Colorado-Real-Estate-Journal_408466

Page 8 - July 3-16, 2024 www.crej.com F rom the constructionof tene- ments in the 1800s to thehigh- rise steeland concrete luxury residential towersbuilt today, for-renthousinghas comea longway.Butone constant is the useofwood tobuild rentalhous- ing.Over theyears,architectsand engineershavepushed the limitsof whatwood cando,and theadoption of the 2015 InternationalBuilding Codeallows this to continue. Not everyone ishappy though. continueddemand forhousing,esca- lating construction pricesand theabil- ity toachieve even higherdensities under the recent IBC,wedon’tantic- ipate thenumber ofnewwood-frame buildingsadded to theDenver land- scapewilldimin- ability todesignapodiumbuilding basedon theoverallbuildingheight. Podiumbuildingswillno longer be restricted toonlyone levelof podium structurebelow thepodium deck. This givesdesigners theability to designa seven-story,midrisebuild- ingwith five levelsofwood-frame constructionover two levelsof con- cretepodium –allabove grade.With thisadditionalabove-grade levelof concrete, the flexibilityandoppor- outof the ground to save the costof building subterranean,which is typi- cal in traditionalpodiumdesigns. Anotheroptionwouldbe to leave the subterraneanparking,which allowsanadditional levelof residen- tialunitswithin the concretepor- tionof the structure, thus increasing density.Bothoptionswill change how thedesignworldand residen- tialdevelopers lookat thepotential ofa site. When evaluatinganapartment Photography©BradNicol The2015 InternationalBuildingCodeofferswood-frame construction theability todesignapodiumbuildingbasedon theoverallbuildingheight.Podiumbuildingswillno longerbe restricted to only one level of podium structure below the podium deck. October 2015 New wood-frame codes allow for more flexibility NathanSciarra, AIA Studio director, KTGYArchitecture + Planning,Denver 1536 Cole Blvd., Building 4, Suite 300, Lakewood, CO 80401 | 303-623-1148 | www.crej.com Jon Stern Publisher & Founder x 101 jstern@crej.com All rights reserved. No part of this publication may be stored, reproduced, or transmitted in any form or by any means without the publisher’s prior written permission. All contributed articles published in the Colorado Real Estate Journal represent solely the individual opinions of the writers, and not those of the Colorado Real Estate Journal. REPORT AN ERROR IMMEDIATELY (ISSN 1060-4383) Vol. 33 No. 13 www.crej.com EDITORIAL CONSULTANT: Jill Jamieson-Nichols PRODUCTION/GRAPHIC DESIGN: Heather Lewis ext.108 hlewis@crej.com CREJ CONFERENCE SERIES: Jon Stern ext.101 jstern@crej.com ADVERTISING: Lori Golightly ext.102 lgolightly@crej.com CUSTOMER SERVICE: Jolene Wollett ext.103 jwollett@crej.com EDITORIAL Avalon Jacka, Reporter Sales, Lease and New Development Projects: Office, Industrial, Multifamily, Retail, Health Care, Senior Housing, Hotel, Land Finance Transactions ext.107, ajacka@crej.com Kris Stern Associate Quarterlies Publisher: Office & Industrial Properties, Retail Properties, Multifamily Properties, Property Management, Health Care, Senior & Life Sciences Editor: Construction, Design & Engineering News; Property Management News; Who’s News; and Expert Articles, including Law, Accounting and Finance Publisher: Building Dialogue ext. 109, kostern@crej.com MARKETING Lori Golightly, Director of Client Services Advertising: Print & Digital Conferences: Exhibitor/Sponsor Information ext. 102, lgolightly@crej.com technology and more while growing our roots in Denver.” Situated at the center of the central business district, 1801 California St. is surrounded by transportation, retail and res- taurant options. On-site ameni- ties include a tenant conference facility, fitness center and garage parking, as well as several din- ing options, including Chef Troy Guard’s Guard and Grace steak- house, 1801 Eatery and ink! Cof- fee, according to previous report- ing. The property is near major attractions including Union Station, Empower Field at Mile High, Coors Field, Intermountain Health St. Joseph Hospital and Metropolitan State University of Denver. The 1.3 million-sf building, which is Denver’s second-tallest office building at 54 stories, is owned by Brookfield Properties and managed by CBRE. CBRE’s Rob Link, Ryan Link, Harrison Archer, Paul Tingley, Kiana Akina and Amelia St. John brokered the sublease on behalf of the subtenant. The firm was attracted to the space due to the “quality building with solid ame- nities providing a professional atmosphere with opportunities to expand in the future,” a CBRE representative said. The subland- lord was represented by Tim Har- rington, Eddie Kane and Tally Latchman of Newmark. “This transaction is a great example of the continued faith in Denver being a great environ- ment for law firms to thrive,” said Archer. “Our team remains active in advising law firms as they con- sider and make commitments in Denver