The Apiary Hotel and Residences building under construction in mid-December. (Matt Geiger/BusinessDen)
On the development front, it won’t be a big year for grand-opening parties in Denver.
Just two major office and hotel projects are slated to be completed in 2025, according to their developers.
That’s down from 10 major projects on BusinessDen’s 2024 list, although not every one of those wrapped up by December. Completion of a RiNo office building was pushed into 2025, and a LoHi office development site entered foreclosure this year instead of achieving delivery.
BusinessDen doesn’t include apartment projects on our annual list because they’re typically too numerous to count — although groundbreakings in that sector have also become less common.
The relatively few 2025 completions can largely be attributed to still-high interest rates and construction costs, as well as reduced demand for office space.
Nevertheless, here are two expected new additions to Denver’s urban fabric this year:
A rendering of the Steel House office building at 3100 Brighton Blvd. (Courtesy Beacon Capital Partners/Elevation Development Group)
Steel House
The 12-story, 300,000-square-foot Steel House office building at 3100 Brighton Blvd. is being developed by Boston-based Beacon Capital Partners and Denver-based Elevation Development Group. The project broke ground in February 2023.
The developers originally hoped to complete the project in late 2024. But a Beacon spokeswoman said last month that delivery is now expected this February.
Steel House will join T3, Paradigm and The Current as major office buildings that have opened in RiNo the past couple years, capping off a recent office development boom there. Mortenson also wrapped up its smaller building at 3083 Walnut St. last month. But no additional groundbreakings appear imminent.
A rendering of Apiary Hotel and Residences. (Courtesy Stonebridge Cos.)
Apiary Hotel and Residences
The Denver-based Stonebridge Co. is developing the 20-story Apiary Hotel and Residences, going up in the 4800 block of South Quebec St. in the Denver Tech Center.
The building will feature 175 hotel rooms on floors two through six, and 189 apartments on floors seven through 20. It broke ground in September 2022.
Stonebridge founder and CEO Navin Dimond told BusinessDen last month that the project will be completed in the fourth quarter of this year. There’s also room for a second tower at the site down the road.
Expecting something else?
Two office buildings under construction in Cherry Creek won’t wrap up this year. Magnetic Capital’s 2nd & Adams project and Schnitzer West’s 201 Fillmore building are both expected to deliver in the first quarter of 2026, according to their respective developers.
The 461-unit Uptown Residences condominium project going up at 18th Street and Glenarm Place downtown, meanwhile, also won’t be completed until 2026, according to a spokeswoman for Canadian developer Amacon.
The Apiary Hotel and Residences building under construction in mid-December. (Matt Geiger/BusinessDen)
On the development front, it won’t be a big year for grand-opening parties in Denver.
Just two major office and hotel projects are slated to be completed in 2025, according to their developers.
That’s down from 10 major projects on BusinessDen’s 2024 list, although not every one of those wrapped up by December. Completion of a RiNo office building was pushed into 2025, and a LoHi office development site entered foreclosure this year instead of achieving delivery.
BusinessDen doesn’t include apartment projects on our annual list because they’re typically too numerous to count — although groundbreakings in that sector have also become less common.
The relatively few 2025 completions can largely be attributed to still-high interest rates and construction costs, as well as reduced demand for office space.
Nevertheless, here are two expected new additions to Denver’s urban fabric this year:
A rendering of the Steel House office building at 3100 Brighton Blvd. (Courtesy Beacon Capital Partners/Elevation Development Group)
Steel House
The 12-story, 300,000-square-foot Steel House office building at 3100 Brighton Blvd. is being developed by Boston-based Beacon Capital Partners and Denver-based Elevation Development Group. The project broke ground in February 2023.
The developers originally hoped to complete the project in late 2024. But a Beacon spokeswoman said last month that delivery is now expected this February.
Steel House will join T3, Paradigm and The Current as major office buildings that have opened in RiNo the past couple years, capping off a recent office development boom there. Mortenson also wrapped up its smaller building at 3083 Walnut St. last month. But no additional groundbreakings appear imminent.
A rendering of Apiary Hotel and Residences. (Courtesy Stonebridge Cos.)
Apiary Hotel and Residences
The Denver-based Stonebridge Co. is developing the 20-story Apiary Hotel and Residences, going up in the 4800 block of South Quebec St. in the Denver Tech Center.
The building will feature 175 hotel rooms on floors two through six, and 189 apartments on floors seven through 20. It broke ground in September 2022.
Stonebridge founder and CEO Navin Dimond told BusinessDen last month that the project will be completed in the fourth quarter of this year. There’s also room for a second tower at the site down the road.
Expecting something else?
Two office buildings under construction in Cherry Creek won’t wrap up this year. Magnetic Capital’s 2nd & Adams project and Schnitzer West’s 201 Fillmore building are both expected to deliver in the first quarter of 2026, according to their respective developers.
The 461-unit Uptown Residences condominium project going up at 18th Street and Glenarm Place downtown, meanwhile, also won’t be completed until 2026, according to a spokeswoman for Canadian developer Amacon.
