CREJ - page 1

MAY 4-MAY 17, 2016
by Jill Jamieson-Nichols
The top of a Colorado Bou-
levard office tower is open-
ing up to become one-of-a-
kind office space for a single
tenant.
“We think it’s going to be
some of the most amazing
space in Denver because it
will be 26 feet of glass,” Stu-
art Ogilvie of Denver-based
Ogilvie Properties said of
the forthcoming space at
Tower Colorado.
Ogilvie Properties bought
the 15-story, 128,000-square-
foot building at 1720 S. Bel-
laire St. in Denver for $13.4
million. A fitness facility
with racquetball and bas-
ketball courts, originally an
amenity for the old Writer’s
Manor development, occu-
pies the top two floors. Ogil-
vie will covert the space to
open-floor-plan office with
mezzanine features and
build a new fitness center on
the first floor.
“We will build a very nice
facility down there,” said
Ogilvie, who wants tenants
to have a great athletic facil-
ity to replace what now is
underutilized space.
Ogilvie Properties is con-
sidering naming the “new”
The top two floors of Tower Colorado will be converted into office space with huge windows and
incredible views.
by John Rebchook
The 15-story Mezzo was
billed as the first high-rise
apartment tower in Denver
when it opened in 1953.
At the time, it was not
the Mezzo (pronounced
“metzo”).
It was widely known as the
Sherman Tower until a pre-
vious owner changed it to
Mezzo almost a decade ago.
Today, it still is one of the
tallest rental buildings in
Capitol Hill.
And with 316 units, it has
the most units of any sin-
gle rental tower in Capitol
Hill, according to research
by Cary Bruteig, principal
of Apartment Appraisers &
Consultants.
“I think it is safe to say it is
the biggest apartment proj-
ect in Capitol Hill,” Bruteig
said.
In its early years, it was
considered such luxury liv-
ing that people who stayed
there included Eleanor Roo-
sevelt, the wife of President
Franklin Roosevelt, and
actors Ethel Merman and
Vivian Vance.
Two real estate experts said
they had heard that the late
hotel magnate Leona Helms-
ley, known as the Queen
of Mean, had stayed there,
although that could not be
confirmed.
Of course, there are taller
apartment buildings and
communities with more
units in other rental commu-
nities in nearby Uptown and
Cherry Creek.
Late last year, with little
fanfare, the Mezzo at 901
Sherman St. was sold for
$62.5 million.
The buyer was Virtu
Investments, based out of
Larkspur, California.
A Holliday Fenoglio Fowl-
er team that included Jordan
Robbins, managing direc-
tor, and Jeff Haag, associ-
ate director, from the Denver
office listed it.
HFF, in its listing brochure,
CONTENTS
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Office
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Larimer & Weld Counties 17
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CDE
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Profile
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44
Inside
Mary Sullivan and John
Jugl, top investment bro-
kers in the Denver office of
Holliday Fenoglio Fowler,
sold the high-profile Clay-
ton Lane property to Inves-
co Real Estate.
Clayton Lane sold for
more than $169 million and
is being redeveloped by
Invesco’s partner at Clayton
Lane, Oliver McMillan.
As part of the redevel-
opment, the former Sears
building in Cherry Creek
North will be razed.
A front page article titled
“New owner excited about
Clayton Lane” in the April
20-May 3 edition of Colo-
rado Real Estate Journal
incorrectly named brokers
other than Sullivan and
Jugl as having sold Clayton
Lane.
CREJ regrets the error.
s
Photo courtesy Steve Zavodny
Correction
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