as the industry continues to be at the forefront of tenant activity in the market.” “Partnering with Frost Brown Todd to find their perfect new home in Denver’s central busi- ness district has been an excep- tional privilege,” added Ting- ley. “Leveraging their extensive national expertise, we swiftly pin- pointed an attractive space in an amenity-rich building, enabling them to promptly establish their presence in the Denver market.” Frost Brown Todd is a full- service law firm with 17 offices across nine states and Washing- ton, D.C. and more than 575 prac- ticing attorneys. Other News n METRO COLORADO SPRINGS – Cascade Commer- cial Group facilitated three office deals in the Colorado Springs area. RowCal leased 11,517 square feet at Sinton Pond Office Build- ing, located at 3630 Sinton Road, doubling its presence in Colorado Springs. The property manage- ment company will occupy the third floor of the building begin- ning in September or October. Cascade Commercial’s Ted Link represented the landlord, 3630 Sinton Road LLC. Mike Suggs of Highland Commercial Group represented the tenant. Taylor CPA leased 2,129 sf at Gleneagle Office Building II, located at 15455 Gleneagle Drive in Colorado Springs. The firm moved into the space in June. Link represented both the tenant and landlord, 15455 Gleneagle Drive LLC, in the transaction. FaceIQ subleased 1,991 sf at Tri- Lakes Medical Pavilion, located at 17230 Jackson Creek Parkway in Monument. The facial and medical spa clinic has opened its new space. Link represented the sublandlord, Summit Dermatol- ogy. Grant Seanor of Colorado Springs Commercial represented the subtenant. n COLORADO SPRINGS – An MEP engineering firm has leased space for a new office in the UMB Bank building. Petrichor Solutions LLC leased 3,299 sf at 101 N. Cascade Ave. from landlord BSP 101 LLC. The company offers its services to businesses, architects and con- tractors. Alex Dumas of Olive Real Estate Group Inc. represented the tenant in the lease. Taylor Stamp of Quantum Commer- cial Group Inc. represented the landlord. The building is located in Colo- rado Springs’ central business dis- trict, offering easy access to Inter- state 25, according to a LoopNet listing. Built in 1966, the 46,952-sf, Class B property includes on-site covered and uncovered parking, the listing noted. n FRONT RANGE – New- mark brokered numerous office deals along the Front Range. Moo Inc. leased 2,784 sf at Industry, located at 3001 Brighton Blvd. in Denver, from landlord Trigild. Moo Inc. is a business card printer. Newmark’s Grace Lessard and Whitney Hake represented the landlord. Cresa Denver represented the tenant. TRS Corp. leased 2,124 sf at 5550 Tech Center Drive in Colo- rado Springs from landlord Tech Center Building LLC. The com- pany provides transportation resource services, including proj- ect management, project design support, right-of-way acquisition and relocation assistance, accord- ing to its website. Newmark’s Tim Agee represented the tenant, while the landlord was unrepre- sented. SNS Enterprises LLC leased 1,600 sf at 1465 N. Union Blvd. from landlord Maceau Union LLC. SNS Enterprises is a con- struction company based in Colorado Springs specializing in aggregate surfacing. Agee repre- sented the landlord, while the tenant was unrepresented. EXA Infrastructure subleased 1,453 sf at Taxi, located 3459 Ringsby Court in Denver. The company is a digital infrastruc- ture platform. Newmark’s Josh Pons and Andrew Blaustein represented the subtenant, while sublandlord Cohn Marketing was represented by Hughes Marino. n DENVER – A full-service advertising agency leased space in the Taxi II property. Amelie Co. leased 2,036 sf at 3457 Ringsby Court. The proper- ty is owned by Zeppelin Devel- opment. Taxi II features a com- munal conference room and a fitness center, according to Zep- pelin’s website. Jeff Caldwell and Eric Shaw of Pinnacle Real Estate Advisors LLC represented the tenant, while Zeppelin represented itself in the transaction. n PARKER – The Stroh Pro- fessional building is fully leased following the signing of two new leases. Both tenants signed long-term leases for spaces in the build- ing, located at 12760 Stroh Ranch Way, off South Parker Road. Built in 2001, the property is owned by landlord JF Enterprises LLC. Tommy Daher and Mitch Trev- ey of Trevey Commercial Real Estate represented the landlord in both transactions. The Veneer Source signed a lease for 715 sf in Suite 201. The company sells domestic, exotic, reclaimed, salvaged, dyed and fumed wood veneer, according to its website. Daher also repre- sented The Veneer Source in this transaction. Mindful Minds Psychiatry, a current tenant of the building, is expanding into 576 sf in Suite 204-A. Brady Kinsey of Kinsey & Company Commercial Real Estate represented the group in its lease as it continues to grow across the Front Range. s Frost Continued from Page 6