ROCKEFELLER GROUP AND GOLUB & COMPANY ACQUIRE DENVER’S GREYHOUND TERMINAL IN JOINT VENTURE
– A Class A, mixed-use project is planned for the 2.5-acre full-block site
Golub & Company and Rockefeller Group have announced the acquisition of 1055 19th St. in downtown Denver, the 2.5-acre site of the former Greyhound bus terminal. Leading the acquisition were Dave Smith and Laura Newman from Golub & Company’s Denver office and Rockefeller Group’s Tom Weeks. The seller was Greyhound Lines, Inc., which recently relocated its bus operations to nearby Union Station. Greyhound Lines, Inc. was represented by JLL’s Jamie Roupp, Patrick Bollick and Julie Rhoades.
The venture is planning a large-scale, mixed-use development on one of the last undeveloped full-block sites downtown. The site is bounded by 19th, 20th, Arapahoe and Curtis Streets. It is directly across from the Ritz-Carlton hotel and within walking distance of Union Station, the River North Art District, and Coors Field.
“We are thrilled to have completed this acquisition in partnership with Rockefeller Group, and to have this opportunity to reimagine one of Denver’s most promising locations for the future,” said Michael Newman, President and CEO of Golub & Company. “As this marks our third significant project in Denver, it is clear we are strong believers in the city’s investment potential,” said Josh Patinkin, Senior Vice President, Capital Markets. “Together, the demographics, population shifts, job growth and access to outdoors make it even more attractive long-term than ever before,” he added.
“2020 is ending on a high note with the start of this venture,” said Tom Weeks, Rockefeller Group’s Executive Vice President and Head of Development. “Given the scale of this project and the combined talents and track records of the development team, we look forward to creating a dynamic mixed-use project with a strong sense of place, building on the authenticity and vibrancy of downtown Denver.”
Both Rockefeller Group and Golub & Company have extensive track records pioneering large-scale mixed-use developments. The Greyhound station redevelopment is the first co-development between the two firms and is Rockefeller Group’s first project in Colorado.