Denver, Colo., October 16, 2019: LCP Development has officially broken ground on a visionary project on a storied site on the corner of 8th Avenue and Grant Street. The project includes the renovation of an existing office building and the construction of a neighboring apartment building and garage.
The office portion of the project, located at 777 Grant Street, will transform an existing 1950’s-era building that formerly served as the headquarters for the Denver Housing Authority into a multi-tenant modern office space. The six-story, 109,700 SF building will undergo extensive design and infrastructure renovations including window expansions and the addition of ground floor retail space. A corporate living room will include communal work and lounge areas as well as connected outdoor patio areas.
The 80,709 SF multi-family portion will be built on a neighboring site at 757 Grant Street. The ground-up, eight-story building will include 68 studio units all under 500 SF and below and above-ground parking. Amenities will include a community room, fitness center and rooftop deck.
This visionary project looks to bring a distinct product to the already vibrant Capitol Hill neighborhood.
“LCP was attracted to the 777 Grant project because the asset afforded the opportunity to redevelop a unique office building in an amenity rich neighborhood,” remarked Jonathan Bush, founding principal and managing partner for LCP Development. “The existing surface parking lot also offered the ability to increase density, with the addition of 68 market-rate studio apartments as well as new parking to serve both projects. Between the revitalization of the existing structure and ground-up construction of a new building, 777 Grant will become a distinct asset for the Capitol Hill neighborhood, serving both residents and businesses.”
The office renovation is expected to be complete in July 2020 with the apartments tracking an April 2021 completion.
Brinkman Construction is the general contractor for both projects. Open Studio Architecture designed the office building and RATIO | HPA designed the apartments. NAI Shames Makovsky is handling the retail and office leasing.