CoorsTek is excited to announce it has received unanimous approval from the Golden, Colorado City Council this week for its 9th Street redevelopment plan. As a sign of incredible endorsement from the city of Golden, we received a 20-year vesting period for every key element of our vision and package of community benefits.
We discontinued manufacturing operations at our 9th St. facility in 2021, and plans are underway to replace the industrial operations with a vibrant new mixed-use district of commercial, residential, and hospitality uses that will be built over the next decade or so.
“This project represents a new model for how private development can collaborate with local government, local business, and the larger community to create exceptional places that are simultaneously economically successful, positive for the planet, and deliver substantial benefit to the local community," said Dan Cohen, President of AC Development, the newly formed Coors family development corporation managing the project.
The CoorsTek 9th Street property has been in continuous ownership by the Coors family since 1884. The Coors family plans to remain as the long-term owner of the land and buildings and will act as its developer. In first phase of the project, CoorsTek plans to relocate back to their legacy home in Golden by building a new global corporate headquarters on the 9th Street Site.
“This new district creates a true win-win for the community. It is important to us to transform this aging industrial facility for the public’s benefit and access," said CoorsTek CEO Michael Coors. "As we developed our vision for this site, we understood we also had a huge opportunity to provide much-needed affordable housing opportunities, high quality new open space, support for local artists, shared parking solutions for our downtown, and so much more.”