New Steam on the Platte Redevelopment Project Transforms Abandoned Neighborhood into a Vibrant, Mixed-Use Community
DENVER, CO Urban Ventures, LLC, and White Construction Group are trailblazing a progressive redevelopment, Steam on the Platte, by rediscovering the city's oldest (and newest) urban neighborhood.
Steam on the Platte is a 3.2-acre, mixed-use project in Denver, Colorado's, abandoned, industrial corridor of the Platte River, located near the I-25 viaduct. Construction will begin in fourth quarter of 2015, and the first phase will be completed by third quarter of 2016.
Steam on the Platte's namesake honors the juxtaposition of industry and nature, connecting the character and bold energy of the area's industrial steam plants and smokestacks with the Platte River's beauty, movement, and sustainability. No other Denver property can boast this synergy. Its convenient downtown location, light rail stop, bike path, sports arena access, and riverside setting make it desirable for businesses and residents who crave an authentic blend of Denver's historical and edgy culture.
"The idea of new life in this industrial corridor is transformational, both culturally and economically," said Paul Washington, Executive Director of the Denver Office of Economic Development, and Champion of the redevelopment. "Steam on the Platte is a catalyst for both the redevelopment of Sun Valley and the Platte River, which are high priorities of Mayor Hancock."
The project hearkens back to the Denver of the late 1800s. Steam on the Platte includes the largest remaining undeveloped exposed brick-and-timber warehouse in the city, which had been neglected for several decades. Urban Ventures and White Construction will transform the 65,000-square-foot warehouse into creative new office space. In addition, an existing building that features a bowstring roof adjacent to the river will host a restaurant that is slated for completion in late 2016 or early 2017. Future phases of development include additional commercial office and residential space.
"Steam on the Platte is the perfect blend of environment and industry, inspired by the spirit and energy of Denver," said Susan Powers, President and Founder of Urban Ventures. "We discovered a local gem that just needs some polishing."