A well-known Denver developer, who has been behind some of the largest and most ambitious planned communities and high-rise office projects in the city, has announced plans to significantly expand an existing and robust industrial park.
L.C. Fulenwider Incorporated wants to build out what is known as the Denver International Business Center.
That property, located off the intersection of E. 72nd Street and Tower Road, has already seen a large amount of commercial construction, including hotels, offices, and restaurants.
But Fulenwider is now envisioning what could ultimately turn into a $110 million project that would significantly expand the site, allowing for yet more retail and industrial construction, as well as both office space and hotels.
Located just to the west of the Denver International Airport, the Denver International Business Center would see the creation of a “metropolitan district” allowing for the use of property tax revenue to pay for smart infrastructure, street lights, transit services, and signage, among other things.
Full development of the additional property could take up to 30 years.
The 300-acre International Business Center was launched more than 20 years ago and quickly saw the construction of some half a dozen hotels with a building value of over $50 million.
Fulenwider traces its Denver roots to the 1930s and developed the city’s first residential condominiums in 1959.
By Garry Boulard
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