Page 18
— Office Properties Quarterly — June 2016
T
he city of LoneTree is a premier
Colorado community connected
by great neighborhoods, vibrant
public spaces, a beautiful natu-
ral environment and thriving
businesses. Located at the crossroads
of Interstate 25 and C-470, the city
resides in the heart
of the Denver south
and the Denver
Technology Center
corridor. Like all of
metro Denver, the
economy is booming
and, as a result, we
are seeing signifi-
cant job growth and
great interest in our
real estate opportu-
nities.
In late 2015,
construction was
completed on the
650,000-square-foot
Charles Schwab campus. Currently the
largest primary employer in Douglas
County, the company will have the
capacity to employ 5,000 in LoneTree
when it completes it growth in the
next two years.
Our major office users, however, do
not stop there.We also are home to
the significant operations of Level 3,
Nationwide Insurance, Allstate Insur-
ance, Public Service Credit Union,
Zynex Medical and IntermapTech-
nologies.
All told, our current office vacancy
rate is 9.3 percent.We only lag Boulder,
Cherry Creek and downtown Denver in
our office rents.
The medical office sector is thriving
as Sky Ridge Medical Center com-
pleted its $119 million expansion.This
includes the new Sky RidgeWomen’s
Hospital, a new parking garage, a chil-
dren’s pavilion and the completion of
medical office building No. 3.
University of Colorado Hospital Lone
Tree Health Center consolidated its
south Denver operations to its Park
Meadows Drive campus, and Kaiser
Permanente continues to grow at its
new LoneTree Medical Offices. Finally,
there are several medical office proj-
ects in LoneTree and south Denver
that solidify the region as a premier
medical destination in metro Denver.
Though outside of the office market,
Park Meadows Retail Resort anchors
the city of LoneTree’s dining and shop-
ping scene.This is an important piece
of the regional economy, and the city’s
3 million sf of retail and restaurant
space serves the office worker and
adds significant value to the local qual-
ity of life.
Transit-oriented development is driv-
ing LoneTree’s success.We are fortu-
nate to have two existing RTD light-rail
stops and to have three more in devel-
opment as RTD broke ground on the
southeast light-rail extension in May.
Light-rail construction will play an
enormous role in the city’s future as
RidgeGate will begin work east of I-25.
This TOD will have the potential to
attract up to 11 million sf of office proj-
ects in the next 30 years.
The city of LoneTree is well posi-
tioned for success. As the I-25 south-
east corridor and metro Denver con-
tinue to grow, we see a bright future
ahead.
s
Jeff Holwell
Economic
development
director, city of
Lone Tree
Neighborhood Highlight
City of Lone Tree
In late 2015, construction was completed on the 650,000-square-foot Charles Schwab campus, which is currently the largest primary
employer in Douglas County.
