Alterra eyes HQ move within Denver’s RiNo neighborhood

Alterra Mountain Co is pointing its skis to Steel House The ski resort owner behind the Ikon Pass is eyeing a lease at the new office building at Brighton Blvd in Denver s RiNo neighborhood multiple sources tell BusinessDen The space would replace the company s existing headquarters a half mile away at Zeppelin Station where Alterra has just under square feet The company is expected to expand its footprint in the deal sources say Alterra spokeswoman Kristin Rust noted in an email that as far as I know no lease has been signed elsewhere The -story -square-foot Steel House building was completed earlier this year by Boston-based Beacon Capital Partners and Denver-based Elevation Advancement Group Beacon declined to comment Alterra which is privately owned and was formed in moved into Zeppelin Station upon the -story building s completion by Zeppelin Growth in The company s lease runs through but includes an option to terminate early in sources say Alterra has signaled for years it might move The company listed its space for sublease in but no deal was reached In latest months Alterra has been exploring its options Leadership strongly considered the Chestnut building behind Union Station before pivoting to focus on Steel House sources say A move from Zeppelin Station would be a huge blow for the -square-foot building It has been overseen by a receiver for a year and a half at the request of lender Wells Fargo much to the chagrin of Zeppelin Improvement which is suing Wells Fargo Related Articles Hotel to be demolished as Kairoi spends M on site in Denver s LoHi neighborhood Maui wildfire victim newly widowed struggles to keep th Street Mall shop going Denver General Schools pays M for Uptown parking lots Homebuilder backed out of M Aurora land purchase developer says Dog-themed dive bar coming to th and Champa downtown Alterra is the building s largest tenant and the receiver Stapleton Group has attempted to convince the company to stay The Receiver continues to work with the leasing broker for the properties largest tenant to reach a possible lease amendment that would expand and extend their footprint in the building David Stapleton wrote in an October description Stapleton Group had also hired JLL to sector the building for sale But the company commented in court documents Dec that it had halted those efforts after Wells Fargo sent notice that it was withdrawing backing for a receivership sale and informing the receiver that it intended to pursue a nonjudicial foreclosure BusinessDen staffer Matt Geiger contributed reporting Read more from our partner BusinessDen Get more business news by signing up for our Financial system Now newsletter