Block A growth. Picture courtesy of JLL Capital Markets
Continuum Companions has secured $23 million in refinancing for a 60,000-square-foot part of A Block, a mixed-use growth in Denver. A JLL Capital Markets group led by Senior Managing Director Eric Tupler organized the mortgage via HTLF.
Accomplished in 2017, the Class A property is a part of the A Block growth, a $120 million resort, workplace and retail complicated. The property includes a 47,047-square-foot workplace constructing, 12,551 sq. toes of retail and a 200-key resort. The 12-story resort was not a part of the mortgage’s collateral.
The five-story constructing has a metal body building sort and masonry exterior, and options two passenger elevators, a health heart, managed entry and 197 subterranean parking areas. The low-rise constructing is LEED Silver Licensed.
The event is positioned at 1881 sixteenth St., within the LoDo neighborhood, proper subsequent to Union Station. The transit-oriented property can be near the intersection of Interstate 25 and Route 287.
Union Station redevelopment
Block A is a part of the Union Station venture, a multibillion-dollar redevelopment. The $500 million estimated venture plans to remodel roughly 19.5 acres of deserted rail yard into an city heart that includes retail, residential and workplace developments.
Financing for the Denver Union Station venture features a collection of private and non-private sources. The venture options roughly $200 million of native, state, federal and personal developer generated funds and $300 million of federal loans. Round $3.5 billion will likely be invested in non-public growth tasks, in keeping with RTD Denver.
Continuum serves as grasp developer, the group additionally together with Skidmore, Owings and Merrill, in addition to AECOM, Kiewit Development and Hargreaves Associates.
