STEAM on the Platte steaming forward

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STEAM on the Platte is a mixed-use development along the Platte River

STEAM on the Platte’s groundbreaking is today.

STEAM on the Platte’s 1st phase is a brick-and-timber building.

STEAM

An aerial rendering of STEAM on the Platte.

Urban Ventures LLC and White Construction Group are tackling one of Denver’s last development frontier.

STEAM on the Platte is their mixed-use vision for a long overlooked stretch along the Platte River that traces its industrial roots to the late 1800s and now is poised to be transformed into a mixe-use develpment with offices, housing and restaurants.

The official groundbreaking for the initial phase of STEAM on the Platte — redeveloping an abandoned office building into “creative” office space — is today.

STEAM on the Platte is a 3.2-acre, mixed-use development near the Interstate 25 viaduct at Lower Colfax and Zuni Street.

STEAM on the Platte is expected to jump start a long overlooked corridor along the Platte River.

“STEAM on the Platte is a great example of how we can transform abandoned industrial sites in Denver into an exciting project that preserves history and embraces the Platte River,” said Mayor Michael B. Hancock.

“We are grateful for developers like Urban Ventures and White Construction Group who both have a track record of taking on challenging redevelopment projects that are so important to the success of our neighborhoods,” Hancock added.

STEAM on the Platte includes the largest remaining undeveloped exposed brick-and-timber warehouse in the city.

It has been neglected for decades.

STEAM


A perspective from across the river from STEAM on the Platte. The first restaurant in the mixed-use development will open next year.

Urban Ventures and White Construction Group will transform the 65,000-square-foot warehouse at 1401 Zuni St. into creative new office space.

NIMBL, a leading SAP technology-consulting firm, is the anchor tenant for the renovated warehouse. Other innovative technology and create businesses are expected to follow.

“By making the Platte River our front door at the STEAM on the Platte property, we will showcase its natural beauty and demonstrate what an asset it can be for our community,” said Susan Powers, president of Urban Ventures

The building, along the banks of the Platte River, features a bowstring roof.

A restaurant on the ground floor is expected to be completed in mid-2017.

Future phases of STEAM on the Platte will include additional commercial office and residential space.

Urban Ventures and White Construction Group formed a partnership in 2014 to acquire and redevelop this property. The development team selected tres birds workshop as the architect for the renovation of the site’s signature warehouse.

STEAM

Susan Powers stands on the roof of the building in the STEAM on the Platte community she is co-developing.

White Construction Group is the contractor for the project. Both Urban Ventures and White Construction Group have been recognized their historic preservation and adaptive reuse projects, which preserved and recycled former industrial properties.

In late 2015 and early 2016, White Construction Group completed exterior paint removal of the warehouse and a major cleanup of the along with site demolition.

During a nine-week period, two different blasting processes were used to clean and restore 170,000 square feet of wooden surfaces and 30,000 square feet of brick inside the warehouse to bring the 100-year old brick-and-timbers back to life.

STEAM on the Platte’s name honors the juxtaposition of industry and nature, connecting the character and energy of the area’s industrial steam plant with the Platte River’s beauty, movement and sustainability.

STEAM

Tim White, founder and president of his namesake construction company, and Sue Powers stand next to the warehouse that they are redeveloping into the first phase of Steam on the Platte.

“The idea of new life in this industrial corridor is transformational, both culturally and economically,” said Paul Washington, executive director of the Denver Office of Economic Development and champion of the redevelopment.

“STEAM on the Platte is a catalyst for both the redevelopment of Sun Valley and the Platte River, which are both high priorities of Mayor Hancock.”

Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. DenverRealEstateWatch.com is sponsored by 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.

 

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John Rebchook

John Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the Rocky Mountain News, he wrote about residential and commercial real estate for 26 years. He has won numerous awards for business stories and columns that he wrote, both as an individual and part of teams. In addition to real estate, he also covered economic development, banking and financing, the airlines, and cable TV for the Rocky. In addition, he was one of the original freelance writers for GlobeSt.com, covering commercial real estate for the Internet publication.

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