1245 Elati Street - Rare Denver Development Opportunity

JLL Capital Markets has been retained as the exclusive investment advisor for the sale of 1245 Elati St. The 18,800 sq ft development site sits between 12th and 13th on Elati Street. The site is currently improved with a vacant 9,416sf office/warehouse. The site is located in Denver’s D-GT zoning area. The Downtown Golden Triangle District (D-GT) zoning is designed to encourage a vibrant urban environment that prioritizes pedestrians, promotes a mix of uses, and supports architectural creativity and variety. Key elements include active pedestrian oriented streets, mixed-use development, and a focus on arts and culture.

The D-GT Zone District acknowledges the Golden Triangle’s adjacency to Denver’s Central Business District with an allowed 15:1 FAR density and 240' max height. The D-GT zoning promotes a variety of uses including multifamily housing, lodging, office space, civic facilities, and retail with a rich, pedestrian-focused, active ground-floor character. The district showcases a blend of historic and contemporary buildings of different sizes, heights, and details, contributing to its electric character and prioritizing a human-scale experience at the street level. Recent development exhibits a flexible variety of uses and styles, including structures over 20 stories in height as allowed under the Point Tower building form.

The development site is situated in the city and county of Denver. The site sits on the western boundary of the Golden Triangle neighborhood, one of Denver’s most active and prolific neighborhoods. The properties are located between two of Denver’s largest employment centers, Downtown Denver and Cherry Creek North. Combined, they employ over 145,000

people.