Construction is scheduled to start this summer on the 11-story, 308,000-sf building across from Civic Center Park and near Denver City Hall and the state Capitol building. The papers, which remain competitive editorially, are scheduled to move into the building by Labor Day 2006.
The DNA is paying about $220 per sf for the land. The sellers are the Hallack Family Trust, whose heirs are the Cowperthwaite family in Denver, the Buell Foundation and the Blecker Family Trust. The Cook family, another prominent Denver family, also owns a piece of the parking lot, but the DNA didn't buy their parcel because it didn't need it for the office tower.
The building will have about 710 parking spaces, some underground and some on the surface. It also will have about 8,000 sf of retail space on the ground floor. There will be entrances to the building on Broadway and Colfax. The building will have 45,000-sf floorplates. Developer Bill Mosher says it will have the largest floorplates of any privately owned Downtown office building.
John Huggins, economic development director for the city, tells GlobeSt.com the intersection, which is one of the entryways to Downtown, is under-utilized and the office building will be a welcome addition to that part of the city.
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