Unico unveils plans for Denver Club Building’s $10 million facelift

June 06, 2016 / Posted in Denver, Developments, Downtown, Real Estate

DENVER BUSINESS JOURNAL – Unico Properties LLC has unveiled its plans for a previously announced $10 million improvement initiative at the Denver Club Building, a 24-story office tower downtown at 518 17th St.

Seattle-based Unico bought the building in 2015 for $30 million, according to Denver County public records. The building sits on a site that was formerly home to a mansion that served as the headquarters for the Denver Club beginning in 1888. The mansion was demolished in 1954 and the office tower now stands in its place.

Upgrades to the building include a two-lane bowling alley, a bar, a new lobby, restrooms and common corridors, as well as an updated conference room and co-working space.

In addition, Unico is rebranding the Denver Club Building, calling it The DC Building. Occupancy in the building is about 77 percent, and Cushman and Wakefield will handle leasing.

“Our strategy for this asset was to maintain the character of this architectural gem and historic landmark in downtown Denver, while creating a modern office space with unparalleled services. From the state-of-the-art, tenant-facing upgrades, to extensive, behind-the-scenes building systems improvements, our goal is to redefine downtown Denver’s office concept and create a premier office property that’s unlike anything else in the market,” said Austin Kane, Unico Properties vice president and regional director of Denver and Boulder.

Read the full report in the Denver Business Journal: http://bit.ly/291IG8z.

Copyright 2016 KUSA

http://www.9news.com/money/business/unico-unveils-plans-for-denver-club-buildings-10-million-facelift/258148085