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| Rendering of planned A Block @ Union Station, Denver, CO |
DENVER, CO, June 22, 2015 – Holliday Fenoglio
Fowler, L.P. (HFF) announced today that it has arranged an $89.5 million
construction loan for A Block @ Union
Station, a 310,055-square-foot, hotel, office and retail mixed-use
development in Denver’s Union Station neighborhood.
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| Eric Tupler |
Continuum
Partners, LLC worked with HFF to place the four-year construction loan with
Wells Fargo and CrossHarbor Capital Partners.
Continuum also raised $14.5 million in equity from more than 20
investors in addition to contributing the land to the project.
A Block @
Union Station broke ground in April 2015 and upon completion in November 2016,
will feature a 12-story, 200-room hotel managed by Kimpton; a five-story,
45,458-square-foot office building along with approximately 13,000 square feet
of retail/restaurant space; and a 197-space subterranean parking garage with
100 spaces dedicated to public parking.
The boutique
hotel will have 9,000 square feet of meeting space, a 110-seat Kimpton
restaurant and a 201-seat signature restaurant that will be announced soon.
The office property will connect to the hotel
via a third floor skybridge and will have opportunities for signage for
multiple tenants. Both properties will
have ground floor retail with Bank of America already under lease for 3,496
square feet of space.
A Block @
Union Station is located at the corner of 16th and Wewatta Streets directly
adjacent to the RTD Commuter Rail Transit Platform that will soon have direct
rail service to Denver International Airport.
This places the property within the Union Station urban redevelopment
project in Denver’s LoDo and Central Platte Valley submarkets.
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| Leon McBroom |
“Continuum
Partners has been at the center of the entire Union Station Redevelopment
project since it began in 2005.
" This
financing allows one of the most iconic development sites in the neighborhood
to move forward," said Mark
Falcone, CEO and Founder of Continuum Partners.
The HFF debt
placement team was led by senior managing director Eric Tupler and associate director Leon McBroom.
“The Union Station urban redevelopment
project is perhaps the most highly anticipated and transformative event to
occur in Denver’s core in the past century, and once complete 200,000 trips per
day are expected out of the station, with A Block at the center of it all,”
said Tupler.
For a complete copy of the company’s
news release, please contact:
Kristen M.
Murphy
Associate
Director
HFF | One
Post Office Square, Suite 3500 | Boston, MA 02109
Main:
617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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