Historic downtown building undergoes renovation

Dunkeld-14 Co, LLC plans to redevelop the historic building at 414 14th St., adding nearly 6,000 square feet of space.

Built in 1923 as an administrative building for Denver Public Schools, the building now houses offices for the Denver Art Museum, which will relocate early next year to a new building in the Golden Triangle.

"We are extremely excited to get the opportunity to restore and redevelop this beautiful building where we can blend architectural detailing from the 1920s with contemporary architectural elements to create an exceptional office work space in downtown Denver," says Tom McLagan, managing partner in Dunkeld-14.

Dunkeld-14, a partnership that includes the principals of Hyder Construction Co., plans to add a new entry to the building and install a new HVAC system that will allow the more than 150 windows along the perimeter of the building to remain operable. Each of the three floors above grade will be about 12,000 square feet. An additional 10,800 square feet in the lower level will include amenities such as bike storage, shower rooms and space for a variety of tenant uses. The building comes with 48 dedicated parking spots adjacent to the building.

"We think there are quite a few tenants out there that would rather be in a building like this with modern new systems than on the 36th floor of a high rise," says Jeff Caldwell, a broker with Pinnacle Real Estate Advisors who, with Blake Holcomb, is marketing the property. "This will have a brand-new modern infrastructure."

Over the last few years, the Downtown Denver Partnership has branded 14th Street as the "Ambassador Street" because of the diversity of visitor-oriented uses found along the corridor, including the Colorado Convention Center, the Denver Performing Arts Complex and the Hyatt Regency at Colorado Convention Center. The district covers the entire the 12 block length between Market Street and Colfax Avenue and extends approximately one-half block on either side of 14th Street. Since 2002, $1.5 billion in public and private investments have been made along the corridor.

"This is an exciting redevelopment project that will complement the investments already made along 14th Street," says Tami Door, president and CEO of the Downtown Denver Partnership. "It is innovative projects like these that illustrate how historic buildings can be repurposed to bring even more vitality to downtown Denver."