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RedPeak sells One City Block to RREEF

Denver-based developer RedPeak has sold the One City Block apartment complex in the city's Uptown neighborhood to RREEF America LLC.

The mixed-use LEED certified apartment buildings have 302 units and more than 400 parking spaces that are all concealed in a full block between 18th and 19th avenues and Logan and Pennsylvania.

"One City Block transformed the expansive site of a former Romanesque-style Catholic school into a LEED-certified destination within steps of the state capitol and central business district," says Terrance Hunt, vice chairman of ARA Newmark Company, which represented RedPeak in the deal. "An infill site of this size never will be available again in such a prime location, making this asset truly irreplaceable."

Clustered around a central courtyard, the residential buildings share outdoor amenities, including a 25-meter lap pool, hot tub, full-size sport court, practice putting green, fire pit and lush patio areas. Each building has its own lobby and rooftop deck. In addition, there is a demonstration kitchen, fitness center, separate yoga/TRX studio with weekly classes, lounge with billiards and ping-pong, pet spa, bike shop and business center. 

"There is a very big part of our organization's soul that went into creating, designing, building and operating this special community," says Mike Zoellner, CEO of RedPeak. "Everyone on our team is very proud of what we created here, and we wish RREEF America LLC much success with this one-of-a-kind asset in the future."

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

Legacy breaks ground on Golden Triangle apartments

Legacy Partners has broken ground on TriVista on Speer, a seven-story 322-unit apartment project near Denver's Golden Triangle.

The project, located on Speer between 13th and 14th avenues, will have one-, two- and three-bedroom units. It's expected to be completed by early 2019.

"The close proximity to Denver's Golden Triangle and downtown amenities make TriVista on Speer ideal for a luxury apartment development," says Spencer Stuart, senior managing director of Legacy Partners, which is partnering with USAA Real Estate Company on the project. "The community is being planned to be amenity rich and to accommodate a healthy work/life balance for residents that work directly from home, in the community's shared office space or elsewhere in the Denver area."

Designed by the Denver office of architecture firm KTGY, the units will feature stone countertops, stainless steel appliances and gas stoves. A business center will provide onsite office space. The project also includes an outdoor pool and lounge; roof and sun decks with mountain views; a two-level fitness center with spin room and yoga studio; demonstration kitchen and wine cellar with individual lockers; dog spa; bicycle repair shop; and storage area for bike and ski equipment.

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

Stonebridge wins Emerging Company award

Denver-based hotel developer and operator Stonebridge Companies has received the Emerging Company award from the Association for Corporate Growth as a result of its continued profitability, social responsibility and community service.

Each year, the association grants awards to two Colorado companies that demonstrate excellence in growth strategies surrounding their markets, growth, customers or products and that display social responsibility and community involvement. The companies must have annual revenue between $10 million and $100 million.

"Stonebridge rises above all entries for its excellent management and long-term strategic execution on its growth plans," says Joanne Baginski, partner at EKS&H and chair of the corporate growth awards committee. "The company truly represents the spirit of these awards through its commitment to corporate growth in Colorado."

Stonebridge also was recently awarded the Marriott Spirit to Serve award in recognition of its community involvement and global awareness.

"We feel very proud to be the recipient of such a notable local award," says Navin Dimond, president and CEO of Stonebridge. "Through our commitment to our distinguished hospitality brand, our mission is not merely about growth as a company but also to contribute to and be active members of every community we represent."

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

Old firehouse to be incorporated into hotel

Focus Property Group has broken ground on the new Hilton Garden Inn at 1999 Chestnut St. near Denver Union Station.

A 12-story L-shaped tower will wrap around the historic Denver Hose Company No. 1, which will be restored as part of the development. The hotel will have 223 guest rooms, banquet and meeting rooms, a fitness center and other hotel amenities.

"It is easy to take for granted the amount of development that is taking place in our center city," says Tami Door, president and CEO or Downtown Denver Partnership. "Yet every project has the power to transform neighborhoods and drive economic development. This is no exception. Taking into account the history of the Hose Company No. 1 building, the integration into this vibrant neighborhood and the support of our tourism industry, this project is an impactful and meaningful addition to the landscape."

Built in 1882 for Denver's Volunteer Fire Department, the 3,224-square-foot building served the neighborhood known as the Bottoms, which today is part of the Central Platte Valley. By 1922, it had been converted into a print shop and later a welding shop, a purpose it continued to serve until at least the 1980s.

The building's architecture is representative of 19th century industrial construction and has only been slightly modified. Most of its significant exterior features are intact. 

Denver architecture firm Johnson Nathan Strohe is working with BOSS Architecture to redesign Hose Company No. 1 into a restaurant, pending the approval of the Denver Landmark Preservation Commission.

