Work starts on 40-Story Tower in Downtown Denver

Hines has started work on 1144 Fifteenth tower in Denver.

In Denver, Hines on Tuesday started work on a 40-story tower in downtown Denver, one of the tallest projects built in Denver’s CBD in nearly three decades.

The 662,000-square-foot project, called 1144 Fifteenth, will be located between Arapahoe and Lawrence Streets. The site is one block from the historic Latimer Square.

Hines is starting the building on a spec basis. The Houston-based developer is also building a 1 million sq ft spec building in downtown Houston.

The Denver project, designed by Pickard Chilton, will consist of 27 floors of office space atop a 13-story podium comprising retail, restaurants, and a fitness facility.

With rents expected in the $32 to $40 per sq ft range, Hines has selected JLL to lease the project.

“Pickard Chilton and Hines have an exceptionally successful track record of developing best-in-class office projects in North America. This project will provide the high level of quality expected from a new Hines office building, and we are pleased to be delivering the next landmark office tower in Denver,” added Hines Senior Managing Director, Charles Elder.

Hines is a privately owned global real estate investment firm founded in 1957 with locations in 185 cities in 19 countries.