Riverside and Convexity Form Venture with Canyon Partners to Develop 30-Story Office Tower in Downtown Denver; Secure Construction Loan from Bank OZK
December 20, 2021
DENVER – Dec. 20, 2021 – Riverside Investment & Development Company (“Riverside”) and Convexity Properties (“Convexity”) today announce their partnership with Canyon Partners Real Estate LLC (“Canyon”) in the development of 1900 Lawrence, a 30-story, Class A office tower located in Denver’s West CBD submarket, one of the city’s fastest-growing mixed-use neighborhoods. Canyon made an $80 million preferred equity investment in the development concurrent with the closing of a senior construction loan from Bank OZK. Construction is expected to begin in March 2022, with completion scheduled for early 2024.
Designed by renowned architect Goettsch Partners, 1900 Lawrence will offer state-of-the-art office space, featuring expansive ceiling heights and highly efficient rectilinear floorplates with floor-to-ceiling glass, as well as multiple floors with private tenant terraces with views of the Front Range, Coors Field and Skyline Park. Best-in-class amenities will include a leading-edge fitness center, multi-use conference facilities and a tenant lounge with direct access to a landscaped outdoor terrace. Designed with the latest technology, sustainability, and health and wellness standards in mind, 1900 Lawrence will include hospital-grade ventilation systems, touchless elevator and access control, and will seek LEED, WELL and WiredScore certifications.
“1900 Lawrence will be the premier office building in Denver upon completion,” said Anthony Scacco, Chief Operating Officer at Riverside. “The local economy continues to benefit from corporate relocations and dynamic population growth, and our location is tailor-made for a best-in-class office environment that prioritizes occupant wellness, technology and unparalleled amenities. We look forward to delivering workspace that matches the demands of top-tier talent within the Denver business community.”
Leasing of the project will be managed by Jamie Roupp from JLL who added, “Now, more than ever, the office leasing decision revolves around what will compel employees to come back to the office. And when they do, what is required to sustain a productive and fulfilled workforce? 1900 Lawrence is designed with those questions in mind. Tenants in Denver, existing and new to market, are gravitating to the quality and location of this asset.”
The project, totaling over 700,000 square feet of office space and 10,000 square feet of retail space, is located within a five-block radius that has attracted over $4 billion in private investment since 2010. With a Walk Score of 96, Transit Score of 98 and Bike Score of 95, 1900 Lawrence is within easy walking distance to numerous dining, retail and entertainment amenities and will enjoy excellent accessibility, including direct access to I-25. For more information, visit www.1900lawrence.com.