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Xcel Energy to move headquarters from downtown Denver to RiNo in 2025

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Xcel Energy to move headquarters from downtown Denver to RiNo in 2025


Xcel Energy-Colorado has pre-leased space in a soon-to-be-completed building in the River North Art District and plans to move out of its headquarters in downtown Denver in 2025.

Xcel, Colorado’s largest electric utility, and real estate firms Ivanhoé Cambridge, Hines and McCaffery said Wednesday that the company has pre-leased all the office space at T3 RiNo, a new six-story, mass-timber building. At 220,172 square feet, Xcel Energy will be the largest office tenant in RiNo, according to a statement by the companies.

About 1,200 employees will be based at the new headquarters.

Work on the building is expected to be completed by the end of the year. T3 RiNo, made of black spruce, is among recent new buildings in the Denver area that are using wood as a way to reduce carbon emissions in construction.

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Buildings and construction account for about 40% of the global greenhouse-gas emissions, according to RMI, a Colorado-based research and consulting organization focused on environmental sustainability. According to data from the International Energy Agency, the cement sector consumes about 7% of the world’s industrial energy use and produces 7% of the world’s carbon-dioxide emissions.

The T3 RiNo building features heavy-timber structured design that is “100% renewable, recyclable and nontoxic,” the companies involved in the project said. They expect the building to meet the highest levels of certification for standards of energy efficiency, health and environmentally sustainability.

Amenities include a state-of-the-art conference center, private outdoor terraces on each floor and 5,000-square-foot fitness center. There will be retail space on the ground floor. The is accessible to the Regional Transportation District’s train system.

“As one of the most environmentally friendly developments in the City of Denver to date, T3 RiNo is a natural fit for a tenant customer who shares our commitment to prioritizing sustainability in a tangible way,” said Charlie Musgrave, vice president of U.S. office and life science leasing at Ivanhoé Cambridge.

Xcel Energy has set a goal of producing carbon-free electricity by 2050. The utility filed a proposed energy resource plan with state regulators that says it expects to cut its emissions 87% below 2005 levels by 2030 and produce 83% of its power from clean sources by 2028.

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“T3 RiNo will provide several benefits important to our coworkers including more parking, proximity to the RTD light rail system, greater security and more. Being in a single-tenant building allows us to design collaborative workspaces for increasingly interconnected teams,” Robert Kenney, president of Xcel Energy-Colorado, said in a statement.

Xcel is committed to staying in the Denver metro area “as part of our commitment to our communities, service areas and stakeholders,” Kenney said.

The company expects the move to reduce its annual operational costs by an estimated $2.5 million.

Xcel was represented in the transaction by Rick Schuham and Brendan Fisher of Savills. Co-developers, Ivanhoé Cambridge, Hines and McCaffery were represented by JLL’s James Roupp, John Beason, Don Misner and Maddy Stevenson.

Xcel currently occupies about 300,000 square feet on several floors of a 22-story, 500,000-square-foot glass and steel tower at 1800 Larimer St. The building opened in 2010. At the time, It was celebrated as the first LEED Platinum-certified high-rise in Denver, the highest rating of the Leadership in Energy and Environmental Design program.

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News of Xcel Energy’s decision to move its headquarters out of downtown comes as the area’s total office vacancy rate hit 30% for the first time since 1990. BusinessDen reported that vacancy went only as high as 17.4% during the Great Recession.

Downtown offices have been slow to fill back up after the COVID-19 pandemic as people have continued to work from home or returned to the office for just part of the week. The Denver office of the real estate firm JLL said in an analysis of this year’s third quarter that despite reports of return-to-office mandates, the overall office occupancy rate fell for the fifth consecutive quarter.



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Denver, CO

Prolonged ‘Welly weather,’ our first taste of winter and Lisa’s official first-snow prediction for Denver

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Prolonged ‘Welly weather,’ our first taste of winter and Lisa’s official first-snow prediction for Denver


Lisa Hidalgo and Ryan Warner were ready to bust out the rain boots for their September weather and climate chat.

Denver7’s chief meteorologist and the Colorado Public Radio host delved into a rare, days-long rainy stretch, our first taste of winter and the pair’s official first-snow-date prediction for Denver.

‘Welly weather’

“Two things happened this week that rarely happen in Colorado,” Warner said. “The first is that when I went to bed it was raining. I woke up and it was raining. And two, the rain meant I could wear my ‘Wellies,’ my Wellington boots.”

