Denver Commits $100M to Downtown Revitalization
Downtown Development Authority has approved $100 million to transform the city’s downtown.
Denver Mayor Mike Johnston, alongside the Downtown Development Authority (DDA) Board, has approved $100 million in catalytic funding aimed at transforming the city’s downtown into a vibrant neighborhood hub. Established by voters in 2024, the DDA provides access to $570 million for housing, business support, redevelopment, and public space improvements, without raising taxes or impacting the city’s general fund. The latest investment package aligns with the DDA’s “Plan of Development,” which prioritizes affordable housing, public park enhancements, local business growth, and cultural activations to draw residents and visitors back to the city center.
Two Denver Area Office to Residential Conversion Projects Planned
Key projects include two office-to-residential conversions, the Symes Building and the University Building, adding 236 new housing units, with many priced for working Denverites earning 30–80% of the area median income. Funding will also support local businesses, such as the relocation of Milk Tea People, the expansion of Sundae Artisan Ice Cream, and the creation of new retail space for Green Spaces Market. Significant public realm investments are planned as well, including $30 million for Civic Center Park, $5 million for Skyline Park upgrades, and $7 million to reimagine the McNichols Building as a cultural and dining destination. (featured photo: University Building aerial view - Bottom (L-R) University Building entrance, Symes Building street view, Symes Building interior.)
Two Parking Lots Designated for $23 Million Redvelopment in Denver
The DDA also approved $23 million for the acquisition of two parking lots near Denver Pavilions, unlocking prime redevelopment opportunities along 15th and 16th Streets. Officials say these initiatives will not only enhance livability and public safety but also generate new economic energy for downtown Denver, positioning it as both a business hub and a neighborhood where people want to live, work, and play.
