The Denver Downtown Development Authority (DDDA) approved a low-interest loan up to $63 million to support the High Fidelity Plaza redevelopment. The total project cost is estimated at $315 million.
The High Fidelity Plaza project will convert 1 million square feet of existing commercial office space into a mixed-use residential development featuring over 700 apartment units, improvements to the public plaza space, and new retail and amenity space designed to activate the street level, including plans for a bodega, coffee shop, children’s museum, child care center, and book store. In compliance with Denver’s requirements, at least 70 of the residential units will be restricted to 60% AMI affordability. The two towers occupy an entire block in Upper Downtown and are connected by a shared plaza, an interconnected basement including underground parking garage, and a link building.
The developer is The Luzzatto Company, working with HLW International, MDP Engineering Group, R&R Engineers, and Thornton Tomasetti. The Beck Group is the construction partner.
The post Ambitious Downtown Denver Redevelopment Project Lands $63M Loan appeared first on Connect CRE.
​Â