“These are rare events,” the green-rubber-boot-clad Warner quipped during the conversation.

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Warner and Hidalgo held their conversation on the heels of an unusually rainy spell. In Colorado, rain storms often come and go quickly. This week’s rainfall, though, came during a slow-moving storm.

“It’s more the direction of it and where it camps out,” Hidalgo explained. “So as you get a low pressure system rolling through the state, and we get all this moisture that wraps around the back side of it, it jams up against the foothills. It’s called an upslope flow.”

In the winter, such a storm would’ve meant inches of snow in Denver. With September highs in the 50s, though, it came down as rain in town as it snowed in the high country.

First taste of winter

The National Weather Service in Boulder estimated Tuesday that “a widespread 5-10 inches” of snow fell at the highest elevations – above 10,500 to 11,000 feet – during the September 22-23 storm.

Hidalgo noted things would quickly warm up after what was the area’s first winter weather advisory of the season.

“But this is just a hint of what’s to come,” she said. “And, obviously, we’re going to see a lot more alerts as we get into fall and into winter.”

When will Denver see its first measurable snow?

On average, the first snowfall in Denver happens on Oct. 18. The window has already passed for our earliest first snow, which happened on Sept. 3. The latest first snow in Denver is Dec. 10 – Lisa’s birthday.

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With all of that in consideration, Hidalgo predicted this year’s first snow in Denver would fall on Oct. 24.

Warner’s guess? A potentially soggy evening of trick-or-treating after an Oct. 29 first snow.

More weather in-depth

Lisa and Ryan touched on studies on potential connections between both lightning and snowmelt on Colorado’s year-round fire season. They also discussed a study that suggests the eastern half of Colorado is drying out faster than the western half.

For more in-depth weather analysis, watch their full weather and climate chat in the video player below:





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Denver, CO

Denver Zoo animals don’t just do tricks, they help vets with their own healthcare

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Denver Zoo animals don’t just do tricks, they help vets with their own healthcare


From a tiny tree frog to an enormous elephant, every one of the nearly 3,000 animals at the Denver Zoo are treated for their health issues on site. Many of the animals at the zoo aren’t just doing tricks, they’re helping zookeepers by participating in their own healthcare.



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Denver, CO

Some Park Hill residents feel Denver is failing on minority outreach in golf course discussion

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Some Park Hill residents feel Denver is failing on minority outreach in golf course discussion


Saturday morning at Park Hill’s Hiawatha Davis Recreation Center, the City of Denver held a community open house to talk about its next big project: the city park and open space that was formerly the Park Hill Golf Course.

“It’s quite rare for a city to have this large of a park coming in. So it’s really important to us that that process is driven by the community,” said Sarah Showalter, director of planning and policy at the city’s Department of Community Planning and Development.

Residents got to see the plans for the park and the future the city has in store for the surrounding neighborhood.

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“The voters clearly said that 155 acres should be a park, but the community is still looking for access to food and to affordable housing,” said Jolon Clark, executive director of Denver Parks and Recreation.

It seemed to be a good turnout, which the city likes, but two groups that appeared to be underrepresented were Black and Latino people, which is a problem, since Park Hill is a historically Black neighborhood.

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A Denver resident looks at a presentation at a community open house in Denver, Colorado, on Saturday, Sept. 13, 2025 on the future of the Park Hill neighborhood.

CBS


Helen Bradshaw is a lifelong Park Hill resident. She and Vincent Owens, another long-time resident, came to the open house and said the problem is simple: the city isn’t meeting the neighbors of color where they are.

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“The people who are just the average go to work, they might be at work or they have to work today or, you know, they couldn’t get a babysitter or something like that,” Owens said. “A lot of the elders on my block, they’re not going to come to something like this. So, you need to canvass and actually go get the voice of opinion, or they don’t know about it.”

Bradshaw and Owens say they want a neighborhood park and space for the neighbors by the neighbors. They also want a grocery store and opportunities for people who were part of the neighborhood long before it became a gem for development.

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Helen Bradshaw, left, and Vincent Owens say the City of Denver is failing to reach out to enough Black residents of the Park Hill neighborhood as the city works to determine how to move forward for the site of the former Park Hill Golf Course.

CBS


The city says that’s what they want as well, and that’s why they want everyone in Park Hill to give their input until the project is done.

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“People can go to ParkHillPark.org and they can fully get involved and find out what the next engagement is, how to provide their input, you know, through an email, through a survey,” said Clark.

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