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Palisade Partners Breaks Ground on Nine-Story Mixed-Use Project in Five Points

DENVER — Palisade Partners, a Denver-based real estate firm focused on developing innovative and sustainable multifamily and mixed-use projects, today broke ground on The Hooper, a nine-story mixed-use project located at 2600 Welton Street in Denver‘s historic Five Points neighborhood. Denver Mayor Michael B. Hancock, District 9 City Councilman Albus Brooks and other community partners attended the groundbreaking, which took place on the future site of The Hooper, immediately adjacent to The Rossonian Hotel.

Denver Mayor Michael B. Hancock signs the groundbreaking shovel

Slated to open in 2021, The Hooper is named for Benny Hooper, a prominent Five Points businessman who opened the Ex-Servicemen’s Club at 2626 Welton Street in the 1920s. Known for his unwavering commitment to the Five Points community and love for jazz, Hooper also founded the Casino Caberet – now home to Cervantes’ Masterpiece.

The Hooper will include 33,000 square feet of class A office space with one level each of above- and below-grade parking, as well as approximately 6,400 square feet of ground-floor retail space, planned for Busboys and Poets. Founded by owner Andy Shallal, this will be the restaurant’s first location outside of Washington, D.C.

“Five Points has a rich history of community partnership and entrepreneurship that is attracting businesses and residents who want to be part of something greater than themselves,” said Paul Books, president and founder of Palisade Partners. “Every detail of The Hooper is meant to foster a sense of community and ownership within Five Points, empowering this neighborhood to build upon its diverse and inclusive culture.”

Designed by Craine Architecture, The Hooper will also include 103 apartment homes – including 78 micro-units ranging in size from 350 to 500 square feet – with two- and three-bedroom options on the top two floors. The Hooper features an extensive amenity package including an on-site fitness center, resident lounge, community kitchen, large and small storage spaces, golf simulator and top-floor lounge with sweeping city views.

Additional team members collaborating on The Hooper include Hyder Construction and FirstBank.

In partnership with Five Points Development Corporation and Impact Empowerment, Palisade Partners is hiring members of the Five Points community for skilled and unskilled trade opportunities for The Hooper, providing training and mentorship to benefit workers and their families.

Palisade Partners’ other projects in Five Points include The Wheatley, an 82-unit apartment community with 14 townhomes and 3,800 square feet of ground-floor retail space, The Lydian, an eight-story, mixed-use transit-oriented development at 26thand Welton Streets, the Brownstones at King Stroud Court which includes 26 for-sale townhomes, and the restoration of The Rossonian Hotel.

Photos courtesy of SideCar PR

 

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