$60M Mixed-Use Development in Castle Rock Breaks Ground

Riverwalk Castle Rock
DENVER Riverwalk at Castle Rock, a $60 million mixed-use development in Castle Rock, will break ground this morning. The announcement was made by Colorado-based Confluence Companies, who has completed 21 residential multi-family projects in the Denver Metro Area since 2010, with more than 2,100 total units, and currently has five other projects planned or under development. Riverwalk will include 228 apartment residences, 30,000-square-feet of office space, and 10,000-square-feet of ground level retail and restaurant space. The first phase is scheduled for completion in the fall of 2018, and total project completion by late 2018.
“It’s very exciting to begin construction on this catalytic project for Castle Rock,” said Tony De Simone, principal of Confluence Companies. “The main reason Confluence Companies got involved in redeveloping downtown is because we saw a need for people wanting to live in Downtown Castle Rock. The town, the Economic Development Committee, and the Downtown Development Authority all played a critical role, and are looking forward to this project spurring other re-developments to create a more active and walkable downtown. 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 will border Festival Park, which is the result of a $7 million investment by the town of Castle Rock, that will help to redefine the heart of Downtown Castle Rock. The development includes two blocks of downtown (bookending both sides of Sellars Gulch, along Wilcox Street), and will consist of a mix of retail, office, and residential uses. Parking will be accommodated one level below each building and at the street level, parked behind the retail sections. 328 parking spaces will be dedicated to residents, office users, and visitors as a part of the Riverwalk development. Construction will start in the winter of 2017.
Image courtesy of Confluence Companies.

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