Due to the added cost of remediation and the inherent liability of environmental contamination, brownfield development cannot be leveraged with traditional debt and, as a result, rarely “pencils.” EFG specializes in identifying and negotiating public financing tools (tax increment financing, tax credits, special districts, etc.) and insurance programs that are often necessary to close financing gaps, mitigate downside risk, and deliver successful projects.
TruStile Doors Headquarters and Denver Manufacturing Plant
A model of sustainability within Denver’s industrial manufacturing sector, this project co-locates a 65,000-sf high-end, residentially designed corporate headquarters with a 220,000-sf state of the art production plant, incorporating a 1.5-megawatt roof-mounted solar array and a custom biomass boiler system that turns excess wood waste from manufacturing into heating and cooling for the building. These investments in sustainable manufacturing are projected to reduce carbon emissions by 25,000 tons annually – the equivalent of taking 4,900 cars off the road each year.
ASARCO Globe Smelter now Crossroads Commerce Park
Remediation of the 77-acre former ASARCO-Globe Smelter site into Crossroads Commerce Park, a master-planned 1M SF Class A industrial business park. Situated in both Adams and Denver counties, Crossroads Commerce Park borders Washington Street just north of I-70 and east of I-25. Only minutes away from downtown Denver, Crossroads Commerce Park is a premier infill location in the Denver metropolitan area, serving as a catalyst for economic development that is bringing back jobs to the historically industrial neighborhood of Globeville.
Denver Housing Authority’s Sun Valley Redevelopment
Transformation of Denver Housing Authority’s 333-unit Sun Valley Homes into a mixed-income neighborhood that, at build-out, will total over 1,700 new residential units, more than 35% of which will be deed restricted as affordable. Originally built in the 1950’s, the Sun Valley neighborhood was home to some of Denver’s lowest income residents, living in obsolete public housing units, and cut off from surrounding areas by the Platte River and a disconnected street grid. The project restores the historic street grid, updates sitewide infrastructure, adds tree-lined sidewalks, over 4.5-acres of parks and open space, introduces a variety of commercial spaces, and a mix of market rate and affordable units.