Property Details for Platte Street Brownfields Project

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Profile Information
Property Location
Property Progress
CAs Associated with this Property
Assessment Activities at this Property
Climate Adaption and Mitigation - Planning or Assessment
Contaminants and Media
Cleanup Activities
Climate Adaption and Mitigation - Demolition or Cleanup
Institutional & Engineering Controls
Redevelopment and Other Leveraged Accomplishments
Climate Adaption and Mitigation - Redevelopment
Additional Property Attributes

Legal Notices

Profile Information

Property Alias

One Platte

Property Owner

Government

ACRES Property ID

207481

Property Address

1701 Platte Street DENVER, CO 80202

Size

1.67

Parcel Numbers

02283-35-041-000

Latitude/Longitude

39.7586925 / -105.006391

Congressional District

Property Contact

Eriksen, Stacey

Eriksen.Stacey@epa.gov

303-312-6692

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Property Location

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Property Progress

Assessment

Clean Up

Institutional Controls in Place

Engineering Controls in Place

Ready for Anticipated Use

Redevelopment Underway

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CAs Associated with this Property

CA Name	CA #	State	Type	Announcement Year
City and County of Denver	BF96835401	CO	Assessment	2015

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Assessment Activities at this Property

Activity	EPA Funding	Start Date	Completion Date	CA	Accomplishment Counted?	Counted When?
Phase I Environmental Assessment	$2,700.00	02/08/2018	04/06/2018	City and County of Denver	N	FY16
Phase I Environmental Assessment	$2,500.00	11/10/2015	01/14/2016	City and County of Denver	Y	FY16
Phase II Environmental Assessment	$41,080.00	05/18/2018	08/29/2018	City and County of Denver	N

Is Cleanup Necessary? No
EPA Assessment Funding: $46,280.00
Leveraged Funding:
Total Funding: $46,280.00

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Climate Adaption and Mitigation - Planning or Assessment

There is no data for Climate Adaption and Mitigation - Planning or Assessment.

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Contaminants and Media

Contaminant Found

Remediating Action for Contaminants

Media Affected

Unknown

Remediating Action for Media

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Cleanup Activities

There are no current cleanup activities.

Cleanup/Treatment Implemented: N
Cleanup/Treatement Categories:
Addl Cleanup/Treatment info:
Address of Data Source:

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Climate Adaption and Mitigation - Demolition or Cleanup

There is no data for Climate Adaption and Mitigation - Demolition or Cleanup.

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Institutional and Engineering Controls

Indicate whether Institutional Controls are required

Categories of Controls

Additional Institutional Controls Information

Address of Data Source (URL if available)

Are Institutional Controls in Place

Date Institutional Controls were put in place

Indicate whether Engineering Controls are required

Categories of Controls

Additional Engineering controls information

Address of Data Source (URL if available)

Indicate whether Engineering Controls are in place

Date Engineering Controls were put in place

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Redevelopment and Other Leveraged Accomplishments

Start Date	Leveraged Funding	CA	Completion Date
02/05/2019	$70,846,300.00	City and County of Denver

Number of Redevelopment Jobs Leveraged:
Actual Acreage of Greenspace Created:
Leveraged Funding:

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Climate Adaption and Mitigation - Redevelopment

There is no data for Climate Adaption and Mitigation – Redevelopment

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Additional Property Attributes

Property Highlights

The Nichols Partnership is under contract to purchase the property in February 2016 for the purpose of redeveloping the property. The redevelopment project will be a ground up, mixed-use consisting of approximately 141,680 SF Office space, 16,575 SF Retail, and 33,650 SF Residential. Former Use: Between approximately 1880 and 1950, the site was occupied by an iron works facility and a lumber company. Hence, heavy metals and creosote as a wood preservative could potentially be present. In addition, the surrounding area has over a 100 year history of industrial land use. Today, 1701 Platte is owned by the City and County of Denver and will be sold to the Nichols Partnership. The property is currently a surface parking lot (circa 2000) and prior to that was owned by CDOT during the original construction of I-25 in the middle 1950?s. The City purchased the various parcels that make up the current property from CDOT between approximately 1959 and 1962. The property remained vacant until approximately 2000 when the City developed the property into surface parking lot. Since the 1701 Platte Street acquisitions by the City predate environmental due diligence standards and relevant environmental regulations, and the City during it ownership has not caused or contributed to any contamination that may be present on the property, the City believes it has met the BFPP status. A separate property, 1700 Platte, is also a part of the two parcel redevelopment but is owned by a private third party whom is a development partner with Nichols Partnership and wishes to complete the necessary environmental due diligence on their own behalf. The 1700 Platte property will be a long term lease by Nichols Partnership and will be redeveloped for likely hotel use in concert with 1701 Platte. 1700 Platte will also provide a public plaza connection to the Platte River trail system. Update 3/14/2025: The UK-based company, bet360, has opened its new U.S. headquarters at One Platte, or 1701 Platte Street, and plans to hire nearly 1,000 employees.

Predominant Past Usage

Commercial (1.67)

What types of funding are being used on this property?

Hazardous

State and Tribal Program Information

Date No Further Action Letter Received

Date Letter/Signed Report Received from a Qualified Professional