CLOSED LEASES
PRIME UPTOWN RETAIL
PARK 17 | 1210-1290 E 17TH AVENUE, DENVER, CO
RESTAURANT LEASES CLOSED 2023
In 2023, I represented the owner of the Park 17 development, who was ready to fill the last two street-level retail suites.
The Class-A project, constructed in 2020, features 190 luxury apartments and five retail suites totaling 13,397 square feet at the intersection of Park and 17th Avenue in Denver's Uptown neighborhood.
These two endcaps, Units 1210 and 1290, are prime restaurant spaces ready for exciting new concepts to bring energy and activity to the street. Procuring tenants for these spaces proved to be an exciting and rewarding challenge. Both have been leased for ten-year terms and are in the beginning stages of construction.
Unit 1290 | 2,365 SQUARE FOOT RESTAURANT
Unit 1290 is located at the corner of 17th Avenue and Lafayette Street and has been leased for ten years to an exciting new Japanese restaurant concept.
With dramatic 18’ floor-to-ceiling windows on two sides, the 2,365 square foot space streams with natural light.
The highly desirable endcap suite features a 590-square-foot patio area. This beautiful retail space was delivered in “grey shell” condition and will undergo a full buildout.
To enhance our marketing efforts, these concept renderings were created to paint a picture of what the completed interior buildout and activated corner might look like.
Unit 1210 | 3,904 SQUARE FOOT RESTAURANT
At the opposite end of the building, Unit 1210 is located at the corner of 17th Avenue and Marion Street and has also leased for ten years to a fresh new tapas and wine bar concept.
Unlike Unit 1290, this space was finished in 2021 as a golf simulation bar and restaurant. Unfortunately, the business never opened, and the space sat vacant for some time as we searched for the right tenant to take it over.
The existing infrastructure made this an attractive opportunity for a number of operators. The process became as much about finding a concept we believed would be an excellent fit for the neighborhood and complimentary to the rest of the tenant mix.
The space features the same soaring 18’ foot ceilings seen throughout the retail spaces at the project. The patio area is the first thing visible to traffic coming up 17th Avenue and promises to be a fantastic gathering space for the Uptown neighborhood.
To make the space functional and beautiful as it transitioned away from the golf simulator layout, we brought in the talents of Denver architect Brandon Anderson of LIVstudio.
Brandon, who works extensively in the Denver restaurant space, created three conceptual layouts to help illustrate the possibilities for the new design.
Welcome to Uptown
Uptown is a thriving, eclectic neighborhood with excellent walkability along the tree-lined streets. Sleek modern multifamily developments juxtapose a blend of older Victorian houses.
The boundaries of Uptown are Broadway to the west, 20th and Park Avenue to the north, Humbolt Street to the east, and Colfax Avenue to the south. Residents and business owners are drawn to the area for the same reasons they choose the nearby Capitol Hill and City Park neighborhoods. The location provides easy access to Denver’s most prominent attractions while offering a comfortable scale and a great sense of community.
The Uptown Healthcare District
The Park 17 project is positioned at the gateway of the Uptown Healthcare District. This cluster of facilities includes Saint Joseph Hospital, Children’s Hospital of Colorado, and Presbyterian St. Luke’s Medical Center.
The traffic generated by this district within the neighborhood means opportunities for these new restaurant concepts are plentiful as the community will seek dining options at all hours of the day and night.
Traffic & Demographics
The population within one mile of the site is 47,867, and 233,609 within three miles
Over 13,800 vehicles pass the site each day via 17th Avenue
Over 10,000 vehicles pass the site each day via Park Avenue
The site receives 279.1K visits per year from 133.8K visitors, each visiting an average of 2.09 times
Visitors spend an average of 118 minutes at the site
Visits are up 2.6% in 2023 versus 2022 and 3.5% over 2021
The median household income within three miles of the site is $86,637 per year
The median age in the area is 37 years old
Over 50% of the site’s visitors have a Bachelor’s Degree or higher
40% of the nearby households consist of one person, and 30% consist of two people
Saturdays are the busiest day of the week, with over 60K unique visitors coming to the area on average
This data was generated using Placer.ai, which analyzes data from 30M+ mobile devices and is based on visitor activity in the area over the past 12 months within 500 feet of the site unless otherwise noted. Updated October 2023.
Visitor Journey
A key indicator that highlights the suitability of this location for restaurant and retail concepts is the data shown in the Visitor Journey analysis. This information shows us where people are coming from and going to prior to and post visiting the site. In this area, a large percentage are en route to dining, leisure, shops, and services. This vibrant location is a hub for people who are frequently out to enjoy hitting the streets of the Uptown neighborhood!
This data was generated using Placer.ai, which analyzes data from 30M+ mobile devices and is based on visitor activity in the area over the past 12 months within 500 feet of the site. Updated October 2023.
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Denver is the capital and most populous municipality of Colorado, as well as the county seat of Denver County. Denver is located in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains. The Denver downtown district is immediately east of the confluence of Cherry Creek with the South Platte River, approximately 12 miles east of the foothills of the Rocky Mountains.
The 10-county Denver-Aurora-Lakewood, CO Metropolitan Statistical Area is the 19th most populous in the U.S., while the broader 12-county Denver-Aurora, CO Combined Statistical Area has an estimated population of more than 3.4 million residents and is the 16th most populous U.S. metropolitan area.
This bustling metropolis, one of the fastest-growing in the U.S., is set against the backdrop of the Colorado Rocky Mountains and is widely recognized for its exceptional balance of a thriving economy, healthy lifestyle, and urban and natural amenities. With appealing business opportunities for corporate employers and entrepreneurs, award-winning transit and mobility, and excellence in education, Denver is strengthening its reputation as one of America’s most livable cities.
At Henry Group, our clients are at the heart of everything we do. Our complete approach to commercial real estate is driven by the collective decades of experience our team members bring to the table and our genuine desire to help our clients achieve their goals.
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