CREJ

DECEMBER 2017 \ BUILDING DIALOGUE \

plenty of amenities for a mix of urban and healthy liv-

ing is expected to attract corporate users, residents and

research-and-development uses. Already, the project has

secured two vital tenants: the Butterfly Pavilion’s new

$30 million facility, which will be the cornerstone for

North Park’s Research & Science Park, and JP Morgan

Chase’s planned 150,000-square-foot, $220 million oper-

ations center.

FlatIron Crossing is the NW market’s super regional

mall, offering 1.431 million square feet of prime retail

space located on Highway 36 in Broomfield. Owned by

Macerich, one of the top retail real estate companies in

the Unites States, FlatIron Crossing was designed to re-

flect the active, outdoor lifestyle Colorado affords and

includes the two-level enclosed mall as well as an ad-

joining outdoor entertainment village. Tenants with

flex space requirements and creative office uses are

beginning to gather to these formerly traditional retail

neighborhoods, in order to partake of a truly walkable

environment with abundant parking and proximity to

transportation and residential communities. This trend

will only increase in the near future as owners of retail

real estate look to energize their product.

As the northwest market has matured, tenants in this

advanced technology environment crave the walkability

and hospitality focus of traditional retail settings. As a re-

sult, a more strategic development approach to building

communities is trending, with multiple uses built syner-

gistically (office, retail and residential together instead

of in waves), as well as focus on collaborative, conference

and hospitality spaces as traditional work environments

evolve.

dhart@ngkf.com

ELEMENTS

Market Update

Volatility in the NWmarket has eased.

theweidtgroup.com

Note our new address as of September 1st:

1536 Wynkoop St, Suite 530, Denver, CO 80202

Develop with Efficiency from Design Day One

Owners and development teams quickly and

easily compare hundreds of design options to

understand how different decisions impact

energy efficiency, costs, and utility incentives.

project can qualify to receive incentives and

a free energy analysis.

303 573 9200

theweidtgroup.com/energy-design-assistance