Colorado-Real-Estate-Journal_463660

Page 8 - June 4-17, 2025 www.crej.com INSIDE 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. Therehasbeen some recentback- lashabout thenumberof four-and five-storywood-frameapartments impactingDenver’sdowntown.With 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- ish. Themost sig- nificantbenefit thenew IBCoffers wood-frame construction is the 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- tunities to increasedensity, reduce costorbothbecomepossible. Options includepulling the tra- ditionalbelow-grade levelparking 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 site,adeveloper typically considers fourwood-frameapartmentdesigns: PAGE12 PAGE24 PAGE18 Photography©BradNicol The2015 InternationalBuildingCodeofferswood-frame construction theability todesignapodiumbuildingbasedon theoverallbuildingheight.Podiumbuildingswillno longerbe restricted to only one level of podium structure below the podium deck. PleaseseePage24 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. 34 No. 11 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 Office strategic insight allowed us to stay focused on what we do best: mentoring youth and impacting communities.” Established in 1918, BBBSC is the Colorado chapter of the nation’s largest mentoring net- work. BBBSC served more than 1,500 youths in fiscal year 2024, according to its website. Other News n LAKEWOOD – A freestand- ing office building at the corner of West Mississippi Avenue and South Pierce Street traded hands for the second time this year. Shine The Light Creative Productions LLC purchased the 7,134-square-foot building at 1111 S. Pierce St. from Albrook Partners for $850,000 in April. The sales price represents a $250,000 increase from Albrook Partners’ acquisition cost in Jan- uary. Jeanie Juanes King of Mod- ern Real Estate Co. represent- ed the buyer in the transaction. Brian Baker and Jason Russ of Fuller Real Estate represent- ed the seller; the Fuller team also represented the previous owner in the January trans- action, according to previous reporting. Built in 1984, the property fea- tures a 0.82-acre lot, 28 parking spaces, and heavy power, and the cinder block construction and brick façade of the building offer both security benefits and acoustical properties, according to a marketing brochure. The asset was originally construct- ed as a recording studio, and its zoning allows for retail, com- mercial, office, day care, and restaurant uses, or residential redevelopment. n PARKER – A secure-pay- ment software provider for contact centers leased 3,800 sf of high-end office space west of the E-470-South Parker Road interchange. Intranext Solutions Inc. signed a long-term lease for 18100 Woodman Drive, Suite 200. The lease began in April. The tenant was represented by Justin Rayburn of Foun- tainhead Commercial. David Marulli and Mitch Trevey of Trevey Commercial Real Estate represented the land- lord, Parker Water and Sani- tation District. The 25,257-sf, three-story building features high-end fin- ishes with furniture included, ample windows and natural light, views of the Front Range, and a 4:1,000-sf parking ratio, according to a listing brochure. The property is surrounded by numerous retail and din- ing options. The area within a 5-mile radius is home to 189,281 residents with an average household income of $142,581. n DENVER – A property management company signed a new lease for office space in Capitol Hill. LCP Management LLC leased 3,634 sf at 1127 Sherman St. The property is owned by the state of Colorado, according to Den- ver County public records. Eric Shaw of Pinnacle Real Estate Advisors LLC represent- ed the tenant in the transac- tion. Karen Clarke and Alex Shapiro of Transwestern Real Estate represented the land- lord, according to a leasing bro- chure. Constructed in 2009, the three-story building offers underground parking and proximity to walkable retail amenities along 13th Avenue, Lincoln Street and Broadway. s Continued from Page 6 Shine The Light Creative Productions LLC purchased the property at 1111 S. Pierce St. from Albrook Partners for $850,000, a $250,000 increase from Albrook Partners’ January acquisition. Brian Baker Jason Russ Intranext Solutions Inc. signed a long-term lease for 18100 Woodman Drive, Suite 200, with landlord Parker Water and Sanitation District.