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Multimillion-dollar development plan for Denver's Rock Drill starts over

The seven-acre site in Denver's Cole neighborhood could host a project on a similar scale as Union Station or Dairy Block.

DENVER — One of Denver’s prime development sites is starting over, from close to square one, after years of plans fell through.

Denver Rock Drill, a roughly 7-acre site located along 39th Avenue between Franklin and Williams streets in the Cole neighborhood, was meant to be a project on a similar scale as Union Station or Dairy Block. The project’s developers had ambitious plans for hundreds of thousands of square feet of office, retail, restaurant and hotel space, but also European-style public areas with curved streets and courtyards.

> Video above from Jan. 31: Denver metro’s commercial office market update.

The project was meant to be a $300 million adaptive-reuse opportunity for the old Denver Rock Drill Manufacturing Co. site, which dates back to the early 1900s. Proposed plans would have preserved the existing buildings, which have a distinctive saw-tooth roofing style, and added new structures.

The project was scheduled to break ground in 2018 but was delayed while waiting for a key commercial tenant to sign on. By 2020, however, the site’s owner and Saunders Commercial Development, which was brought on to handle development, parted ways.

> Continue reading this story on DenverBusinessJournal.com

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