DENVER—Portman Holdings and Hensel Phelps say construction on Union Tower West, the vertically-stacked mixed-use Denver's Union Station neighborhood, will begin with a groundbreaking ceremony on April 9. The building's 180-room hotel will be a Hotel Indigo hotel—IHG's (InterContinental Hotels Group) upscale boutique brand. Canyon Capital Realty Advisors has provided equity financing and Regions Bank will provide a construction loan for the approximately $92 million development which is sited at 1801 Wewatta St.
“Canyon is excited to be part of the transformation of Denver's downtown by partnering with an experienced development team,” said Marti Page, senior director at Canyon Realty.
Plans for Union Tower West include a 210,000-square-foot mixed-use development featuring 100,000 sq. ft. of class A office space and the Hotel Indigo hotel accompanied by 10,000 sq. ft. of food and beverage concepts.
“We feel that the design of this building, and its vertically-stacked multiple uses, complement and enhance the appeal of LoDo, where we're thrilled to be developing property,” said Portman Holdings CEO Ambrish Baisiwala. “We know that the Hotel Indigo brand approach will bring a strong local feel and the character of the Union Station neighborhood to life within this distinct property.”
John Portman & Associates is providing architectural services, and general contractor Hensel Phelps plans to complete construction within 20 months. Travis Garland of Portman Management is collaborating with Colliers International for office leasing activities.
Throughout the past 60 years, Portman Holdings has developed more than 50 million square feet of premium real estate around the world with a focus on hospitality, office and mixed-use properties.
From planning and design to construction and facility management, Hensel Phelps works to solve its clients' challenges from start to finish. Hensel Phelps clients, both domestic and international, have entrusted them with a tremendous range of landmark projects, in nearly every market sector.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
