$1.5B development project along South Platte River celebrates major milestone

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$1.5B development project along South Platte River celebrates major milestone
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The future park and open space will include sports courts, a dog park, a plaza, a splash pad, an art installation, a community garden and a playground.

12:40 PM MDT September 29, 2023DENVER — After four years of delays and false starts, developers and city leaders celebrated the groundbreaking of Denargo Market, a new $1.5 billion development in the River North Art District.

At one of Denver’s last large developable plots of land, located on Denargo Street and along the South Platte River, executives from Denver-based Formativ and Chicago-based Golub & Co. spoke of their vision for the future of a development that’s been a long time coming. The Sept. 28 groundbreaking ceremony marked the beginning of Denargo Market’s completion of horizontal infrastructure and the creation of open space and parks.

“Today, we get to break ground on over four acres of public open space and public-facing amenities, all of which are going to be the first elements to deliver as part of this large-scale master plan project that's going to take many, many years to create,” said Laura Newman, Golub’s vice president of investment and development.

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