In the Denver Tech Center, Navin Dimond is aiming for the top of the market in more ways than one.
The founder and CEO of Denver-based hotel firm Stonebridge Cos. is under construction on a 20-story tower in the 4800 block of South Quebec Street that will feature both hotel rooms and apartments.
At 250 feet, Dimond said, it will be the tallest building in the Denver Tech Center, and the apartments will be “ultra-luxury.”
“Something that hasn’t been done, certainly, in the south market,” he said by phone Wednesday.
Rents, he said, will be “comparable to the best product in Cherry Creek North.”
Stonebridge once operated a squat extended-stay hotel on the 3.3-acre site, which Denver City Council rezoned in 2019 despite opposition from neighboring landowners, who were annoyed that the property wasn’t part of the adjacent Belleview Station metropolitan district but stood to benefit from the district’s infrastructure. The previous height limit was 50 feet, according to The Denver Post.
Stonebridge ultimately plans to build two 250-foot towers on the property.
The north tower, being built now, is set to have 175 hotel rooms on floors two through six, and 189 apartments on floors seven through 20.
The south tower will likely have a hotel and office space, Dimond said. But the timeline for breaking ground on that remains unclear given the pandemic.
“We paused the second tower for obvious reasons — to get clarity on what’s happening with office,” he said.
The north tower broke ground in mid-September, and is not expected to be completed until 2025, Dimond said. It will feature three levels of underground parking. Development plans show both hotel and residential lobbies on the ground floor, as well as hotel bar and hotel fitness area. The plans show a residential fitness center and pool on floor 20.
Dimond said the hotel will be a “soft brand” similar to the Jacquard in Cherry Creek, which has a unique name and branding but is affiliated with Marriott and allows guests to use and accrue that company’s loyalty points.
Dimond said Stonebridge — which he founded in 1991, and which is based a few blocks away at 4949 S. Niagara St. — has developed apartments in the past, but none in the past decade or so. The company wants to incorporate apartments and office into the Belleview Station project to give the site a mixed-use feel and to take advantage of the height allowed.
“To do it all hotel would be too much,” he said.
Dimond noted that hotels typically feature amenities of interest to an apartment dweller. He raised the idea of residents getting to take advantage of housekeeping services already on hand for the hotel rooms.
“There’s some synergy between the two uses,” he said.
Denver’s most notable residential-hotel hybrid is the 45-story Four Seasons tower downtown, which opened in 2010 and features condominiums above hotel rooms. The line between hotel room and apartment has also blurred in recent years as startups like Kasa and Mint House have scooped up blocks of apartments and listed them for short-term stays.
Stonebridge owns or manages 68 hotels around the country. Last year, the company opened The Slate Denver, a 251-room hotel in the former Emily Griffith Opportunity School in downtown Denver.