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About Fulenwider

Transformative Real Estate Development

Fulenwider helped shape the prosperous, booming Denver metro area we know today—and we’re at the forefront of building our region’s tomorrow. Our combination of experience, creativity, and versatility has resulted in a variety of successful projects throughout Colorado, including Class A office buildings, shopping centers, resort and urban condominiums, master-planned business parks, multi-family and master-planned residential communities and a world class ski resort. Over 115 years strong, Fulenwider has remained committed to a long-term vision of responsible growth for the region. We see development as transformation, bringing integrity, credibility and a pioneering spirit to every project and partnership we touch. That’s how you build a century of success, helping to create a better, more sustainable Denver region of which we can all be proud.

Our History

Our company has been an acknowledged leader in the Colorado real estate community for over 115 years. L.C. Fulenwider Sr. helped write the Colorado Real Estate License laws in the early 1900s. His grandson, Cal Fulenwider III, continues to hold Colorado Real Estate License No. 1, which originally belonged to his grandfather.

Since our beginning in 1904, we have built a reputation for innovating creative and practical ideas within Colorado’s real estate community. Proud of what we have accomplished, we continue to produce well-conceived, master-planned real estate projects and ventures of superior and lasting quality.


Our Team

Our company is led by an experienced group of real estate professionals and decision makers.

Meet the team responsible for some of Colorado’s most innovative real estate projects.

Cal Fulenwider III, Chairman & CEO

Cal Fulenwider III was the President of L.C. Fulenwider, Inc. for more than 30 years. He is now the Chairman of the Board and CEO. Cal has played the key role in the strategic planning, development and management of approximately 7,500 acres surrounding Denver International Airport (DIA), including the 3,000+ acre Reunion Master Planned Community in Commerce City, Peña Station NORTH (formerly Denver International Business Center), and Peña Station NEXT, both at the front door of DIA. Prior to developing projects in the DIA area, Fulenwider was the Venture Manager for the 500,000 square foot Chase Bank building in downtown Denver and oversaw the development and management of numerous high-end residential projects, including Polo Club North, Polo Club North Homes, Polo Field West, and Larimer Place Condominiums. Cal is a founding member of the CU Real Estate Council and the DIA Business Partnership, now the Metro Denver Aviation Coalition. He obtained a bachelor’s degree in Real Estate from the University of Colorado.

Ferdinand (Ferd) L. Belz, III, President

Ferd Belz is President of L.C. Fulenwider, Inc., the corporate entity for the Fulenwider family holdings. He is the first non-family member to become President in the company’s 120-year history. The holdings include 7,500 acres of land near Denver International Airport (DIA), as well as multiple other real estate assets in the Denver region. Ferd oversees all aspects of the company and a highly professional team that manages development, construction, acquisitions, and asset management. Amongst them are the development effort for Peña Station NEXT/North, a 487-acre transit-oriented development (TOD) surrounding the first rail stop on the commuter line from DIA to downtown Denver. This TOD is a public-private partnership between L.C. Fulenwider, Inc. and DEN Real Estate (DIA). Other assets include a 3000-acre master planned community, Reunion, a 600-acre industrial park, an office building in Cherry Creek and several additional holdings.

Prior to joining Fulenwider, Ferd was the President of Cherokee Denver, LLC, the entity that owned the 50-acre redevelopment of the former Gates Tire & Rubber Factory in Denver. As President, he managed all aspects of the development, entitlements, public financing and environmental remediation for this transit-oriented, mixed-use project. The project was entitled for more than 7 million square feet of mixed commercial and residential uses and approved for more than $126 million of public financing.

During his long real estate career, Ferd has developed more than $1 billion of hotel and resort real estate nationally and internationally, as well as numerous commercial, residential, retail, and senior housing projects. The projects include several Marriott and Ritz-Carlton hotels, the Pepsi Center in Denver and Tabor Center in Denver. He is currently a partner in the redevelopment of the historic Denver Union Station into a mixed-use, retail, hotel and transit center project.

Ferd has also been involved in several philanthropic and business organizations. Amongst them, he is past Chair of the Downtown Denver Partnership and past Chair of the Board of the Auraria Foundation. He is past Chair of the Metro State University Foundation and still on the Foundation Board, co-leading their $100M capital campaign. He is past Chair of Urban Land Institute (ULI) Colorado and current chair of ULI’s Advisory Board. He is currently the Chair of the Board of the Winter Park Recreation Association.

Ferd holds cum laude degrees in both architecture and engineering from the University of Kansas, and he began his career as a licensed architect. He and his wife, Christy, live in Park Hill in Denver. They have one son, Charlie, who lives and works in Chicago.

Rick Wells, Sr. Vice President

Rick Wells is Sr. Vice President in charge of Real Estate Development for L.C. Fulenwider, Inc.   Rick has been the master developer for several successful, large scale, urban infill redevelopment projects in the Denver area since 2000, many with public/private finance as a key component. These projects include the 61st and Peña transit-oriented development, the first phase of redevelopment at the former Gates Rubber Company TOD site, the former Children’s Hospital and Mercy Hospital sites in Denver, and the former Mile High Greyhound Park site in Commerce City.

Rick has provided consulting services through REGen, LLC to many Colorado cities and urban renewal authorities regarding master development and public private financing including: Salida, Durango, Thornton, Loveland, Commerce City, and Denver. Rick finished 20 years in the natural gas pipeline industry in 1999 as Executive V.P. of a $5 billion industry leading company. He holds a master’s degree in Business Administration and a bachelor’s degree in Mechanical Engineering from Colorado State University.

Mark Throckmorton, Vice President

Mark Throckmorton joined Fulenwider in 1994 and has overseen multiple development and construction projects for the company, including the 270-acre Peña Station NORTH development, formerly Denver International Business Center, luxury single-family homes at Polo Club North and Polo Field West, multifamily apartments at The Heights by Marston Shores and Emerson Lofts, the Marriott Courtyard Hotel at DIA, the Corporate Office for Frontier Airlines, the High Plains office building and regional infrastructure and entitlements for Peña Station NORTH, and the Peña Station NEXT TOD Development.

Mark is a 39-year veteran of construction and development, having also constructed/developed many facilities in the Denver metropolitan area, including multiple churches, a library, recreation facilities, office buildings, warehouses, swimming pools, banks, tenant finishes, country clubs and more. Mark serves as an officer on the boards of several Metropolitan Districts, is Chairman of the Denver International Business Center Architectural Control Committee, is a LEED Accredited Professional, holds a Denver General Contractors license, and is a proud graduate of Colorado State University.