Greetings Greenwich Realty Capital is a New York City-based real estate development and investment firm that focuses on opportunistic real estate investing in major metropolitan areas across the United States. A few years ago, we identified and began working on an opportunity in Denver, Colorado that we believe has extraordinary potential to generate significant value for both the city and for investors. Set on the axis of Denver’s financial district and retail shopping promenade, 650 17th Street is an asset that will help to further catalyze this downtown neighborhood’s growth. With this project, Greenwich Realty Capital has set the stage to have a sustainable presence in Denver for years to come.
Denver: A City On The Rise Ranked #1 by Forbes as the best place for business and career, and home to a robust and growing technology hub with over 660 startups plus a new Amazon campus just 20 minutes from downtown, Denver is on a steady upward trajectory. Private-sector employment has increased by 21% since 2010, 66% of residents hold a Bachelor’s or more advanced degree, and the downtown population has tripled since 2000. Nearly three million square feet of office space is in the planning stages, and the city is wisely investing in making the downtown neighborhood walkable, sustainable, and appealing to its increasingly upscale population. Meanwhile, however, new residential condominium and hospitality projects have not kept pace with demand among people seeking a cosmopolitan urban lifestyle in Denver. It is this gap in the marketplace that Greenwich Realty Capital is filling with a project that is both worldly and perfectly tailored to the unique character of Denver.
650 17th Street: A Transformative Luxury Lifestyle Tower Designed by internationally acclaimed architect Carlos Ott, 650 17th Street in downtown Denver will be the city’s tallest building at 75 stories and will offer its most luxurious lifestyle destination to date. The 1,000,000+ square foot tower will be comprised of 248 luxury condominium residences, a boutique hotel, 22,000 square feet of retail space, and over 500 parking spaces. Residents will enjoy not only possibly the most breathtaking views available in Denver, but also an unprecedented collection of amenities, including multiple terraces and pools, a spa with sauna and steam rooms, and a fitness center. In addition, sporting amenities include a half-court basketball court, a bowling alley, and a game lounge with a pool table, foosball, and shuffle board. Children will enjoy a playroom with a custom climbing gym. Bicycle storage, pet grooming, day care, art consultation, and butler service are among many other planned offerings.
We invite you to read through this booklet to learn more about 650 17th Street, and reach out to us personally to discuss this extraordinary property in greater detail. We are scheduled to break ground in the fall 2018.
Michael Ursini & Stephen Drew Managing Directors
Address 650 17th Street Denver, CO 80202
Multiple Private & Public Terraces
Block 28 Lot 023
Full-Service Kitchens Pool with maximum sun exposure on the 14th Floor
Lot Area 25,500 Sq. Ft.
Full Service Spa
Frontage 200’ (California Street)
Depth 125’ plus a public alley
Salt Pool & Hot Tub
Zoning D-C, UO-1
Sauna & Steam Rooms
Landmark Status No
State-of-the-Art Fitness Center
Current Height Street Level
Max Height Allowed No Limit
Children’s Playroom with a Custom Climbing Gym
Proposed Height 800 Feet
Advanced Air Purification
Max FAR 20.0
Proposed GSF 1,010,045 Sq. Ft.
Max Lot Coverage 100%
Proposed Coverage 100% podium/40% Tower
Uses Condominium, Hotel, Retail, Parking
Personal & Bicycle Storage
ZONING EAST DENVER BLOCK 161
650 17TH ST (LOTS 1-8)
EASEMENT (LOTS 9-10)
Property Data and As-of-Right Zoning 10.00 FAR Limit Lot Area Buildable Floor Area (w/o bonuses)
Proposed As-of-Right Zoning Floor Area 17,850.00
Proposed Hotel Floor Area
Proposed Base Res Floor Area
Floor Area Transfer (Deed)
Total Bonus Floor Area Aggregated
Proposed Commercial Floor Area
Total Gross Residential
Permitted Zoning Bonuses Premium for Housing Premium for Ped Active Facilities Premium for Outdoor Art
Total Bonus Floor Area Permitted Available Bonus FA
With 20.00 FAR Limit Total Zoning Floor Area Zoning FAR Total Gross Floor Area Gross FAR
RESIDENTIAL PENTHOUSES RESIDENTIAL AMENITIES / MECH RESIDENCES POOL DECK RESIDENTIAL AMENITIES / POOL / MECH HOTEL ROOMS SPA HOTEL MEETING / FITNESS / ADMIN HOTEL LOBBY AND RESTAURANT PARKING LEVELS RESIDENTIAL LOBBY / HOTEL ENTRY / RETAIL / PORTE COCHERE HOTEL B.O.H. PARKING
650 17th Street Tower
PROGRAM STACKING DIAGRAM
“If you’re going to scale somewhere, you’ve got to have that flow of talent, and in Denver, you have it.” -SAMEER DHOLAKIA, CEO, SENDGRID
Full Page Mike & Steve - B&W
URSINI (LEFT), DREW (RIGHT)
Greenwich Realty Capital is a Manhattan-based real estate development and investment firm focused on multifamily condominium and rental projects in major metropolitan areas across the United States with a particular concentration on properties in New York City, Miami, and Denver. The firm specializes in optimizing the potential of undervalued assets through targeted strategies at every point of the development process.
