Cherry Creek office renovation

John Rebchook — Thu, 22 Dec 2011 18:59:22 +0000

A highly visible office building at the crossroads of the western edge of Cherry Creek, 101 University, is getting a major makeover.

The building at 1st Avenue and University, the with the most traffic of any intersection in Cherry Creek, is being transformed into a “welcoming gateway,” the building’s owner said on Thursday.

“We’re looking forward to taking the first step towards enhancing this valuable property and providing another real estate gem to Cherry Creek North,” said David Steel of Western Development Group, the development team that continues to make important strides to improve and upgrade real estate in this prime Denver neighborhood.

The corner of 1st Avenue, which turns into Speer Boulevard, and University Boulevard, draws an average of about 100,000 vehicles a day, which means that 101 University provides a high-visibility address for tenants in an area with high barriers to entry, which limits the supply of new buildings.

The office vacancy rate in the area is only 10.84 percent, the lowest of any major market in the Denver area.

“This is a prime office building in a tremendous location, and our renovation work will make it an even more desirable place for a company’s business address,” said Steel. “It just needed to be given the proper time and attention to maximize its potential.”

Exterior and interior renovations are underway, including the removal of the building’s dated blue and cream colored tile over the east entrance vestibule. In order to avoid any impediments to raffic, a temporary entrance has been made available on the west side. Complete renovation of the building is scheduled to begin in March, and the building will be ready to commence tenant improvement work in early summer.

In addition to removing the exterior tile, the renovation work is planned to include:

Expanding the glass storefront on the south and east sides of the building, making it a more visible and sunlit space.
Upgrading the front entrance, lobby, corridors and restrooms.
Enhancing the building’s landscape.
Replacing the building’s existing mechanical, HVAC, plumbing and electrical systems with Energy Star compliant specifications.
Adding covered walkways connecting the building entry to the parking lot.
Adding secondary entrance.
Improving entryway paving.
Improving exterior and interior lighting.
Adding access control with programmable card readers.
Providing upgraded elevators and building life safety systems.

Upon completion, Western Development Group is looking forward to welcoming returning tenants as well as new tenants. Available office space ranges from approximately 1,000 square feet to 50,000 square feet at the property. For leasing opportunities, Please contact Peter Staab or Nathan Johnson of Newmark Knight Frank Frederick Ross at (303) 892-1111 or visit this link.

Merchant Enterprises is handling the demolition work and WDG Construction will be responsible for the new construction.

Contact John Rebchook at JRCHOOK@gmail.com

Green Cherry Creek apartment available

John Rebchook — Mon, 05 Apr 2010 17:09:14 +0000

The $55 million Seasons of apartment community in Cherry Creek is loaded with green and luxury features.

RedPeak Properties today announced it has begun leasing the Seasons of Cherry Creek apartment, the first green apartment high-rise community of its kind in Cherry Creek. The 13-story Seasons is the first aparment community in Denver to receive the “Built Green” designation.

The new property is targeting a growing demographic of people who are making the decision to rent rather than own and have the burden of a mortgage.

“The Seasons provides many of the same luxuries that the new condo developments in Denver offer, but with people in mind who would rather rent than own a luxury residence,” said Mike Zoellner, chief executive officer. Monthly rents start at $1,880 for the large units.

“We’re filling an important niche by providing the option to lease rather than own a residence with access to 24- hour concierge, a media lounge and demonstration kitchen, a large fitness and massage therapy center, a private dog park, dry cleaning valet service and more. People who want the best an apartment building can offer will find it at The Seasons,” Zoellner said.

The Seasons, within walking distance of the Cherry Creek Mall and Cherry Creek North, includes 148 new high-rise apartments which are part of a $55 million expansion of the iconic The Seasons of Cherry Creek apartment community. With the addition of the new apartments, the community now has 587 luxury apartments in three high rise towers. The property offers a variety of monthly rental rates for one-bedroom plus den, two-bedroom and three-bedroom floor plans. There are other smaller green apartment buildings in Denver, too.

