Denver’s old bus hub will become 225 apartments, office space and retail by summer 2019, according to its developer.
Developer Continuum Partners announced that construction has begun on Market Station, the former bus terminal site that RTD sold in 2015. It’s a big one too — almost an entire city block.
Continuum Partners was able to purchase the site for $14.5 million from the city as part of an agreement to be the co-master developers of Union Station.
Details for the residential component are thin at this time. Of the 225 units, roughly 25 percent will be luxury apartments and the remainder will be the micro apartments, spokeswoman Alana Watkins said via email.
The micro units are expected to be about 400 square feet and the size of the luxury units is not yet determined, according to Watkins. Rents have not been established yet either.
But don’t forget that this is a $200 million mixed use project — there’s also 95,000 square feet of office space and 85,000 square feet of retail planned. Continuum Partners says that the retail will include “established national brands, emerging concepts and a small number of restaurants.”
With all that, there will be also two levels of below grade parking with 320 spaces for tenants and the public.
Next time you’re on that end of the 16th Street Mall, keep an eye out for demolition. That’s expected to begin later this month.