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Broe Real Estate Group Breaks Ground on Country Club Towers II

Denver Mayor, Councilman and business leaders speak at ceremony
Construction project to employ 1,000 workers, provide workforce training

Denver – Broe Real Estate Group, an affiliate of The Broe Group, has started construction on a major, residential apartment building project that will employ up to 1,000 construction workers and provide high-quality housing with innovative design in a supply-constrained market. Denver’s newest landmark apartment building, the twin 31-story Country Club Towers II, will be located in the West Wash Park neighborhood near the intersection of South Downing Street and East Bayaud Avenue. The first units will be available to renters in mid-2017.

A groundbreaking ceremony held today featured Denver Mayor Michael Hancock, Councilman Chris Nevitt, Sean Broe representing The Broe Group, Doug Wells and Carl Luppens of Broe Real Estate Group, Gary Rafferty of Swinerton Builders and Michael Gifford of the Associated General Contractors of Colorado. The speakers praised the project and the job training that is to be provided by Swinerton and Associated General Contractors of Colorado.

“We are delighted that the Country Club Towers II project will benefit the local economy by training and developing the next generation of Denver’s workforce, helping to fill the construction industry’s continuing need for a skilled workforce, : said Mayor Hancock.

“The Broe family and The Broe Real Estate Group are making a significant investment to develop Country Club Towers II, and are showing our long-term commitment to Denver by offering residents high-quality homes in an attractive urban setting,” said Sean Broe.  “The development, which will include ample parking and plenty of green space, is a striking enhancement to the existing property and the highly desirable Denver community of West Wash Park. People want to live near downtown Denver, and we are pleased to be able to provide state-of-the-art, energy-efficient residences that are close to where they work and play.”

Country Club Towers II will offer 552 apartments and 1,005 structured parking spaces, which is double the zoning requirements. Each apartment will have floor-to-ceiling, energy-efficient bay windows offering panoramic views, granite surfaces, stainless steel appliances, and in-unit washers/dryers. Amenities include a lap pool with 26,000-square-foot deck, fitness center, yoga rooms, bike repair station, multiple outdoor patios and an indoor common kitchen and clubhouse. Additionally, the existing apartments in the Country Club Gardens and Towers are being renovated as part of the project.

“Country Club Towers II represents a new strategic focus for Broe Real Estate Group to develop high-quality, state-of-the-art residential rental housing in supply-constrained urban markets in the U.S. Country Club Towers II is the first of several projects Broe Real Estate Group expects to undertake over the next several years,” said Doug Wells, CEO of Broe Real Estate Group.

Considerable infrastructure work supporting this project and benefitting the local community has already been completed including replacement of 100-year-old water lines for residences along Downing and Ogden streets.  In addition, plans call for installation of a signal at Downing and Bayaud streets to address existing traffic challenges. In addition, several acres of the development have been left in a park-like open space condition to ensure the property retains its existing character.

In addition to the benefit of 1,000 new construction jobs for the project, general contractor Swinerton Builders is providing training, including employing college interns on the project for the summer, which will help prepare these future professionals for the rigors of the commercial construction industry.

The architect for Country Club Towers II is Solomon Cordwell Buenz of Chicago. Led by Swinerton, the balance of the team is locally based, and includes RK Mechanical, Weifield Group, S.A. Miro, Kimley Horn and StudioInsite. The project was approved by the Denver City Council more than 12 years ago and is consistent with zoning that has been in place for more than 50 years. Broe Real Estate Group is working with the Landmark Preservation Commission and other partners and stakeholders to ensure the best possible project for the city, the neighborhood and residents.

About Broe Real Estate Group
Broe Real Estate Group acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. For more than 40 years, the company has operated a comprehensive real estate platform to provide complete solutions to maximize return on investment. Additional information is available atwww.broerealestate.com.

About The Broe Group

The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion asset base.  The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.

About Swinerton Builders
Swinerton Builders has been providing general contracting, construction management and tenant improvement services in Colorado since 1942. Organized in 1888, Swinerton provides commercial construction and construction management services throughout the Western United States and is a 100 percent employee-owned company.  Recognized as a Top 100 Workplace of 2015 by The Denver Post, Swinerton is devoted to Colorado with a passion for delivering the highest quality product through innovation, integrity, and experience. For more information onSwinerton, visit www.swinerton.com.

About SCB
Solomon Cordwell Buenz (SCB) is recognized as one of the nation’s leading designers of high-rise residential buildings, bringing a balanced understanding of high-level design, technical innovation, sustainability and strict adherence to project budgets. Over the years we have completed design and construction of more 105 high-rise multifamily residences, have won many of the industry’s highest honors, and pioneer LEED design in the United States. Since its founding, SCB has been at the forefront of high-density, multifamily apartment design. For more information on Solomon Cordwell Buenz, visit www.scb.com.