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Lowry Back to Square One after Janus Retreat

DENVER-The Lowry Redevelopment Authority is rethinking its next move for a 35-acre site that had been ticketed for a $150-million corporate campus for Janus. Ancillary services might be the way to go, says the authority.

By John Rebchook | Updated on March 15, 2001

DENVER-The Lowry Redevelopment Authority likely won’t start marketing the land that was to be occupied by Janus Capital Corp.’s $150-million office campus until this fall.

Janus has pulled out of the development because it says it no longer needs the space. The campus would have covered 800,000 sf to 1.2 million sf.

The redevelopment authority has begun to “strategize” on its next step for the 35-acre site, but likely won’t have a new master plan in place until this fall, says Hilarie Portell, spokeswoman for the association. “This is a very important piece of property for us, as it accounts for about 40% of our business property,” Portell tells GlobeSt.com. Because the authority had been “deep in negotiations” with Janus for two years, she says there has been no opportunity to look to other options.

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