The first phase of the project is set to be finished in the first quarter of 2024. Credit: Hines.

Real estate company Hines, in collaboration with EnviroFinance Group, has broken ground on the first phase at Quantum 56, an industrial park in North Central Denver, Colorado, US.

The first phase of this Class A, six-building, 868,360ft² industrial park will consist of adding three buildings totalling 581,250ft² of warehouse and manufacturing space.

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The ground-breaking of the project was announced by JLL on behalf of Hines.

JLL Denver’s managing director Jason White said: “We are thrilled to introduce Quantum 56, the cutting-edge business and logistics park that will set new standards in Denver.

“With its strategic location surrounded by a vibrant community, this property offers unparalleled opportunities for businesses seeking premium industrial space with unique urban-like amenities in a premier location adjacent to Downtown Denver.”

Essex Financial Group has provided construction finance for the first phase of the project.

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Quantum 56 has been designed by architect Ware Malcomb’s Denver office and is being constructed by Arch-Con Corporation.

It will accommodate a wide range of tenants, including large-scale distribution and manufacturing customers and smaller single-occupier/owner-user facilities.

Hines’ director Courtney Schneider said: “North Central Denver is a fast-growing submarket, and occupier demand for Class-A industrial space continues to outpace existing supply.

“Delivering Quantum 56 to the region will capitalise on this increased demand for best-in-class, well-located industrial space.”

Construction on the first phase is set to be finished in the second quarter of next year.