Denver Dry Goods Building
Denver, Colorado

Denver Dry Goods Building

As department stores across the country consolidated and focused on the suburbs, the 100-year old Denver Dry Goods Building in downtown Denver closed in 1987. After four other developers failed to come up with a viable redevelopment plan, Jonathan Rose Companies created a leasing, financing and organizing plan that lead to the successful redevelopment of partnering with the Denver Urban Renewal Authority. We renovated this historic structure into a mix of uses, including affordable and market rate rental housing, market rate condos, offices and three large retail stores occupying the basement, ground and second floors of the building. Adjacent to mass transit, the pedestrian-oriented project utilized twenty-three sources of financing. Due to its success, within three years more than twenty other mixed-use/historic projects were financed and constructed in downtown Denver.

The project received awards from the National Trust for Historic Preservation, the Colorado Historical Society, the Council for Urban Economic Development and the Congress for a New Urbanism, among other institutions.  In 1999, the building was selected by the AIA as one of ten models of green development.

Green features of the building begin with its pedestrian and transit oriented site. We then analyzed the façade and improved it with insulated glass and insulation to improve thermal performance, while keeping significant reservoirs of thermal mass exposed for the flywheel effect. The large windows also provide day lighting. Residential cooling is provided by energy efficient evaporative coolers. The commercial areas are cooled by rehabilitated and new central chillers, controlled by a digital BMS system. The building also featured early applications of variable speed motors and other energy saving devices recommended by the Rocky Mountain Institute's Green Building Program.

The ground floor and basement retail spaces are now being re-tenanted. Tenants such as Aveda are collaborating with us on the integration of green core and shell specifications with green tenant improvements.



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Firm Role
Developer: Jonathan Rose Companies, the Denver Urban Renewal Authority B-Corp (condos)

Project Description
Renovation of a historic structure for mixed use, including affordable and market rate rental housing, market rate condos, office and retail space.

Construction Type
Rehabilitation

Architect
Original Building Architect: Urban Design Group
New Retail Architect: KLPP

Development Profile
Total: 350,000 square feet
 • 115,000 square feet  (Retail)
 • 30,000 square feet (Office)
 • 125,000 square feet (Residential)
 • 80,000 square feet (Other)

Total Development Cost
$48,000,000

Status
Completed in three phases between 1993 and 1999


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