KDC, a leading developer of corporate build-to-suit campus projects, and Denver-based master developer, L. C. Fulenwider, Inc., have teamed up to add 1 million square feet of build-to-suit office, as part of the Peña Station NEXT mixed-use community.
Located at the first transit station out of Denver International Airport (DEN), this master planned, mixed-use, transit-oriented development was co-developed by L. C. Fulenwider and the Real Estate Division of DEN. Peña Station NEXT offers state-of-the-art smart, sustainable technology throughout a vibrant, connected live, work and play community for the NEXT generation.
“This project and location are perfectly situated to deliver what corporations are looking for – transit-oriented, mixed-use and walkable,” said Chris Selbo, vice president of development for KDC. “Peña Station NEXT offers a wide range of build-to-suit site options for stand-alone campuses.”
Peña Station NEXT is home to Panasonic CityNow and 218 multi-family housing units, with an additional 600 multi-family units with ground-floor retail currently being planned. The development is also home to the 226-room Hyatt Place Hotel, located within walking distance to the rail stop. Peña Station NEXT will also offer dining, retail, and entertainment options. Additionally, there is over 1 million square feet of office space in Peña Station NEXT that will be developed with the KDC partnership.
“Fulenwider is excited to continue the development of Peña Station NEXT with a strong partner. KDC’s experience in developing sustainable office complexes is the perfect fit for our community and we are looking forward to our shared success,” said Ferd Belz, president of L.C. Fulenwider, Inc.
“Peña Station NEXT is the great activator for the Metro Denver region’s economic expansion. Leveraging our highly educated workforce, proximity to Denver International Airport, connection to a robust mass transit system, and forward-thinking development planning, Peña Station NEXT creates a destination for people and businesses to locate and thrive in one of the nation’s leading economies,” said Sam Bailey, vice president of Economic Development of the Metro Denver Economic Development Corporation. “We look forward to showcasing how Peña Station NEXT is a fantastic location for diverse industries to consider and call home.”
“A unique option for corporate users valuing both ease of travel and proximity to a large metro area, this transit-oriented development opportunity at Peña Station NEXT is located at the first rail stop on the way from Denver International Airport to downtown Denver. Already home to FlightSafety International and Panasonic’s state-of-the-art facility, Peña Station NEXT represents one of the next great, smart, sustainable mixed-use communities in the U.S.,” said NKF’s Lee. “In context to the impact of COVID-19, the site’s build-to-suit, single-tenant building, customized office space and large campus options will attract tenants from across the U.S.,” added NKF’s Hart.
KDC is currently developing Santa Fe Yards as part of Denver’s Broadway Station development.