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

Colorado Lending Source boasts $346 million economic impact

Colorado Lending Source injected $346 million into the state's economy last year through approving a total of 270 business loans that helped created 1,845 jobs.

The not-for-profit business lender, which shared its economic impact report at its annual meeting, approved the loans in 15 different industry categories spanning 130 unique types of businesses in 65 Colorado cities and 27 counties.

"Colorado is the best place in the world to live, work, play and start or grow a small business," says Mike O'Donnell, the organization's executive director. "Our entrepreneurs are all amazing, and we were thrilled to see so many people come out to celebrate our success and all small-business achievement in  2016."

Colorado Lending Source also presented awards to five entrepreneurs: Clear Intentions, Maria Empanada, Sample Supports, Sweet Action Ice Cream and Vortic Watch Co. Juana Gonzales from Mile High Delights received the Ice House Achievement Award for effectively implementing strategies taught in the Ice House Entrepreneurship Program and for launching her business as a result of the program.

Two banks also received an award: FirstBank received the Top SBA 504 Partner Bank Award for partnering with Colorado Lending Source on 23 SBA 504 loans totaling $45.9 million; and First National Denver received the Top SBA 7(a) Partner Bank Award for its partnership on 10 loans resulting in $9.1 million in financing.

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

Regis joins Catalyst HTI

Regis University will join the health-tech innovation campus Catalyst HTI, slated to open in RiNo in 2018.

As a higher education partner, Regis' College of Computer & Information Science (CC&IS) will bring its expertise in health informatics, data science and cybersecurity to Catalyst HTI, collaborating with other health-tech industry leaders such as Hitachi Inc., the American Diabetes Association and the University of Colorado Anschutz Medical Campus to transform the digital health environment.

"Regis is proud to be a partner in this new kind of health-tech venture at Catalyst HTI," says CC&IS Dean Shari Plantz-Masters. "It signals we are involved in helping solve problems within our society, which dovetails so well with the Regis mission of educating and inspiring our future leaders to have a positive effect on the world."

Catalyst HTI is an industry integrator, bringing together relevant stakeholders in health-tech innovation -- from single-person startups and Fortune 500 companies to nonprofit organizations and healthcare providers -- to build a community in which collaboration and integration lead to accelerated innovation within the industry.

"We are thrilled to have Regis University as a member of our community," says Mike Biselli, president of Catalyst HTI. "Regis is a leader in cybersecurity and the protection of health-care information. The College of Computer & Information Science's ability to attract industry leaders to join its faculty will help us accelerate our health-care innovations."

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

Five Colorado architects receive AIA fellowships

Five AIA Colorado members have been elected to the American Institute of Architects College of Fellows in recognition of an exemplary career with a broad impact on the profession.

Those honored include:
 
  • Brian Chaffee, principal with Fentress Architects of Denver, who has led and designed projects ranging from the monument enclosure of the Iwo Jima Memorial to large and complex museums, headquarters office buildings, courthouses, convention centers and airports.
  • Charles Cunniffe, founding principal of Charles Cunniffe Architects in Aspen, who provided leadership for the Aspen Area Community Plan, Aspen's Civic Area Plan and Aspen's Municipal Facilities Master Plan.
  • Don Dethlefs, chief executive officer of Denver-based Sink Combs Dethlefs, who is known for his work on sports, event, entertainment and arena facilities.
  • Lawrence Friedberg, State Architect for Colorado, who has successfully championed the need for funding of public buildings by working with numerous governors and state legislators to refocus the state's deferred maintenance program to improve facilities throughout Colorado.
  • Mark Outman, principal with Fentress Architects, who has elevated the public experience of airport terminals and experiential civic buildings through architecture.

"The fellowship program acknowledges those architects who have made an extraordinary contribution to the profession and to society," says Cathy Rosset, executive vice president and CEO of AIA Colorado. "Each of these individuals has helped to transform the practice of architecture through community collaboration, solid management and creative problem solving."

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

Logan House Coffee to open in Catalyst HTI

Logan House Coffee Company will open its second location at Catalyst HTI in River North.

Founded by friends Andre Janusz and Brooks Gagstetter in 2013, Logan House Coffee sources its beans from around the world and brings them to Colorado green to perform the roasting locally. Initially, Logan House Coffee was available only by deliver to customers' front doors and businesses. Recently the company added a retail location and moved its RiNo-based roastery to Stanley Marketplace in the Stapleton neighborhood. 

"We love the community focus of Catalyst," Janusz says. "We know how important community is to the success of a business, and we wanted to be in an atmosphere that offers a community feel -- a space that encourages work and creativity and engaging with those around you."

