Denver Technological Center

Last updated

Denver Technological Center, better known as The Denver Tech Center or DTC, is a business and economic trading center located in Colorado in the southeastern portion of the Denver Metropolitan Area, within portions of the cities of Denver and Greenwood Village. The DTC roughly corresponds to the area surrounding the I-25 corridor between I-225 and SH 88 (Arapahoe Road) and has a similar business community reputation to Irvine, California.

Contents

The DTC was founded in 1962 on 40 acres. [1] It is home to several major businesses and corporations. [2] In 2023, its owner Shea Properties stated the park encompassed 908 acres, with a workforce of around 35,000 and around 1,000 companies as tenants. [1]

History

Skyline of the Denver Tech Center. DenverTechCenter.jpg
Skyline of the Denver Tech Center.

The Denver Tech Center was founded in 1962 on 40 acres. [1] When it was developed in 1962, the Denver Technological Center was "one of the first suburban office parks in the United States," located at the junction of Interstate 25 and Interstate 225. [3] George Wallace, a founder of the DTC, had started picking out parcels of land in Arapahoe County before founding the park, including property owned by the Bansbach family. [1] John Madden Jr., a developer, was involved in the project along with DTC founder George Wallace. It started on 40 acres, and in terms of development, "George Wallace was on the east side of I-25 and John Madden was on the west side of I-25." [4] The Denver Tech Center was designed by architect/planner Carl A. Worthington. [5] In the early 1970s, investors asked Worthington to complete a conceptual master plan along a new fiber optic line south of downtown Denver. The master plan started with forty acres, with potential for an additional 800 acres. The plan subsequently grew to 850 acres, with over 25 million square feet of completed buildings.[ citation needed ]

The DTC was established in the early 1970s. Cable companies United Cablevision, United Artists Cable, and later AT&T Broadband, all had their start in - and still have major infrastructure around - the Denver Tech Center. In the Colorado area, Bill Daniels and John C. Malone were early adopters who shepherded many standards in cable technology.[ citation needed ] The area's progress was a major reason for Denver Regional Council of Governments' T-REX expansion into the Denver Tech Center, which built new light rail lines connecting the Denver Tech Center to downtown Denver. [6]

Part of the 1992 film Ladybugs was shot at the park in 1992. [7]

In 2005, DTC was owned by Peninsular & Oriental Steam Navigation Co., an operator of ports and ferries based in London. DTC Meridian operated as a P&O subsidiary, owning a handful of the buildings on the park, and also owning the 100 acres not yet developed. Overall, the DTC park covered 900 acres. [3] In late 2005, Peninsular & Oriental agreed to be acquired by DP World, giving DP World full control of the DTC. [3] However, in February 2006, it was announced that P&O had sold its entire property portfolio in Denver to Shea Homes, a US building company, for an undisclosed amount. [8]

In 2009, Oracle and Sun Microsystems both had workers in the Denver Tech Center. [2] In 2010, the DTC had 40,000 workers in around 14 million square feet of office space. [9] In 2016, Quixote Capital Management was based in the Denver Tech Center. So was the James P. and Rebecca T. Craig Foundation, and Three Peaks Capital Management. [10]

In 2023, Shea Properties, the owner of DTC, stated the park was 908 acres with a workforce of more than 35,000 and more than 1,000 companies. [1] Also in 2023, the Denver Post reported that the vacancy rate in DTC  was 16.7%, while the overall vacancy rate of downtown Denver was 28.8%, and 21.2% for the suburbs. [1] Unlike newer business parks, the newspaper noted that the DTC had been built with places to eat and shop as "afterthoughts", with many of the buildings dating back to the 1980s and 1990s. [1]

Features

The Denver Tech Center is symbolized by the DTC Identity Monument, which sits immediately between I-25 and DTC Parkway in Greenwood Village. The monument was designed by Barber Architecture and is meant to resemble the framework of a skyscraper. [11]

Other business parks in the same vicinity are Inverness Business Park and Meridian Business Park, located farther south along I-25.[ citation needed ]

Notable Denver Tech Center area companies

See also

Related Research Articles

<span class="mw-page-title-main">Denver</span> Capital of Colorado, United States

Denver is a consolidated city and county, the capital, and most populous city of the U.S. state of Colorado. It is located in the western United States, in the South Platte River Valley on the western edge of the High Plains east of the Front Range of the Rocky Mountains. With a population of 715,522 as of the 2020 census, a 19.22% increase since 2010, Denver is the 19th most populous city in the United States and the fifth most populous state capital. It is the principal city of the Denver–Aurora–Lakewood metropolitan statistical area, with almost 3 million people the most populous metropolitan area in Colorado. Denver is the economic and cultural center of the broader Front Range Urban Corridor, home to more than 5 million people.

<span class="mw-page-title-main">Denver metropolitan area</span> Metropolitan Statistical Area in Colorado, United States

Denver is the central city of a conurbation region in the U.S. state of Colorado. The conurbation includes one continuous region consisting of the six central counties of Adams, Arapahoe, Broomfield, Denver, Douglas, and Jefferson. The Denver region is part of the Front Range Urban Corridor and its metropolitan planning organization is the Denver Regional Council of Governments.

