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4 REASONS TECH/CREATIVE FIRMS ARE CHOOSING DENVER

TECH/CREATIVE FIRMS ARE CHOOSING 4 REASONS · ADJACENT 16TH STREET MALL AND “RESTAURANT ROW” OVER 50 LOCAL-TO-GLOBAL RESTAURANTS and nightlife adventures STEPS TO OVER A DOZEN

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Page 1: TECH/CREATIVE FIRMS ARE CHOOSING 4 REASONS · ADJACENT 16TH STREET MALL AND “RESTAURANT ROW” OVER 50 LOCAL-TO-GLOBAL RESTAURANTS and nightlife adventures STEPS TO OVER A DOZEN

4 REA

SONS

T E C H / C R E AT I V E F I R M S A R E C H O O S I N G

D E N V E R

Page 2: TECH/CREATIVE FIRMS ARE CHOOSING 4 REASONS · ADJACENT 16TH STREET MALL AND “RESTAURANT ROW” OVER 50 LOCAL-TO-GLOBAL RESTAURANTS and nightlife adventures STEPS TO OVER A DOZEN

AUTHENTICALLY DENVER1700 Broadway is strategically located at

the convergence of Uptown and Upper

Downtown districts. Authentically Denver,

Uptown’s hip vintage culture collides with

Upper Downtown’s modern amenities to

deliver a one-of-a-kind experience. Exciting

improvements in Upper Downtown are on

the horizon which will allow tenants at 1700

Broadway to live a healthier, greener, and

more fulfilling lifestyle.

6,287HOTEL ROOMS

RESTAURANTS

+17.6 MSQUARE FEET OFOFFICE SPACE

REASON 1

MULTI-FAMILYPROJECTS WITHIN 10 MIN WALK

Page 3: TECH/CREATIVE FIRMS ARE CHOOSING 4 REASONS · ADJACENT 16TH STREET MALL AND “RESTAURANT ROW” OVER 50 LOCAL-TO-GLOBAL RESTAURANTS and nightlife adventures STEPS TO OVER A DOZEN

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Page 4: TECH/CREATIVE FIRMS ARE CHOOSING 4 REASONS · ADJACENT 16TH STREET MALL AND “RESTAURANT ROW” OVER 50 LOCAL-TO-GLOBAL RESTAURANTS and nightlife adventures STEPS TO OVER A DOZEN

ADJACENT 16TH STREET MALL AND “RESTAURANT ROW”

OVER 50 LOCAL-TO-GLOBAL RESTAURANTS and nightlife adventures

STEPS TO OVER A DOZEN TOP HOTELS, including Grand Hyatt, Hilton, AC Hotel Denver and more

DENVER’S POPULAR RETAIL DESTINATIONS ARE STEPS AWAY including 16th Street Mall, the Denver Pavilions and a myriad of artisan shops and boutiques

NEW PEDESTRIAN-FOCUSED IMPROVEMENTS PLANNED FOR UPPER DOWNTOWN including green streets and boulevards, dedicated bike lanes, pocket parks, and recreational amenities

EAT. SIP. MINGLE.

SHOPPING + DINING HUB

16TH STREET MALL6 MINUTES

Page 5: TECH/CREATIVE FIRMS ARE CHOOSING 4 REASONS · ADJACENT 16TH STREET MALL AND “RESTAURANT ROW” OVER 50 LOCAL-TO-GLOBAL RESTAURANTS and nightlife adventures STEPS TO OVER A DOZEN

ASIAN FOOD MEETS PING-PONG

ACE EAT SERVE9 MINUTES

D BAR DENVER10 MINUTES

AN UPTOWN MUST-DO DESTINATION FOR DECADENT SWEETS AND SAVORY EATS

STEUBEN’S9 MINUTES

CLASSIC AMERICAN RETRO-STYLED DINER

Page 6: TECH/CREATIVE FIRMS ARE CHOOSING 4 REASONS · ADJACENT 16TH STREET MALL AND “RESTAURANT ROW” OVER 50 LOCAL-TO-GLOBAL RESTAURANTS and nightlife adventures STEPS TO OVER A DOZEN

1700 Broadway and Upper Downtown are the only CBD locations which are part of the highest concentration of Millennial population in the Metro Denver Area.

