DENVER-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that international real estate firm, Hines, in conjunction with Jordon Perlmutter & Co., just held a groundbreaking ceremony celebrating the start of construction on 1601 Wewatta. The new class A, 300,000-rentable-square-foot office building is located in the Central Platte Valley district of Lower Downtown Denver.
While the firm could not disclose construction costs or any financial information with GlobeSt.com on the project, the site is directly adjacent to the $480-million Union Station redevelopment project that is transforming the historic Union Station building into Denver's premier multi-modal hub for light rail, commuter rail and bus transit, according to Hines.
Hines will be developing the project in a joint venture with Jordon Perlmutter & Co., the current owner of the site, and JPMorgan Chase, who was recently selected to be the third-party equity partner for the project.
Dignitaries presiding at the ceremony were: Jay Perlmutter, principal, Jordon Perlmutter & Co.; Ken Lund, executive director of the Colorado Office of Economic Development and International Trade; Mark Cover, CEO of Hines' Southwest regional office; and Charles Elder, senior managing director, Hines.
“1601 Wewatta will set a new standard for Denver's Class A space, with its combination of world-class architecture and all the features of state-of-the-art office space in an irreplaceable location,” Elder says. “We are excited to have the opportunity to develop another landmark structure in LoDo.”
Check back with GlobeSt.com for an update on this story with more from Hines' director Gordy Stofer.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
