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UPDATE: Two Teams Remain in Battle for $1B Union Station Project

DENVER-Forest City and Denver Crossroads drop out of the running for the $1 billion development of Union Station and surrounding land. The two remaining teams must now give more details of their development visions and expectations for the site, and a master developer will be chosen in September.

By John Rebchook | Updated on April 12, 2006

DENVER-Two of the four teams this week say they have dropped out of the $1-billion plan for the redevelopment of Denver Union Station , leaving two final teams. The two teams withdrawing from the developer selection process are Denver Crossroads Developers and Forest City.

Denver Crossroads is headed by Phelps Development, the development arm of Hensel Phelps, based in Greeley, and one of the largest general contractors based in the state. That team also included Denver developer Bill Mosher and Trammell Crow. The second drop out, Forest City, is currently developing Stapleton, among other large projects in the Denver area.

“Forest City did not say anything in writing, but clearly they have got a lot of other big projects going on,” Liz Orr, head of the selection team for the development, tells GlobeSt.com. “The same thing is true with Denver Crossroads. They said in a letter that they had to make a resource-allocation decision.”

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