GROWING CREATIVE/TECH FIRMS ARE CHOOSING UPPER DOWNTOWN WORKSPACE SOLUTIONS FOR THE THESE SIMPLE REASONS:

MILLENNIALS WORK WHERE THEY LIVE

REASON 2

ABUNDANT TALENT POOL NEARBY

MORE MILLENNIAL HOUSEHOLDS than any other Denver neighborhood

HIP, URBAN LIFESTYLE APPEAL

MORE HOUSING OPTIONS and moderate rents

GREAT CONNECTIVITY and multi-modal access

MILLENNIAL POPULATION2X HIGHER IN UPTOWNLODO: 6,616 millennials per sq. mileUPTOWN: 11,936 millennials per sq. mile

MULTI-FAMILY UNITS3X EXISTING BUILDINGS IN UPTOWNLODO: 13 buildings*UPTOWN:42 buildings

*does not include Ballpark area, just 0.3 mi radius of Union Station

Page 7: TECH/CREATIVE FIRMS ARE CHOOSING 4 REASONS · ADJACENT 16TH STREET MALL AND “RESTAURANT ROW” OVER 50 LOCAL-TO-GLOBAL RESTAURANTS and nightlife adventures STEPS TO OVER A DOZEN

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L O D O

MILLENNIAL POPULATION

HIGHER DENSITY

LOWER DENSITY

MILLENNIAL POPULATION

HIGHER DENSITY

LOWER DENSITY

MILLENNIAL POPULATION

HIGHER DENSITY

LOWER DENSITY

WHERE MILLENNIALS

WORK(1M)

HIGHER DENSITY

LOWER DENSITY

Age 20-34 > 5,496Tech Ind > 1,565

AVG MULTI-FAMILY RENT*1.9X HIGHER IN LODOLODO: $3,609 / monthUPTOWN: $1,957 / month

*700-900 SF 1/1 pricing

AVG ASKING OFFICE RENT1.4X HIGHER IN LODOLODO: $42.04 FSGUPTOWN:$29.40 FSG

AVG 2019 OPEX ESTLODO: $17.24 / SFUPTOWN: $13.69 / SF

$$$

Page 8: TECH/CREATIVE FIRMS ARE CHOOSING 4 REASONS · ADJACENT 16TH STREET MALL AND “RESTAURANT ROW” OVER 50 LOCAL-TO-GLOBAL RESTAURANTS and nightlife adventures STEPS TO OVER A DOZEN

INFRASTRUCTURE + CULTUREDriven by a mission to improve the pedestrian experience, Upper Downtown’s vision plan will transform the district into a vibrant 24/7 neighborhood directly benefiting 1700 Broadway tenants. Activated parks and open space will create an active after hours and weekend destination to meet up with friends.

REASON 3

GRAND BOULEVARD improvements on Broadway

LIVELY STREETSCAPES

ENHANCED PEDESTRIAN CROSSINGS and dedicated bikeways

MORE TREES, LANDSCAPING and public art

ENHANCE SIGNATURE STREETS including 17th Avenue

RECONSTRUCTION OF THE 16TH STREET MALL

ACTIVATED PARKS AND OPEN SPACE with programmed events

MOBILITY HUBS

THE 16TH STREET MALL EXPERIENCE

COURT PLACE ENHANCEMENTS

16TH & SHERMAN ENHANCEMENTS

Page 9: TECH/CREATIVE FIRMS ARE CHOOSING 4 REASONS · ADJACENT 16TH STREET MALL AND “RESTAURANT ROW” OVER 50 LOCAL-TO-GLOBAL RESTAURANTS and nightlife adventures STEPS TO OVER A DOZEN

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UPTOWN

CENTRALBUSINESSDISTRICT

1700 BROADWAY

UPPERDOWNTOWN

JOIN PROGRESSIVE CREATIVE TENANTS WHO CHOSE UPPER DOWNTOWN TO GROW THEIR BUSINESS.

