Denver Hotel Market Shows Signs of Recovery
The continued rollout of COVID-19 vaccinations and additional stimulus funds have strengthened the foundation for the recovery of the U.S. lodging industry. According to the February 2021 edition of Hotel Horizons®, CBRE Hotels Research is forecasting an average national occupancy level of 43.0% during the first half of 2021, accelerating …
Multifamily/Mixed-Use Project to Break Ground in Platt Park
Narrate Companies, Shaw Construction and OZ Architecture will celebrate the ground breaking of 1230 S Pearl next month. Located along old South Pearl Street, the project will consist of 72 for rent units over approximately 6,000 square feet of prime retail and restaurant space. According to Shaw, this project will provide …
17-Story Apartment Community to Break Ground at 38th & Blake
McWhinney, in a joint venture with PGIM Real Estate, plans to break ground on FoundryLine this month, a new 17-story lifestyle-driven and luxury apartment community in the heart of Denver’s RiNo. Located on a 1-acre site adjacent to the RTD’s 38th & Blake A-Line commuter rail station, FoundryLine will feature …
Alec Wynne to Lead New Brokerage Skye Commercial
In an ongoing expansion of the company’s commercial real estate platform, Lowe, a national real estate developer, investor and manager, has formed Skye Commercial, a Denver-based full-service commercial brokerage firm focused on office, retail, industrial and hotel properties. Skye is led by Alec Wynne who brings more than 22 years …
Snyder Building Construction Nears Completion of Colorado’s First and Only USDA-Certified Bottling Facility
Snyder Building Construction, a Denver-based commercial general contractor, is nearing completion of a USDA-certified bottling facility called the Kitchen Network Bottling Company. The tenant improvement project expands the existing Kitchen Network’s commissary capabilities in the Westwood neighborhood. Local community development organization, BuCu West, champions the venture’s expansion. BuCu West offers focused attention …
420 Hotels Inc Sets Out To Become Nations First Cannabis Friendly Hotel Chain
Inspired by the founder’s first hotel property The Patterson Inn that has the fortuitous address of 420 E. 11th Avenue in downtown Denver, Chris Chiari, founder of The 420 Hotels Inc., is in the process of building a multi-location hotel chain that features the unique amenity of legal and licensed …
Clark’s Market to Anchor Exchange at Boulevard One in Lowry
Confluent Development, and its project partner, Kelmore Development, have announced Colorado-based specialty grocery store Clark’s Market as the co-anchor tenant for the Exchange at Boulevard One mixed-use redevelopment in Lowry. This Clark’s Market location represents the store’s seventh location in Colorado and the brand’s entrance into the Denver market, occupying …
Groundbreaking: Mixed-Use Community ‘The District’
On Wednesday April 7, Brue Baukol Capital Partners‘ latest mixed-use project ‘The District’ broke ground, adjacent to RTD’s Dry Creek Station in Centennial. Spanning over 36 acres, the mixed-use development will offer 2.5 million square feet of office space, a 200-key hotel, 1,800 residential units, and more than 30,000 square feet …
New JLL Hospitality Debt Report Shows Promising Road to Recovery
As the lodging industry continues to head down the road to recovery and many major lenders return to the market, JLL’s Hotel Investment Banking team recently released its Hospitality Debt Market Commentary to provide insights on the state of the market and identify positive trends. JLL’s Hotel Investment Banking team is …
Peak Innovation Park in Colorado Springs Secures $45M Financing
D.A. Davidson & Co. an employee-owned financial services firm with an office in Denver, has sold approximately $45 million of limited tax general obligation senior and subordinate bonds for the continued development of Peak Innovation Park, a 900-acre commercial development located at the entrance to the Colorado Springs Airport. The financings will …