{"id":1004053299,"date":"2011-09-25T18:34:37","date_gmt":"2011-09-26T02:34:37","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=18271"},"modified":"2022-12-01T02:03:57","modified_gmt":"2022-12-01T10:03:57","slug":"residential-development-to-spring-up-between-railroad-tracks-former-qwest-building-will-soon-be-up-for-grabs","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/residential-development-to-spring-up-between-railroad-tracks-former-qwest-building-will-soon-be-up-for-grabs\/","title":{"rendered":"Residential Development to Spring Up Between Railroad Tracks; Former Qwest Building Will Soon be Up For Grabs"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/p>\n

Union Station is close to having its first high-rise residential project as a local development company has plans to kick off a $60 million investment. The developer, Zocalo Community Development, intends to break ground some time next year, according to The Denver Post<\/em>. The project will play an integral role in linking Lower Downtown, Union Station, Riverfront Park and Highland.<\/p>\n

The large apartment community, which will tentatively be at the corner of 17th<\/sup> and Chestnut St., will comprise13 stories and 220 units\u2014a behemoth compared to the area\u2019s current offerings. The project will stand at equal 200-foot distances from the area’s rail lines, a consideration that was essential to Zocalo\u2019s partner, Iowa-based Principal Real Estate Investors. Financing for the project\u2014which will be seeking LEED Gold certification\u2014will be provided by Bank of the West.<\/p>\n

The Denver office market is waiting for a heavy intake of prime available space in the months to come since a major tenant is looking to vacate its current residence. 1801 California Street\u2019s former Qwest building is currently involved in a tentative sale that will most likely see Qwest\u2019s new owner, CenturyLink, look to exit its acquisition\u2019s former headquarters. The 880,000-square-feet the company currently occupies should be empty in the months to come. This would mean a massive amount of square footage available in Denver\u2019s third highest skyscraper, a property that companies are expected to flock to even considering the market\u2019s current state.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Alex Girda, Associate Editor
\nUnion Station is close to having its first high-rise residential project as a local development company has plans to kick off a $60 million investment. The developer, Zocalo Community Development, intends to break ground some time […]<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21742],"tags":[],"class_list":["post-1004053299","post","type-post","status-publish","format-standard","hentry","category-denver","category-latest"],"acf":[],"yoast_head":"\nResidential Development to Spring Up Between Railroad Tracks; Former Qwest Building Will Soon be Up For Grabs - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/residential-development-to-spring-up-between-railroad-tracks-former-qwest-building-will-soon-be-up-for-grabs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Residential Development to Spring Up Between Railroad Tracks; Former Qwest Building Will Soon be Up For Grabs\" \/>\n<meta property=\"og:description\" content=\"By Alex Girda, Associate Editor Union Station is close to having its first high-rise residential project as a local development company has plans to kick off a $60 million investment. 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