Once one of metro Denver’s more affordable suburbs, the town of Castle Rock for decades was the very definition of a bedroom community. Now it seeks to defy the label and become more self-sufficient and self-contained.
The Douglas County seat is going through yet another growth spurt, one that has taken its population from 48,580 residents in 2010 to nearly 77,000 last year, according to the state demographer. But this spurt is different than past ones. Developers are adding new condos and apartments and office and commercial space to the once-neglected downtown and looking at industrial sites nearby.
The Douglas County School District, Arapahoe Community College and Colorado State University teamed up to create the Sturm Collaboration Campus, which counts more than 1,000 students. The campus provides traditional classroom offerings, along with applied learning and workforce training to help students prepare for in-demand jobs.
The thinking was that young professionals would be moving in, but instead, well-off retirees and empty nesters wanting to trade in their unincorporated single-family spreads for a maintenance-free lifestyle, the kind normally found in downtown Denver or Boulder, were the dominant buyers, said Frank Gray, president and CEO of Castle Rock Economic Development.
Confluence also has added a 228-unit apartment building called Riverwalk across the street from Encore and in late September broke ground on its third downtown project, representing a $28 million investment, called Riverwalk Luxe, which will have 28 luxury apartment homes and more than 21,000 square feet of for-sale commercial space.
That isn’t to say there won’t be a strong brick theme in whatever comes next. Confluence picked up 3 million leftover bricks when it acquired the Acme site for $7 million. Those bricks are slowly making their way to other new buildings in Castle Rock and DeSimone is open to hearing from anyone who might want to pick some of them up.
Nearby, on a former landfill that is now cleared out, P3 Advisors, which specializes in brownfield redevelopment, has been working on an even larger project for the past eight years., accessed through I-25 and West Plum Creek Parkway interchange, covers 65 acres that could eventually include mixed-use multi-family projects, a full-service hotel, as well as pads for office and retail and other uses.
Bartender Morgan Butler wipes down the bar at Sinners and Saints Bar located in Castle Rock’s newest food hall inside an old church, on Nov. 9, 2022. About 70% to 80% of Castle Rock’s working population commute elsewhere to make a living, which often means driving a congested I-25 up to the Denver Tech Center or down to Colorado Springs.
“You are either growing or you are dying,” Mayor Gray said. Castle Rock wants to be in the camp of those growing.
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