HFF Finances Denver Mixed-Use Development
- Jan 05, 2018
By Adina Marcut
HFF has provided a four-year construction loan for Platte Fifteen, a more than 150,000-square-foot mixed-use property located in Denver. The company worked on behalf of the borrower, Lionstone Investments and Crescent Real Estate LLC, to secure the financing through PCCP LLC. According to BusinessDen, the total project cost is estimated at $60 million, and the development is slated to be completed by the end of 2018.
Located at 2373 15th St., close to Interstate 25, the property will include 136,000 square feet of office space, 16,000 square feet of ground floor retail, a 38-stall surface level parking garage and a 198-stall subterranean parking garage. Platte Fifteen will be situated a few minutes from downtown’s Union Station, Central Platte Valley, LoDo, Pepsi Center and Coors Field.
The five-story Class A property will offer floor plates ranging in size from 32,000 to 35,000 square feet. Common area amenities include:
- outdoor patios
- secured lobby
- bike storage
- in-house fitness
- shower rooms
- underground parking
- commuter locker room
OZ Architecture’s Kelly Davis and Amanda Johnson designed the building. HFF Managing Director Colby Mueck, Senior Director Jim Curtin and Director Leon McBroom were part of the debt placement team that represented the borrower. Last December, HFF also arranged a refinancing loan for the Mondrian Park Avenue, a luxury hotel in Manhattan.
Image via Google Maps