The Castle Rock Town Council has approved a redevelopment agreement with developer Confluence Companies to build a seven-story, mixed-use building in the downtown. Encore, as the project is named, …
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The Castle Rock Town Council has approved a redevelopment agreement with developer Confluence Companies to build a seven-story, mixed-use building in the downtown.
Encore, as the project is named, will be built directly south of the town hall building, which is at 100 Wilcox St. Plans call for a parking garage with more than 300 public spaces, roughly that much private parking, 124 condominiums, 17,881 square feet of retail and 11,921 square feet of office space.
The $72.3 million project replaces an approximate 100-space public parking lot owned by the town and three buildings acquired by the developer — a liquor store and two auto shops.
The town will pay for a plaza and roundabout built through the course of the project and contribute $9.75 million toward the $24 million parking garage. The town expects to be paid back for the parking spaces by revenue the project generates. The developer is contributing $900,000 toward establishing a train horn quiet zone.
Councilmember Caryn Johnson voted against the project as it moved through the approval process. She’s expressed concern around Encore’s look and height, fearing it will alter the character of Castle Rock’s historic downtown. Johnson said she’s heard from constituents with similar perspectives.
Other councilmembers and representatives from the business community praised Encore’s potential to bring more people and business to the area and favored its modern design.
Confluence Companies is the same developer behind the downtown’s Riverwalk development, located directly across the street. Construction on the Encore project could begin in October.
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