Quote:
Originally Posted by Lorax3000
Are you assuming or do you have proof?
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Here is the article from the Denver Post which says that Two Tabor is on hold. It is actually stated at the end which is part of a larger article about a health club opening at One Tabor Center.
http://www.denverpost.com/search/ci_11521814
Athletic club to open at Tabor
The third floor of the downtown center will be the gym's second location in the area
By Margaret Jackson
The Denver Post
Colorado Athletic Clubs is opening a second downtown location at Tabor Center.
The club will occupy 39,000 square feet on the third floor of the building.
Ed Williams, president and chief executive of the Wellbridge Co./Colorado Athletic Clubs, said there is room for both the existing club on Welton Street and the new club on the 16th Street Mall.
"They serve two complete, distinct markets," he said.
Welton serves the south end of downtown, and Tabor will serve the north end.
The new club, expected to open late this year, will have floor-to-ceiling windows, a 25-meter four-lane indoor pool, cardio and strength- training equipment, and studios for spinning, yoga, Pilates and group exercise.
The locker rooms will include steam rooms, saunas, whirlpools and massage rooms.
The space is where the building's food court is currently located.
The food court has been marginally successful over the years, said Steve Budorick, a partner and executive vice president at Calla han Capital Partners, which owns the building.
Most of the tenants have been on short-term leases. Two of the tenants are likely to relocate to the second floor, but Budorick declined to disclose who they are.
Callahan is also adding new restaurants on the ground level. Ling & Louie's Asian Bar and Grill opened in the building just before the holidays.
"This is a major repositioning effort we've been working on since we bought this asset in April 2007," Budorick said. "It will increase foot traffic through the center."
At the time Callahan purchased the building, which includes 570,000 square feet of office space and 150,000 square feet of retail, it intended to develop a second tower on the site. But with the financial markets in turmoil, Calla han has postponed building the project.
"We had financing but thought the terms might improve over time," Budorick said. "We're in a hold position right now and are keeping an eye on the economy and the financial markets."
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