Pre-Leasing Begins for Stapleton Office Building
Building Designed to achieve LEED Gold Certification
DENVER, Colorado – March 19, 2008 - Forest City Stapleton, Inc. has announced it will begin pre-leasing of a planned five-story office building at the corner of Martin Luther King Boulevard and Syracuse Street in the heart of Stapleton – Denver’s newest urban neighborhood.
“Forest City believes Stapleton is one of the premier addresses for office tenants who want easy access to both Downtown and Denver International Airport with a quality of life that is enhanced by pedestrian-friendly neighborhoods, a diversity of retail and housing and wonderful open space that includes the recently dedicated 80–acre Central Park,” said David Ditchman, director of leasing and business development for Forest City Stapleton.
“This office building will further Stapleton’s reputation as one of the nation’s premier sustainable communities in which tenants enjoy working in quality, energy-efficient offices within walking distance of homes priced to be affordable to everyone from the CEO to the receptionist,” Mr. Ditchman added. “Forest City is fully committed to the future of Denver and Stapleton’s exceptional potential for commercial and office development.”
The 125,000 square foot building has been designed to achieve the LEED Gold standard developed by the U.S. Green Building Council (USGBC). Designed by MOA Architecture, a Native American-owned firm in Denver, the proposed building mixes a
traditional brick façade with a modern glass curtain wall and features a grand two-story atrium, floor to ceiling windows that offer spectacular views to the west and efficient floor plates of 25,000 square feet. The building will have excellent proximity to I-70 and I-270, as well as rail access that is scheduled to link Stapleton to DIA and Downtown Denver as part of the FasTracks rail program in 2014. The building will also have 535 parking spaces on site.
Currently Stapleton has slightly more than 186,000 square feet of office space, most of which is in or adjacent to the E. 29th Avenue Town Center.
More information about leasing the new Stapleton office building is available from Frederick Ross & Company by contacting Scott Garel, Joe Heath or Don Misner at 303-892-1111.
About Stapleton
Stapleton’s 4,700 acres, or 7.5 square miles, represents one of the nation’s largest urban redevelopments. Stapleton is centrally located, 10 minutes east of Downtown Denver and 20 minutes from Denver International Airport. For more information, go to www.StapletonDenver.com or visit the Stapleton Visitor Center, located at 7480 East 29th Ave. in Stapleton’s 29th Ave. Town Center, 303-355-9600.
About Forest City Stapleton, Inc.
Forest City Stapleton, Inc. is a wholly owned subsidiary of Forest City Enterprises, Inc., a $10 billion NYSE-listed national real estate company. The Company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States.
Safe Harbor Language
Statements made in this news release that state the Company’s or management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. The Company's actual results could differ materially from those expressed or implied in such forward-looking statements due to various risks, uncertainties and other factors. Real estate development risks and factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the inability to secure sufficient financing on favorable terms, construction risks, increases in commodity costs, the inability to obtain required governmental permits and authorizations, the inability to secure tenants or anchors for the project, the withdrawal of a prospective anchor or project partner, opposition from third parties, competition in the target market, economic conditions in the target market, the adverse impact of environmental matters, softening of the housing market, and other risk factors as disclosed from time to time in the Company’s SEC filings, including but not limited to, the Company’s annual and quarterly reports.