The Spire, a residential project by Randy Nichols project at 14th and Champa has gotten its financing and construction will resume again for completion in December 2009. The project had been out of money and stalled completely. This is good news for Denver because there has been a motionless crane on our skyline for the last few months and a building foundation just sitting there. As this is the first significant highrise to be built in Denver since the 1980s, it would have been a shame for it to not move forward.
Spire will be 41 story residential tower with lots of amenities starting at $200,000.
Mayor Hickenlooper commented for the press release:
"Denver Mayor John Hickenlooper applauded the announcement, “Spire is an important project for Denver – adding hundreds of new downtown residents, further enhancing the 14th Street corridor’s urban vibrancy, and taking green building to new heights. This exciting development bodes well for the future of Downtown Denver’s residential housing market.” Tami Door, President and CEO of The Downtown Denver Partnership remarked, “We have always had a high level of confidence in the developer’s ability to complete this project and the marketability of the units. This is a transformational addition to Downtown and to 14th Street in particular. We are absolutely thrilled to see the project moving forward and are excited about the added housing choices it will provide to individuals considering living Downtown.”
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