|FREIGHT of Creativity Opens in River North Neighborhood|
City officials celebrate opening of TAXI business campus’ newest development
Denver Mayor Guillermo (Bill) V. Vidal and City Councilmember Judy Montero celebrated the opening of the newest phase of development at the TAXI mixed-use campus, located at 3507 Ringsby Ct.
The addition, named FREIGHT, is a $6 million renovation and re-use of an existing 30,000 square foot former trucking terminal on the TAXI site. The Zeppelin Development project is fully leased to 13 new economy and creative businesses.
“The forward-thinking approach of FREIGHT further strengthens Denver’s position in the creative economy,” said Mayor Vidal. “What once was a terminal for transporting products and goods is now an interchange of ideas and creativity. This is an incredible addition to what was already a very strong and unique development.”
FREIGHT tenants include Open Air Academy, 4240 Architecture, Fidelis Alliance, Pariquin Strategy, ArtifexED, Alpha Data, 34 Degrees, The Arland Group, Walk the Line Films, Singleton Strategies, Aten Design Group, Huhot Mongolian Grill & BBQ, SE Overflow, Laura Moretz and Fine Dot Arts.
“The City of Denver has been a terrific partner in helping in the transformation of an abandoned industrial site into an active, mixed-use community with 60+ businesses employing nearly 300 people. Denver’s vision, flexibility and leadership are playing a big role in the revitalization of this important urban district,” said Mickey Zeppelin, president of Zeppelin Development.
The Denver Office of Economic Development (OED) provided Revolving Loan Fund financing, which included funds from the American Recovery and Reinvestment Act, to support a portion of FREIGHT’s construction soft costs.
OED has also provided business assistance to incoming FREIGHT tenants. Open Air Academy, an early childhood education center, received Revolving Loan Fund financing to support a portion of startup costs. Additionally, OED provided staff hiring assistance through its Wage Subsidy program to SE Overflow.
“I am so pleased to have a development like TAXI in District Nine,” said Denver City Councilmember Judy Montero. “It demonstrates what is possible, even in challenging times, when the City partners with a visionary developer – economic vitality and jobs. TAXI proves we can have success in creating healthy and sustainable communities in the River North and all of Denver.”
TAXI is a 20-acre project that has transformed the industrial brownfield site of Denver’s old Yellow Cab Co. headquarters into a successful mixed-use development. Home to more than 60 creative and technology-based companies, TAXI phases 1 and 2 include 130,000 square feet of office and commercial space and 43 residences. Upon completion, the TAXI campus will include more than 800,000 square feet of mixed-use space.
OED has supported the TAXI development through various financing, including the acquisition of a Brownfield Economic Development Initiative grant from the U.S. Department of Housing and Urban Development, as well as HUD Section 108 financing. A number of TAXI phase 1 and 2 businesses have received OED small business financing, including Westphal-West, Denver Hi-Def, Landworks Design, Fuel Cafe, Garage Films and Moto TV.
Posted on Wednesday, February 16, 2011 (Archive on Monday, January 01, 0001)
Posted by kpellegrin Contributed by kpellegrin