Two years after first floating the idea publicly, a Seattle-based developer is moving forward with a proposal to replace a LoDo parking lot with an eight-story mixed-use building.
Unico Properties submitted a site-development plan to the city this month detailing its plans to build on the lot that stretches between Wynkoop and Wazee streets, right next to the Cherry Creek Trail.
The parking lot is divided into two parcels, 1401 Wazee St. and 1420 Wynkoop St.; the latter also includes the existing four-story office building at 1430 Wynkoop St.
Unico paid $21 million for the 1420 Wynkoop St. parcel in October 2015, and another $6.52 million for the 1401 Wazee St. parcel and three condo units in an adjacent building in February 2016, according to county records.
The company has had an eye on developing the lot for awhile. Unico first submitted a version of the proposal to the Lower Downtown Design Review Board in the summer of 2016.
A company representative said the development plans include:
• 7,300 square feet of ground-floor retail
• 67,000 square feet of office space on the second and third floors
• 50,000 square feet of residential space, divided into approximately 55 units, on the upper floors
The site plan, which still needs city approval, also calls for three levels of below-grade parking with 156 spaces, which would connect with the parking beneath the 1430 Wynkoop building.
OZ Architecture drew up the plans.
Unico owns seven buildings in the Central Business District and LoDo, including 518 17th St., 1675 Larimer St. and 1875 Lawrence St., according to its website. The company sold the 30-story office tower at 1660 Lincoln St. this year for $67.2 million.
Julie Currier, Unico vice president of development, said in a statement that the company hopes to start construction next summer.