Page 8 —
COLORADO REAL ESTATE JOURNAL
— June 1-June 14, 2016
Office
by Jill Jamieson-Nichols
SteelWave has entered a joint
venture with the owner of an
uptown office asset that is a
prime candidate for reposition-
ing.
The Capitol Center comprises
a
133,400-
square-foot
multitenant
office tower
at 225 E. 16th
Ave. that is 69
percent leased
and a 22,857-
sf building at
1600 Sherman
St. leased to
The Colorado
Trust. SteelWave and New York-
based Empire Square Group
intend to modernize the build-
ings and lease up the vacant
space, according to Mike Winn
of CBRE Inc.
“That upper east side of down-
town is on fire. The rents have
just been moving up and up in
The Capitol Center is a 12-story building at 225 E. 16th Ave. in Denver.
The Colorado Trust occupies the building at 1600 Sherman St.
Mike Winn
by Jill Jamieson-Nichols
Unico Properties is looking at
the big picture for a small down-
town Denver neighborhood as
it launches its first ground-up
development in Colorado.
The Seattle-based develop-
er recently announced plans
to break ground this summer
on a 90,000-square-foot office
building with 10,000 sf of retail
space at 1615 Platte St. It began
assembling properties in the
neighborhood – including two
historic buildings – two years
ago and now controls all the
property on the west side of
Platte Street from 15th to 16th
streets, straddling the Highland
Bridge plaza.
“Our project is being designed
to embrace
the pedestri-
an plaza and
activate Platte
Street square
with the goal
of creating a
place where
residents and
workers in
Lower Down-
town and Lower Highland can
gather, eat and exchange ideas,”
Open Studio Architecture
Unico Properties has been assembling land on Platte Street since 2014 and now owns the entire west
side of the street from 15th to 16th streets. Its holdings straddle the Highland Bridge, the setting for a
100,000-square-foot building.
Ned Carner
