DENVER – Holliday Fenoglio Fowler, L.P. (HFF) recently announced capitalization of Market Station, a 370,000-square-foot, Class A mixed-use development in the heart of Denver’s Lower Downtown (LoDo) district.
HFF worked exclusively on behalf of the developer, Continuum Partners, a Denver-based firm specializing in building urban, mixed-use developments, to arrange a joint venture equity partnership for the development of the property with Clarion Partners, LLC.
Due for completion in 2019, Market Station will provide a premier live-work-shop environment in the heart of the thriving LoDo district combining urban living space with best-in-class amenities, premier high-street retail and well-located office space. The property will consist of 225 multi-housing units; approximately 85,000 square feet of first- and second-floor retail; 95,000 square feet of office; and approximately 320 shared parking spaces operated in an all-valet system. The site occupies nearly a full city block bordered by 16th Street, Market Street, 17th Street and Blake Street.
“We are thrilled to be starting construction on Market Station, which will be the next great downtown development, similar in scale and significance to Larimer Square and Union Station,” said Roger Pecsok, development director at Continuum Partners. “While Denver has seen some extraordinary developments in the last few years, we believe Market Station is a unique project in an important location. Our goal is that Market Station will boost the retail vitality of this part of LoDo and 16th Street much in the same way Union Station has for the Wynkoop corridor.”
Continuum Partners has selected Kiewit Construction as General Contractor for Market Station. El Dorado Inc. out of Kansas City will serve as the lead design architect and BOKA Powell out of Dallas will be the architect of record. Todd Wheeler of Cushman & Wakefieldwill be the project’s office leasing broker while Continuum Partners will handle the retail leasing in-house.
Image courtesy of BOKA Powell.
