An imaginative multi-phase project along the South Platte River in Denver that has been in the talking and planning stage for the last two years is now closer to becoming reality with a favorable city council rezoning vote.
What could end up being more than 1.5 million square feet of commerce space, along with up to 1,400 residential units, is being developed by the Formativ company of Denver, and the Chicago-based Golub & Company. At least 15% of the housing units will be designated as affordable. The new zoning at the site in the city’s popular River North Art District will allow for mixed-use development with building heights topping out at 20 stories on the deep inland section of the site, and 8 stories closer to the river. As planned, the site, which was purchased by Formativ and Golub in the summer of 2019 for $86 million, will also include green space, space for public art, and a pedestrian walkway. Designer for the site is the Tryba Architects, also of Denver. The site, mostly off the 2600 blocks of Arkins Court and the 3200 block of Denargo Street, formerly made up much of the historic Denargo Market, which was opened in the late 1930s. That market comprised nearly 30 acres and included a refrigeration plant, restaurant, and more than 500 food vendor stalls. The market was closed in the summer of 1971 after a devastating weed fire easily destroyed the many wood-framed vegetable boxes and sheds on the site. By Garry Boulard
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