Real Estate Blog

The razed former mall turned mixed-used mega-development known as Downtown Westminster has its first residents. Now, city officials and developers are looking to give those debut denizens more opportunities to work close to home.

Acting as land seller and infrastructure developer, Westminster last week announced it has a preliminary agreement to sell two plots to developer Schnitzer West which would, in turn, build the first office buildings as part of the 105-acre project.

The agreement covers two adjoining properties where Schnitzer West plans to build a combined 650,000 square feet of office space, according to that announcement. Design work is already underway on the first piece, a six- or seven-story building with ground-floor retail space.

The news comes three months after the Eaton Street Apartments, a 118-unit workforce housing building, opened. Wrapping around a public parking garage next to a legacy J.C. Penney, that project is the first of three large residential complexe..

The Denver City Council took a rare step Monday by denying a hotel developer’s controversial attempt to acquire a valuable piece of public property downtown nearly for free.

At stake was a roughly 5,000-square-foot bit of concrete public right-of-way near the King Soopers by Coors Field, at 29th Avenue and Chestnut Place. The Chestnut Place LLC owns the adjacent land and the Minnesota-based company Mortensen Development is planning a 192-room Courtyard by Marriott hotel there. They sought to develop on a small portion of the right-of-way as well.

It’s a tricky slice of property: It currently features some trees and a bike-share rack, and because it’s been designated for transportation and utility purposes, the Denver City Council can’t just do with the land whatever it wants to. No public plaza or park could go there, for instance, under current rules. In order to amend the designation, the city must vacate the land — an action that would automatically award the land to the adjacent ..

Lakewood’s municipal election is awash in developer and marijuana money — two issues that voters in Colorado’s fifth-largest city have already taken positions on at the ballot box.

That has some wondering if it’s an attempt to pack the Lakewood City Council with members favorable to the cannabis industry and more robust development in this city of 155,000 on Denver’s western edge.

In 2014, voters rejected a measure that would have legalized recreational pot sales in the city. And this past summer, voters approved a limit on new residential construction in Lakewood.

“What concerns me is there are efforts to circumvent the will of the people,” said Anita Springsteen, an 11-year resident of Lakewood who helped spearhead slow-growth measure Question 200, which became law in July.

She is running for a council seat in Ward 3 in the Nov. 5 election. In addition, four other council positions and the mayor’s seat are up for grabs in Lakewood.

Two independent expenditure committees, which a..

Barricuda’s Restaurant & Lounge has announced plans to close for good Nov. 3 after a quarter of a century in business in Denver’s Capitol Hill neighborhood.

The news, first reported by Westword, was posted to the establishment’s Facebook page on Friday morning. No reason for the impending closure was given. Calls made to the business went unanswered Friday afternoon.

“It’s been our pleasure to serve and be a part of the Capitol Hill community for 25 years,” the Facebook post read in part.

Situated in a strip shopping center on the east side of Ogden Street between East 10th and 11th Avenues, Barricuda’s was known in part for its late-night food service and daily brunch. The Facebook post promised “great specials during our last weekend” and teased a customer and employee appreciation party planned for Barricuda’s final night with additional details to come.

By 4 p.m. Friday, the post has more than 160 comments, with many folks sharing memories and lamenting the closing news.

“One ..

As long as the Colorado Rockies are playing baseball at the ballpark at 20th and Blake streets in Denver, they’ll be playing at Coors Field. That’ll be true even after the iconic brewers’ parent company pulls up stakes and moves out of town.

On Wednesday morning, Molson Coors Brewing Co. announced — among other major company changes — that it would be packing up its corporate offices in downtown Denver and moving its headquarters to Chicago. It’s a landscape-changing corporate shuffle that has led some people to question if the naming rights for Coors Field will soon be up for grabs.

RELATED: Molson Coors closing Denver office, cutting 500 jobs and moving its headquarters to Chicago

Coors Field: What’s in a name?
The 24-year-old park has been named Coors Field since the day it opened for baseball in 1995. But it seems strange to have such a visible structure bearing the name of a company based 1,000 miles away, even if its iconic brewery is still producing beer in Golden. The stadiu..

Dave Layton, co-CEO of Partners Group, remembers hunting for a new office location when the Denver REI store, located in the old electrical plant of the Tramway Co., impressed him.

“Find me one of these,” he told his real estate adviser.

Vacant and vintage factories of the size that Partners Group, a Swiss money management firm, needed aren’t an easy find. So the company ended up building its U.S. headquarters in that style from scratch.

With its red brick, exposed steel beams and vast ceiling space, the main building on the new campus looks like it was dropped down from Denver’s River North neighborhood.

But it’s located in Broomfield, southwest of Flatirons Crossings mall, near the campus of Level 3 Communications, which is now part of CenturyLink.

“We are planting a flag in Colorado. This will be our main campus for the Americas,” said Layton. “This is a big deal for us and for our people.”

In some ways, the move reflects Partners Group. The firm, even though it was started in..

Hyoung Chang, The Denver PostThe crane taking four 15-foot-wide by 60-foot-long modular home segments and stacking them one on top of the other to make a new duplex. August 23 2018. Adam Berger, a developer with his own modular home designs, has sold his first duplex in North Aurora. Now he is using a crane to hoist the four trailer-delivered units for his second duplex into place.PUEBLO — A company that builds energy-efficient modular homes aimed at providing more affordable housing plans to open a factory in southern Colorado.

IndieDwell announced Monday that it will spend $13 million to convert an existing warehouse in Pueblo into a factory that will employ up to 200 workers at full capacity.

The company, which also has a factory in Boise, Idaho, announced plans to expand in September after raising $5.5 million in an initial round of financing. The Pueblo Chieftain reports it makes homes in three sizes ranging from 320 square feet to 960 square feet.

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In one of Colorado’s quintessential beer towns, some industry veterans are working to bring to life their version of a new limb on the craft brewing family tree. It’s called a “brewstillery,” and though this one is slated for Boulder, its recipes will come from the Western Slope.

The team behind Durango’s Ska Brewing Co. and Palisade’s Peach Street Distillers last week announced plans for “Ska Street Brewstillery,” a mashup of the two businesses that would take over Fate Brewing Co.’s space at 1600 38th St. in east Boulder.

If everything goes as planned, Ska Street could be pouring 30 varieties of Ska beers and mixing specialty cocktails with Peach Street spirits for Front Rangers by spring of 2020, said Dave Thibodeau a co-founder and partner in both companies. The establishment would also serve food based on the menus in both Palisade and Durango, sourcing as many ingredients in Boulder County as possible.

“We’ve actually been talking about this concept for a while because we’ve w..

Despite the noise surrounding the WeWork fiasco, the overall “office space” market is healthy, I'm told.

Bellevue Builders Supply will remain in business with the same name but as a tenant of Curtis Lumber.