Project Awarded in the Best Development Category
DENVER, CO – July 06, 2015 – Denver Union Station (DUS) was named the Best Development in Commercial Property Executive’s (CPE) 2015 Distinguished Achievement Awards. The redevelopment was led by Trammell Crow Company (TCC), acting as the Owner’s representative in the entity comprised of key public and private stakeholders known as the Denver Union Station Project Authority (DUSPA).
The winners of CPE’s 2015 Distinguished Achievement Awards represent leading transactions, strategies and projects that took place last year. CPE’s Best Development category highlights a project that illustrates an all-around combination of good teamwork, a benefit to the surrounding community and a sound business plan exhibiting solid financial decision-making, preferably also reflecting innovation, creativity and efficiency.
“We are thrilled for Denver Union Station to be recognized by fellow industry leaders and peers,” said Trammell Crow Company’s Denver Business Unit Senior Managing Director Bill Mosher. “The project’s success is due to the creation of a design-build team, familiar with working on complex intermodal projects and dedicated to delivering a world-class project to the Denver community. The deal included an adaptive and innovative funding process, sustainable design efforts, and compound partnerships with the City and County of Denver, regional and state transportation, and several private developers.”
Denver Union Station, which sits at the center of the historic Union Station in Lower Downtown, has transformed the area into a model community of mixed-use development organized around a 21st century transportation infrastructure in an exemplary sustainable urban environment. DUS has redefined the transportation hub and surrounding neighborhood with comprehensive transit capabilities, providing bus, light rail, a new 22-gate bus concourse, and Amtrak under one roof as well as a community itself with park-and-rides, bike lanes, pedestrian-friendly paths, and accessibility to nearby amenities. It is also the hub of the Regional Transportation District’s (RTD)’s FasTracks Program, an expansion plan to build 140 miles of new commuter rail, light rail, and bus rapid transit to serve over 25 million annual passengers in Denver.
The Great Hall at DUS first opened on June 1, 1881 with its present-day structure completed in 1914. In 2012, it underwent a total renovation in order to position the monument as the centerpiece of a new transit-oriented mixed-use development on the site's former 42-acre rail-yard. The building re-opened in the summer of 2014 with the addition of the Crawford Hotel, several restaurants and retailers, and a train hall.
One of the largest projects of its kind, the DUS redevelopment is one of the country’s most complex and successful collaborative efforts through its public-private partnership and design-build strategies. The consortium assembled as a single-purpose nonprofit known as the Denver Union Station Project Authority (DUSPA) included representatives from: RTD, the City and County of Denver, the Denver Regional Council of Governments (DRCOG), Colorado Department of Transportation (CDOT) and private citizens appointed by the Mayor. The design-build team included: Kiewit Corporation, AECOM, Skidmore, Owings & Merrill LLP, and Hargreaves Associates.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of March 31, 2015, TCC had $5.5 billion of projects in process and $3.6 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential and mixed-use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development, or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). For more information visit www.TrammellCrow.com.
*Photo by Ellen Jaskol, Ellen Jaskol Photography. To view more official photos, find “visit the gallery” here*