Up-and-coming mixed-use development to bring new opportunities.
With a campus spanning 65 acres at the northwest corner of Interstate 25 and Plum Creek Parkway, a new mixed-use development called Miller’s Landing is expected to include 877,000 square feet of businesses, retailers, restaurants, entertainment offerings, office space, medical facilities and more.
In short, Miller’s Landing is a new hub aiming to connect the community, creating a perfect place for residents to live, work and play while also drawing visitors.
“We’re right off a busy interstate and across from the 300-acre Philip S. Miller Park that attracts more than a million annual visitors, and we will connect to downtown Castle Rock through a trails system. The location just could not be better,â€ says Shawn Temple, managing director for P3 Advisors, a real estate development and investment firm partnering with Illinois-based Crown Community Development to develop Miller’s Landing. “Once complete, this project will be a catalyst for economic growth across the entire community.”
Development Takes Shape
After getting the green light from the Castle Rock Economic Development Council, the first step to making Miller’s Landing a reality began in 2018. A team led by P3 Advisors cleared approximately 140,000 cubic yards of waste from the property – a $9 million remediation project to remove a former landfill that closed in 1980.
“About 10 acres of the property was once used as the town’s landfill, and that had to be taken care of before we could move forward,â€ Temple says. “With the assistance of the Colorado Department of Public Health and Environment’s Voluntary Cleanup and Redevelopment Program, plus about 10,000 trucks that transported the waste to a permitted disposal facility, we completed the landfill removal project in 2019.”
According to Temple, Miller’s Landing is continuing to take the measures necessary to ensure the property is ready for commercial development. Planning is underway to install essential infrastructure including roadways and sewers, along with outlining and designing Phase I that will include the establishment of a resort and event space, among other amenities.
“We expect that Miller’s Landing will be fully developed over the course of three to four phases, which will take about five to 10 years to complete,â€ Temple says. “In the first phase, we are looking forward to the installation of a full-service resort with three restaurants, a spa and a rooftop bar as well as 50,000 square feet of indoor and outdoor conference and meeting space, which will be perfect for corporate functions and special events like weddings. Castle Rock desperately needs a place like this, and we think it will be a great anchor and driver for Miller’s Landing.”
Miller’s Landing is slated to open to the public in mid-2022 when Phase I is complete as well as enhance what is already a thriving community on the rise.
For example, in addition to a bevy of businesses, Miller’s Landing will offer plenty of open space and opportunities for community gatherings and recreational activities.
Temple says Miller’s Landing will be far more than a commercial business development; instead, he calls it a family-friendly lifestyle destination that’s ripe with potential.
“Miller’s Landing will create more opportunities for Castle Rock in both business and leisure activities, which is important because our population is growing quickly and is projected to reach about 100,000 people in the near future,â€ Temple says. “This development will draw new employers to our community and make it possible for many residents to avoid long commutes to places like Denver and Colorado Springs for work, dining and entertainment. It’s much-needed and highly anticipated, and we’re excited to see our plans come to life soon.”
By the Numbers
877K square feet of business, restaurants, office space and more
5 – 10 years to complete
2022 targeted completion of Phase 1
50K square feet of indoor and outdoor conference and meeting space
If you’d like to learn more about the Castle Rock area, check out the latest edition of Livability: Castle Rock, CO.