A RiNo office building that’s been vacant since it was completed in 2020 has secured its first tenant.
California-based architecture firm KTGY has leased the 14,000-square-foot fifth floor of Hub North. It will move its Denver office there from downtown.
The eight-story, 111,000-square-foot Hub North was completed in 2020 by Boston-based Beacon Capital Partners, which also developed the connected The Hub building at 3601 Walnut St. Hub North sold last September for $40.5 million to Eagle Point Capital Partners.
KTGY principal Nathan Sciarra told BusinessDen that the firm has been at 820 16th St. since it opened a Denver office in 2006. For the last decade or so, the company has had a full floor there — about 11,000 square feet. But Sciarra said the space is broken up by columns.
“It definitely doesn’t live like 11,000 square feet,” he said.
With its current lease coming to an end, Sciarra — who has been with KTGY since 2004 — said the company needed more space, and primarily looked in RiNo.
“We really wanted to change neighborhoods and go where the design energy is,” he said.
The firm wanted to be near the RTD stop. It also considered a small office building kitty-corner to Hub North, as well as the Rev360 building at 3600 Brighton Blvd., which is also vacant after being completed in 2020.
“It had the amenities at another level than the other two,” Sciarra said of Hub North, citing the fitness center and shared conference rooms and kitchen space.
Plus, he said, the space is more efficient.
“You come off the elevators and the entire floorplate is open — no columns,” Sciarra said.
Sciarra said 72 employees work out of the Denver office, and the company hopes to move in come July.
KTGY worked on the TriVista on Speer apartment complex at 1350 Speer Blvd, as well as Capitol Square Apartments, which is under construction one block south of the state capitol building.
Other projects in the works include a large Legacy Partners complex at 4552 S. Ulster St. in the Denver Tech Center, and The Iota, a Highland Development Co. apartment building going up by the 41st and Fox rail station.