A vacant office building in Centennial is poised to be demolished and replaced with an apartment complex.<\/p>\n
The southern suburb\u2019s city council last week approved a rezoning request from The Garrett Cos., an Indiana-based multifamily developer, for 6901 S. Havana St.<\/p>\n
The 18.9-acre site on the east side of Interstate 25 near Topgolf currently has a two-story, 130,000-square-foot office building on it that dates to 1989. It has been vacant since April.<\/p>\n
Garrett Cos. intends to construct 368 multifamily units on the property across 14 buildings, the tallest of which would be four stories, according to documents submitted to the city.<\/p>\n
Garrett Cos. Director of Development Colin Wattleworth told council members last week that the Centennial\/Inverness submarket has \u201creally high vacancy\u201d in the office sector, higher than Denver proper.<\/p>\n
\u201cWhat this is telling us is that office space is not in demand in the submarket and that it\u2019s oversupplied. We\u2019re proposing to convert that site \u2026 away from a use that\u2019s not in demand into needed housing,\u201d he said.<\/p>\n
Garrett Cos. has yet to buy the site, but a company spokesman told BusinessDen that should happen around the end of the year. The property is owned by Centura Health Corp., the nonprofit hospital system that broke up in 2023, with its hospitals being divided by CommonSpirit Health and AdventHealth.<\/p>\n