MANAGING DIRECTOR Greenwich Realty Capital co-founder and Managing Director Michael Ursini directs the firm’s investment strategies and financing efforts. Michael has 25 years’ experience in all aspects of real estate development and has worked across multiple property types, including office, industrial, multi-family residential, retail, and mixed-use. His expertise, which touches all phases of development, includes sourcing and negotiating land acquisitions, structuring transaction financing, and orchestrating the design/build process from concept to completion. Previously, Michael worked in the private equity space, both investing in and facilitating capital opportunities for the deregulated energy and merchant capital sectors. In 2005, Michael and Stephen Drew established a real estate investment fund through a $150 million PPM and placed the funds in numerous commercial real estate deals along the East Coast of the United States. Michael earned a BS in Finance from Quinnipiac University. He was previously a member of the Connecticut Home Builder’s Association and currently is on the Board of Directors of Yale Jr. Hockey.
MANAGING DIRECTOR Greenwich Realty Capital co-founder and Managing Director Stephen Drew leads canvassing and analysis of potential acquisitions, as well as debt sourcing. Over the past 20 years, Steve has been involved in real estate transactions with a combined total value over $1 billion. He has a significant background in capital markets and investment advisory services and is deeply knowledgeable about all elements of the development process from acquisition and financing to construction. Prior to co-founding Greenwich Realty Capital, Steve was CEO of Pinnacle Funding, a real estate finance company. In 2005, Steve and Michael Ursini established a real estate investment fund through a $150 million PPM and placed the funds in numerous commercial real estate deals along the East Coast of the United States.
“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.” -MIKE URSINI, MANAGING DIRECTOR, GREENWICH REALTY CAPITAL
Greenwich Realty Capital DESIGN ARCHITECT
EXECUTIVE ARCHITECT/OWNER REPRESENTATIVE
Crown Architecture and Consulting ARCHITECT OF RECORD
Davis Partnership Architects ENTITLEMENTS AND RELATED REAL ESTATE ATTORNEY
Thomas J. Ragonetti of Otten Johnson Robinson Neff + Ragonetti PC ATTORNEY
Bruce L. Likoff of Bryan Cave STRUCTURAL ENGINEER
Thornton Tomasetti GEOTECHNICAL ENGINEER
Hensel Phelps PROJECT CONTROLS CONSULTANT
S 2 Partners
MARKETING AND SALES CONSULTANTS
Kacey Bingham & Team at LIV Sothebyâ€™s International Realty POLITICAL ADVOCATE/PUBLIC RELATIONS
Founded in 1983 by Carlos Ott, the firm rapidly assumed a leading role in the allied fields of urban, architectural, and interior design.
the leading design Architects, Carlos Ott has been awarded several international prizes and awards of merit.
A major player on the world market, Carlos Ott has
From 1969 to 1973 he was vice president in charge of
already carried out projects in over 20 countries. The scope and nature of its international work testify to the firm’s dynamism and the expertise it provides its overseas clients.
development for Cadillac Fairview, a Toronto Canada Based Real Estate Company with large scale projects in the USA and Canada. In 1983, he joined the firm NORR of Toronto, Canada as Design Partner. That very same year, he won the International Competition for the Opera de la Bastille in Paris, France, to commemorate the Bicentennial Anniversary of the French Revolution on July 14th, 1989. Crowning this victory, Carlos Ott launched his architectural firm “Carlos Ott Architecte” in Paris and soon after opened offices in Frankfurt and Weimar, Germany; in Abu Dhabi and Dubai, United Arab Emirates; Toronto and Montreal, Canada, and later in Shanghai, People Republic of China.
