For years it was a hopping RTD bus terminal in downtown Denver, but Market Street Station's heyday is long past.
Since September, construction crews have been working on demolishing the long-vacant Market Street Station, the old RTD bus terminal located on Market Street between 16th and 17th in the Lower Downtown District (LoDo). [gallery columns="2" size="large" ids="27978,27979"] But what's going to go in its place? Continuum Partners, who purchased the property from the City and County of Denver for $14.5 million in 2015, is planning to develop a "full city block of retail, residential, office, food, and beverage defined by 16th, 17th, Blake, and Market Streets," their website states. Surprise, surprise. With Denver's booming growth, it seems like the city just can't get enough of that kind of development!
The new mixed-use space is expected to comprise 375,000 square feet, with an additional 100,000 square feet set aside for an underground garage.
Housed in one 10-story building facing 16th Street and an L-shaped, five-story building along Market and 17th, the project will bring 54 luxury apartments and 178 market-rate apartments to an area that can’t stop gobbling up housing. Sixty-four of the units will be micro apartments of 450 square feet or less," the Denver Post reported.Each facade will adopt and reflect the unique architectural style characteristic of LoDo. Even nearby Writer Square will have an influence, with the new development sporting an open-air, walkable central plaza that will feature retailers and trendy pop-up vendors. [caption id="attachment_27977" align="aligncenter" width="1109"]
Rendering courtesy of Continuum Partners[/caption]
Demolition is expected to be completed in January, with the project's opening slated for summer 2019. The project is expected to cost $150 million.
Built in the 1970s, Market Street Station closed in 2014 with the opening of the Denver Union Station Transit Station.
For more information on the project, visit Continuum's website!