Plans are actively underway for the construction of a modern mixed-use property in Denver’s Central Park neighborhood that will go up on nearly 13 currently vacant acres.
What is being called the Runway 25 North will belong to the Evergreen Devco Incorporated, in a joint venture with Wall Development and Equity Ventures Commercial Development.
The site is located at the southwest corner of East 46th Avenue and Central Park Boulevard. The joint venture collaboration purchased that property for just under $84 million.
Located to the northeast of downtown Denver, the Central Park neighborhood is dominated by new, upper-end multi-story residential and apartment projects. The neighborhood stands at the former site of the former Stapleton International Airport, which was decommissioned and closed in 1995.
It is the largest and also one of the fastest growing neighborhoods in metro Denver.
In a statement, Tyler Carlson, managing principal with Evergreen, said the Runway 25 North project will offer a “mix of retail, restaurant, and medical uses.”
Plans currently call for the site infrastructure work to be completed by late this year, with the new project opening for business in 2022.
With offices in Denver and Phoenix, Evergreen is a real estate development and commercial realty company founded in 1974 that also specializes in property management, asset management and sustainable building.
By Garry Boulard
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