Another major mixed-use infill development has been announced for Downtown Denver’s booming Central Platte Valley! Margaret Jackson at the Denver Post reports (Wewatta Project Planned) that Colorado Springs-based Sunshine Development Company paid $16 million for the vacant block bounded by 16th, Wewatta, 17th, and Chestnut across from Union Station. This is the same block that is currently being made into a temporary parking lot for Gates employees while 1900 16th Street is under construction (see my blog from July 14).
The $175 million project will reach 14 stories in height and include 450,000 SF of office space, 70,000 SF of retail, and a 150-room boutique hotel. For another perspective on this project, here’s an article by Becky Hurley of the Colorado Springs Business Journal (Richardson Sets Sights on Denver Skyline).
Construction won’t begin until 2009. Not only does a complex project like this take a while to design and get permitted, but since the site is being used for temporary parking, construction on this new project can’t get started until the parking garage component of 1900 16th Street is complete.
Between the Union Station transit hub and all these planned private sector developments, virtually the entire area between 15th, 20th, Wewatta, and the CML railroad tracks will be one big construction zone for the next four years. Gotta love it!!
