While 2020 didn’t see a ton of non-residential groundbreakings in Denver, plenty of projects were well underway by the time the coronavirus pandemic set in.
And many of those projects are slated to be completed this year, including multiple hotels, which will open at a time when the hospitality sector is still grasping at recovery.
Here is part one of BusinessDen’s look at the major Denver developments likely to be completed this year, with a focus on downtown.
Look for part two — featuring projects in Cherry Creek, RiNo and Sun Valley — later this week. We’re excluding multifamily projects largely on these lists because there are so many underway.
Market Station, LoDo
This project by Denver-based Continuum Partners and New York-based Clarion Partners comprises nearly a full block off the 16th Street Mall in the heart of downtown.
The development, which broke ground in late 2017 and replaces a former bus terminal, includes approximately 80,000 square feet of ground-floor retail space, 95,000 square feet of office space and 225 apartments.
Chase Bank is moving its downtown offices to the project, leaving behind 1125 17th St. — a tower topped with its signage — and additional space in Republic Plaza.
A spokeswoman for Continuum said the project is on track to be completed in March.
McGregor Square, LoDo
A development team led by Rockies co-owner Dick Monfort is turning an entire block across the street from Coors Field, formerly a parking lot, into McGregor Square.
The project, named after a late president of the baseball team, features three connected structures — an 11-story office building and 13-story condominium and hotel buildings — surrounding a central courtyard. The lower floors will feature retail tenants, but only one sports bar.
McGregor Square general manager Patrick Walsh said in late December that the office component, which recently signed a law firm, will be done in January. Residents are expected to be able to move into the condos come mid-February.
A spokeswoman for Denver-based Sage Hospitality Group said The Rally Hotel will open sometime this spring.
Thompson Denver, LoDo
California-based T2 Hospitality broke ground on its 11-story Thompson Denver hotel at 1600 Market St. in mid-2019.
The hotel, which is across the street from the aforementioned Market Station, is expected to open this year, according to previous news releases. It will have about 225 rooms.
Hyatt Centric, Central Business District
A 14-story hotel is being developed at 1776 Champa St. by Rhode Island-based Magna Hospitality. It will be a Hyatt Centric, according to development plans.
Magna and Hyatt didn’t respond to requests for comment. But the pace of construction — here’s some photos from August — indicate it could open this year.
The Link, Central Business District
The Link is the new name for the 12-story office building at the corner of 15th and Curtis streets, which has been undergoing major renovations including a new glass facade. California-based SteelWave and Miami-based Rialto Capital Management purchased the building in January 2019.
Newmark broker Jon Tilton, who is leasing The Link’s office space, said last month base building work and the lobby and common areas are expected to be done by early April. No tenants have been announced.
Emily Griffith school hotel conversion, Central Business District
Denver-based hotel firm Stonebridge Cos. began converting the former Emily Griffith vocational school at 1250 Welton St. into a 250-room hotel in the spring of 2019.
Stonebridge CEO Navin Dimond said in an email last week that he expects the hotel to open in the third quarter.
Block 162, Central Business District
Houston-based Patrinely Group expects to complete its 30-story Block 162 office tower at 675 15th St. in the first quarter, according to David Haltom, a local executive with the firm.
The city’s newest skyscraper broke ground in the summer of 2018. Patrinely is developing the project with San Antonio-based USAA Real Estate. No tenants have been announced for the office space.