Adaptive reuse is not a new concept to Denver investors. The city has been party to numerous conversions from one use to another. Denver’s newest office conversion is taking shape in the Central Business District.
Revesco Properties and Davis Partnership Architects hope to convert a 16-story office building at 475 17th St. into approximately 210 affordable and market-rate apartment units.
The Denver Business Journal reports two-thirds of the building’s units will be for tenants making 80% of the area’s median income or below. The other third of the building will be market-rate units. Units include studios, one-bedroom, two-bedroom and three-bedroom sizes, according to the plans. The building does not currently have any parking onsite. They hope to identify some later.
Plans for the project also include retail space on the building’s first floor and fitness and coworking amenities for future tenants.
July 2025 is the anticipated date to begin construction, with a completion date of July 2027.
Register today for Connect Phoenix Multifamily & Single-Family Build-to-Rent, scheduled for April 18 at the Westin Kierland Resort & Spa, Scottsdale, AZ.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.