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Development News

$800 million in projects under construction in downtown Denver


Nearly $800 million in projects are under construction in downtown Denver, according to the December development map update recently released by the Downtown Denver Partnership.

The partnership estimates that 22 projects are expected to be completed this year, up from 16 projects in 2014. Developments include more than 1,600 hotel rooms planned or under construction; nearly 4,000 residential units planned or under construction; nearly 2.4 million square feet of office space planned or under construction; and 212,000 square feet of retail space.

"The map lists 34 existing public and private sector developments or infrastructure projects in downtown Denver, illustrating the robust private and public investments occurring in Denver's urban core," says Tami Door, president and chief executive of the Downtown Denver Partnership. 

The map includes projects such as the Kirkland Museum, The ART Hotel, Triangle Building and Metropolitan State University of Denver athletic fields.

Of the residential projects under construction, 34 percent are in the Central Platte Valley's Commons Park neighborhood; 18 percent are in the commercial core; 18 percent are in the Golden Triangle; 12 percent are in the Central Platte Valley's Prospect neighborhood; 9 percent are in Ballpark; 7 percent in LoDo; and 1 percent in Arapahoe Square.

The development map, presented by Hensel Phelps and published by the Downtown Denver Partnership with the support of the Downtown Denver Business Improvement District, is intended to inform developers, investors and brokers interested in downtown Denver and highlight key investments.
 
Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.
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