Denver Business Journal: Denver developer to start work on $200 million downtown project
by MOLLY ARMBRISTER
Real Estate Editor
Denver-based Continuum Partners will start demolition this week to make way for a mixed-use development at 16th and Market streets on the site of a former RTD bus terminal.
Continuum purchased the property at the end of 2015 with plans to develop $200 million worth of retail, office and residential space on a full city block.
Work will begin on the site on Sept. 29. The 370,000-square-foot Market Station development is expected to be complete in summer 2019.
Market Station will include 95,000 square feet of office space, 85,000 square feet of retail and around 225 apartments, including both luxury units and micro-apartments that are meant to provide a more affordable option.
Two levels of below-grade parking will be built for a total of 320 parking spaces that can be used by tenants, as well as the general public.
“We are thrilled to be starting construction on Market Station, which will be the next great downtown development, similar in scale and significance to Larimer Square and Union Station,” said Roger Pecsok, development director at Continuum Partners.
“While Denver has seen some extraordinary developments in the last few years, we believe Market Station is a unique project in an important location,” he added. “Our goal is that Market Station will boost the retail vitality of this part of LoDo and 16th Street much in the same way Union Station has for the Wynkoop corridor.”
Kiewit Construction is the general contractor on the project, BOKA Powell and El Dorado Inc. designed Market Station, and commercial real estate firm Cushman & Wakefield will market the office space.
Continuum will handle the retail leasing itself, with plans to national brands, new concepts and a few restaurants.