Located off the lobby in Catalyst, the 1,624-square-foot space will have a center counter and bar with style and finishes that reflect the RiNo neighborhood. Five Logan House roasts will always be offered on a monthly rotating basis, as well as beer, wine and specialty food items from local chefs, including breakfast burritos, pastries and charcuterie plates. The cafe will open early next year as part of Phase One of Catalyst.

"We are thrilled to be returning to RiNo, which has become the most innovative part of town," Gagstetter says. "And we are even more excited to be part of the premier project in the area."

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

Preservery chef to appear on Food Network's "Chopped"

One of Denver's own will be appearing on Food Network's Chopped at 8 p.m. Feb. 21.

Dave Hadley, sous chef at The Preservery, will face off against three other chefs preparing a three-course meal consisting of an appetizer, entree and desert. In each round, they have to use all the ingredients the show provides them, even if they are a little strange. At the end of each course, a panel of three guest judges chops one chef sho doesn't measure up. The last chef standing takes hop $10,000.

Hadley has been cooking at The Preservery since the beginning nearly a year ago. He discovered his love for food early on after spending time in the kitchen with his grandmother. A graduate of the Culinary Institute of America, Hadley has worked for many of Colorado's esteemed restaurants and chefs, including Acorn and the first Biju's Little Curry Shop.

Hadley also loves to teach kids about cooking and has been known to give impromptu classes when young friends stop by. 

"The Preservery is very proud to call him a leader on the kitchen team and grateful to benefit from his tireless drive, his attention to detail, his creative spirit and his passion and talent for making things taste delicious," says Whitney Ariss, co-owner of the restaurant. 

The restaurant will be closed the evening the show airs for a viewing party.

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

DAM revitalization spurs exhibit on North Building's history

With the Denver Art Museum's upcoming North Building revitalization project, an exhibition on the renowned modernist building, its history and its future will open Feb. 19.

"Then, Now, Next: Evolution of an Architectural Icon" will feature historical photos, original architectural sketches, building models and project renderings to tell the story of the North Building's evolution.

The exhibition showcases architect Gio Ponti's original vision for the building and explores how the North Building has served an expanding and diversifying community since opening its doors in 1971. 

It also features the museum's future plans and outlines the guiding principles for the revitalization project: Responsibly managing and caring for buildings and collections, offering a superior visitor experience, unifying the campus and inviting the entire community to enjoy the museum and programs.

The historic Western American art galleries will close to the public after Jan. 29 for the North Building revitalization project. A selection of artworks from the DAM's collection will be on view at History Colorado in "Backstory: Western American Art in Context," opening March 18. Contemporary Western American art will remain on view on the second level of the Hamilton Building.

The North Building revitalization project is being funded, in part, by a $25 million pledge from Lanny and Sharon Martin, the largest financial gift in the museum's history. In recognition of the Martins' gift, the North Building will be renamed the J. Landis and Sharon Martin Building.

Designed by Boston's Machado Silvetti Architects and Fentress Architects of Denver, the revitalization project is estimated at $150 million. Key project elements include bringing the museum's renowned educational programs to the center of the campus, expanding gallery spaces for growing collections, including Design and Western American art, completing Ponti's original vision for visitor access to stunning seventh-floor views, exterior site improvements, a new welcome center and updating environmental and other key systems to current-generation technology.

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

Denver housing inventory hits record low

The number of homes on the market in metro Denver dropped 6.47 percent to 3,989 in January -- an all-time low for any January on record, according to a recent report from the Denver Metro Association of Realtors (DMAR).

"Low housing inventory has been a key driver for over two years now, and I don't see that changing any time soon," says Denver real estate agent Steve Danyliw, chairman of the DMAR Market Trends Committee. "Historically, inventory follows a seasonal pattern. We see the bottom in January to February, then peaking in late August to September. The second driver is mortgage interest rates. All predictions indicate a steady rise in interest rates throughout 2017. This could compel buyers that are sitting on the sideline to get into the big game."

The number of homes sold declined by 33.21 percent in January, compared to the previous month, but the average sold price increased 3.86 percent to $448,373. The median sale price remained relatively unchanged at $380,000. Year-over-year housing prices have increased 9.25 and 9.99 percent in the average and median sale prices, respectively.

"Sellers are thrilled by the price appreciation and buyers are frustrated by the low inventory," Danyliw says. "If you're a real estate agent working with a homebuyer under the$400,000 price point, you have a front-row seat to a real estate feeding frenzy."

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

Closetbox awards scholarship to student entrepreneur

College student Josh Doering was selected from 120 applicants to receive the $5,000 Closetbox Entrepreneur Scholarship, an award that recognizes the importance of those starting a business to stay in school through the end.

