Theo’s Club 9 rooftop lounge offers residents an indoor / outdoor fireplace, big screen TV, fun kitchen and poker room, and great views of downtown Denver. Photo by David Lauer Photography

Real estate

After years of construction, the former site of the University of Colorado Health Sciences Center is being brought back to life with the opening of the Theo luxury residences.

• July 2, 2018

It’s been almost three years since the building implosion on the former campus of the University of Colorado Health Sciences Center kicked off a multi-million dollar renovation project with a bang. This spring, the new development on 9th Avenue and Colorado Boulevard reached an important milestone when the first residents moved into the luxury residence Theo, a joint venture between Continuum Partners and the CIM Group. This nine-story building with 275 rental units on a retail space of 40,000 square meters on the ground floor is the first part of the high-profile, 26-hectare urban filling project to be completed.

With Scandinavian design, an outdoor pool, and great mountain views, Theo, designed by Denver-based Shears Adkins Rockmore and managed by Gables Residential, offers rental apartments in studio, one-, two-, and three-bedroom floor plans. Monthly rent starts at $ 1,345 per month for studios, $ 1,520 for one bedroom, $ 2,110 for two bedrooms, and $ 4,160 for three bedrooms. Theo is currently rented to over 10 percent. According to Heidi Kaeten, community manager for Gables Residential, around two new residents are enrolled every week.

The apartments offer open-plan living with large kitchens fitted with stainless steel appliances and cut quartz worktops. Bedrooms with coffered ceilings and walk-in closets; and massive windows in living rooms and bedrooms. But it’s the amenities that really set the building apart. Here you’ll find everything from refrigerated lockers to a large bicycle storage room (plus a nearby workshop where residents can optimize their journeys) and a state-of-the-art training center – complete with a studio that hosts personalized workouts. From spin classes to yoga are available upon request. Theo also includes charging stations for electric vehicles and an on-site spa for pets. There is a large jacuzzi by the pool and a pergola-shaded entertainment area with sofas and a TV. And then there’s our favorite place: a lounge on the ninth floor with a breathtaking mountain view, outdoor seating and an indoor niche that is perfect for poker nights.

The building was named after Colorado geneticist Dr. Theodore Puck, who has been a faculty member of the University of Colorado Medical School for more than 50 years (his work laid the foundation for the Human Genome Project). It pays homage to the history of the place and connects to the established neighborhoods nearby. “The university hospital is surrounded by key pre-war Denver neighborhoods,” said Mark Falcone, founder and CEO of Continuum Partners, the Denver-based company known as the lead developer of the Union Station redevelopment project, and Belmar Business District. “[Surrounded by] Park Hill, Montclair / Hale, Hilltop, Congress Park and Country Club. City Park and Cheesman Park do not allow you to recreate such a location. “

The 9th and Colorado mixed-use project will eventually provide more than 2 million square feet of development space, including more homes, retail, restaurants, and a 10-screen AMC movie theater, plus multiple green spaces. So far, the Hopdoddy Burger Bar, Zoës Kitchen, Postino Winecafé, Chase Bank and Bellco Credit Union have registered. (We’re excited about the plan for the 60,000-square-foot bridge over 9th Avenue, which is still in the works.)

According to Falcone, such a wide range is crucial for the success of the development. “We have learned over the years how to take advantage of these large, multi-phase sites and create new centers of activity with them,” he says. “We know that property values ​​around these types of centers are rising faster than properties that are not served with these amenities.”

That means Theo’s first residents may struggle with construction for the next several years, but will soon be reaping the benefits of living in one of Denver’s liveliest new neighborhoods.