Urban Ventures LLC and
White Construction Group will start work during the fourth quarter on
Steam on the Platte, a mixed-use project on 3.2 acres in the industrial corridor of the South Platte River near the Interstate 25 viaduct at 14th Avenue and Zuni Street.
The project's name honors the juxtaposition of industry and nature, connecting the character and energy of the area's industrial steam plants and smokestacks with the South Platte's beauty. Its location near downtown, light-rail stop, bike path and riverside setting are expected to be attractive to businesses and residents who want a blend of Denver's historical and edgy culture.
"The idea of new life in this industrial corridor is transformational, both culturally and economically," says Paul Washington, executive director of the Denver Office of Economic Development. "Steam on the Platte is a catalyst for both the redevelopment of Sun Valley and the Platte River, which are high priorities of Mayor [Michael] Hancock."
Steam on the Platte includes the largest remaining undeveloped exposed brick-and-timber warehouse in the city, which had been neglected for several decades. The project will transform the 65,000-square-foot warehouse into creative office space. An existing building adjacent to the river will house a restaurant that is slated for completion late next year or in early 2017. Future phases will include additional office and residential space.
"Steam on the Platte is the perfect blend of environment and industry, inspired by the spirit and energy of Denver," says Susan Powers, president and Founder of Urban Ventures. "We discovered a local gem that just needs some polishing."
Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.
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