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Page 14 — Office Properties Quarterly — June 2017
properties. However, when it comes
to building certifications, LEED is
still king.
Half of the properties listed a LEED
certification goal as an important
building feature. For example, 16
Chestnut is targeting LEED Platinum;
1144 Fifteenth Street, One Belleview
Station and 50 Fifty are targeting
LEED Gold; and Civica Cherry Creek
as well as Inova I and II are targeting
LEED Silver. Riverview will feature a
large, two-story living “green wall”
in its lobby in addition to LEED cer-
tification. Other properties listed the
importance of sustainably designed
and operated buildings.
Another component of a healthy
workplace is a fitness center, which
nine of the properties feature.
Locker rooms and showers also are
becoming a must-mention amenity.
Complementing fitness centers is
bike storage, which almost all of
the offices with fitness centers offer
in addition to many of the other
respondents that don’t have on-site
gyms.
With fitness and bike storage
becoming must-haves, properties
are going above and beyond to dis-
tinguish themselves. For example,
Colorado Center Tower 3 will offer
fitness classes exclusively available
to tenants and 50 Fifty will feature a
bike mechanic’s station. The amount
of space available for bike stor-
age is increasing as well. Riverview
proudly promotes its one bike space
per 1,000 sf ratio, which equates to
indoor parking space for 200 bikes.
While priority for bike storage is
increasing, car parking needs are
not disappearing. The overwhelm-
ing majority listed private parking
as an important amenity. It was the
second-most-common amenity after
access to the outdoors. Not surpris-
ingly, the further south we went, the
higher the ratio of parking spaces to
rentable square feet. For example,
Riverview, a 213,713-sf office prop-
erty under construction on Platte
Street, offers a covered parking ratio
of 1.67 spaces per 1,000 rentable sf.
Meanwhile, 169 Inverness, a 115,895-
sf office property located in the
Inverness Business Park, offers four
spaces per 1,000 sf.
Similarly, the further south we go,
the lower the rental rates become.
Of those that shared cost informa-
tion, rental rates range from low-
to mid-$30s per sf for downtown
spaces to mid- to high-$20s per sf
for SES properties. Project costs ran
the gamut – from the $190 million 16
Chestnut to $50 million Flight.
Likewise, proximity to public transit
was a top amenity for those proper-
ties located near light-rail stations.
All seven of the properties located
in the DTC – 169 Inverness, Granite
Place, 50 Fifty, One Belleview Station,
Charter Communications headquar-
ters, and Inova Dry Creek I and II – as
well as Industry RiNo Station listed
the light rail as a key amenity. It was
common for these properties to list
the duration and path of the walk to
each station. Going one step further,
One Belleview Station’s lobby will
display light-rail schedules on its
touchscreen directory, and 50 Fifty
mentioned the Call-n-Ride program
available every 15 minutes in addi-
tion to it being a 7-minute walk to
the station. The Inova campus will
provide a dedicated shuttle to trans-
port employees to the Dry Creek
light-rail station.
Not surprisingly, many of the
properties also highlighted their
surroundings as important ameni-
ties to future tenants. The most
prevalent was access to surrounding
retail and restaurants. Obvious retail
neighborhoods include Lower Down-
town, Union Station and Cherry
Creek North. Several others are part
of master plans, which will offer
immediate access to many ameni-
ties. These include Flight, which will
have access to the entire Taxi cam-
pus, Colorado Center Tower 3, part
of the Colorado Center development,
and One Belleview Station, part of
a 42-acre mixed-use development
surrounding the Belleview light-rail
station.
Other surrounding amenities gain-
ing popularity were access to biking
and walking paths as well as prox-
imity to hotels.
While there were common themes
among these new projects, there
also were several unique amenities.
For example, 169 Inverness features
designated food truck parking, and
offices at Flight feature garage doors
opening up to terraces and the larg-
est privately developed green roof
in Colorado. Civica Cherry Creek
will have a concierge service and a
private library space, while 1144 Fif-
teenth Street will offer 24/7 security.
Industry RiNo Station is pet friendly
and features a rec area and nest
room. Building infrastructure, such
as high-speed traction elevators,
state-of-the-art heating, ventilat-
ing and air-conditioning systems,
fiber backbone and Wi-Fi connec-
tivity were among other notable
amenities.s
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Designated collaborative spaces are gaining popularity, as seen in this rendering for
part of the first-floor at Granite Place.