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the end of the day ,” Stambules explains . “ Mixed-use can still feel very segmented and rolling it up into one P & L , making holistic decisions about the whole project makes a lot of sense and creates a lot of economic moats around our investments and development projects . It ’ s been an area of significant growth for us .”
Stambules points to Sage ’ s Denver Union Station mixed-use project that includes a Sage-run hotel and F & B concepts that continually deliver revenue across the various asset classes . Its success led to the Dairy Block development , also in Denver , with a similar modus operandi . It has also developed McGregor Square in Denver , which includes an independent hotel , condos , office space and two levels of retail ; and a forthcoming development in Salt Lake City will transform a former hotel space into hundreds of micro-apartments .
Dairy Block is an urban complex that is home to an array of bars , restaurants and upscale shops as well as an office space and a Maven hotel by Sage . There are no walls between the office , the food hall and the Maven hotel lobby there , creating more of a free-flowing experience , which Stambules says creates a better environment that generates repeat business across the platform .
“ At Dairy block , we have 350 activations a year , and that can be as simple as getting a
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