Denver
Denver
When Denver’s Stapleton International Airport closed in the mid-1990s, community leaders saw a chance to create a new, 4,700-acre (1,900 ha) community just six miles east of downtown. The project’s original developer, Forest City Stapleton (sold to Brookfield Properties in 2018), kicked off an urban transformation that is now nearing completion 25 years later. Known for extensive resilience strategies to reduce the effects of drought, flooding, and extreme heat, Central Park’s 12 neighborhoods are home to nearly 35,000 residents, with 60 parks as well as extensive pedestrian and bicycle trails.
The Colorado Rockies’ ownership leased a parking lot adjacent to Coors Field in order to construct McGregor Square, a 3.2-acre (1.3 ha) mixed-use development that serves baseball fans, tourists, and the broader community.
“Investors are increasingly looking at airports as lucrative opportunities,” said Steve Forrer, chief investment officer at Aviation Facilities Management Company. “When you position an airport development correctly, it can draw in a wide range of businesses, from tech startups to established global firms,” he said.
