July 15-August 4, 2015 —
COLORADO REAL ESTATE JOURNAL
— Page 39
Calendar
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ABC – Associated Build-
ers and Contractors – Rocky
Mountain Chapter
will host its
sixth annual Cajun Boil July 16.
The event, from 5 to 7:30 p.m.,
will be held at Bobcat of the
Rockies, 1015 Champion Drive
in Windsor.
For more information, visit
.
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AAMD – Apartment Asso-
ciation of Metro Denver
will
host the Summer Economic Con-
ference July 23.
The forecast event will be held
from 7:30 to 11:30 a.m. at the
Marriott Denver Tech Center,
4900 S. Syracuse St. in Denver.
For more information, visit
.
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BOMA – Denver Metro
Building Owners and Man-
agers Association
will host its
annual golf tournament at the
Hiwan Golf Club, 30671 Club-
house Lane in Evergreen, July 27.
The tournament has a shotgun
start at 6:30 a.m.
BOMA also will host the Den-
ver Metro BOMA Summer Party
Aug. 13.
Held at the ViewHouse Down-
town Denver, 2015 Market St.,
the event is complimentary to all
BOMA principal members and
will feature food, drinks, a disc
jockey and prize drawings.
For more information, visit
.
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CMLA – Colorado Mort-
gage Lenders Association
will
host the 42nd annual CMLA
Convention in Vail Aug. 5-7.
The three-day convention fea-
turing education and network-
ing with top mortgage industry
leaders will be held at the Vail
Marriott Mountain Resort, 715
W. Lionshead Circle in Vail. The
featured speaker is Amy Van
Dyken-Rouen, a six-time Olym-
pic champion.
For more information, visit
.
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CREW – Commercial Real
Estate Women Denver
will host
its annual Mid-Summer Martini
Mixer July 23.
The 2015 mixer will be held at
the Museum of Contemporary
Art – Denver at 1485 Delgany St.
at 5:30 p.m.
CREW Denver also will host
The Renaissance of Glendale 180
at The Curtis Hotel, 1405 Curtis
St., Aug. 18 from 11:30 a.m. to 1
p.m.
The event will feature a panel
of experts working on the project
and what to expect from the new
entertainment district.
For more information, visit
.
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IREM – Institute of Real
Estate Management
will host
the inaugural Brent’s Place
Golf Open Aug. 6 from 7 a.m.
to 3 p.m. at the Arrowhead
Golf Club at 10850 Sundown
Trail in Littleton.
A sold-out tournament
means $10,000 to Brent’s Place,
which helps pediatric cancer
patients by providing housing
and programs through partner-
ships in the community.
For more information, visit
.
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USGBC – U.S. Green Build-
ing Council Colorado
will host
its second annual Commercial
Real Estate Forum.
The forum, held Aug. 11, will
discuss the River North neigh-
borhood and the adaptive
reuse happening in the district.
The event, at Taxi, 3461 Rings-
by Court in Denver, will con-
sist of a breakfast, panel, and
question-and-answer session.
Panelists include Patti Mason,
executive director USGBC Col-
orado, Celeste Cizik, Group
14, Kyle Zeppelin, Zeppelin
Places, Kevin McClintock,
Westfield Co., and Tracye Her-
rington, GreenSpot Real Estate.
For more information, visit
original tower that Broe built, but
also as far as the newbreedof lux-
ury apartment buildings being
built in neighborhoods such as
Cherry Creek, downtown Den-
ver, the Golden Triangle, RiNo
and LoHi, Luppens said.
“When Pat did the first build-
ing, it was pioneering, but it
had to be somewhat utilitarian,
considering the times,” as Den-
ver was still struggling from a
recession caused by collapsing oil
prices, Luppens noted.
The new towers, designed
by Chicago-based Solomon
Cordwell Buenz, will represent
the type of high-rise apartments
found in Manhattan, San Fran-
cisco, Chicago and other major
cities, he said.
SCB, for example, designed
the 500 Lake Shore Drive apart-
ment tower in Chicago, which
has been praised for its clean
architectural lines.
“I think it will stand above its
peers,” Luppens said about the
Country Club Towers II.
Rents will be at the market,
Luppens said.
The building’s pro forma is at
$2.50 per sf, he said.
