Tag: Downtown
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Downtown Denver’s Petroleum Building gets $14M for office conversion
Another office-to-apartment conversion project secured a loan from the Denver Downtown Development Authority on Wednesday. The DDDA Board of Directors approved $14 million in funding for a project to convert 12 floors of the historic Petroleum Building into 178 new apartments. The five-sided office tower is located across the street from the Civic Center Station…
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TIAA slates another round of layoffs ahead of Denver exit
Financial services firm TIAA will have another round of layoffs this year. TIAA will begin laying off 31 workers from its downtown office beginning Dec. 1, according to a filing to state officials required by the Worker Adjustment and Retraining Notification Act (WARN). The company is planning to leave its major Denver office building in…
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This developer will soon own 4 Denver skyscrapers. The plan? Convert them
A newcomer developer to Denver is growing his stake in downtown’s office market after two major deals at huge discounts that will leave him with four skyscrapers and more than 5% of downtown’s office supply. The Luzzatto Co. is buying the Denver Energy Center, the two towers located between Broadway and the start of 16th…
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Change is coming to Denver’s Civic Center Park. Some worry it’ll ‘damage’ historic features
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save As downtown struggles with rising office vacancies and 16th Street Mall construction, Denver is planning to revitalize a key part of its urban core: Civic Center Park. The park is a National Historic Landmark, the highest designation an historic site can get in the U.S.…
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Denver Ballpark improvement district measure approved
Third time’s the charm for downtown Denver’s Ballpark neighborhood. A majority of Ballpark property and business owners voted to make Ballpark a general improvement district, or GID, an area where properties are taxed to fund neighborhood improvements. In the election, 499 eligible property owners or residents voted in favor of a Ballpark district, or 87%,…
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Denver Milk Market now has skee-ball and hot dogs from Biker Jim’s founder
Lower Downtown’s Denver Milk Market has a few new changes after an extensive refresh project. The food hall at the Dairy Block announced it built a game room and has three new restaurants to its mix including a pop-up from Jim Pittenger of Denver’s iconic Biker Jim’s Gourmet Dogs. The Milk Market’s new arcade features…
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Downtown Denver seeks funding to refill 16th Street Mall’s empty shops
Denver is looking to use the last of its American Rescue Plan Act money for downtown’s recovery exclusively for 16th Street Mall. Small businesses operating in the downtown attraction were first hit by the pandemic and further disrupted by 16th Street Mall’s drawn-out renovation construction project, leading to closures and nearly a third of ground-floor shops…
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TIAA will close downtown Denver office 3 years before lease ends
Financial services firm TIAA will close its downtown Denver office in 2026 and relocate 1,000 positions to Texas, the company confirmed Tuesday. The closure will happen three years before TIAA’s lease expires in 2029. The move will “provide substantial savings in rent and operational costs – savings which TIAA can then invest in business needs…
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More companies leased Denver offices than vacated for first time in 2 years
The metro Denver region saw office vacancies hit nearly 24% in the second quarter, according to a report from commercial real estate firm CBRE released Tuesday. It’s up from 23.5% in the first quarter of 2024. Despite the rising number of empty offices in the region since the pandemic hit, Denver’s commercial real estate market…