$28M Mixed-Use Development by Confluence Companies Breaks Ground in Castle Rock
Colorado-based Confluence Companies — developer of the Riverwalk and Encore mixed-use developments in Castle Rock — has officially broken ground on Riverwalk Luxe, a $28 million-dollar mixed-use development in Castle Rock.
“It’s very exciting to begin construction on our newest development in downtown Castle Rock.,” says Tony DeSimone, principal with Confluence Companies. “Six years in the making, Riverwalk Luxe is the capstone of our three-block redevelopment of downtown Castle Rock and will give business owners an opportunity to own the real estate where their business is located. The main reason Confluence Companies focused on redeveloping downtown Castle Rock is because we saw a need for people wanting to live and work in downtown Castle Rock.”
The architect for the project is Craine Architecture of Denver. Riverwalk Luxe will consist of approximately 28 luxury apartment homes, and approximately 21,350 square feet of for sale commercial space. The average unit size is expected to be 1,142 square feet, offering a mix of one, two and three-bedroom plans. Rich in amenities, Riverwalk Luxe will have an expansive clubroom with a large patio and mountain views, community grills, ground-floor commercial space, covered parking, and access to Riverwalk’s state-of-the-art fitness center, clubroom, pool and spa and dog wash. In addition to the luxury apartment homes, Riverwalk Luxe will also welcome two new restaurants, Bourbon Bayou and a ramen restaurant concept. There will also be 13,000 square feet of office space for sale.
“The Town, the Economic Development Council, and the Downtown Development Authority all played critical rolls in the redevelopment, creating a more walkable and active downtown. One of our main goals was to give residents more dining options downtown. With the completion of Riverwalk Luxe, we’re proud to have delivered eight new restaurants along this three-block redevelopment. In total, Confluence Companies has invested more than $180 million into downtown Castle Rock. However, the statistic we’re most proud of is 70 new businesses have now relocated their business to downtown Castle Rock,” says DeSimone.