Tag Archives: denver

Elitch Gardens Redevelopment Rides Closer to Reality in Denver

City Board Decision Sets Stage for Required Re-zoning; Conceptual Plans Call for 4.6 Million SF of Office, 1.2 Million SF of Hotel and Conference Area, 8,000 Units and +500,000 SF of Retail

Courtesy: Revesco Properties.The proposed redevelopment of the 62-acre site where downtown Denver’s Elitch Gardens Theme and Water Park sits took an advance at a Denver City board meeting Monday night with the approval of a piece of the downtown area plan that will assist the instructions of development for the Central Platte Valley and Auraria areas. Council members all approved a change to the city’s existing plans that updates standards for development in one of the couple of parts of downtown Denver that stays mostly the same because the economic crisis’s end, at least when compared with its next-door neighbors to the east such as the Union Station area and Riverfront Park. The modification was developed by city staff with input from the community

collected at several public input conferences during a year. It offers a general summary and values for the area in between Interstate 25, Auraria Parkway and Speer Boulevard, that includes more than simply the Elitch Gardens site, although that is the website currently being targeted for the most dramatic modifications. While they offered consentaneous approval, council members likewise increased questions, the majority of which are more particular advancement issues than those resolved in the strategy amendment. Councilwoman Debbie Ortega questioned the proximity of property advancement to freight train lines, which run through parts of the website,

stressing that there would have to be a buffer in between the lines and homeowners. She likewise raised questions about flooding, as the South Platte also goes through the location. Councilman Kevin Flynn inquired about the preservation of historic structures on the Auraria campus, and Councilwoman Robin Kniech asked how the strategy would integrate inexpensive real estate.

Responses to all of these questions and more are still in the works, stated Rhys Duggan of Revesco Residence, which along with realty mogul Stan Kroenke owns Elitch Gardens and is dealing with redevelopment plans for the website. Duggan and his group in March unveiled initial strategies for the location following more than a year of reports about exactly what would become of the amusement park that has remained in downtown Denver considering that 1995. There are no strategies to transfer the park right now, Duggan has actually stated consistently, but somewhere in the course of the 25-year advancement plan, Denverites must expect the park to move. In its location, called River Mile, Revesco pictures exactly what might ultimately dramatically increase the capability of downtown Denver. A conceptual master plan shows high-rise buildings between 40 and 59 stories high, 4.6 million square feet of workplace, 1.2 million square feet of hotel and conference area, almost 8,000 domestic units and majority a million square feet of retail. The conceptual River Mile plan is an initial file instead of an assurance of what will occur, however the strategy modification authorized Monday recommends”an extension of the land

use in downtown Denver,”consisting of a large mix of home types. However that recommendation is not the like a re-zoning, which is exactly what the Revesco group need to now pursue through the summertime. Any re-zoning needs to likewise be approved by city board.

DCT Industrial to Close Denver Head Office

Closure Begins Heels of Acquisition Deal with Prologis, DCT to Lay Off Approximately 59 Employees

Pictured: DCT Industrial’s head office building at 555 17th St. in downtown Denver.Prologis Inc.’s$

8.4 billion acquisition of Denver’s DCT Industrial Trust Inc. implies the closure of DCT’s Denver headquarters, costing between 55 and 59 tasks. That’s inning accordance with an Employee Readjustment and Retraining Notification Act filing made with the Colorado Department of Labor and Work recently. Prologis revealed that it would acquire DCT, a real estate investment trust that focuses on logistics property advancement and management, in April.

With the offer, Prologis (NYSE: PLD) adds 71 million square feet to its portfolio, and another 7.1 million square feet of advancement and redevelopment jobs.

San Francisco-based Prologis is currently the largest logistics homeowner in the world. The deal is slated to close in the 3rd quarter, pending approval from DCT investors.

In the company’s April release on the pending acquisition, Prologis chief executive for the Americas, Eugene F. Reilly, was estimated stating that the business anticipated “a number” of DCT’s employees to help manage the portfolio. The release likewise mentioned that DCT chief executive Phil Hawkins was anticipated to join the Prologis board of directors.

The number of staff members in the Denver office represents just under half of DCT’s overall workforce of roughly 135 individuals across the country.

The news comes less than two weeks after an announcement that another Denver-born business, Chipotle Mexican Grill, would move its headquarters to Newport Beach, CA.

An agent from DCT Industrial did not immediately respond to a telephone call requesting remark Monday.

Chipotle to Move Corporate HQ out of Denver

Fast Casual Dining Establishment Chain, Which Signed a 126,000-SF, 15-Year Business Office Lease in Downtown Denver in December, is Now Movinged Towards California

Imagined: 1144 15th St. in Downtown Denver, where Chipotle signed a 126,000-square-foot lease in December for the quick casual restaurant chain’s corporate headquarters. The business will now be headed to Newport Beach, CA.Less than six months after committing to relocate its home office to the just recently finished 1144 15th St.office tower, Chipotle Mexican Grill said Wednesday that it prepares to move its head office out of Denver, choosing rather for a home office in Newport Beach, CA. The relocation will happen by the 4th quarter of 2018 and will affect about 400

staff members in Denver, according to a release issued by the company. “We have a significant opportunity at Chipotle to shape the future of

our company and drive growth through our new method,”stated Brian Niccol, the recently appointed CEO of Chipotle, in a statement.” In order to align the structure around our strategic concerns, we are changing our culture and building first-rate groups to renew the brand name and enable our long-lasting success.””We’ll always be proud of our Denver roots where we opened our first restaurant 25 years back. The consolidation of offices and the relocate to California will help us drive sustainable growth while continuing to place us well in the competitors for leading talent,”included Niccol. Niccol took control of as CEO of Chipotle(NYSE:

CMG)in February. Prior to that, he led Taco Bell , which is headquartered in Irvine, CA, situated about 10 miles from Newport Beach. In December, just before Niccol’s arrival, Chipotle announced it had agreed to a 15-year offer to lease 126,000 square feet in Denver’s newest skyscraper, a 40-story, 670,000-square-foot office tower established by Hines, for its corporate headquarters. An agent from Hines did not immediately respond to email requests for comment Wednesday, and an agent from JLL, the industrial property business that noted the residential or commercial property, decreased to comment. Chipotle declined to comment beyond the release.”Functions within the present Denver office will either be consolidated in Chipotle’s existing office in Columbus, OH

or moved to the brand-new headquarters in Newport Beach,”Chipotle said in its release. The lease at 1144 15th was suggested to consolidate existing Denver office spaces at 1401 and 1515 Wynkoop St. Those offices

will now be closed. Chipotle will transition its Denver and New York workplace works out of those cities over the next six months, the release states

. Some of the affected employees have actually been used moving and retention packages, inning accordance with Chipotle’s statement.

Taylor Swift anticipated to affirm in searching case in Denver

Sunday, Aug. 6, 2017|6:04 a.m.

DENVER– Pop star Taylor Swift is expected to testify about her claim that a Colorado radio host searched her.

A jury trial in the civil case is set to start Monday and last nearly 2 weeks. Court documents state it is not likely that either side will settle.

Swift says David Mueller got her in June 2013 throughout a check out backstage at the Pepsi Center in Denver.

Swift says she and her assistance group didn’t call authorities immediately. Instead they called his boss. The radio station talked to Mueller and fired him two days later on.

Mueller rejects wrongly touching Swift on her buttocks and is suing the singer-songwriter for $3 million in damages for losing his task at country radio station KYGO.

Swift is countersuing Mueller, seeking $1 and a ruling that holds him responsible.