Mayor Michael B. Hancock, Industry Denver, Dist. 9 City Councilwoman Judy Montero and Economic Development Executive Director Paul Washington today broke ground on a 120,000-square-foot project that will provide flexible, high-demand shared office space for 350 to 400 tech and creative sector workers.
Paired with over 250 affordable and market rate housing units and three restaurants, the 9-acre development along Brighton Boulevard will become a transformational project that will reconnect the neighborhood with downtown and the South Platte River.
“This smart development embodies the ingenuity that is driving Denver’s economy forward,” Mayor Hancock said. “Industry will be catalytic to major investment along this corridor and will draw new businesses, residents and customers to River North, a key area in what we call the North Denver Cornerstone Collaborative.”
Located at 3001 Brighton Boulevard, Industry is a multiphase development that will capitalize on the community’s character, assets and potential. The first phase – the shared space for small and early-stage businesses – is projected to reach completion in early 2014.
“Like the Battery 621 development, Industry is an integrated place where residents and businesses alike can share and thrive together,” founder Jason Winkler said. “The business center will provide beginning companies and individuals who have similar corporate cultures the perfect environment to build on high-growth concepts and ideas.”
Industry Denver is also working with the Greenway Foundation to activate the South Platte River adjacent to the project. Residents of the market and workforce housing as well as employees will be linked to improved biking, trails, parks and riverways. The development will also offer community spaces for business and neighborhood connections.
Mayor Hancock and the Denver Office of Economic Development (OED) have identified Brighton Boulevard and the South Platte as key areas for commercial and residential development within Denver. OED has committed a $1 million loan to spur the project with a 5-year payback period, which fulfills a goal within the 2013 JumpStart plan.
“Our goal in 2013 was to foster and partner in the development of new business innovation centers and encourage catalytic development,” Paul Washington said. “Our work with the Industry Denver team evolved to match many of our priorities, which made our investment obvious and strategic.”
Industry is one of three projects along Brighton Boulevard that indicate positive growth uplifting this historically overlooked area of the city. In the past month, The Source, a European-style artisan market, opened at 3350 Brighton Blvd. Denver City Council has also approved zoning for Great Divide Brewing, a Denver-grown brewery, to triple its operations.
“We are proud to partner with these visionaries – from Industry Denver to TAXI and Zeppelin Development – as we all work to define Denver’s post-recession economic future,” Mayor Hancock said. “Together we will make Denver the capital of small business and startup commerce, the hub of the ideas economy. These developments, which the city sees as the first of many in this region in the coming years, are part of our broader vision for the Corridor of Opportunity, a 23-mile corridor linking Denver Union Station to DIA, that will help drive Denver’s continued job growth.”