Union Station Office Building with DaVita as Anchor Tenant Tops Out
(Denver, Colo.) – November 21, 2017 – Saunders Construction, in partnership with global real estate investment manager and building owner Invesco Real Estate, developer East West Partners and architect Gensler, announced today that the 16 Chestnut building in the Union Station neighborhood has topped out and the exterior glass has reached the final building height. This is a major milestone for a building that makes extensive use of glass, allowing for striking views of the city and the Rocky Mountains from each floor. The milestone was celebrated with a ceremony onsite on November 16th.
“This will be one of the most unique buildings in the new Union Station neighborhood and the installation of the glass to level 19 marks a significant moment in the evolution of this project,” said Nathan Wilks, Senior Project Manager for Saunders Construction.
The 250-foot-tall, 430,000-square-foot 16 Chestnut development is essentially two buildings in one, as it fronts both 16th and 17th Streets. Expanding its current headquarters located across the street, DaVita Healthcare Partners will occupy approximately 342,534 square feet and have their own entrance and lobby. An additional 80,000 square feet of space is available to be leased, including a separate lobby and elevator bank for tenants.
“This is one of the last buildings to be completed in the Union Station area and as co-master developers of the transit hub and active developers in the surrounding community it’s very exciting to see the Union Station neighborhood’s renaissance nearing its pinnacle,” said Amy Cara, Managing Partner of East West Partners – Denver.
Designed by Gensler, 16 Chestnut is targeting LEED Platinum certification upon completion for its environmentally friendly design and operations.
“The building’s design reflects an appropriate urban response from multiple vantage points because of its prominent location at the termination of the 16th Street Pedestrian Mall,” said Brent Mather, Design Principal of Gensler. “At this stage, the contrasting qualities of the rusticated concrete base and the elegant glass curtain wall above are evident. 16 Chestnut will set a new standard for a next-generation creative office building in Downtown Denver.”
The 16 Chestnut building broke ground in June 2016 and is scheduled to be complete in late 2018.
“We are excited about the progress underway to this truly unique urban campus,” said James McPhail, DaVita Head of Real Estate. “As a hometown company, it is gratifying to see the responsible, sustainable development in lower downtown Denver.”
Headquartered in Colorado, Saunders Construction is a premier provider of comprehensive construction management and general contracting (CM/GC) services with a focus on guiding clients through the process of turning an idea into a landmark. As one of one of the region’s largest and most respected contractors, Saunders is the recipient of more than 100 industry awards for its construction excellence, employee achievements and community contributions. In addition, Saunders is dedicated to implementing long-term strategies towards employing a zero-waste stream process, reducing our water use and carbon output, continuing and expanding our efforts in philanthropy, and expanding the breadth of our ethical business practices. Saunders is a member of the Citadel Group – a consortium of separately-owned construction companies from across the U.S. to serve individual clients with national needs. For additional information, please follow us on Twitter and LinkedIn.
About Invesco Real Estate
Invesco Real Estate is a global leader in the real estate investment management business with $65.1 billion in real estate assets under management, 462 employees and 21 regional offices across the U.S., Europe, and Asia. The firm was established in 1983 and has been actively investing in core, value-add and opportunistic real estate strategies since 1992. Invesco Real Estate is a business name of Invesco Advisers, Inc. which is an indirect, wholly owned subsidiary of Invesco Ltd., (NYSE: IVZ), one of the largest investment management firms in the world with $917.5 billion in assets under management and on-the-ground presence in 29 cities worldwide. Information as of September 30, 2017.
About East West Partners
East West Partners is devoted to building, selling, managing and supporting high-quality real estate. Since 1986, the firm has developed and sold over $3 billion of residential and commercial real estate. Their most recognizable local project is Denver’s Riverfront Park, a 25-acre development that transformed the Central Platte Valley into Denver’s hottest new community. East West Partners is also responsible for the renaissance of downtown Denver’s city center, taking the lead on the development of the Union Station Neighborhood. For more information on East West Partners, visit www.ewpartners.com.
Gensler is a global architecture, design and planning firm with 44 locations and more than 5,000 professionals networked across Asia, Europe, Australia, the Middle East and the Americas. Founded in 1965, the firm serves more than 3,500 active clients in virtually every industry. Gensler designers strive to make the places people live, work and play more inspiring, more resilient and more impactful. Gensler’s Denver office has been serving the Colorado and Rocky Mountain region for 44 years and consists of a team of 100 professionals. For more information, visit www.gensler.com.