Golden developer starts on $60 million “Riverwalk at Castle Rock”

Castle Rock has grown 14 percent since 2010 to include 55,578 residents in 2015.

Riverwalk at Castle Rock. (Courtesy Photo)
Riverwalk at Castle Rock. (Courtesy Photo)
Riverwalk at Castle Rock. (Courtesy Photo)

Confluence Companies is expected to break ground Monday on a $60 million mixed-use development in Castle Rock.

The so-called Riverwalk at Castle Rock project is expected to open in 2018 with 228 apartment units, 30,000 square feet of office space and 10,000 square feet of ground-level retail and restaurant space.  The development is just the latest bringing hundreds of homes to the rapidly growing area about 30 miles south of Denver.

Castle Rock has grown 14 percent since 2010 to include 55,578 residents in 2015. Housing units in the area being added even faster, growing 19 percent to 19,360 in 2015, according to the U.S Census Bureau.

“The main reason Confluence Companies got involved in redeveloping downtown Castle Rock is because we saw a need for people wanting to live in downtown Castle Rock,” said Tony De Simone, principal of Confluence Companies, in a statement. “Our goal is to enhance the vibrancy of downtown Castle Rock by giving people more choices to live, work, and dine in our community.”

Riverwalk at Castle Rock will be located near the $7 million Festival Park. The town hopes to have the park — about 1,500 feet northeast of Interstate mile marker 181 — completed before the end of the year.

Business & data reporter Adrian D. Garcia can be reached via email at agarcia@denverite.com or twitter.com/adriandgarcia.

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Adrian D. Garcia

Author: Adrian D. Garcia

Adrian D. Garcia is on business and trends for Denverite, serves as treasurer for the Colorado chapter of the Society of Professional Journalists and on the board of the Denver Press Club. He can be reached at agarcia@denverite.com.