Quality and efficiency lead the firm’s primary objective. Carlos Ott provides personalized services guaranteeing the level of performance expected by its clients. Carlos Ott integrates sustainable development not only in its own mission, but in its projects as well. The philosophy of the practice is to design unique structures that comply with the goals and requirements of their owners and end users. The firm only accepts work where a contemporary solution is expected, albeit reassuring its integration with existing historic buildings if they exist. The size and cost of the project are not determining factors in the office’s decision of accepting to work in it, however the client’s attitude and his goals, are. The office uses the latest versions of different computer software such as Autocad; Corel, Photoshop, 3D Studio max and from its origin, the analysis is developed with three-dimensional solutions. Carlos Ott has more than forty years of outstanding experience in the design of architectural projects. He designed and directed large scale projects in the fields of Architecture and Urban Planning. Recognized internationally as one of
The unique style of his architecture is being recognized globally through prestigious awards. 1986 and 1988 - Francois Mitterand, the President of France, distinguished him with the Arts et Lettres and the Legion d’Honneur respectively. 1990 - he was honored with the Gold Medal by the Faculty of Architecture in Uruguay. 1997 - the Washington University granted him the Distinguished Alumni Award, the Museo de Bellas Artes of Buenos Aires acclaimed him with the Vitruvio Award, and Chile praised him with the Gabriela Mistral Prize. 2008 - received the highest 5-star Award for High-Rise Development, from CNBC Asia Pacific Awards, for his residential “One Shenton” in Singapore.
2009 - The Miami Chapter of the American Institute of Architects celebrated him with the Award of Merit for Calgary Courts Centre, Green Building. 2009 - The Annual Buenos Aires Economy & Real Estate Seminar presented Creativity and Innovation Award for his Boca Juniors Hotel in Buenos Aires. 2009 - IGBC (Indian Green Building Council)
award for Artech Residences, Aventura, Florida USA, sponsored by the International Property Awards in association with the Royal Institute of Chartered Surveyors (RICS) and Yamaha. 2012 - Forum Puerto del Buceo, Montevideo, won Five Star Award for the Best Architecture Multiple Residence Americas
recognized the first Phase of Tata Consultancy Services at Siruseri Tecno Park Project with the honor of Gold Rating.
2013 - Doctor Honoris Causa. Distinguished by the Universidad Argentina de la Empresa, UADE, in recognition to his trajectory.
2009 - Artech Residences project won an Award of Excellence at Best of 2009 Awards from McGraw Hill and Southeast Construction Magazine for the Best Residential Hospitality.
2014 - was awarded by FIABCI-SINGAPORE with Prix d´Excellence Awards in Architecture and Design for One Shenton Residential High Rise Category.
2010 - Celebra by Carlos Ott in association with Carlos Ponce de Leon, won the International Property Awards in association with Bloomberg Television for the world’s Best Office Building.
designed by Carlos Ott in association with Carlos Ponce de Leon, achieves LEED Gold®.
2011 - LEED Platinium® second Phase of Tata Consultancy Services at Siruseri Techno Park Chennai India. 2011 - Tata Consultancy Services at Siruseri Techno Park Chennai India by Carlos Ott in association with Carlos Ponce de Leon, won the Asia Pacific Property Award in association with Bloomberg Television for the Best Office Architecture in Asia. 2012 - Playa Vik, Jose Ignacio Maldonado Uruguay, a seven star Resort Hotel designed by Carlos Ott in association with Edgar Baruzze, won the Best Hotel in the world Wallpaper Design Awards. 2012 - won the International Property Awards for Apartments, Awards for Florida, USA; Five Star
2015 - Celebra Office Building, Montevideo, Uruguay
2015 - Harbour Tower, Madero Harbour Buenos Aires, Argentina, won the Best International Residential Highrise Architecture. 2015 - Phare Tower, Asuncion del Paraguay designed in association with Carlos Ponce de Leon, won the Best International Office Architecture sponsored by International Property Awards. Several projects have recently been completed or are under construction in France, Germany, Canada, the United Arab Emirates, Saudi Arabia, China, Singapore, Malaysia, India, Sri Lanka, Mexico, Panama, Ecuador, Dominican Republic, Argentina, Brazil, USA, Philippines, Venezuela, Paraguay and Uruguay.