“Who knows where rates will
be in two years? Probably high-
er,” Luppens said.
Some new buildings in LoHi
and in Cherry Creek already are
commanding rents north $3 per
sf, with one building in Cherry
Creek achieving rents for some
units of more than $4 per sf.
“We definitely will get some
very high rents for our penthouse
units,” Luppens said.
Like other towers, he said the
market for the towers will be
from young professionals, mil-
lennials, empty nesters and even
people who own homes in the
mountains but want a place to
stay near downtown Denver
when attending a concert or
sporting event.
“We alreadyhave a track record
of attracting those demographic
groups to our existing tower,”
Luppens said.
Despite the boom of building
luxury units in Denver, he isn’t
worried about overbuilding.
“Even though there is some
new construction along the Speer
corridor, when you look at the
overall market, Cary Bruteig
tracks more than 300,000 units,”
Luppens said.
“So really, we are adding rela-
tively few new units to such a big
base,” he said.
Also, there are barriers to entry
in the West Wash Park neighbor-
hood.
“There are very few remaining
sites where you can build,” Lup-
pens said.
Also, since Broe has owned the
land for about 35 years, his cost
for the dirt is far less than any
competitor would pay for land,
which continues to set record
prices, he said.
Sean Broe, Pat’s son, noted that
like the first tower, he also is 30
years old.
He added that he learned to
ride a bike along the nearby
Cherry Creek path and has lived
in the first tower.
“This is my neighborhood,” he
said.
He couldn’t be more thrilled
that Country Club Tower II is
underway.
“The Broe family and the Broe
Real Estate Group are making a
significant investment to develop
Country Club Towers II and are
showing our long-term commit-
ment to Denver by offering resi-
dents high-quality homes in an
attractive urban setting,” Sean
Broe said.
“The development, which
will include ample parking and
plenty of green space, is a strik-
ing enhancement to the existing
property and the highly desir-
able Denver community of West
Wash Park,” Broe said.
“People want to live near
downtown Denver, and we are
pleased to be able to provide
state-of-the-art, energy-efficient
residences that are close to where
they work and play,” he said.
Indeed, Luppens said that Sean
Broe touched on an important
distinction between Country
Club Towers II and most of other
apartments under construction
in Denver.
“This is not being constructed
to be flipped,” Luppens said.
“This is a legacy property.”
s
Samantha V. Simmons
Mayor Michael B. Hancock, left, shakes hands with Pat Broe at the
groundbreaking ceremony for the $190 million Country Club Towers II in
West Washington Park.
For contact information, association profiles, and links,
pleas
nd click on Industry Directory.
American Council of Engineering
Companies/Colorado
American Institute of Architects Colorado
American Society of Interior Designers
American Society of Landscape Architects,
Colorado Chapter
American Subcontractors Association
Apartment Association of Metro Denver
Appraisal Institute
Associated Builders & Contractors
Associated General Contractors
Building Operators Association of Colorado
Building Owners & Managers Association, Denver
Building Owners & Managers Association, Pikes Peak
CCIM – Certified Commercial Investment Members,
Colorado/Wyoming Chapter
Colorado Bar Association
Colorado Hotel & Lodging Association
Commercial Brokers of Boulder
Commercial Real Estate Women - CREW
Community Associations Institute
CoreNet Colorado
Counselors of Real Estate
Denver Metro Commercial Association
of Realtors - DMCAR
Institute of Real Estate Management, Denver Chapter
Institute of Real Estate Management, Southern
Colorado Chapter
International Council of Shopping Centers, Rocky
Mountain Chapter
International Facilities Management Association,
Denver Chapter
International Facilities Management Association,
Pikes Peak Chapter
Investment Community of the Rockies
LeadingAge Colorado
Mile High Exchangors
NAIOP Colorado – The Commercial Real Estate
Development Association
Professional Land Surveyors of Colorado
Rocky Mountain Masonry Institute
Rocky Mountain Shopping Center Association
Society for Marketing Professional Services
Society of Industrial & Office Realtors
Southern Colorado Commercial Brokers
Urban Land Institute
U.S. Green Building Council, Colorado Chapter
WiD – Women in Design
If your association would like to be included in this directory,
please contact Lori Golightly at 303-623-1148 or
.
Associations
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