ASARCO Globe Plant Site (Denver, CO)
AKA Crossroads Commerce Park
Site/Location: The approximately 77-acre ASARCO Globe Plant site is located just north of the intersection of I-25 and I-70 in the Globeville neighborhood, near the South Platte River, in Denver and Adams counties.
History/Situation: The property is the site of the former ASARCO globe smelting plant, which began on-site smelting operations in 1886, separating impurities from gold, silver and copper. In the next century it changed hands (in 1975, purchased by what became ASARCO Incorporated) and subsequently handled lead, high purity metals, arsenic trioxide for insecticides, medicines, glass, and cadmium. Globe ceased operations in 2006, following ASARCO’s 2005 bankruptcy. As part of the bankruptcy resolution proceedings, the property was transferred to the ASARCO Multi-State Custodial Trust (in Dec. 2009), to ensure funds were available for site cleanup.
Abatement Considerations: Smelting operations left elevated levels of cadmium, lead, arsenic and zinc in groundwater, surface water, sediments and soil at and near the plant. The contaminated groundwater extends as far as the South Platte River.
EFG’s Role: The site underwent remediation efforts for a number of years, first by ASARCO, Inc., and related entities, and later by the ASARCO Multi-State Custodial Trust (“Trust”). Since 2011, Globeville I, LLC, an EnviroFinance Group entity, has managed the remediation work at the site under contract to the Trust and in cooperation with the Colorado Department of Health and Environment (CDPHE) and EPA. In 2014 EnviroFinance Group, LLC (EFG) acquired the property from the Trust and continued its management of the redevelopment activities with the support of Adams County, the City and County of Denver, the Denver Urban Renewal Authority, and the State of Colorado. This work includes processing entitlements, creating Metropolitan Districts, and the design and construction of new site-wide infrastructure.
Future Plans: The development, now known as Crossroads Commerce Park (CCP), will redevelop a former 77-acre metal smelting plant into a modern business park of 750,000 to 1,000,000 square feet of new commercial development. The redevelopment intends to provide modern building space for a variety of uses, including but not limited to light and flex-industrial, warehouse distribution, office, and possibly retail. The close proximity to downtown Denver as well as the intersection of I-25 and I-70 make this site ideally situated to attract tenants. The overall goal of this redevelopment is to spur economic development and create jobs. The new business park will help transform the Washington Street corridor, catalyzing reinvestment by surrounding property owners and creating jobs for area residents.
Community Benefit: The project is estimated to provide hundreds of jobs to Adams County and Denver, ranging from forklift operators to inventory clerks and facilities managers in larger distribution facilities, to trade specialists employed in smaller owner/user facilities. Development within the Crossroads Commerce Park will eliminate existing blight on the property by ensuring the completion of environmental clean up and returning the property to productive use, creating a catalyst for the renewal of the area.
Current Status: Remediation work accomplished to-date includes the abatement and demolition of 39 heavily-contaminated buildings, removal of the site’s asbestos-lined storm water retention pond; stabilization and capping of contaminated soil and other materials, and installation and successful operation of a groundwater remediation system. Site-wide infrastructure construction—including the construction of new roads, sidewalks, open space, storm water infrastructure, and sewer and water pipes—is expected to be complete by end of 2015. Trammell Crow Company acquired 40 acres in the summer of 2015 and is under construction on 4 new Class A industrial buildings, totaling over 700,000 sq. ft., with the first building expected to open Q1 2016.