Broadway & I-25 Transit Oriented Development (TOD)
Adjacent to the second-busiest station in Denver’s 44-station light rail network, the 41-acre Broadway Station site has sat vacant since the Gates Rubber Company left the property in 1991. The property has languished without development for more than 25 years, as the surrounding areas thrived and found vibrant life in a post-industrial era for south Denver, primarily due to its challenging groundwater and soil remediation on the site.
After many attempts at development, CRL ultimately helped facilitate the creation of a public financing mechanism that helped the development deal mathematically succeed and led toward City Council development approval in the Fall of 2017. The development’s 2,600 apartments, 848,000 square feet of offices, 54,000 square feet of co-working space, retail and civic spaces are all now fully approved for development, and will begin phased construction in 2018. As a catalyst in the opening of the public finance path for this property, CRL’s relationships with the City Planning and Finance teams, helped both the City and the Development partnership find an approach that will help bring this long-vacant urban site back into commerce in the years ahead.