Engineering News-Record for their work on The Aerie, a 25K SF midmountain lodge that opened in 2023.
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Westminster-based Loenbro has acquired Stewart Electric, a Nevada company focused on electrical services for the data center market. The move expands Loenbro’s capabilities and geographic footprint, particularly in the Southeast.
The acquisition is part of a growth strategy backed by private equity firm Braemont Capital.
