The latest buzz in Denver real estate is all about a game-changing development spearheaded by Stan Kroenke, the billionaire owner of the Denver Nuggets, Colorado Avalanche, and LA Rams. This massive project, which recently received a crucial green light from the city's Planning Board, promises to reshape the downtown landscape over the next 30 years. Here's what you need to know about this ambitious plan that could bring a "shock of energy" to Denver.

A Vision for the Future

The redevelopment project is centered around Ball Arena and spans 70 acres of mostly underutilized land, primarily parking lots. The plan envisions a vibrant mix of residential, commercial, and recreational spaces that will breathe new life into the area. With up to 6,000 new housing units, including 18% affordable housing, the development aims to address Denver's growing need for diverse housing options.

Key Features of the Development

• Residential Units: The project includes up to 6,000 new housing units, with a commitment that 18% of these will be designated as affordable housing.

• Commercial and Retail Spaces: A mix of retail and commercial properties will cater to the needs of residents and visitors alike, creating a bustling hub of activity.

• Hotel: The addition of a new hotel will attract tourists and business travelers, further boosting the local economy.

• Signature Park: A central park with walking and biking trails will offer much-needed green space, providing a tranquil escape in the heart of the city.

• Towers: At least two multistory towers are planned, with the potential for 30-story buildings that could house up to 300 units each.

Strengthening Community Ties

One of the most exciting aspects of this development is its potential to connect some of Denver's most iconic neighborhoods. The project aims to "stitch together" the city's three major sports venues — Empower Field at Mile High, Coors Field, and Ball Arena — while also linking downtown neighborhoods like Sun Valley, Jefferson Park, and Lower Downtown. This connection will help to create a more cohesive urban environment, making it easier for residents and visitors to navigate the city.

A Commitment to Community Benefits

Kroenke Sports & Entertainment has been working closely with the city and local community groups to ensure that the project benefits everyone. The development will include a new city recreation center, and the company is negotiating to create new metropolitan districts that could fund necessary infrastructure improvements like roads and sewers.

The development will be built in phases, with the initial phase focusing on commercial and entertainment spaces around Ball Arena. Importantly, the company has committed to ensuring that 18% of the new housing will be affordable, and they are considering the inclusion of community-oriented amenities such as a daycare center and recognition of the area's Indigenous roots.

Challenges and Considerations

While the project has garnered widespread support from neighborhood organizations and business groups, there are still some concerns. Some residents question whether the development will truly deliver on its promise of affordable housing. Additionally, there are discussions about how the new towers could impact views of the Rocky Mountains and other iconic Denver landmarks.

The Road Ahead

Before construction can begin, the project must secure approval from the Denver City Council and Mayor Mike Johnston. If approved, this redevelopment could mark a new era for downtown Denver, transforming it into a more vibrant, connected, and livable area.

As the city and Kroenke Sports & Entertainment continue to fine-tune the details, Denverites can look forward to a future where their city is more dynamic and inclusive than ever before. This ambitious project promises to redefine what it means to live, work, and play in Denver, setting the stage for a brighter future for all.