D.H. Friedman Properties LLC and Forest City Stapleton Inc. announced today the signing of a lease that will bring Sprouts Farmer’s Market to Forest City’s recently announced 4 million square foot mixed-use Transit Oriented Development (TOD) at Stapleton’s Central Park Station. The Central Park Station location is on the University of Colorado A Line, linking Downtown Denver to Denver International Airport and is only a 15-minute ride to downtown’s Union Station.
“Sprouts will be a great addition to Forest City’s visionary plans for Central Park Station further solidifying its position as an exciting new alternative to downtown, both for urban type residential and commercial opportunities,” said David Friedman, the developer of Village at Central Park Station.
The 30,000-square foot Sprouts Farmer’s Market is projected to open in fall 2018 in the 3500 block of Central Park Boulevard, one block from the train station. Friedman is also developing approximately 110 mixed income condominiums and 12,000 square feet of additional retail space in the surrounding block, bordered on the north by 36th Avenue and on the west by Uinta Street, the principal access to the Central Park rail station one block to the north. The Sprouts store will be located on the block immediately south of Forest City’s recently announced TOD development (Forest City Stapleton Debuts One of Denver’s Largest Transit-Oriented Developments).
“We are so excited to welcome Sprouts Farmer’s Market not only to our new TOD, but to Stapleton as a whole,” stated Jim Chrisman, senior vice president, Forest City Stapleton, Inc.
Forest City and Friedman plan to kick off their respective developments next spring. Sprouts and the balance of Friedman’s development will enhance Forest City’s plans to transform the Central Park Station TOD into a walkable, self-contained, decidedly urban place. Forest City plans to turn Uinta Street into a vibrant pedestrian plaza with additional retail and chef driven restaurants.
Denver City Councilman Chris Herndon called the Sprouts store one of the “key building blocks” that will lead to the successful development of one of Denver’s largest transit oriented developments.
“When we think of TOD, we want it to include a mix of amenities folks want and need to access in their daily lives,” said Councilman Herndon. “The addition of Sprouts in this location is a benefit to people utilizing the A Line, as well as to neighborhood residents. A grocery store is one of the key building blocks in bringing the vision of this TOD to life.”
Newmark’s Vice Chairman Tim Harrington, Executive Managing Directors Mike Wafer, SIOR and Alan Polacsek, and Associate Eddie Kane are handling the office and retail leasing and marketing of Central Park Station One.
Located on the 4,700-acre site of Denver’s former international airport, Stapleton is one of the largest urban redevelopments in the United States. The core objective of the community plan is to create a living example of progressive, sustainable neighborhood design. With a walkable mix of energy-efficient new homes, retail districts, schools, offices and an extensive network of parks and open spaces, Stapleton is not only leading the way environmentally but economically and socially, too. For more information, visit StapletonDenver.com. The community is being developed by Forest City Realty Trust, Inc.
About Forest City
Forest City Realty Trust, Inc. is a NYSE-listed national real estate company with $8.2 billion in consolidated assets. The Company is principally engaged in the ownership, development, management and acquisition of commercial, residential and mixed-use real estate in key urban markets in the United States. For more information, visit www.forestcity.net.
About D.H. Friedman Properties, LLC
D.H. Friedman Properties, LLC is a commercial real estate development company headquartered in Greenwood Village, Colorado. Since its founding in 1997, the company has successfully completed a wide variety of retail, office and multi-family developments in both Colorado and Arizona. For more information, visit dhfproperties.com.
Newmark is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. Newmark’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
Newmark is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.