Background: In July 2019, Halpern entered into a Joint Venture agreement with a local operating partner to acquire two parcels of land, GWS and MHE. GWS is a 1.1-acre development site located at 4001 Walnut Street (GWS Phase I) and 4003 Walnut Street (GWS Phase II). MHE is a 1.7-acre adjacent development site located at 4000 Walnut Street. The development sites are in downtown Denver's River North (RiNo) neighborhood, one of the city’s most in-demand submarkets experiencing significant public and private investment. The transit-oriented developments are two blocks from the new 38th & Blake Street light rail station and offer proximity to Interstate 70 and Interstate 25. Together, the three developments will create an urban live-work-play destination, bringing speculative office space, multifamily residential units, retail space, and parking to RiNo’s rapidly developing northeast end.

Description: 4001 Walnut Street is in a certified Opportunity Zone, one of the only Opportunity Zones in Denver’s downtown core. Halpern is proceeding with its development plan for a Class A five-story, 115,000 SF speculative office building. The building design for 4001 Walnut Street will emphasize tenant health & wellness, innovation, and optionality as to how conventional space is allocated. 4001 Walnut Street will also be designed for interconnectivity with 4003 Walnut Street (Phase II).

Status: Pre-construction.