Alterra Mountain Company to Relocate Headquarters in Denver
The firm will lease 65,000 square feet downtown, signaling a commitment to hybrid work in a new 12-year office agreement.
Updated on Oct. 21, 2026 in Remote Work
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Alterra Mountain Company will relocate its headquarters from Denver's River North district to the former Denver Post building in late 2027. The company plans to bring 275 current staff members to the new location and hire 100 additional employees, while operating on a hybrid three-day in-office schedule.
Why it matters
The move represents a significant shift for downtown Denver office demand, backed by a complex package of public-private incentives. By securing a 12-year lease, the company stabilizes its long-term footprint while utilizing state and city funding to manage relocation costs.
The 12-year lease for 65,000 square feet is supported by a $7 million low-interest loan and $3.9 million in state credits. Denver projects this relocation will generate $15.7 million in total revenue over the lease term.
The players
Alterra Mountain Company
A major owner and operator of year-round mountain resorts and ski areas with a significant national market footprint.
Downtown Development Authority
A public body tasked with managing infrastructure investment and economic revitalization in Denver's central business district.
The details
The company will occupy the former Denver Post building, marking a departure from its current Wazee Street site. To maintain office density, Alterra Mountain Company will implement a three-day in-office hybrid work policy for its staff. The financial structure includes a $22 per square foot base rent with an annual $0.50 escalation, supplemented by one year of free rent and two years of free parking as part of the incentive package.
Timeline
January 2027: Alterra takes possession of the new office space.
October 2027: Employees move into the new office space.
Market Landscape
This relocation aligns with the Denver Downtown Development Authority's strategy to leverage tax credits and low-interest loans to draw firms back into the urban core. It mirrors broader industry trends where companies balance hybrid work policies with long-term lease commitments in exchange for public support.
Operators evaluating relocation should examine how state and municipal tax credit thresholds correlate with long-term lease obligations. Managers should also note the shift toward mandatory in-office days as part of broader efforts to justify urban commercial real estate commitments.
The takeaway
This move highlights how firms are using local incentive packages to offset the rising cost of physical office space. Business leaders should monitor these DDA funding rounds as indicators of long-term commercial lease viability in their specific urban corridors.
Further reading
For additional trends in workspace management, see Remote Work.
Source note: This article includes information reported by Denverite.
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