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State officials present capital complex updates; feasibility study finds 1313 Sherman conversion could cost ~$100M per project
Summary
Department of Personnel & Administration and Capital Complex officials told the Joint Budget Committee the annex and security projects are nearly complete and that a feasibility study shows converting 1313 Sherman to housing and childcare could cost $91–$111 million in hard costs (about $1 million per unit after soft costs). Staff said the project may require state subsidies or a public‑private partnership and that final decisions would go to the Capital Development Committee.
State personnel and the Capitol Complex team updated the Joint Budget Committee on a slate of renovation projects and presented a feasibility study for the 1313 Sherman Street (Centennial) building during the committee’s full‑day hearing in Denver.
Deputy executive director Tobin Follandweinder and Richard Lee, division director for the Capital Complex, said security upgrades at the State Capitol are complete, the annex building at 1375 Sherman is largely occupied and being LEED‑certified, and the Capitol Micro Mart/Café is nearing completion with furniture delivery expected in 2026. ‘‘Capital security project is complete’’ and the annex ‘‘is substantially complete and occupied,’’ Lee said. The annex had a budget of $57,800,000 with about $54,900,000 invoiced to date, Lucas said.
The committee spent extended time on the Centennial (1313 Sherman)…
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