Atlanta-based
Portman Holdings plans to build
a 200,000-square-foot office and hotel at 18th and Wewatta streets across from Denver Union Station.
Portman plans to break ground on the project this fall. General contractor
Hensel Phelps expects to complete construction within 18 months of breaking ground. Designed by John Portman & Associates, the project will feature a public outdoor space.
"This location is unbeatable," says Ambrish Baisiwala, CEO of Portman Holdings. "Denver is just the type of market we are bullish about, and we appreciate the dynamics of the Union Station neighborhood, as well as the walkability and integrated transit."
As of December, there projects valued at $1.5 billion were under construction in downtown Denver. Denver also has recovered 110 percent of the jobs lost during the recession.
Over the last 60 years, Portman Holdings has developed more than 50 million square feet of real estate worldwide. The firm focuses on hospitality, office and mixed-use properties. John Portman & Associates has more than 60 years of experience designing hotels, residences, offices, universities, exhibition centers and mixed-use complexes.
Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.
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