Plans have been submitted to the City of Denver for the construction of both a twelve-story residential structure and nine-story mixed-use office structure, all a part of the same project.
The structures will go up at 1801 Market Street in the Lower Downtown section of the city and will see the creation of nearly 200,00 square feet of space in the taller building, which will also house 103 units, and just over 323,000 square feet in the nine-story building.
Below grade parking will provide space for nearly 400 vehicles.
The project belongs to the Elevation Development Group, which is based in Denver and specializes in both private real estate acquisition as well as overall development.
Elevation Development purchased the site, which is currently a parking lot operated by the Laz Parking company, for $22 million in the fall of 2017. The site is four blocks to the south of the Denver Union Station.
The company has served as the co-developer of the $16 million project, a 332,000 square foot, ten-story building at the corner of 16th and Market streets just blocks away from the 1801 Market Street project.
The 16M building is made up of Class AA office space, ground floor retail, and four floors of luxury apartments.
By Garry Boulard
