The Move building adding major office space to downtown Castle Rock

A new $10 million project will bring a four-story, 50,000 square-foot office building to downtown Castle Rock.

Companies that have wanted to move into town have had problems finding contiguous space, and downtown boosters hope this will help.

Frank Gray, CEO of the Castle Rock Economic Development Council, said his organization has struggled to help companies find more than than 2,000-3,000 square feet. Companies already in town had to move out if they wanted to expand.

"This will provide a much needed jolt to Castle Rock in attracting a younger talented work force that is look for a more urban setting, where they can walk to restaurants, coffee shops and some kind of entertainment," Gray said in an e-mail.

The new building at Sixth and Jerry Streets will be called the Move. It is still in the design phase and there is no date for groundbreaking, although it will be soon, said Jill Dustman-Coe, marketing coordinator for White Construction Group.

Many Castle Rock residents work for high-tech companies in the Denver Tech Center, said Bill Detweiler, Castle Rock's director of development services. He hopes the new space will attract those high-tech companies and their younger workers.

"This building represents an opportunity to keep high-tech businesses in the town of Castle Rock and so they can expand," her said.

Detweiler said part of the financing agreement requires completion of the building a year from the date the agreement was signed, which was in April.

Council approved a loan of $900,000 for developer White Construction only when the building is finished and occupied next year. About half of the 100 or so parking spaces must be available to the public.

One company looking to expand and stay in Castle Rock is Where Food Comes From, a high-tech food verification company. CEO John Saunders said his company currently operates out of 3,500 square feet downtown and would like to expand to 5,000-10,000 square feet, adding 1015 jobs.

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The Move building adding major office space to downtown Castle Rock