December 31, 2008 4:28 PM
The house that Mike (Shanahan) built
Mike Shanahan may have suffered one of the most public firings in recent memory, but he can take solace that as early as Jan. 29, he might be able to move in his new house in Cherry Hills Village with about 35,000 square feet of space.
Ironically, his new ranch-style home, with amenities ranging from an elevator that travels from the main level to the basement, a bowling alley, to one of the biggest solar panels on a home in Colorado, is across University Boulevard, about a three-minute drive from Pat Bowlen's six-bedroom home with 9,080 square feet of living space.
Unless you live under a bridge - well, probably even if you do live under a bridge - you likely have heard that Bowlen, the owner of the Denver Broncos, axed Shanahan as the coach of the professional football team on Tuesday afternoon.
Bowlen, in his emotional farewell on Wednesday, made little mention of his new home, other that he wishes reporters would get its size right, which he noted is a public record.
But a house that large is so out of proportion to most homes that it is hard to determine what to include in order to provide a fair description of its massiveness.
Permits for the home, estimated to cost $7.135 million in materials and labor, cover 46,527 in construction and is generating $128,437 in fees for Cherry Hills Village.
Even its garage is 3,603 square feet, far bigger than most people's homes.
But it also will be a very green home, if any home of that size can be considered green.
It will sport a 9.8-kilowatt photovoltaic system, two to three times more powerful than solar panels found on typical homes.
It probably would have been even bigger - and should have been - but Xcel Energy only subsidizes solar panel systems on houses up to 10 kilowatts, said Mark Chapman, of Boulder-based Standard Renewable Energy, which installed it.
"It probably will provide enough electricity to offset its garden lights," Chapman kidded.
The solar system would have cost $79,022 before subsidies.
It also will feature geothermal power, where energy from deep within the earth is used to provide heat.
"I don't know if you would call it super-insulated, but it has insulation well above what code requires," said Steve Sall, principal of the architect for the home, the Sall Residential Design Group.
Before he started construction, Shanahan sold a nearby home for a record $16 million.
"I think they wanted a home similar to what they had, but with a little more space," Sall said. "My understanding is that they host a lot of fund-raisers for charities, and they wanted more space for that."
The original building permit for the new home was scheduled to expire last Sept. 22, but it was extended by four months to Jan. 29, and it is possible it could be extended again.
Edie Marks, a broker who deals with many high-end homes, said she doesn't think Shanahan will put the new home on the market, even if he eventually takes a coaching job elsewhere.
Marks, of the Kentwood Co., noted that Shanahan has a number of business interests in the Denver area. They range from a restaurant under construction in the Denver Tech Center to being part of the real estate investment group that earlier this year paid $17.1 million for the former Denver Post printing press near the Mousetrap interchange of Interstates 25 and 70.
"He's got a lot of thing going on in Denver, a lot of strength in Denver and a lot of people who love him in Denver," Marks said. "I don't see him leaving his new home."