CU Denver Acquires Independence Plaza for $28M, Plans Innovation Hub
The University of Colorado Denver has purchased Independence Plaza for $28 million, significantly below its previous sale price. This acquisition includes plans for a 30,000 SF innovation hub, supported by $6 million from local development authorities, aimed at fostering entrepreneurship and integrating students with the local workforce.
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CU Denver has acquired Independence Plaza for $28 million, a price lower than its 2007 sale and below earlier projections. The university plans to convert part of the 25-story building into a 30,000 SF innovation and entrepreneurship hub, with funding of $4.5 million approved by the Downtown Development Authority and an additional $1.5 million from Denver Economic Development & Opportunity.
The project is expected to enhance student engagement with local industries. Additionally, the Denver Broncos have purchased land for a potential stadium, while Sierra Parkway Communities acquired Fox Hill Apartments for $32 million. The development of a new low-carbon cement lab by Terra CO2 is also underway in Golden, highlighting ongoing investment in the region's infrastructure and innovation.
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