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McWhinney, the real estate investment and development company behind Centerra in Loveland and North Park in Broomfield, will help oversee the project, including more than 22,000 square feet of destination retail space and a 112-room hotel.
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The redeveloped Union Station also will house Amtrak rail service, and it will be the centerpiece of RTD’s FasTracks transit expansion program.
“We are excited to join an investment that includes such a premier team of redevelopers. We are already under construction,” Chad McWhinney, CEO and co-founder of McWhinney, said in a news release. “The opportunity to work with such strong partners creating what will be downtown Denver’s signature development was too great an opportunity to pass up.”
The team’s vision for the revitalized historic Union Station is as a mixed-use hotel and retail destination that will also serve as the transportation hub for downtown Denver and the surrounding communities.
The development’s more than 22,000 square feet of ground floor space will be divided into approximately 10 independent retail and restaurant outlets, and will be complemented by 40,000 square feet of outdoor plaza space.
The Denver Union Station team — comprised of Larimer Associates, Sage Hospitality, REGen LLC, and Urban Neighborhoods — also announced that it has completed financing with Colorado-based FirstBank.
The station was closed to the public Dec. 1, allowing construction to begin soon after.