Emily Griffith Opportunity School in Denver will soon become a mixed-use property with hotel and retail space after Denver City Council unanimously approved a redevelopment plan.
Englewood-based hospitality company Stonebridge Companies plans to transform the 2.5-acre site at 1250 Welton St. in Denver into a hotel with approximately 250 rooms, retail and office space.
The Welton Street side of the campus will be rehabilitated into a 140,000-square-foot hotel and 6,000 square feet of meeting space, according to a presentation given to Denver City Council by the Denver Urban Renewal Authority (DURA). The Glenarm Place side will be converted into a parking structure with 120 spaces and 37,500 square feet of office and retail space and plans show that the alley between Glenarm and Welton will be transformed into a pedestrian-friendly space.
The project is expected to cost around $96.5 million. DURA will provide $21.8 million in tax reimbursements, and Stonebridge will seek $10.4 million in historic tax credits.
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