<span class="mw-page-title-main">Cherry Hills Village, Colorado</span> City in Colorado, United States

The City of Cherry Hills Village is a home rule municipality located in Arapahoe County, Colorado, United States. The city population was 6,442 at the 2020 United States Census. Cherry Hills Village is a part of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area and the Front Range Urban Corridor.

<span class="mw-page-title-main">Greenwood Village, Colorado</span> City in Colorado, United States

The City of Greenwood Village is a home rule municipality located in Arapahoe County, Colorado, United States. The city population was 15,691 at the 2020 United States Census. Greenwood Village is a part of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area and the Front Range Urban Corridor.

<span class="mw-page-title-main">Centennial, Colorado</span> City in Colorado, United States

Centennial is a home rule municipality located in Arapahoe County, Colorado, United States. The city population was 108,418 at the 2020 United States Census, making Centennial the 11th most populous municipality in Colorado. Centennial is a part of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area and the Front Range Urban Corridor.

US West, Inc. was one of seven Regional Bell Operating Companies, created in 1983 under the Modification of Final Judgement, a case related to the antitrust breakup of AT&T. US West provided local telephone and intraLATA long-distance services, data transmission services, cable television services, wireless communications services and related telecommunications products to defined areas in Arizona, Colorado, Idaho, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington, and Wyoming. US West was a public company traded on the New York Stock Exchange under the ticker symbol "USW" with headquarters at 1801 California Street in Denver, Colorado.

The DTC may refer to:

Intrawest Resorts Holdings, Inc was a developer and operator of destination resorts and a luxury adventure travel company. The company was founded in 1976 as a privately funded real estate development company. In 2006, Intrawest was purchased by Fortress Investment Group, a private equity investment company, which resulted in the company being delisted from the Toronto Stock Exchange and New York Stock Exchange. Fortress was under financial pressure related to the Intrawest debt, but a new loan with a single lender was completed in April 2010 and all prior lenders were repaid in full.

John Carl Malone is an American billionaire businessman, landowner, and philanthropist. He was chief executive officer (CEO) of Tele-Communications Inc. (TCI), a cable and media giant, for twenty-four years from 1973 to 1996. Malone is now chairman and largest voting shareholder of Liberty Media, Liberty Global, and Qurate Retail Group, and also owned 7% of Lionsgate and Starz Inc. He was interim CEO of Liberty Media, until succeeded by former Microsoft and Oracle CFO Greg Maffei.

<span class="mw-page-title-main">HITEC City</span> Business district in Hyderabad, India

The Hyderabad Information Technology and Engineering Consultancy City, abbreviated as HITEC City, is an Indian financial business district located in Hyderabad, Telangana, India. HITEC City is spread across 81 ha of land under the suburbs of Madhapur, Gachibowli, Kondapur, Miyapur, Nanakramguda, Serilingampally, Bachupally, Manikonda, Kukatpally and Shamshabad all the combined technology townships is also known as Cyberabad with a radius of 52.48 km (32.61 mi) surrounding approximate area of 6,100 ha. HITEC City is within 2 kilometres (1.2 mi) of the residential and commercial suburb of Jubilee Hills.

<span class="mw-page-title-main">Five Points, Denver</span> Neighborhood in Denver, Colorado

Five Points is one of Denver, Colorado's oldest neighborhoods. It is now one of the fastest growing in terms of both redevelopment and population. Much of this growth is taking place in the River North Arts District, or "RiNo", which is often considered by locals a neighborhood of its own; although it is officially within the Five Points neighborhood in addition to parts of neighboring Globeville and Elyria-Swansea.

Air Methods Corporation is an American privately owned helicopter operator. The air medical division provides emergency medical services to over 100,000 patients every year. It operates in 48 states with air medical as its primary business focus. Its corporate headquarters are located in the Denver Technological Center, Greenwood Village, Colorado, in the Denver metropolitan area.

<span class="mw-page-title-main">Transportation Expansion Project</span> Project in Denver

The Transportation Expansion (T-REX) Project was a $1.67 billion project aimed at improving transportation options for commuters in the Denver metro area within the areas of Interstate 25 and 225, which was recognized as the 14th busiest intersection in the United States at the time. The T-REX effort widened major interstates to up to 5 mainline lanes in each direction and added 19 miles (31 km) of double-track light rail throughout the metropolitan area. The T-REX project finished 3.2% under its $1.67 billion budget and 22 months ahead of schedule in 2006.

In the US state of Colorado, Interstate 25 (I-25) follows the north–south corridor through Colorado Springs and Denver. The highway enters the state from the north near Carr and exits the state near Starkville. The highway also runs through the cities of Fort Collins, Broomfield, Loveland, and Pueblo. The route is concurrent with U.S. Route 87 (US 87), which is unsigned, through the entire length of the state. I-25 replaced US 87 and most of US 85 for through traffic.

