July 22, 2008
Dynamic Wewatta Plaza Office Space for Lease Near Union Station Redevelopment in LoDo
(Denver) — Wewatta Plaza, a Class AA premium office tower project pursuing LEED certification and owned and developed by Resolute Investments Inc., plans to bring high-end office space to a dramatic LoDo setting. Originally planned as an office condo project, Wewatta Plaza has evolved into a for-lease building featuring world-class amenities in the heart of the Union Station transit hub.
Resolute Investments is currently in preliminary talks with several possible clients for the building and is willing to consider the future anchor tenant as an equity partner in the project. Gary Rohr, chief executive officer of Resolute Investments states, "I think the reason we have such good interest in the building is its excellent location and design coupled with our willingness to entertain an anchor tenant as an equity partner in the building." This unique arrangement makes Wewatta Plaza a desirable opportunity for many businesses in Denver as well as national firms possibly looking to relocate to the Denver area.
The dramatic 180,742 square-foot property, located on the corner of 18th and Wewatta, features Class AA office space, available balconies and exclusive penthouse space. The property, designed by DLR Group, is available for delivery in mid-2010. 224 parking stalls below the building are planned, providing a 1.2 per 1,000 square-foot parking ratio. The 19,551 square feet of lobby and retail space will provide a variety of conveniences for tenants and a dynamic entryway that will impress tenants and guests alike.
A LEED-certified Gold building offers lower operating costs over the life of the building. The green building approach applies a project life cycle cost analysis for determining the appropriate up-front expenditure and a method for calculating costs over the useful life of the asset. Benefits include improving occupant health, comfort and productivity while reducing pollution, landfill waste and energy use.
Adjacent to Union Station Redevelopment in the Central Platte Valley, Wewatta Plaza will truly be located in the middle of Denver's future. Redevelopment plans for the area include transportation upgrades to Union Station highlighting the addition or enhancement of Light Rail, commuter rail, Amtrak and Ski train services as well as regional and commercial bus service. Slated for completion in mid 2012 when the commuter rail comes online, Union Station is expected to handle 120,000 passengers per day. This anchor of metro Denver's transit system will ensure the Central Platte Valley is the premier location for Denver's businesses.
Jeff Castleton and Scott Phillips of Frederick Ross Company co-lease and market Wewatta Plaza with Resolute Investments.
About Resolute Investments Resolute Investments, Inc. is a privately held real estate investment firm whose success is attributed to innovation and a focus on staying ahead of inevitable market trends. Resolute Investments' CEO and president, Gary Rohr, brings 20-plus years of experience in real estate ownership and development as well as private equity investments. For more information about Resolute Investments visit www.wewattaplaza.com.
About Frederick Ross Company Since 1888, Frederick Ross Company ● ONCOR International has built the region's largest full-service, independent commercial real estate organization, providing regional, national, and international services. Brokerage services include office, retail and industrial leasing, acquisitions, land and investment sales, site assembly and portfolio disposition. www.frederickross.com