Downtown Riverwalk project holds far-reaching impact.
The pedestrian bridge connecting the two buildings of Riverwalk spans a distance of 148 feet, but it stretches far into the future of the surrounding neighborhood in downtown Castle Rock.
The $64 million mixed-use Riverwalk development is expected to create a walkable community that attracts new residents and additional investment to the area around Wilcox Street. Businesses that have already reserved space in Riverwalk include Glacier Ice Cream & Gelato and Denver-based Great Divide Brewing Co.
“Mixed-use developments such as Riverwalk are important because they infuse commercial and industrial development with residential living. The concept of mixed-use development aims to provide the live-work-play lifestyle,â€ says Heather Couturier, operations coordinator for Confluence Communities, the Golden based company developing Riverwalk.
The idea behind Riverwalk took form when Tony DeSimone, an executive with Confluence and a resident of Castle Rock, saw development heading toward the already thriving area surrounding the retail outlet stores on the city’s north end. He began seeking opportunities in the historic downtown area.
Vision for Growth
The result of that search is Riverwalk, located between First and Third Streets with a five-story and a six story building fronting Wilcox Street.
The buildings are connected by the pedestrian bridge over Sellars Gulch. The development has below grade parking, 230 apartment units ranging from studios to spacious three-bedroom units, 14,000 square feet of ground floor retail space and 30,000 square feet of office space and Craft, a coworking space, on 2.38 acres.
Craft provides a shared space where creative professionals can collaborate or work privately. Social hours and weekly events provide opportunities for relaxation and networking.
“What we’re trying to do is create a vibrancy seven days a week. We want to create some place that is walkable, where people can live, work and dine all in the same place,â€ says DeSimone.
Riverwalk is at the doorstep of 50 miles of walking and biking trails, more than 6,000 acres of open space, the 84,000-square-foot Castle Rock Recreation Center and Festival Park. The development offers quick access to Interstate 25.
Riverwalk offers an environment where it’s possible to live, work and play without getting behind the wheel of a car or even stepping onto the sidewalk in front of the buildings. Just use the pedestrian bridge over Sellars Gulch.
“The bridge connects the north and south buildings. In the north building, we will have our pool and clubhouse on the second floor, residential apartments and first-level retail spaces. The south building houses our leasing center, fitness center, Craft coworking space on the second floor, commercial office spaces on the second floor, retail on the lower level and residential apartments on floors three through six,â€ says Couturier.
Mixed-use developments are growing in popularity in urban areas and in the suburbs and offer opportunities to live, work, shop and play in a walkable neighborhood.
“Mixed-use developments offer a variety of benefits including improvement in housing opportunities; walkability between housing, workplaces and other amenities; and stronger neighborhoods,â€ says Couturier.
These types of developments essentially provide a deeper sense of community, which is something that many renters want. They typically are situated in densely packed areas that are close to existing amenities such as schools, libraries and parks.
“Today, renters prefer central locations with easy access to city amenities, and mixed-use developments work with these trends to create connected and inclusive communities. It is also beneficial to the economic growth of businesses, as their location in a mixed-use space will provide an opportunity for consistent customers,â€ says Couturier.