Downtown revitalization strikes ahead with new investments

DENVER — The Downtown Denver Sheraton opened its doorways for residents to see the newly renovated, $80 million resort and convention heart on Thursday.

The resort, that sits on the Japanese facet of the sixteenth Road Mall, is reopening throughout an important time within the metropolis, the place enterprise is coming again to downtown, however nonetheless wants important funding to deliver prosperity again to downtown.

“With the Sheraton and the sixteenth Road Mall and another main investments we’re making, we’re gonna battle like hell to make this a spot individuals need to come and really feel protected and luxuriate in themselves,” stated Mayor Michael Hancock, who attended the reopening occasion on the Sheraton. “Denver is pleased with its vibrant downtown. And we could have slipped somewhat bit with a number of the challenges we face, however we by no means surrender within the sport of being a vacation spot.”

Town can be starting its $150 million renovation of the sixteenth Road Mall within the coming months. The aim is to make the hall extra walkable and provides extra outside house to companies that line the road.

“It is about getting individuals downtown, reminding them in regards to the the vibrancy of the town and why we like it,” stated Kate Barton, the chief vice chairman of the Downtown Denver Partnership. “Having the ability to activate our public areas is important to security and ensuring that we now have all kinds of individuals in our heart metropolis.”

Information present that foot visitors has made an enormous comeback since 2020. On common, almost 200,000 individuals go to the downtown space day-after-day. That’s approaching the numbers seen in 2019. Additionally, occasions just like the Style of Colorado over Labor Day herald guests from out of the town. This yr, the occasion drew greater than 500,000 individuals.

Although the downtown space has made progress because the peak of the pandemic in 2020, many vacant storefronts nonetheless line the road on the sixteenth Road Mall. Barton hopes that the revitalization challenge will deliver companies again as properly.

“We’re excited that after ten years of planning and a really, very strong public course of, the sixteenth Road Mall will bear a whole revitalization,” stated Barton. “The way forward for the mall is actually brilliant. And we’re excited to look at that challenge come to life.”

Related posts

Here is a wrap up of this week’s robust market and what’s forward


Teck and Chile talk about investments, royalties


SEC Proposes Amendments to Guidelines to Regulate ESG Disclosures for Funding Advisers & Funding Corporations | White & Case LLP