Denver-based Closetbox selected Doering, a student at Morningside College Sioux City, Iowa, for his ability to take an idea and turn it into something real and functioning. Doering saw the need to increase safety and efficiency on the farm where he grew up and created Seed Slide, a remote box opener that is useful for adding safety and convenience into any bulk seed tote operation. 

"In various startup communities, a negative view of college education has taken hold, and we take issue with this," says Marcus Mollmann, Closetbox founder and CEO. "We believe in keeping bright young people in school through the end, as these minds are starting the businesses of tomorrow."

Closetbox, a full-service storage company, has grown to more than 60 locations in two years. The company provides free pickup and handles the heavy lifting to move customers' belongings from their homes to secure storage facilities. the company inventories a customer's items, then provides them with a personalized dashboard so they can view their items online. From the dashboard, customers can request any or all items to be returned on demand.

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

Regus opening new coworking concept in Ballpark

The largest provider of flexible workspace globally is bringing its new coworking space concept to Denver. 

Regus plans to open SPACES Denver-Ballpark Feb. 27 in a historic building at 2301 Blake St., featuring 40 dedicated desks, a 5,000-square-foot business club, three meeting rooms for members and community residents and concierge-level hospitality services. Coworking memberships start at $199 a month. SPACES will also offer 140 private offices starting at $650 a month.

"The Millennial customer is going to be attracted to the building and the neighborhood," says Michael Berretta, vice president of network development for the Americas at Regus. "It will also be attractive to a whole host of companies, whether it's corporations, law firms or media companies. What we're seeing is increased demand for that type of location close to restaurants and evolving residential growth areas."

Regus is opening SPACES locations across the country and around the world.  Locations that are already up and running include Amsterdam, The Netherlands; London and Liverpool in the United Kingdom; Long Island City, N.Y.; and Menlo Park, Calif. It has plans to open locations in France, Norway, Italy and Switzerland later this year.

"Our strength is a global network," Berretta says. "When a company looks to us for this type of environment, they're getting more than a single location."

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

DIA celebrates Colorado's Western lifestyle with exhibit

Travelers at Denver International Airport can experience the history of Colorado's Western lifestyle through the Arts and Culture Program's latest exhibit: "True Colorado: Western Heritage, Then & Now."

The exhibit, located at the Ansbacher Hall in the Jeppesen Terminal on Level 6 before A Bridge Security, is on display through March. It celebrates the western cultural history of the state and features past and present artifacts and information.

The Mayor's Office of the National Western Center, an initiative of Denver Mayor Michael Hancock, plus four significant Colorado establishments are featured for their contributions as tourist destinations, educators and beacons for important cultural and Western traditions. The exhibit explores the history, future vision and creativity of each operation as they forge into the future while still embracing their long-running Colorado legacy.

In addition to the Mayor's Office, participating exhibitors include the National Western Stock Show, Colorado State University Extension's 4-H, Rockmount Western Wear Manufacturing Co. and The Colorado Saddlery Co.

DIA's Art and Culture program administers the City and County of Denver's 1 percent for art ordinance, which enhances public places and features nearly 34 site-specific works, including sculptures, murals and other installations. Pieces are displayed in outdoor landscapes, inside Jeppesen Terminal and on airport concoures, as well as in the train tunnels and on the train itself.

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.

Healthcare crowdfunding platform joins Catalyst HTI

A healthcare-focused crowdfunding platform is the latest tenant to sign on with Catalyst Health Tech Innovation, an industry integrator that’s bringing together relevant stakeholders in health-tech innovation.

Seattle-based angelMD is will lease space in the 300,000-square-foot building under construction on the west side of Brighton Boulevard between 35th and 36th streets.

"We are looking forward to working with Catalyst HTI to accelerate digital health innovation in Denver and across the country," says Tobin Arthur, founder and CEO of angelMD. "Our partnership will be a valuable asset to drive change in how individuals, especially medical professionals, invest in the innovation taking place throughout the healthcare industry."

As one of the fastest-growing technology markets in the United States, Denver is becoming a favored location for many startups from across the country, including those in health IT. Denver has attracted a new and innovative culture that combines favorable cost of living, availability of talent and a great quality of life.  AngelMD’s goal is to tap into the innovation culture and add to the growing tech economy in the city.

"AngelMD will find the Denver community welcoming and engaging," says Mike Biselli, president of Catalyst HTI. "This is the perfect environment for them to thrive, and we are excited to embed their innovative investment marketplace operations within the Catalyst HTI community."

AngelMD connects medical startups, physicians, investors and industry through a digital platform that leverages the strength of its growing network of experts. It enables startups to create profiles in the site and develop exposure to potential investors, customers and acquirers.

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.
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