Housing Authority Sells 777 Grant for $9M
Denver, CO – 12/10/2018 – NAI Shames Makovsky announced today that it represented both sides of the sale at 777 Grant Street, Denver, CO for $9,000,000. NAI Shames Makovsky brokers Dorit Fischer and Hayden Hirschfeld represent the seller, The Housing Authority of the City and County of Denver (DHA) and Todd Snyder represented the Buyer, LCP 777, LLC (LCP Development).
DHA occupies the property as its headquarters and sold it in preparation to relocate to 1035 Osage Street in Denver’s Mariposa District in the LaAlma/ Lincoln Park Neighborhood. Denver Housing Authority's mission is to serve the residents of Denver by developing, owning, and operating safe, decent and affordable housing in a manner that promotes thriving communities. Proceeds from the building sale will support DHA’s affordable housing programs.
Upon DHA’s relocation, LCP will renovate the 1960’s modern, design-driven office building with the help of one of Colorado’s most sought-after architects, Blake Mourer of Open Studio Architecture. The renovated building will feature +/- 11,000 SF floor plates, 12’ ceiling heights with floor to ceiling glass on the south and north sides and abundant and expanded windows on the east and west sides of the building. New amenities to the building will include a corporate living room alongside new ground floor retail, a conference center, fitness center and locker rooms, and indoor bike storage. The building will feature covered parking at a ratio of 3.0/1,000 square feet.
LCP Development understands what today’s forward-thinking and employee-driven companies desire. When complete, 777 Grant St. will set a new standard of design and offer amenities unlike any other building in the Capital Hill submarket. LCP Development has retained NAI Shames Makovsky’s Todd Snyder and Darrin Revious to lease the office suites and Cory Dulberg to lease the ground floor retail suites at the future renovated property.
Founded in 2004, LCP Development is a privately-held, Denver-based development and property management company specializing in mixed-use, infill development and redevelopment and property management. LCP has experience in nearly every real estate asset type, with projects in metro Denver and surrounding areas.
About NAI Shames Makovsky
NAI Shames Makovsky has been shaping the Denver commercial real estate landscape since 1971 by providing solution-driven, innovative, and decisive services to the community. Our full suite of offerings includes brokerage, development, property management, and lending—allowing us to successfully address the most challenging real estate situations.
NAI Shames Makovsky is known for a unique, considered, and visionary approach under any circumstance. We listen and understand first; speak second. NAI Shames Makovsky is a company where nothing is hidden, confidence is earned, and lasting relationships are nurtured. We place honesty and equality above all else and work hard to ensure client satisfaction. NAI Shames Makovsky believes in strongly supporting the community by assisting with its growth and development while providing rewarding financial opportunities for our clients.
For more information visit, www.naishamesmakovsky.com or call 303-534-5005.