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Xcel Energy-Colorado Leases New Office Building in Denver’s North Arts District

12/01/23

Xcel Energy-Colorado has pre-leased all of T3 RiNo, a new six-story, 220.2k sf office building in Denver’s River North Arts District (RiNo). Xcel Energy will be the largest office tenant in the RiNo submarket upon relocating to its new space.

The building, located at 3500 Blake St, is expected to be completed at the end of 2023. T3 RiNo features a refined industrial, heavy-timber-structured design that is 100% renewable, recyclable, and non-toxic. The building structure pays homage to both Denver’s historic brick and timber buildings and to the city’s vibrant and rapidly evolving art district.

Workspaces are designed to promote employee warmth and well-being, with exposed wood, open layouts, 12-foot ceilings, and floor-to-ceiling windows offering sweeping mountain views and abundant natural light. The building is expected to achieve LEED, WiredScore, WELL, and ENERGY STAR certifications at the highest levels.

Xcel Energy employees will have access to 5k sf of hospitality-driven amenity space, including a state-of-the-art conference center; private outdoor terraces on every floor that seamlessly blend the natural environment with workspace; a spacious 5k sf fitness center; ample bike storage for the active commuter; 18.5k sf of ground floor retail; and unmatched accessibility with a connection to the RTD commuter rail system. Employees will also benefit from convenient access to RiNo's diverse cultural, dining, and entertainment scene.

The building’s owners and co-developers, Ivanhoé Cambridge, Hines and McCaffery, were represented by JLL’s James Roupp, John Beason, Don Misner and Maddy Stevenson. Xcel Energy was repped by Rick Schuham and Brendan Fisher of Savills. Xcel Energy will relocate to its new Denver headquarters at T3 RiNo in 2025, bringing approximately 1,200 employees.

Xcel Energy-Colorado is the largest electric and natural gas energy provider in Colorado, safely and reliably serving 1.6M electric and 1.5M natural gas customers. Xcel Energy was the first major U.S. power provider to announce a vision for delivering 100% carbon-free electricity to customers by 2050, while keeping costs low.

“T3 RiNo will provide several benefits important to our coworkers including more parking, proximity to the RTD light rail system, greater security and more. Being in a single-tenant building allows us to design collaborative workspaces for increasingly interconnected teams,” said Robert Kenney, president of Xcel Energy-Colorado. “We’re committed to staying in Metro Denver area as part of our commitment to our communities, service areas and stakeholders. We look forward to contributing to the fabric of RiNo’s growing community.”





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