W W W. C A R L O S O T T. C O M
Crown was established in 2008, days before the worst collapse of the economy since the Great Depression, with a focus on creating a firm cohesive to a developer’s needs, providing all services needed for real estate development under one roof. Crown has crafted a vertically integrated model offering development underwriting and due diligence services coupled with professional services such as architecture, engineering, code consulting and expediting. Crown has a deep understanding of each layer of the development process and the foresight to shorten renovation and construction timelines and avoid delays. Crown currently represents all asset classes, including new construction and gut rehabilitation residential buildings, private luxury residence, hospitality, commercial, retail, medical and education. With a core concentration in the tristate NYC metro area, Crown has worked on over 10,000 residential units during the recent residential development boom. Michael Santora started Crown in 2008 to create a vertically integrated architecture firm that solved many of the inefficiencies he saw between ownership, third-party professional services and city agencies. Prior to starting Crown, Michael worked at M. Moser Associates, a global firm with 12 offices worldwide and 4,500 completed projects to date. He was quickly promoted to Director of New York which oversaw all operations in the Americas and helped close many acclaimed projects. This position marked the youngest promotion to Director in the company’s history. Prior to working at M. Moser Associates, Michael worked at AEC Engineering, a design/build engineering firm, where he learned the inner workings of the New York
City development industry and assumed the number two position in the firm. In this role, Michael was active in every aspect of the field: Design, Engineering, Municipal Legalization and On-Site Construction Management. Throughout college he moonlighted as a draftsman for the NYC architecture firm Attick & Nystrom. Crown’s success has been grounded in Michael’s unparalleled knowledge of building code, zoning, and the inner-workings of municipal agencies, while remaining committed to the creativity, design, and style of each project. Michael has advised and negotiated on behalf of many of New York’s most active developers on over three million square feet of development transactions, and currently advising and providing due diligence in the Los Angeles, Miami, Washington DC, and Denver markets. Michael was a Presidential Academic Achievement Award Winner under President Clinton and graduated from Wentworth Institute of Technology with Bachelor of Science degrees in Architectural Engineering and Civil Engineering. Michael is active in the ACE Mentoring Program, where he was once a mentee and scholarship recipient, for the advancement of high school students looking to enter architecture, engineering and construction. Michael currently sits on the Board of Directors for BOOM!Health, a non-profit organization that supports program participants on their journey towards wellness and self-sufficiency in the Bronx, NY where he advises on their real estate assets. Remaining active at his alma mater, he is a Corporator at the Wentworth Corporation, guiding, advising and advancing the Institute, alumnus inductee of World Association for Cooperative Education’s (WACE) Hall of Fame, endows the Crown Scholarship for undergraduates in the architecture program, and was awarded Wentworth’s Alumni Association’s 2015 Young Alumni Award. Michael also enjoys teaching Real Estate Board of New York and NYU Continuing Education courses. W W W. C R O W N A R C H I T E C T U R E . C O M
Davis Partnership Architects has been influencing the ongoing development of the Rocky Mountain West’s urban and rural communities for generations. While Davis Partnership is celebrating its fiftieth anniversary under the “Davis” moniker in 2017, its true architectural legacy began more than a century ago. Under the names of Fisher and Fisher, Fisher and Davis and the modern-day Davis Partnership Architects, the firm has gradually taken its place as one of the largest, most influential design firms in the West. Since William A. Fisher’s downtown Denver architectural practice opened in 1892, the firm and its predecessors have shaped a great number of Colorado’s most prominent commercial, educational, civic and cultural landmarks as well as many of the most respected healthcare and research and development facilities in the nation. Built on the foundation of a broad and dedicated clientele, Davis Partnership has consistently demonstrated a level of service and design that has earned the trust and respect of clients and peers alike. Brit Probst, AIA, LEED AP, joined Davis Partnership in 1991, and leads Davis Partnership design teams in a wide variety of educational, commercial, residential, public assembly, hospitality and mixed-use projects. A leader within the firm and the profession, one of Mr. Probst’s strengths is in guiding design teams towards unexpected, innovative solutions to complex problems. He encourages an open, highly interactive process with clients to better respond to their goals, and, when planning, excels at integrating the functional, economic, and aesthetic opportunities inherent in each project. In addition to his rapport with clients, he has a reputation for excellent working relationships with contractors, engineers, and regulatory
agencies throughout the Colorado Front Range. His projects have totaled over three billion dollars in construction volume. Mr. Probst has received more than twenty prominent design awards from local and national organizations for his work. He is a LEED-accredited professional, and an advocate for sustainable design. He has spoken extensively on a variety of topics related to architecture, including lectures at the Vail Symposium, and his articles have appeared in numerous publications. Mr. Probst graduated in 1978 with a degree in architecture from the University of Cincinnati.
W W W. D A V I S PA R T N E R S H I P. C O M
MICHAEL URSINI Managing Partner 203.996.7340 email@example.com
STEPHEN DREW Managing Partner 917.716.3600 firstname.lastname@example.org
NEW YORK HEADQUARTERS 745 5th Ave, 5th Floor New York, NY 10151 DENVER OFFICE 2901 Blake St, Suite 100 Denver, CO 80205 FLORIDA OFFICE 2000 Ponce de León Blvd, Suite 600 Coral Gables, FL 33134 011 646.768.4280 www.greenwichrc.com
All matters addressed or described in this brochure are subject to change at any time and from time to time, and none of the parties mentioned herein shall have any obligation or liability of any kind or nature whatsoever, to anyone, as a result or consequence of any such changes.
Published on Sep 15, 2017