Block 162 Begins Construction on Speculative Basis

Block 162 rendering courtesy of Patrinely Group.

 A joint venture led by Patrinely Group and USAA Real Estate announced that construction has officially commenced on Block 162, a 595,000-square-foot office building located at 675 15th  Street between Welton and California Streets in downtown Denver. Construction is slated to be completed December 2020.

“Given the continued strength of the Denver marketplace and the lack of available large blocks of Class A space, we recognized that now is the right time to bring a prestigious building like Block 162 to the urban Denver market,” said Robert Fields, president and CEO of Patrinely Group. “We believe that this state-of-the-art building will continue the amazing transformation of downtown and provide prospective tenants a true 21st century work environment for their employees.”

The 30-story Class A office building will include 20 floors of office space on levels 11 through 30 with an average floor plate size of 29,500 rentable square feet. The building will also include 9,900 rentable square feet of ground-floor retail in three retail leased spaces. Parking will be offered at a ratio of 1.7 cars per 1,000 rentable square feet with parking spaces located within three underground parking levels and a 10-floor above-grade podium garage.

The office building will feature an 11th floor amenity area, open exclusively to the building’s tenants, with a fitness center, social lounge, and conference and meeting space. These interior amenity areas will provide direct access to the building’s sky terrace, also on the 11th floor, which will include a manicured outdoor roof garden with a dedicated exercise lawn as well as seating areas and fire pits. The fitness center features expansive operable glass walls that open onto the exercise lawn, along with an indoor area complete with yoga, cardio stations, free weights, and private showers and lockers.

Project partners include Patrinely Group as the developer; Gensler as the architect; Swinerton as general contractor; and Cushman & Wakefield as the landlord’s broker, represented by Doug Wulf and Todd Wheeler, under the direction of Dennis Tarro of Patrinely Group.

“We are incredibly excited to have been chosen to lead the leasing efforts of what is sure to be the preeminent new office building in the Denver marketplace,” said Doug Wulf, executive managing director of Cushman & Wakefield. “In terms of design, floorplate size, amenities and location, Block 162 is the new gold standard in Denver.”

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