November 21, 2017

For decades, it seems the Denver skyline has remain unchanged, until recently that is. With a torrent of people flocking to live in the Mile High City, Denver has seen an unprecedented building boom for residential and now high-rise commercial space. There have a been a handful of new additions to the Denver skyline, but none as significant as the 1,000-ft. tall, 90 story, $400 million skyscraper planned for 650 17th Street, which is also the building’s proposed name. If approved Six Fifty 17 will become the most visible crown jewel of Denver’s downtown skyline.

“Transforming a skyline — especially in a city with as much history and progressive spirit as Denver — takes powerful collaboration between global and local talent. I can confidently say that GRC has accomplished this with 650 17th Street,” said Mike Ursini, managing director of Greenwich Realty Capital (GRC), which is a New York-based real-estate developer.1

Plans and Details about Six Fifty 17

Will Six Fifty 17 Be Denver’s Newest Mixed-Use Crown Jewel? | Denver Property Tax Appeal Attorney

Will Six Fifty 17 Be Denver’s Newest Mixed-Use Crown Jewel? | Denver Property Tax Appeal Attorney

The following details and plans about Six Fifty 17 were gathered from news reports and the building’s website at sixfifty17.com:

  • GRC has been working with renowned Uruguayan architect Carlos Ott (known for designing Opera De La Bastille in Paris), of the New York firm Crown Architecture, to design the modern, mixed-use space tower.
  • At 1,000 feet tall, Six Fifty 17 would be the 19th tallest skyscraper in the U.S., and rise 286 feet taller than the Republic Plaza Building, which is currently Denver’s tallest building.
  • The tower would comprise 1,000,000 square feet of space for office and residential use.
  • Other amenities would include 248 luxury condos, a boutique hotel, 22,000 square feet of retail space, and accommodate over 500 parking spaces.
  • Condominium residents will enjoy sweeping views of the Front Range and the mountains, multiple terraces and pools, a spa with sauna and steam rooms, and a state-of-the-art fitness center.
  • The building will also feature a half-court basketball court, bowling alley, and a game room with billiards, foosball, and shuffleboard. There’s even a children’s playroom with a climbing wall.
  • Other amenities include day care, pet grooming, bicycle storage, in-house concierge, art consultation, and butler service.
  • The Six Fifty 17 project team hopes to break ground sometime in the summer of 2018.

Red Tape and Legal Hurdles Facing Six Fifty 17

The following are some of the municipal hurdles that Six Fifty must pass before it can become reality:

  • GRC has already submitted a preliminary project application, but no formal site plan has been submitted.
  • Denver’s Community Planning and Development Board has acknowledged that they have been in contact with the Six Fifty 17 project team, but has not received the tower’s plan for review, yet.
  • Although the plan hasn’t been approved by the city yet, the 25,000-square-foot site is currently occupied by a parking lot owned by Paradise Land Co., which has confirmed that the property is currently under contract to be sold to GRC.

Contact a Denver Real Estate Lawyer at Downey & Associates, PC

The last thing a developer wants to happen with a large construction project of this magnitude, is to have it scrutinized by planning boards and possibly even not approved for some type of unforeseen zoning or building code violation. The Denver Real Estate Lawyer at Downey & Associates, PC. has the experience to oversee many of the legal and transaction hurdles facing large development projects of this size and scope. Our Denver real estate lawyer can also oversee:

  • Acquisitions and purchase agreements
  • Sales, sale agreements and closing issues
  • Contract disputes and leases
  • Property management
  • Property valuation
  • Title assessments and title defects
  • Easements and more

To schedule a free, no-obligation initial consultation, call 303-647-9399, or contact us via email using the online message form available on this page.

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1“Massive Proposed Skyscraper Would Change Denver Skyline” published in Our Community Now, Oct. 2017.

Categories: Buy-Sell Agreements, Contracts, Development Plans and Building Permits