DENVER – East West Partners, a Denver-based developer devoted to building, selling, and managing high-quality real estate, and its partner Ascentris, a Denver-based real estate private equity firm, just announced that the sales center for The Coloradan will open on July 15. With the startling lack of condominium inventory in downtown Denver, The Coloradan — a 334 unit condominium property located directly behind Denver’s Union Station — is experiencing a high level of interest from potential buyers.
The new sales center will be located inside of WeWork, in the Triangle Building, at 1550 Wewatta Street. Open houses for prospective buyers to view floor plans, renderings, finishes and pricing will take place from 10:00am to 6:00pm on July 15 and 12:00pm to 4:00pm on July 16.
“WeWork is a great place for us to locate our sales center,” said Brad Arnold, vice president of sales & marketing for The Coloradan. “It’s a new kind of work space, with an energy all its own, and The Coloradan will be much the same.”
The highly-anticipated Coloradan is the only opportunity to own a private residence in the Union Station neighborhood. The building will begin taking contracts in August. Construction began in August 2016 and is scheduled to be complete in late 2018.
“East West Partners has been developing condominiums in downtown Denver since 1999,” said Chris Frampton, managing partner of East West Partners. “We’ve been lucky enough to participate in some pretty great projects, including our role as co-master developer of the Union Station neighborhood, and in many ways, all of that work has led to The Coloradan. It is the culmination of almost two decades of learning. It’s the final piece of the Union Station puzzle, and we’ve designed it to be an incredible place for Coloradans to call home.”
The Coloradan will boast outstanding views of downtown and the mountains, and its design will complement the historic Union Station building, which serves as the hub of Denver’s extensive transportation network. Its location on Wewatta Street is across from the new downtown Whole Foods opening in late 2017. This means residents can walk across the street to restock their pantries. The Coloradan will include 19,000-square-feet of ground floor retail. The retail will feature an inviting open-floorplan design, offering experience-driven, high-quality restaurants, shopping, and services that will actively connect residents to the city. The A-Line train to Denver International Airport located just steps from the building’s entrance will connect residents to the rest of the world.
Amenities include a rooftop pool deck and club room, residents’ lobby, fitness room and residents’ garden as well as a parking garage with 432 spaces. In addition, The Coloradan will be LEED Gold and Certified Healthy, a Denver-based certification program that recognizes exceptional projects that integrate healthy standards and encourage healthy lifestyles.
The Coloradan launched marketing efforts earlier this year and has held several community and educational events for prospective homeowners. So far, the response has been overwhelming.
“We’re thrilled with the amount of initial interest in The Coloradan,” said Arnold. “To date, more than 1,700 people have joined our interest list and we continue to add to it every week. This speaks volumes about the desirability of condo living in the Union Station neighborhood. It’s no secret that Denver, and downtown in particular, is facing significant challenges with a lack of for sale inventory. The Coloradan is standing out as a very welcomed solution to that problem.”
The Coloradan is being developed by The Coloradan Development Company, LLC, a joint venture between East West Partners and Ascentris. GE Johnson Construction Company is the general contractor and project management services for the project are being provided by BuildMark. The project’s architect is GBD, based in Portland, Oregon and Denver-based design firm Semple Brown is leading retail design. Urban Legend Retail and The F+B Group will be curating and marketing the retail space.
Image courtesy of East West Partners.