{"id":1493,"date":"2026-06-10T22:32:34","date_gmt":"2026-06-10T22:32:34","guid":{"rendered":"https:\/\/coloradospringsmoverss.com\/?p=1493"},"modified":"2026-06-10T22:32:34","modified_gmt":"2026-06-10T22:32:34","slug":"ddda-application-reveals-cus-plans-for-independence-plaza","status":"publish","type":"post","link":"https:\/\/coloradospringsmoverss.com\/?p=1493","title":{"rendered":"DDDA application reveals CU\u2019s plans for Independence Plaza"},"content":{"rendered":"<div>\n<div><strong>Getting your Trinity Audio player ready&#8230;<\/strong><\/div>\n<div>\n<p>The University of Colorado Foundation is buying Independence Plaza to expand CU Denver, which says it plans to turn the office tower into \u201ca workforce\/economic\/business development and job creation hub.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/coloradospringsmoverss.com\/?p=1491\">Evacuations ongoing for Spring Creek fire northeast of Aspen<\/a><\/p>\n<p>In an application seeking money from the Denver Downtown Development Authority, CU said it wants to use only part of the 25-story, 567,000-square-foot tower for educational purposes.<\/p>\n<p>It also wants to establish an \u201cinnovation and entrepreneurship hub\u201d there.<\/p>\n<p>\u201cThis Hub will drive new business development by hosting\/incubating\/accelerating regional startups in a co-located fashion with CU Denver, supporting both the local entrepreneurial community and CU Denver\u2019s growing innovation ecosystem,\u201d according to the application.<\/p>\n<p>The application says the building would also be used for \u201ccommunity- and government-serving functions,\u201d without elaborating.<\/p>\n<p>BusinessDen obtained the application through a public records request. Parts of the application were redacted by the City of Denver.<\/p>\n<p>BusinessDen broke the news in early May that CU was under contract to purchase the tower, which sits on a full city block in the heart of downtown. It is just 21% occupied.<\/p>\n<p>Read more <a href=\"https:\/\/coloradospringsmoverss.com\/?p=1489\">From abandoned building to lively hub, Aurora\u2019s Stanley Marketplace on cusp of new era with sale<\/a><\/p>\n<p>In its application, CU said the total project cost would be $70 million, and it requested $35 million from the DDDA. But Jennifer Woodruff, a spokeswoman for CU Denver, said those figures will change when the university system submits a new application later this week.<\/p>\n<div>\n<\/div>\n<p>The original application says CU wants DDDA money to help renovate the building, to establish the innovation hub and to offer low-interest loans to companies building out office space.<\/p>\n<p>\u201cBy bringing students together with employers, students will gain real-life experiences and businesses will have direct access to their future workforce,\u201d the university wrote.<\/p>\n<p>CU already has some downtown property holdings. CU Denver\u2019s business school is at 1475 Lawrence St. One block away on 14th Street are two more school buildings, including the 14-story Lawrence Street Center, home to offices for the chancellor and provost.<\/p>\n<p>Read more <a href=\"https:\/\/coloradospringsmoverss.com\/?p=1487\">Buffs men\u2019s basketball to face San Diego State in nonconference game<\/a><\/p>\n<p><em>Read more from our partner, BusinessDen.<\/em><\/p>\n<div>\n<\/div>\n<p><em>Get more business news by signing up for our Economy Now newsletter.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The University of Colorado Foundation is buying Independence Plaza to expand CU Denver, turning the office tower into \u201ca workforce\/economic\/business development and job creation hub.\u201d<\/p>\n","protected":false},"author":1,"featured_media":1492,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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