Commercial Real Estate Firm to Focus on New Office, Multi-Family, Hotel Development and Office Acquisitions in Mile High City in 2022
Industry Veteran Brad Schmidt Named New Denver Market Managing Director to Help Drive Firm’s Growth
Denver, CO, March 22, 2022 – Commercial real estate firm Urban Renaissance Group LLC (www.urbanrengroup.com) (URG) today announced expansion plans in the Denver market in 2022.
With a focus on downtown Denver including lower downtown (LoDo), the historic Ballpark District, the River North Arts District (RiNo), the Cherry Creek neighborhood and Route 36 between Boulder and Denver, URG will focus its expansion efforts on office, multi-family and hotel development along with office acquisitions, including a special emphasis on the technology and life science sectors.
“As a significant number of companies continue to relocate to Denver, we feel this is the right time to focus on expansion,” said URG Founder and Chief Executive Officer, Patrick Callahan. “Denver has a pragmatic political climate that’s focused on getting things done and is a city with a history of major public projects—such as the I-25 expansion, the significant light rail network and the construction and renovation of the Denver International Airport. As a result, we want to invest more in Denver.”
As part of its growth efforts, URG has named 20+ year industry veteran Brad Schmidt to the post of Managing Director, Denver. He will be responsible for driving growth in development and acquisitions and overseeing the company’s current holdings in his new role.
“Denver is an important growth market for Urban Renaissance Group, and we feel that Brad is the perfect person to lead the charge in our expansion. His diverse experiences in development, acquisitions and operations are key to driving our expansion,” continued Callahan.
With an ever-growing population of more than three million people and billions of dollars invested in transit infrastructure, the greater Denver metropolitan statistical area (MSA) has experienced a steady influx in overall jobs throughout the last decade while consistently being named a ‘Best Place to Live’ by U.S. News & World Report.
URG began pursuing property investments in Denver in 2014 and currently owns and operates four properties totaling 350,000 square feet of office, and also has two development sites in downtown Denver. Current investments include:
URG is unique in that it is engaged in development, investment in existing assets, historic renovations and operations. This unique competitive advantage has allowed the company to grow substantially in the past decade. Currently, the company has more than 12 million square feet of assets under management in Seattle, Portland and Denver.
Current development projects recently completed or in-progress include the ten- and twelve-story, two-building mixed-use commercial project Chapter Buildings (407,000 square feet) in Seattle’s University District neighborhood; expansion of the six-building, 14-acre Cascade Yard (formerly Lincoln Executive Center) commercial office campus in the city of Bellevue, Wash.; and the recent delivery of the Summit III building (370,000 square feet) in the three-building Class-A ‘The Summit’ office complex (acquired with leading global investment firm KKR in 2019) in Bellevue’s central business district that now totals just over 900,000 square feet.
Key acquisitions for URG in the past year also include 300 Pine, an eight-story mixed-use (office/retail) building with historic facade located on a full city block in the heart of Seattle’s retail core; and Lloyd Center, a 1.1 million square foot retail complex that is home to approximately 100 shops and businesses in Portland’s Lloyd District just northeast of downtown.
About Urban Renaissance Group
Urban Renaissance Group LLC is a Seattle-based full-service commercial real estate company, engaged in acquisitions, development, asset management, leasing, property management and ownership in Seattle, Bellevue, Denver and Portland. Founded in 2006, the strategic premise of Urban Renaissance Group (URG) is that the form of the American City is changing. URG acts as a catalyst that understands and ignites that change, thereby building community, creating place, generating appropriate returns for its investors and opportunities for its partners and employees. Learn more at