2u, Inc

eFolder

Evolve Vacation Network

FareHarbor

Guild Education

HeathGrades

Ibotta

Marketo

Novel Coworking

OnDeck Capital

SendGrid

ServiceSource

Grubhub

Cologix

OpentableGRAND BOULEVARD IMPROVEMENTS MAJOR STREET REDESIGN

STREETSCAPE IMPROVEMENTS FACADE IMPROVEMENTS

TRAFFIC CONVERSION 1-WAY TO 2-WAY

DOWNTOWN DENVER PARTNERSHIP Upper Downtown Plan Framework Map

Page 10: TECH/CREATIVE FIRMS ARE CHOOSING 4 REASONS · ADJACENT 16TH STREET MALL AND “RESTAURANT ROW” OVER 50 LOCAL-TO-GLOBAL RESTAURANTS and nightlife adventures STEPS TO OVER A DOZEN

ACCESS FOR ALL

Tenants benefit from 1700 Broadway’s Uptown

location with access to major freeways and

transportation alternatives, including the RTD light

rail system, Free Metro Ride, and regional bus routes.

18 BUS ROUTES DAILY

15,000 DAILY PASSENGERS

16TH AVENUE BIKE LANE

ACTIVATED PLAZA

CONTEMPORARY DESIGN

CIVIC CENTER STATION

CIVIC CENTER STATION IS ONE BLOCK AWAY and is one of RTD’s busiest regional bus transit centers

DIRECT UNION STATION ACCESS on mall or connector

COLFAX BRT A SHORT WALK AWAY

LIGHT RAIL FOUR BLOCKS AWAY

16TH STREET FREE MALL RIDE WITHIN ONE BLOCK

UNION STATION 7 MINUTES AWAY on Free Metro Ride

QUICK ACCESS TO I-25 AND I-70

BIKE LANES AND PROPOSED DEDICATED BIKEWAYS

REASON 4

Page 11: TECH/CREATIVE FIRMS ARE CHOOSING 4 REASONS · ADJACENT 16TH STREET MALL AND “RESTAURANT ROW” OVER 50 LOCAL-TO-GLOBAL RESTAURANTS and nightlife adventures STEPS TO OVER A DOZEN

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ColoradoState

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Civic Center Park

C I T Y & S T A T EG O V E R N M E N T

TRANSIT SCORE WALK SCORE BIKE SCORE

Page 12: TECH/CREATIVE FIRMS ARE CHOOSING 4 REASONS · ADJACENT 16TH STREET MALL AND “RESTAURANT ROW” OVER 50 LOCAL-TO-GLOBAL RESTAURANTS and nightlife adventures STEPS TO OVER A DOZEN

1 7 0 0 B R O A D W A Y | D E N V E R , C O 8 0 2 0 2

LEASING

Chris Phenicie | 303 628 7411 | [email protected]

Allison Berry | 303 628 7456 | [email protected]

Beacon Capital Partners is a tenant-focused private real estate investment firm with a 70-year legacy of successful real estate

development, ownership, and management. Beacon invests in high-potential office properties in core urban markets with highly-

educated workforces. Beacon’s hands-on approach transforms these properties for today’s tenants, with innovative design, state-of-

the-art connectivity, modern amenities, and award-winning sustainability and risk management initiatives.

From Fortune 100 firms to the leading innovative and growth companies, Beacon’s tenants are proud to call these distinctive

workplaces home. Beacon has raised over $13 billion in equity for nine investment vehicles since 1998 from a diverse investor group

including endowments, foundations, public, private and foreign pension funds, financial institutions, and sovereign wealth funds. This

equity has fueled over 150 office investments with a projected total value of over $38 billion (including leverage and JV partner equity).

For more information, visit www.beaconcapital.com.

© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.