The former AT&T building at 2535 E. 40th Ave. on Sept. 10, 2025. (Thomas Gounley/BusinessDen)
Denver Water’s efforts to relocate some operations to free up land for a new Broncos stadium took a big step forward last week.
On Friday, the public utility closed on the first of two deals for land in the Elyria-Swansea neighborhood.
The $39.5 million buy gives Denver Water ownership of a gutted former AT&T call center at 2535 E. 40th Ave.
The utility expects to close on the second deal — $13.5 million for adjacent land to the west — in the spring.
The AT&T site was sold by Tom and Brooke Gordon, Denver residents who bought the property in 2018 for $19 million hoping to develop housing on the site.
Tom Gordon previously told BusinessDen that he was approached by brokers representing the city in late May or early June.
Denver Water submitted redevelopment plans for the Elyria-Swansea site last week, proposing the construction of four new industrial buildings.
The Broncos plan to build a new stadium at Burnham Yard, a onetime railyard in the Lincoln Park neighborhood that is now owned by the state. Denver Water has agreed to free up 25 acres for the team. The land is south of the utility’s headquarters at 1600 W. 12th Ave.
Denver Water has said the Broncos will pay all costs associated with the relocation of its operations, but records show the utility is using its own money for now.
The Broncos, meanwhile, also submitted development plans to the city last week, which show specifically where within Burnham Yard they want to build the stadium.
The former AT&T building at 2535 E. 40th Ave. on Sept. 10, 2025. (Thomas Gounley/BusinessDen)
Denver Water’s efforts to relocate some operations to free up land for a new Broncos stadium took a big step forward last week.
On Friday, the public utility closed on the first of two deals for land in the Elyria-Swansea neighborhood.
The $39.5 million buy gives Denver Water ownership of a gutted former AT&T call center at 2535 E. 40th Ave.
The utility expects to close on the second deal — $13.5 million for adjacent land to the west — in the spring.
The AT&T site was sold by Tom and Brooke Gordon, Denver residents who bought the property in 2018 for $19 million hoping to develop housing on the site.
Tom Gordon previously told BusinessDen that he was approached by brokers representing the city in late May or early June.
Denver Water submitted redevelopment plans for the Elyria-Swansea site last week, proposing the construction of four new industrial buildings.
The Broncos plan to build a new stadium at Burnham Yard, a onetime railyard in the Lincoln Park neighborhood that is now owned by the state. Denver Water has agreed to free up 25 acres for the team. The land is south of the utility’s headquarters at 1600 W. 12th Ave.
Denver Water has said the Broncos will pay all costs associated with the relocation of its operations, but records show the utility is using its own money for now.
The Broncos, meanwhile, also submitted development plans to the city last week, which show specifically where within Burnham Yard they want to build the stadium.
