It also would likely have at least 600 parking spaces on two underground levels.
The site is considered attractive because not only would it abut the 16th Street Mall, but it is a block from the 1,100-room Hyatt convention center hotel under construction.
Tracy Huggins, executive director of the Denver Urban Renewal Authority, says that she has been contacted by Target, but has not been presented with a formal proposal for any type of tax subsidy.
The land is within DURA's 15-block redevelopment area, which would make it a candidate for tax increment financing.
Target has about a half dozen of its new urban stores in the country. For example, it opened a two-level Chicago store in a former Montgomery Ward building three miles west of Wrigley Field.
And last year it opened its prototype for the new urban stores in Greeley in northern Colorado.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.