In an area of Golden Triangle that has seen a lot of residential development, an old café is being torn down to build a 65,000-square foot boutique class-A office building.
Located at 955 Bannock, the project will have 10 stories, with the ground floor containing the building lobby as well as retail. Four floors will consist of covered parking and the rest of the building will be office space.
Though Golden Triangle has seen an increase in new multifamily units, as well as more retail options, the neighborhood lacked office space to solidify as a live-work-play environment, said Judson Robertson, managing director of Stream Realty Partners’ Denver office.
Robertson is the lead leasing broker for 955 Bannock.
Recent residential activity in the Golden Triangle includes a 176-unit apartment community coming to 13th and Delaware, Greystar’s 16-story complex at Speer and Bannock, and the recent completion of 18-story Eviva Cherokee Apartments.
The goal for this new project is to deliver an “exciting office environment” that will bridge the gap between progressive and professional, Robertson said.
Amenities for the building will include showers, lockers and bike storage on the first floor. The 10th floor with feature an outdoor deck with a meeting space, lounge furniture and unobstructed mountain views.
The developer, Alpine Investments, calls Golden Triangle an underserved office market. The neighborhood feel the area provides is becoming more important to companies with young talent, said Churchill Bunn, a partner at Alpine.
Though downtown serves as Denver’s “economic engine,” a lot of companies with younger employees want to be in a neighborhood environment where they can walk out the door and go to lunch, or take a jog or bike ride on the Cherry Creek Trail, he said.