The Chicago-based P3 Advisors is working on a master development project that will transform a one-time landfill 30 miles to the southeast of Denver into a mixed-use community.
The project is called Miller’s Landing, and it will see the construction of a 359-room hotel that will also include about 50,000 square feet of indoor and outdoor meeting space.
Tryba Architects of Denver is part of the design team for the project.
Earlier this year, it was also announced that CoralTree Hospitality, based in Greenwood Village, will oversee the operation of the hotel.
The ambitious project, virtually creating a new walkable village, will additionally include an office park and retail amenities.
P3 has previously worked with the city of Castle Rock and Douglas County remediating the 9-acre landfill, which had been closed for more than three decades.
Cleanup of the landfill was completed as the result of a public-private partnership fostered by P3 at a cost of $9 million.
The project has been in the talking and planning stage for more than a year, but was delayed due to the Covid-19 outbreak and subsequent difficulty in securing financing.
Now P3 is hoping to see work launch on what will be one of the largest commercial development projects in the history of Castle Rock sometime before the summer of 2021.
By Garry Boulard