Schnitzer West partnership to develop 12-story office building in Denver
Schnitzer West, a real estate investment, development and property management companies, has plans to develop The Current, River North , a 12-story class-A office building at 3615 Delgany St., in the River North Art District (RiNo) of Denver.
The office development is the result of a partnership between Schnitzer West and Craft Cos., a Denver-based, multi-directional real estate firm.
Schnitzer West purchased the 34,250-square-foot site to develop an office building for business and retail purposes. The Current’s design includes extensive use of architectural glass, two levels of underground parking, three levels of above-grade podium parking, and eight floors of office space. The top two floors of the building will offer private amenities for tenants, including Schnitzer West’s signature “great room” working and leisure space, and a rooftop terrace, so that tenants can enjoy views of downtown and the Front Range mountains. Additional amenities will include ground-level retail, office-building lobby and conference center and bike storage. The first phase of construction is scheduled to begin February 2020.
“Bringing class-A office space to RiNo is critical for the Denver market’s continued success and economic growth,” said Doug Zabel, managing partner at Schnitzer West. “The Current, River North is designed to be a culture-ready workspace based on input from local entrepreneurs, CEOs, HR leaders and talent. The office development’s real-world design will offer tenants the flexibility to build and scale their businesses with an engaged workforce in a vibrant environment. The addition of The Current, River North to RiNo will help address the growing demand for tenants and will increase availability of high-quality office space in this highly sought-after cultural hub.”
Located near multi-family housing, upscale hotels and retail space, The Current, River North is also located three blocks away from the RTD A-Line station. The proximity to Denver’s public transportation will add increased flexibility for commuters and business travelers flying to and from Denver International Airport.