Shorenstein Company has officially announced plans to move forward with 1709 Chestnut, a development in Denver’s Union Station neighborhood that will feature a 24-story building and a 12-story building. 1709 Chestnut is slated to break ground in 2016.

Between these two structures 500 apartment units and 20,000 square feet of ground-floor retail space will be constructed. The residences will be offered in one and two bedroom options. Structured parking will be incorporated into 1709 Chestnut totaling 500 spaces.

Shorenstein is a real estate investment company with offices in San Francisco and New York City.

Meg Spriggs, managing director of the Multifamily Investments Group of Shorenstein Properties explains, “We’re excited to move ahead with 1709 Chestnut, which features a design inspired by the look and feel of Denver’s LoDo neighborhood. The project’s location in one of the most exciting new urban mixed use neighborhoods in the country and its close proximity to numerous public transit options gives us great hope it will be well received when we deliver the completed development in 2018.”

Denver-based Shears Adkins Rockmore is the architecture firm that designed this development.

1709 Chestnut will take shape a block and half from the train platform at Union Station. A commuter rail line is slated to open in 2016 that will provide service between Denver International Airport and Union Station. Currently trains are being tested on the line. Pivot Denver, a 13-story residential project that will feature a Whole Foods is currently under construction on the lot directly to the southeast of 1709 Chestnut. A King Soopers grocery store opened about a month ago nearby at 19th and Chestnut.

Below is a photo of the 1709 Chestnut site. It is currently an empty lot with a chain link fence surrounding the perimeter.