First Built Green apartment community

In addition to first class amenities and services, The Seasons was the first for-rent multifamily project accepted into Built Green Colorado’s multifamily pilot program. As part of the pilot, RedPeak implemented “green” standards designed to increase energy efficiency by 15 percent.

“Our new Built Green apartments symbolize RedPeak’s environmentally responsible approach to real estate development and our commitment to creating distinctive living environments,” said Zoellner. “As the first apartment development to be accepted into Built Green Colorado’s Multi-family Pilot Program, this building symbolizes the great things that happen when people harness their collective inspiration, ingenuity and humanity to achieve a singular goal: to provide a healthy and sustainable living experience to the people who call us ‘home.’” The Seasons’ green features and apartment amenities include: 100% smoke-free living; use of locally manufactured and recycled sustainable materials; used water-based, low-VOC paints and Shaw recyclable carpeting in all social spaces; extensive use of natural light and photocell switches; generous use of sustainable Travertine and porcelain tile; chemical-free mineral filtration pool system; full recycling with separate trash chutes on each floor; Energy Star appliances; upgraded energy-efficient exterior windows and doors; programmable thermostats; dual flush toilets and low-flow fixtures; large, efficient floor plans; floor-to-ceiling windows; hardwood flooring; upgraded insulated window treatments; slab granite countertops in kitchens and baths; custom cabinetry; soaking tubs; frameless shower doors; large walk-in closets; reserved garage parking; gas fireplaces; individual washer & dryer; private balcony with gas grill; demonstration kitchen; media lounge; private wine cellars; concierge services; bike maintenance and storage facility; Denver B-cycle Bike Sharing Program location;

Large floor plans

The Seasons expansion includes large floor plans. One-bedroom plus den floor plans range from 945 square feet to 1,195 square feet; two-bedroom floor plans range from 1,282 square feet to 1,512 square feet; and three-bedroom floor plans range from 1,652 square feet to 1,811 square feet. Rental rates range from $1,880 to $3,850 per month. Residents will also enjoy full access to the existing amenities at The Seasons of Cherry Creek, including its 10,000-square-foot private health club, complimentary yoga and Pilates classes, massage therapy and personal training services and private dog park. In addition, the site was selected as a Denver B-cycle Bike Sharing Program location.

All apartments are available for immediate move-in. Currently, all new leases are eligible for $2,400 in savings, representing a discount of $200 per month.

“We are proud to offer an environmentally friendly luxury rental option in Cherry Creek, a neighborhood epitomized by extremely high housing costs and very few rental options,” said Zoellner. “Our brand-new Built Green apartments provide new opportunities for Denverites to lead the ultimate urban lifestyle in one of Denver’s most prestigious – and walkable neighborhoods with the amenities and finishes typically found in for-purchase housing.”

Fentress the architect

The Seasons expansion was designed by Fentress Architects. Saunders Construction was selected as the general contractor for the project. The expansion of The Seasons of Cherry Creek represents RedPeak’s first ground-up development since the company was founded in 2001.

The Seasons’ leasing office is located at 3498 E. Ellsworth Avenue, just two blocks east of the Cherry Creek Mall in Denver. Leasing information, including floor plans, photos, pricing and availability, can be found at this link or by calling 303.394.4333.

RedPeak Properties is a full-service apartment owner, operator, developer and acquirer with an exclusive focus on Denver and Colorado’s Front Range. The company continually upgrades the value of its portfolio through the l development, redevelopment and repositioning of its assets. RedPeak strives to provide distinctive, highly amenitized residences close to key employment centers, public transportation and entertainment districts. RedPeak’s portfolio comprises 2,054 units located in Downtown Denver, Cherry Creek, Greenwood Village, Cheesman Park, Glendale, Littleton and Colorado Springs. Its current portfolio includes 1600 Glenarm Place, The Seasons of Cherry Creek, Timber Creek Apartments, Heritage Creek Apartments, Cottonwood Creek Apartments, Arboretum at Cheesman Park, Hunters Cove Apartments, Quail Ridge Apartments and Briarglen Apartments.

Complete company information can be found at this link.

Contact John Rebchook at JRCHOOK@gmail.com or 303-945-6865.

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Cherry Creek office renovation

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