DENVER – Hines, the Houston-based real estate firm, announced plans for a new 40-story office tower in Denver, the first building of that magnitude to be built in the Mile High City in nearly three decades.
“We are very excited about introducing this new icon to the Denver skyline. 1144 Fifteenth will set a new standard for Denver’s high-rise office space and enhance our city’s urban experience. It has been nearly three decades since Denver has received an office tower of this size and scale. We strongly believe that the quality and location of this building will be appealing to a wide range of tenants and ultimately, once finished, we feel this will be the premier asset in all of the Rocky Mountain west,” stated Hines Managing Director, Jay Despard.
Hines will be building the tower on a spec basis. The firm is also constructing a 1 million sf spec office tower in downtown Houston.
Located at 1144 Fifteenth, between Arapahoe and Lawrence Streets. The property will be the first office building of this height built in nearly three decades, and once completed, will be one of the tallest office buildings in Denver.
The 640,000-square-foot, Class A office building, located at 1144 Fifteenth, between Arapahoe and Lawrence Streets, will be adjacent to the Four Seasons hotel and condominiums, just one block away from Larimer Square in LoDo.
Construction on the building will commence in May 2015 and will be complete in December 2017. Peter Schippits with JLL has been selected as the lead broker for the project.
Designed by the acclaimed architectural firm Pickard Chilton of New Haven, Connecticut, the stunning structure will feature 25,000-square-foot, highly efficient floor plates.
Hines has been active in the Denver market since 1982 and currently owns and manages more than one million square feet across every major submarket. The firm has developed 1515 Wynkoop and 1601 Wewatta, mixed-use office and retail buildings in LoDo; Wells Fargo Center, a 50-story office tower in Denver’s CBD; 4600 South Syracuse, a 13-story office building in the Denver Tech-Center; and a four-story office building in Broomfield largely leased to GoGo.