Confluence plans $60 million Castle Rock project
Golden-based Confluence Cos. will break ground in January on a $60 million mixed-use development in downtown Castle Rock.
Confluence received a green light for its Riverwalk at Castle Rock project.
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.
“I’m very passionate about what we’re doing in Castle Rock; I’m a Castle Rock resident,” said Tony De Simone, Principal of Confluence Companies.
“The main reason Confluence Cos. got involved in redeveloping downtown Castle Rock is the need to create a vibrancy that’s currently lacking,” he continued.
“Castle Rock needed a catalytic project of critical mass to make a difference,” De Simone said.
“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 places to live, work, and dine.”
Riverwalk will border Festival Park, which is the result of a $5 million investment by the town of Castle Rock, and help to redefine the heart of Downtown Castle Rock.
The development includes two blocks of downtown Castle Rock (bookending both sides of Sellars Gulch, along Wilcox Street), and will consist of a mix of retail, office, and residential uses.
Parking will be provided one level below each building and at the street level, parked behind the retail sections.
Some 328 parking spaces would be dedicated to residents, office users, and visitors as a part of the Riverwalk development.
Confluence has completed 21 apartment communities in the Denver area since 2010. In total, they have more than 2,100 units. Confluence ha five other projects planned or under development.