<span class="mw-page-title-main">AT&T Corporation</span> American telecommunications company (1885–2005)

AT&T Corporation, an abbreviation for its former name, the American Telephone and Telegraph Company, was an American telecommunications company that provided voice, video, data, and Internet telecommunications and professional services to businesses, consumers, and government agencies.

<span class="mw-page-title-main">Dove Valley, Colorado</span> Human settlement in Colorado, United States of America

Dove Valley is an unincorporated community and a census-designated place (CDP) located in and governed by Arapahoe County, Colorado, United States. The CDP is a part of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area. The population of the Dove Valley CDP was 5,640 at the United States Census 2020. The Dove Valley Metropolitan District provides services to the area, which lies in ZIP code 80112.

<span class="mw-page-title-main">Software industry in Chennai</span> Third largest software exporter in India

Chennai is the third largest software exporter in India, next only to Bangalore and Hyderabad. India's largest IT park is housed at Chennai. Software exports from Tamil Nadu during 2017–2018 rose 8.8% per cent to touch 1,11,179 crore, involving a workforce of 780,000, and the city is the hub for deep tech startup companies. Many software and software services companies have development centres in Chennai, which contributed 14 percent of India's total software exports of ₹ 14,42,140 lakh during 2006–07, making it the third largest Indian city software exporter following Bangalore, Hyderabad and the city is the home for 7 top rated IT companies out of 15 in India. The Tidel Park in Chennai was billed as Asia's largest IT park when it was built. Major software companies have their offices set up here, with some of them making Chennai their largest base. Chennai is the largest hub for e-publishing, as there are 67 e-publishing units registered with the STPI and many Rs.8300-Cr data centers, digital hubs are in the process of development. A major reason for the growth of the Software industry are the top engineering colleges in Tamil Nadu, of which Chennai is a major contributor, have been a major recruiting hub for the IT firms. According to estimates, these engineering colleges and universities consistently generate about 50 per cent of the human resource requirements for the IT and ITES industry was being sourced from the state, particularly from Chennai. The total employment in the Tamil Nadu’s technology sector crossed the one million mark in the quarter ended June 2022.

<span class="mw-page-title-main">Shea Properties</span>

Shea Properties, a member of the J.F. Shea Co., family of companies, is a diversified real estate company responsible for the acquisition, design, development, construction and management of business parks, shopping centers, apartment communities and mixed-use environments. The company owns and operates approximately 6,500 apartment units and 5 million square feet of office, industrial and retail space in California, Colorado and Washington.

<span class="mw-page-title-main">Bustang</span> Public intercity bus service in Colorado

Bustang is an intercity bus service in the U.S. state of Colorado. Service began in 2015 and originally traveled between Denver and Colorado Springs, Fort Collins, and Glenwood Springs. Service has since been expanded to connect Grand Junction, Durango, Gunnison, Alamosa, Pueblo, Fairplay and Lamar among others. It is Colorado's first state-run bus service. Capital costs are paid for from various state and federal sources, and operating costs are covered 60% by fares. In 2023, the system had a ridership of 90,600, or about 1,800 per weekday as of the third quarter of 2024.

References

  1. 1 2 3 4 5 6 7 https://www.denverpost.com/2023/09/11/south-denver-tech-center-belleview-real-estate-market-post-covid/
  2. 1 2 Vuong, Andy (May 7, 2016). "Oracle harnesses Sun Microsystems". Denver Post .
  3. 1 2 3 https://www.denverpost.com/2005/11/29/emirate-to-own-tech-center/
  4. ↑ https://www.denverpost.com/2024/01/24/denver-developer-john-madden-dies-tech-center-fiddlers-green/
  5. ↑ Carl A. Worthington and Associates, http://www.carlworthingtonassociates.com
  6. ↑ Transportation Expansion (T-REX) Multi-Modal Transportation Project- Federal Highway Administration-T-REX, http://www.environment.fhwa.dot.gov/strmlng/casestudies/co.asp Archived 2006-11-09 at the Wayback Machine
  7. ↑ https://kdvr.com/news/entertainment/9-movies-filmed-in-colorado/
  8. ↑ Dixon, Gary (February 1, 2006). "P&O offloads property". Tradewinds News. Retrieved December 2, 2024.
  9. ↑ https://www.denverpost.com/2010/03/05/fitzsimons-from-vacant-army-post-to-medical-promised-land/
  10. ↑ Shanley, Will (October 28, 2005). "1990s fund stars: Where are they now?". Denver Post . Retrieved December 2, 2024.
  11. ↑ Barber Architecture Archived 2011-07-07 at archive.today , DTC Identity Monument by Barber Architecture.
  12. ↑ Miler, Ben (2017-05-25). "After sale is complete, Air Methods is moving its headquarters". Denver Business Journal . Retrieved 2018-09-14.

39°37′27″N104°53′41″W / 39.62410°N 104.89468°W / 39.62410; -104.89468

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.