Development company, Cherokee Denver recently had to give ownership of a 16-acre portion of the site known as the Gates Rubber Factory back to Gates, Corp. due to lack of financing to finish the extensive environmental cleanup that has been underway since 2001. Another portion of the site that was sold to Trammell Crow Residential has already seen the development of 475 apartments. The City of Denver, through the Denver Urban Renewal Authority, has pledged $85 million toward the project, which would create a "residential and retail hub designed around access to public transportation", according to this Denver Post article. Although no public money has been spent to-date, the City will be able to issue those funds if redevelopment continues during the next 25 years. The site is located several blocks west of the Venture office, and we hope to see continued redevelopment as the economy improves.
Ready for the Boating Season of 2009!
15 years ago
