Commercial construction: Construction on five new commercial buildings is getting underway in Lowry Town Center District. Hibernia Holdings has broken ground on Promenade Place, a three-building medical condominium complex.
Developer Seth Taylor is breaking ground on Lowry Professional Building, a 14,000-square-foot office condo that is 58 percent presold to medical-office firms.
Stanisz Development will break ground this summer on a 22,454-square-foot retail and office building.
Meanwhile, Steam Plant Partners recently broke ground on two live/work units as part of the Steam Plant Row Homes in the Lowry Town Center District. Each unit is about 500 square feet of commercial space with a separate storefront entry and a 2,700- to 2,800- square-foot custom residential home above it.
Well trained: The University of Colorado Hospital will open a clinical training center at Bioscience East, a 25,000-square-foot building at Fitzsimons. The center is expected to open in August.
The Work, Education and Lifelong Learning Simulation Center, also known as the WELLS Center, will feature patient-simulation resources, including computer-driven mannequins that mimic patient reactions. It also will have the Visible Human Dissector, an interactive computer program for virtual anatomy and dissection developed by the University of Colorado Health Sciences Simulation Center.
Industrial strength: Denver-based Dividend Capital Trust Inc. has paid $496.4 million for 79 bulk-distribution, light-industrial and service-center buildings in eight markets.
The company bought the buildings, which total 7.9 million square feet, from a joint venture between TIAA-CREF and RREEF. The buildings are in Atlanta; Baltimore; Charlotte, N.C.; Cincinnati; Dallas; Miami; Orlando, Fla.; and San Francisco. Dividend Capital is a real-estate investment management firm.
Speculative building: Etkin Johnson Group will break ground this month on a speculative industrial flex building at the Colorado Tech Center in Louisville.
The 109,068-square-foot building will be the fourth in the park for the Denver company. The other buildings, totaling 250,000 square feet, are full.
“The market seems to be recovering,” said Jim Vasbinder, vice president of development. “We have a number of buildings and quite a bit of property in that (U.S.) 36 corridor.”
Staff writer Margaret Jackson can be reached at 303-820-1473 or mjackson@denverpost.com.
