News

LoDo Sexy Again

With the opening of Union Station after years of work, LoDo has been transformed into a place where office tenants want to be. (It's like the first kid to get a new video game system: all of a sudden everyone wants to be near him.)

Transwestern SVP Peter Thomas tells us that LoDo is the hottest office submarket in Denver right now. The anticipation of Union Station isn't the only factor. The revival of restaurants and entertainment in the area has helped, along with Coors Field (which is also a dining destination, with the addition of the 38k SF Rooftop bar and restaurant inside the park... despite the Rockies' record). Tenants are voting with their feet: as of June, Peter says, the direct office vacancy rate in LoDo is just a smidgen less than 4.7%.

This week, Comcast Cable Communications inked a deal to occupy 21k SF 1899 Wynkoop St, a block from Union Station. Peter, along with colleagues Andrew Piepgras and David Shapiro, repped landlord Cornerstone Real Estate Advisors. The trio will backfill the space that’s coming available next month, so that the property will remain 100% leased. Developed in 2000 as the first new building in LoDo in 15 years, 1899 Wynkoop is Energy Star certified and LEED Gold. Hartford-based Cornerstone bought the building in ’11 for $53M.

Snapped at Union Station’s grand opening last weekend: Sen. Michael Bennett and Union Station Alliance partners Will Isenberg, Jeff Hermanson, and Dana Crawford. The spanking-new Union Station now includes more than a dozen bars, restaurants, and retail stores, and the 112-room Crawford Hotel (though Alex Seidel’s Mercantile Dining & Provision isn’t quite open yet). New Union Station eateries include Stoic & Genuine, Kitchen Next Door Union Station, Snooze Union Station, Acme Burgers and Brats, and Pigtrain Coffee and the Milkbox Ice Creamery.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Denver Newsletters
Related Stories

CU Denver Purchases Independence Plaza: The Denver Deal Sheet

3 Suburban Philly Office Buildings With Strong Occupancy Hit The Market

Lightstone Group Acquires Amazon Robotics Building For $43M

100% Of European Asset Managers Hold Stranded Assets. So Why Aren't We Fixing Them?

'Not In The Business Of Losing Our Customers': Renewals Dominate Boston Office Market

REPORT: JLL In Talks To Relocate Global Headquarters

Vornado, Related's Google-Anchored Office Building Faces 'Imminent Default'

City Block Sold For New Houston Center Parking Garage

Whoop Looks To Double Boston Footprint With 107K SF Lease

10 States Alone Carry $1.4T In Wildfire Property Risk, Cotality Finds

Real Capital Solutions Launches Contrarian Office Fund With $50M From CEO

SL Green Booted As Worldwide Plaza Manager Amid Foreclosure Battle