The $50 Million Transformation: 5 Shocking Facts About The New Mineral Place Development At 700 West Mineral Avenue, Littleton CO
The address 700 West Mineral Avenue in Littleton, Colorado, is no longer the quiet, corporate campus you might remember. As of late December 2025, this massive 63-acre site is undergoing one of the most significant real estate transformations in the Denver metro area, shifting from a relic of the telecommunications age to a vibrant, mixed-use commercial and residential hub. This ambitious project, now formally known as Mineral Place, is reshaping the economic and physical landscape of Littleton, promising new retail options, housing, and a major boost to the local economy.
The redevelopment marks the end of an era dominated by a single corporate entity and the beginning of a new chapter focused on community integration and modern commerce. The sheer scale of the investment and the high-profile tenants involved have made this one of the most talked-about developments in the South Denver suburbs.
The Corporate Legacy: From U.S. West to Lumen Technologies
Before the bulldozers arrived, 700 West Mineral Avenue was synonymous with the telecommunications industry in Colorado. The property’s history is a fascinating timeline of corporate evolution, serving as the backbone for multiple major carriers over the decades.
- U.S. West: The site originally served as the network reliability center for U.S. West.
- Qwest Communications: Following corporate mergers and acquisitions, the campus became a major operational center for Qwest, whose corporate tower was a recognizable landmark in the area.
- CenturyLink & Lumen Technologies: The ownership and primary occupancy eventually transitioned to CenturyLink, which later rebranded as Lumen Technologies, Inc..
The sprawling 63-acre campus, including its iconic Qwest Tower, was primarily an office property. However, changing workforce trends, particularly the rise of remote work, led Lumen Technologies to vacate the offices, leaving a massive, underutilized parcel of land. This vacancy set the stage for the enormous redevelopment that is now underway.
Fact 1: The Massive $50 Million Land Acquisition and Demolition
The scale of the Mineral Place project is staggering, beginning with its high-value acquisition. In a major real estate deal, Englewood-based Republic Investment Group purchased the entire 63-acre former Lumen Technologies campus. The reported price tag for the land alone was approximately $50 million, highlighting the prime location and immense potential seen by the developers.
The most visible sign of this transformation was the demolition of the former Qwest Tower. The removal of this structure was a crucial milestone, signifying the definitive end of the site's corporate past and clearing the way for the new mixed-use master plan. This demolition was not just a physical change but a symbolic one, ushering in a new era for Littleton’s commercial landscape.
To facilitate the new vision, the City of Littleton also approved a significant change in zoning. The property was rezoned from its previous Industrial Park (IP) designation to Commercial Mixed-Use (CM), a necessary step to accommodate the blend of retail, commercial, and residential components planned for the site.
Fact 2: Costco is the Anchor of the New Mixed-Use Mineral Place
The most anticipated element of the Mineral Place redevelopment is the arrival of a major retail anchor: Costco. The plan to bring the membership-only warehouse club to Littleton has generated significant excitement and was a key factor in the project's approval.
Costco, along with architecture firm MG2, submitted detailed plans to the City of Littleton, confirming the new location at the former Lumen campus. The new commercial development, which is expected to span approximately 45 acres of the total site, is being designed to dramatically boost the local economy and provide a major new shopping destination for South Denver residents.
The project is a true mixed-use campus, meaning the development is not solely focused on retail. The overall plan for Mineral Place will transform the site into a multi-faceted area that includes:
- Major Retail: Anchored by the new Costco location.
- Commercial Space: Additional space for various businesses and services.
- Residential Housing: The plans also include the development of new homes, creating a live-work-shop environment.
Fact 3: Key Entities Driving the Littleton Development
The successful execution of a project this size requires coordination between multiple large entities, from investment groups to municipal government.
- Developer: Republic Investment Group, based in Englewood, CO, is the driving force behind the purchase and master planning of the 63-acre property.
- City of Littleton: The Littleton City Council played a pivotal role, giving unanimous approval to the major commercial development plans, underscoring the city's support for the economic revitalization the project promises.
- Architects: The original site’s network reliability center was designed by Slater - Paul, while the new Costco development involved the architectural firm MG2.
The collaboration between these groups has ensured that the Mineral Place development adheres to the city's vision for sustainable, integrated growth. The focus is on creating a destination that serves both commercial interests and the needs of the local community.
Fact 4: The Economic Impact of Mineral Place
The transformation of 700 West Mineral Avenue is projected to have a profound positive impact on Littleton’s economy, moving beyond the simple replacement of an empty corporate campus.
The introduction of a major retailer like Costco is expected to generate a substantial increase in sales tax revenue for the city. This new revenue stream is critical for funding local services, infrastructure improvements, and community programs. Furthermore, the development will create a significant number of new jobs, both during the construction phase and upon the opening of the retail and commercial spaces.
The mixed-use nature of Mineral Place, combining commercial activity with residential density, creates a self-sustaining ecosystem. This model of development is highly sought after as it reduces commuting, encourages local spending, and creates a more vibrant, walkable community feel compared to a single-use office park.
Fact 5: A New Era for South Denver Real Estate
The Mineral Place project is a microcosm of a larger trend in South Denver real estate: the repurposing of outdated corporate campuses into modern, high-density, mixed-use centers. As the demand for traditional office space wanes, developers are seizing the opportunity to convert these large, strategically located parcels into assets that better serve the modern resident.
The 700 West Mineral Avenue site, situated near key transportation corridors, is perfectly positioned to capitalize on this trend. The combination of a highly desirable retail anchor (Costco) with new residential options will significantly increase the property values and overall desirability of the surrounding area. It represents a significant shift from the industrial park (IP) zoning of the past to a future-forward Commercial Mixed-Use (CM) designation.
For residents and businesses in Littleton, Mineral Place is set to become a central hub for shopping, living, and commerce, solidifying its place as one of the most dynamic real estate developments in Colorado.
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