Colorado-Real-Estate-Journal_480332

Page 8 - September 3-16, 2025 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. Therehasbeen some recentback- lashabout thenumberof four-and 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- 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. 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 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. 34 No. 17 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 by Avalon Jacka LAKEWOOD – A Las Vegas- headquartered general contractor is expanding into the Colorado market with a new office. Martin-Harris Construction will open the 4,131-square-foot office at 1819 Denver West Drive, Suite 225, in September. “We’ve built our legacy on con- sistency, trust and lasting partner- ships,” said President Guy Mar- tin. “Colorado isn’t just part of our expansion – it’s part of our future. We’re proud to have lead- ers in place who live here, build here and are already making a difference in this community.” The company has long-estab- lished ties to the Colorado region and has been operating out of a temporary space since late spring. “This isn’t about opening doors – it’s about continuing the work,” said Martin-Harris Senior Vice President of Operations Derek Krider. “Our leadership has been building in this region for years. Through Martin-Harris, we’re reinforcing that commitment with the people, resources, and partnerships to serve Colorado for the long haul.” The expansion allows the com- pany to continue to support its long-standing regional clients while bolstering the state’s ongo- ing growth across the multifam- ily, industrial, office, retail and aviation sectors. “From industrial tilt-up to mul- tifamily housing, we’ve seen first- hand the opportunity and energy in this market,” said Martin-Har- ris Project Executive Will Crooks. “Our work here is rooted in local knowledge, long-standing rela- tionships and a shared drive to get the job done right.” “Colorado has high expecta- tions – and so do we,” added Martin-Harris Project Executive Megan Boyd. “Every project we take on is personal. We know the market, we know the standards, and we know how to deliver.” Martin-Harris was represented by John Wickliff of A&W Man- agement Company LLC in its direct lease deal with landlord DPC Cos. Martin-Harris Con- struction was attracted to the property’s central location, the space’s favorable lease terms and the layout of the existing space, according to a representative for the company. The firm will uti- lize the existing build-out in the “second-generation” space, the representative said. The building’s amenities include a fitness facility with showers, lockers and a tenant lounge, and a recently renovated building lobby, elevators, rest- rooms, common corridors and landscaping. The property offers direct access to Interstate 70 and proximity to retail and dining options at Denver West Village and Colorado Mills mall. Established in 1976, Martin- Harris Construction is a full- service general contractor with additional offices in Las Vegas and Reno, Nevada. The company offers preconstruction, design- build, construction manager at risk, and general contracting ser- vices across the Southwest. Mar- tin-Harris has delivered projects in a range of asset classes, includ- ing office, industrial, hospitality, health care, education and mul- tifamily. Other News n GOLDEN – A 25,438-square- foot office property in the foothills traded hands for $1.35 million in August. International Union of Eleva- tor Constructors Local Number 25 purchased the property at 573 Park Point Drive from Centers for Spiritual Living, a Califor- nia-based nonprofit corporation. Heather Taylor and Anthony Palumbo of Impact Commercial Real Estate represented the seller in the transaction. The buyer bro- ker was not disclosed. “This transaction reflects the strong appeal of well-positioned office assets in the foothills corri- dor,” Taylor said. “(The building at) 573 Park Point Drive offered the right combination of location, amenities and functionality to meet the buyer’s long-term needs while delivering a successful out- come for our client.” The asset provides convenient access to Interstate 70, mountain views and a flexible layout allow- ing for an owner-user headquar- ters, corporate retreat or mult- itenant occupancy, a statement from Impact said. Built in 1986 on a 4.24-acre site near the base of Genessee Park, the building includes an atrium, conference center, landscaped courtyard and abundant on-site parking. The property is also near dining and retail options at Genesee Town Center. n BROOMFIELD – An 11,640- sf office building proximate to the West 120th Avenue-Main Street intersection sold for $1.85 million in July. Broomfield Islamic Communi- ty Center of Colorado acquired the building at 6855 W. 119th Ave. from TBNT LLC and Colorado Consolidated Holdings Group LLC , according to Broomfield County public records. Mark Alley of Pinnacle Real Estate Advisors LLC worked with both sides in the transaction. “This listing attracted consider- able interest, resulting in a strong owner-user demand,” Alley said. “The property’s prime location and versatile design drove its appeal, closing at $158 per square foot.” Built in 1976 and renovated in 2014, the 0.92-acre property fea- tures B-2 zoning and a 3.44:1,000 sf parking ratio, according to a LoopNet listing, The asset is located in a “competitive submar- ket with very little inventory,” the listing said. n PARKER – A national red light therapy provider signed a long-term lease for office/flex space within Villages at Parker. Dagsbrun LLC, doing business as Red Light Method, leased 2,025 sf at 10450 S. Progress Way, Unit 105. Landlord Villages at Parker LLC was represented by Heath Honbarrier of Trevey Commer- cial Real Estate in the direct deal. Red Light Method will offer FDA-cleared red light therapy sessions to support body contour- ing, skin rejuvenation, pain reduc- tion, improved sleep and more, as well as an infrared sauna, power plate experiences and Pilates. The company has more than 50 new locations in development across the country, including a location in Fort Collins. n DENVER – A corporate housing property management company relocated its corporate headquarters from the west sub- urbs to the Santa Fe arts district. AvenueWest Global leased 1,540 sf at 1045 Santa Fe Drive and opened the new space in July. The relocation from its Lake- wood offices underscores the Martin-Harris expands office presence into Colorado market Please see AvenueWest, Page 15