Hey, Downtown Denver fans, I have some exciting news for you! The Nichols Partnership, the LoDo-based developer of Spire, the 41-story condominium tower currently under construction at 14th and Champa, is planning a grocery store-anchored mixed use project at 19th and Chestnut behind Downtown Denver’s historic Union Station.
Nichols (dba Centennial Chestnut, LLC) closed on the land on May 9, 2007, paying $14.26 million for approximately 140,000 square feet of dirt. The property covers roughly 95% of the block bounded by 19th, Chestnut, 20th, and Wewatta. The seller was Trillium Commons, LLC.
While still early in the planning stages, the project is envisioned to include a full-service grocery store (possibly a King Soopers) on the ground floor plus approximately 16,000 square feet of additional retail space. The project may also include as many as 200 residential units, although a determination has not yet been made if those would be for-sale or rental units. The project may also include a hotel and/or office space. One level of parking would likely be placed underground, with several levels of structured parking located in the center of the project and wrapped by the residential and other uses.
If all goes as planned, construction of the unnamed project would begin in 2008 with completion set for 2010. No rendering or other design details are available yet as the project is still early in the design process and subject to change as the development program is refined over the coming months.
What better way to kick off the new month but with news of another major infill project for Downtown!
