Large employers are leaving Greenwood Village

This is the view from the parking lot of Travelers’ new headquarters at Inova Dry Creek in Centennial. Photo by Freda Miklin

BY FREDA MIKLIN
GOVERNMENTAL REPORTER

A few short years ago, Greenwood Village carried the envied label of “the headquarters of headquarters.” This year, its fifth and ninth-largest employers moved out of the city, taking up to 2000 employees with them. Next year, a third Fortune 500 company will be moving another 600 employees out of the city.

In February The Villager reported that Newmont Mining was leaving one of GV’s premier buildings, Palazzo Verdi, for nearby Belleview Station because “Newmont concluded that location amenities that employees told them were extremely important were not available in GV’s Village Center neighborhood. Company executives concluded that Belleview Station offered numerous conveniences within walking distance that are important to attracting and retaining top employees. Retail shops, restaurants, personal service businesses and other amenities associated with modern-day mixed-use development are plentiful in the area.” On July 2, Newmont’s Group Executive for Corporate Communications, Omar Jabara, told The Villager that 600 employees will move from GV to Newmont’s new location in Belleview Station less than three miles away when their new building at 6900 E. Layton Street in Denver is finished in 2020.

The Colorado Real Estate Journal (CREJ) reported last year that Cigna Health and Life Insurance Company was vacating its regional offices on Orchard Road near I-25 in GV. They planned to lease five floors in Denver at I-25 and Colorado Boulevard. CREJ quoted John Roble, president of Cigna’s Mountain States Market as saying, “Colorado Center is a fantastic 21st century facility that will provide collaborative workspaces and first-rate amenities that will enable our employees to better serve our clients and customers.”

In its Comprehensive Annual Financial Report for 2018, Greenwood Village listed Cigna Health and Life Insurance Company as the fifth largest employer in the city with 500 to 1000 employees. Cigna’s GV offices are now closed.

Travelers Indemnity Company left its Willow Drive location in Greenwood Village a few months ago for Inova Dry Creek, where it leased 140,000 square feet at the new mixed-use campus at I-25 and Dry Creek Road in Centennial. Travelers’ Matt Bordonaro, a member of its corporate communications department, told The Villager that Travelers “was consolidating all its Colorado operations at Inova Dry Creek.”

In its Comprehensive Annual Financial Report for the year ended December 31, 2018, Greenwood Village listed Travelers Indemnity Company as the ninth largest employer in the city with 500 to 1000 employees. Traveler’s GV offices are now closed.

At the study session preceding its regular meeting on August 19, future GV Mayor (he is running unopposed in the November election) George Lantz told his fellow council members that he and first-term Council Member Tom Dougherty had been “talking about how we can reach out to the business community…to have a better understanding of what they need and what they want…” Lantz continued, “.It’s been seven years since we’ve had sort of a formal outreach to the business community.” He said that staff suggested “we go out with a survey that would bring in certain business leaders into city hall here and we have a moderator that would talk to them about things they like about Greenwood Village, things that we may be able to improve to keep them around. There is a budget agreement with that that will be presented…estimated at about $20,000…”

Dougherty added,” We put a lot of effort into hearing from our residents (through) Village Voices and the citizens’ survey. Our thought was that we should be reaching out to our business residents as well since they’re so vital to the continuing financial health of the city. The present idea.. is…a moderated, organized outreach to the community…to have small working groups come in and have the businesses tell us exactly what they’re thinking…What will it take to get (them) to come here or stay here if (they’re) already here.”

Dougherty outlined a time frame that would have a contractor selected in early 2020 to convene and serve as the moderator for the outreach meetings, “It would probably take us into the summer to get all of it done,” he said.

Jerry Presley, council member from district one, said, “I’m sure, as part of this project, you’re talking about branding, cause that’s absolutely part of this, so that’s a crucial piece.”

Fmiklin.villager@gmail.com

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