Asarco Globe Plant
Denver, CO | 2002 - 2011
Situated on approximately 77 acres in Denver’s historic Globeville neighborhood, the former Globe Plant was once a major regional employer and industrial landmark. Originally established in 1886 as the Holden Smelter and later operated by Asarco for more than a century, the facility ceased operations in 2006 following Asarco’s bankruptcy. RES principals were engaged by the Asarco Multi-State Custodial Trust to lead the site’s remediation and redevelopment. Working in partnership with Adams County, the City and County of Denver, the Denver Urban Renewal Authority, the State of Colorado, and the U.S. EPA, the team guided environmental cleanup, risk management, and planning that transformed a heavily contaminated industrial site into a vibrant, modern employment center. The remediated site, now the Crossroads Commerce Center, provides nearly one million square feet of Class A industrial, warehouse, and distribution space.
Project Highlights:
- Served as Remediation and Redevelopment Manager for the 77-acre Asarco Globe Plant site
- Directed cleanup under the Asarco Multi-State Custodial Trust in collaboration with federal, state, and local partners
- Managed complex environmental remediation to support safe industrial reuse
- Attracted private investment through a robust environmental risk management program.
- Structured a complex capital stack that included HUD 108 Loan and a multi-county tax increment financing vehicle.
- Processed entitlements and zoning amendments, and completed the horizontal development of the property, preparing it for vertical construction
- Facilitated property sale to Trammell Crow Commercial for redevelopment as Crossroads Commerce Center
- Delivered one of the Denver region’s premier master-planned industrial parks, creating jobs and revitalizing the Globeville community
