- Continuum plans $150 million Market Station.
- Market Station is bordered by 16th, 17th, Market and Blake streets.
- Market Station will include office, retail and micro apartments.
Continuum Partners on Monday unveiled plans for a $150 million-mixed-use development called Market Station along the 16th Street Mall.
The development, at the mall and 16th Street, will include micro apartment units, high-end retail and office space paid $14.5 million to Denver for the Market Street Station along the 16th Street Mall and Market Street.
Continuum Partners’ development on the two-acre parcel, also bordered by Blake and 17th streets, will be called Market Station. ( The parcel does not include the Regional Transportation District headquarters building at 1600 Blake St).
The current development plan calls for approximately 370,000 square feet of development including 90,000 square feet of creative office space, 85,000 square feet of retail and approximately 225 residential rental units.
Union Station Neighborhood Co., an equal partnership between Continuum Partners and East West Partners, had the option to purchase the land from the City and County of Denver as part of their agreements as master developers of Union Station transit hub.
Continuum bought out East West Partners and exercised the option with the city. Continuum will be the sole developer of Market Street Station.
“We are thrilled to be moving forward with the development of the Market Station property,” said Roger Pecsok, Development Director at Continuum Partners.
“To have nearly a full city block for development in the heart of Lower Downtown is a unique opportunity,” Pecsok added.
“The proximity to Union Station, Larimer Square and the plethora of additional development happening in the area makes it a prime location for a mixed use project of this scope and character,” he continued.
“In addition, we know this site very well as we developed the building immediately across 16th Street (16 Market Square) in the late 1990s,” he said.
“As great as downtown Denver has become, we still don’t have a proper ‘High Street retail area’ and we believe a site of this scale, at this location presents us with the opportunity to get something pretty extraordinary started from a retail standpoint,” said Mark Falcone, founder and CEO of Continuum Partners.
A High Street retail area is the main shopping district in a city.
“Our hope is that we can seed something which will extend to other parts of downtown, ultimately adding a much-needed retail dimension to our city center,” Falcone said.
The retail is planned to include established national brands, emerging concepts and a small number of restaurants.
The residential plan will include a large number of micro apartments in hopes of addressing the ever-increasing affordability challenges downtown.
The development plan includes two levels of below grade parking, providing 350 spaces for both tenant and public use.
El Dorado Inc., based in Kansas City. Missouri, will be the lead design architect; Dallas-based BOKA Powell will be the architect of record.
The Continuum Partners project plan features two “signature” mixed use buildings along 16th Street.
The two buildings will form a gateway into an interior alley, which will feature small boutique retail, cafes and even some green space.
Lower density residential structures will front Market Street, 17th Street and Blake Street.
Continuum is anticipated to break ground in fall of 2016 on Market Street with completion slated for late 2018.
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