40th Ave & Airport Blvd
Front Door to Airport Corridor
Opportunity Overview
Available Acreage for Long Term Ground Lease: 50 Acres
Transit-Oriented Development
Positioned as the front door to the DEN Airport corridor, the 40th and Airport Station District offers two parcels located adjacent to Pena Boulevard with a high degree of visibility from Pena in addition to I-70, Airport Boulevard and 40th Avenue. The District also offers an immediate connection to Commuter Rail connecting DEN with downtown Denver. The strong market position of the 40th and Airport District provides a great solution for regional uses, prominent and market-leading brands and the opportunity to explore ways to partner with DEN for unique solutions that aid the airport and development at the District.
Denver International Airport (DEN)
Approximately 53 square miles (13,700 hectares) of land area, Denver International Airport (DEN) has the second largest land ownership of any airport in the world, and the largest in North America.
Denver International Airport’s division of Real Estate (DEN Real Estate) supports the airport’s core aviation mission by capitalizing on DEN’s size, capacity for growth, and centralized location, both nationally and globally, to create innovative, sustainable, and economically beneficial commercial development of the airport’s non-aviation land.
DEN’s development districts are situated on existing or planned regional infrastructure and create synergies with geographic amenities and airport features that will benefit development.
Request for Offers (RFO) Process
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There is no specific submission deadline. While DEN reserves the right to close the RFO at any time, DEN Real Estate expects to keep the opportunity open for several years to give interested parties ample time to propose ideas for commercial development at DEN.
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The DEN Contract Administrator initially reviews the submitted offer for responsiveness before forwarding it to DEN’s commercial broker for market viability evaluation. If both criteria are satisfied, the offer is then submitted to the DEN Real Estate Screening Committee.
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The SVP of Real Estate presents the offer to 3-5 committee members. They will either reject it or engage the offeror to discuss the proposal and lease terms. Rejected offers receive a letter; accepted offers move to LOI discussions.
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The opportunity is refined, and site conditions are confirmed to be suitable for the proposed development. Business terms are outlined, including relevant City social ordinance requirements.
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An agreement is reached on business terms, lease boundaries, and social ordinance requirements (including ACDBE, if applicable). DEN Government Affairs updates Registered Neighborhood Organizations and the Council Member Town Hall on the proposed sites, while the proposer finalizes the EDI plan with DSBO.
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DEN and the offeror sign the lease contract, which is then presented to the Denver City Council for consideration. The contract is executed upon approval.
Contact Us
CHRIS COBLE
(303) 506-9780
chris@greenwoodcre.com
ALEC WYNNE, MCR
(303) 332-4972
alec@greenwoodcre.com
ERIC NESBITT, ESQ.
(303) 346-4869
eric.nesbitt@greenwoodcre.com
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