Holes in the ground with heavy machinery are always a great sign of a new development. Over at 8th Avenue and Sherman Street, there is a sizeable hole and we have some information about what’s going on.
First, let’s start out with a map of the site. As you can see, 820 Sherman is taking up an ugly Capitol Hill surface parking lot, which is great news for one of Downtown Denver’s densest neighborhoods.
Currently, there are no renderings for this project but we have a couple pieces of information. Accoring to the Denver County Property Assessor, the lot was purchased by 8th and Sherman Development LLC and a permit has been filed for a 5-story mixed-use building with ground floor retail. Gensler is the architect and PCL is the builder. Here are a couple of photos of the site from this weekend.
820 Sherman has roughly the same size footprint as 1756 Clarkson, over in Uptown, so we should expect anywhere between 50-75 units in this development. The average construction timeline for a project this size is around 12-14 months.