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— Health Care Properties Quarterly — April 2017

www.crej.com

Project Spotlight

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by Jennifer Hayes

U

CHealth’s new facility at the

intersection of First Avenue

and Cook Street in Denver

will bring additional health

care options to meet the

need for high-quality health care in

Cherry Creek.

The five-story, 89,000-square-foot

building, which will offer primary and

advanced care, including cancer care,

women’s care, additional specialties,

state-of-the-art imaging and an outpa-

tient surgery center, is being designed

and constructed through a partnership

with Brookhaven Capital Partners.

“Early last year, we identified signifi-

cant unmet demand for high-quality

health care in Cherry Creek,” said

Robert Jacobs, founder of Brookhaven

Capital Partners. “We conceived and

designed a world-class medical office

building to fit the neighborhood. 100

Cook addresses the key factors to suc-

cess in this urban location: premier

quality and construction, ample park-

ing and

convenience.We

are extremely

pleased to partner with UCHealth, a

leading-edge health care provider, to

lease our building.This will be our flag-

ship asset.”

“This new health center exemplifies

UCHealth’s vision for helping people

live extraordinary lives by provid-

ing advanced care, close to home,”

Elizabeth Concorida, president and

CEO of UCHealth, said in a statement

announcing the project.

Designed by Denver-based Davis

Partnership Architects, the building

will be built by Swinerton Builders.

Construction is expected to start in

June with completion in late 2018.

Dann Burke and Naum Nasif of CBRE

as well as Jeff Caldwell and Blake Hol-

comb of Pinnacle Real Estate Advisors

represented Brookhaven Capital Part-

ners in the new development transac-

tion.

Caldwell and Holcomb, Cherry Creek

market specialists, first recognized the

opportunity for development of the

First Avenue and Cook Street site. Once

the concept took form as a health care

project with Brookhaven at the helm,

Burke and Nasif, health care real estate

specialists, were brought on board to

devise and implement a strategy to

present the opportunity to a select list

of qualified prospective health care

users, including UCHealth.

“The fact that this project came

together the way it did is truly a testa-

ment to the quality of team,” added

Jacobs. “We had the expertise in place

to bring this idea to fruition and part-

nering with an exceptional organiza-

tion like UCHealth ensures that this

building will bring the value to the

community that we envisioned from

the start.”

Design of the facility includes special

attention to the alleviation of traffic

and parking concerns, with the con-

struction of 257 off-street parking spac-

es in a four-level underground parking

garage – resulting in one of the largest

parking ratios for any office building in

Cherry Creek. Additional valet services

will increase parking capacity to more

than 300 spaces.

The parking entrance off of Cook

Street is designed to keep traffic flow

out of the nearby residential neighbor-

hood – vehicles enter immediately

north of First Avenue and exit onto the

alley and back to First Avenue.

“We wanted to set a new standard

in design and architecture for Cherry

Creek,” commented Carl Luppens,

development partner of Brookhaven.

“We created a building that enhances

the neighborhood while addressing

the need for ample parking and traffic

flows.”

“Robert and Carl charged me with

setting a new standard for quality

architecture in Cherry Creek. I am very

proud that UCHealth recognized that

this elegant and innovative design

reflects their advanced level of patient-

centered medical care and their com-

mitment to patients and neighbors,”

said David Daniel, principal at Davis

Partnership.

s

UCHealth to help meet the need in Cherry Creek

UCHealth’s five-story, 89,000-square-foot building was designed by Davis Partnership Architects and will be built by Swinerton

Builders.