Hines Announces Plans for New 40-Story Office Tower in Denver

1144 Fifteenth Will be the Premier High-Rise Office Building in Denver's CBD

(DENVER) – Hines, the international real estate firm, announced today plans for a new 40-story office tower in Denver, located at 1144 Fifteenth, between Arapahoe and Lawrence Streets.

The property will be the first office building of this height built in nearly three decades, and once completed, will be one of the tallest office buildings in Denver.

The 640,000-square-foot, Class A office building will offer tenants an irreplaceable location immediately adjacent to the Four Seasons hotel and condominiums, just one block away from Larimer Square, the heart of Denver’s amenity-rich LoDo area featuring fashionable shops, chef-driven restaurants and nightlife.

In-building amenities include: sweeping views of the Front Range; a state-of-the-art, 5,000-square-foot fitness facility; an auto detailing service in the parking garage; and ground floor retail.

Construction on the building will commence in May 2015 and will be complete in December 2017.

Peter Schippits with JLL has been selected as the lead broker for the project.

Designed by the acclaimed architectural firm Pickard Chilton of New Haven, Connecticut, the stunning structure will feature 25,000-square-foot, highly efficient floor plates, 10-foot ceilings on typical floors, floor-to-ceiling glass and the best parking ratio of any high-rise Class A office building downtown.

For more information on the project, visit: www.1144Fifteenth.com.

“We are very excited about introducing this new icon to the Denver skyline.

1144 Fifteenth will set a new standard for Denver’s high-rise office space and enhance our city’s urban experience.

It has been nearly three decades since Denver has received an office tower of this size and scale.

We strongly believe that the quality and location of this building will be appealing to a wide range of tenants and ultimately, once finished, we feel this will be the premier asset in all of the Rocky Mountain west,” stated Hines Managing Director, Jay Despard.

“With all of our equity funding now in place, we are building this project on a purely speculative basis, which is a testament to the strength of the Denver market and our confidence in its future growth.

We plan to own this building for a long time, and will be delivering the high level of quality expected from a new Hines office tower.

Pickard Chilton and Hines have an exceptionally successful track record of developing best-in-class office projects in North America, and we are pleased to be delivering the next landmark office tower in Denver,” added Hines Senior Managing Director, Charles Elder.

Hines has been active in the Denver market since 1982 and currently owns and manages more than one million square feet across every major submarket.

The firm has developed 1515 Wynkoop and 1601 Wewatta, mixed-use office and retail buildings in LoDo; Wells Fargo Center, a 50-story office tower in Denver’s CBD; 4600 South Syracuse, a 13-story office building in the Denver Tech-Center; and a four-story office building in Broomfield largely leased to GoGo.

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,317 properties representing more than 541 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Currently, Hines manages 391 properties totaling 161 million square feet, which includes 89.1 million square feet for third parties. With offices in 115 cities in 18 countries, and controlled assets valued at approximately $28.2 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems. Visit www.hines.com for more information.

1144 Fifteenth