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
“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
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 &
“I think it is safe to say it is
the biggest apartment proj-
ect in Capitol Hill,” Bruteig
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
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,
Larimer & Weld Counties 17
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
CREJ regrets the error.
Photo courtesy Steve Zavodny
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