new denver highrise project under review

An ambitious project that will include the construction of a 36-story residential glassed-wall tower is currently under consideration by city officials in Denver.

As planned, the tower would go up in Denver’s Lower Downtown area, and would also include the building of a second five-story structure that would house office, restaurant, and retail space.

Developer of the project is Kairoi Residential of San Antonio, a company specializing in multifamily development and property management.

The two buildings will go up at the 1300 block of Market Street, which is also known as Bell Park.

That block was once the site of Denver’s old City Hall, which was built in 1883 and torn down in the late 1930s.

The 1.5-acre site, in a part of the city dominated by multi-story office space, is on a block  separated by the Cherry Creek. There are currently parking lots on both ends of the site.

Plans for the project also include the building of three levels of underground parking in both of the buildings.

A recent preview presentation of the project made to the Lower Downtown Design Review Board indicated that the new tower will be built in compliance with the city’s Green Roof Ordinance.

An exact timetable for the tower and office building construction has not been announced, but it is thought that once approved, the tower could take up to three years to build.

By Garry Boulard

---