One of the biggest outstanding real estate transactions around Burnham Yard is officially in the books.
The Broncos have closed a deal with SRM Concrete to purchase six parcels owned by the company that span nearly 10 acres in the northern part of the club’s planned stadium and surrounding mixed-use district at Burnham Yard.
“This agreement with SRM Concrete represents another meaningful step our organization has taken to advance plans for a future stadium and surrounding neighborhood at Burnham Yard,” Broncos president Damani Leech said in a statement provided to The Post. “We’re grateful to CEO Jeff Hollingshead and the entire SRM Concrete team for their partnership, collaboration and shared commitment throughout this process.”
See Broncos’ updated Burnham Yard renderings for proposed mixed-use district
The six parcels, according to city real estate records, have a combined assessed value of more than $15.6 million. Financial terms were not immediately available on the Broncos’ acquisition.
“We are pleased to finalize this agreement with the Denver Broncos and play a small part in helping move the Burnham Yard vision forward,” Hollingshead said in a statement. “This project represents an exciting opportunity for Denver, and we're proud to contribute to something that we believe can have a meaningful impact on the community for generations to come.”
The club and the concrete company have been negotiating for months over a potential sale, but SRM was one of the longest-running holdouts in the area immediately surrounding Burnham Yard. Now the two sides have come to an agreement.
In the spring, Hollingshead told The Post that he was sure the sides “can come to an agreement that works for both of us.”
“We’re not going to be the reason why the stadium’s not getting built,” Hollingshead added then.
In the end, SRM Concrete fit in somewhere down the list of potential issues around Burnham Yard, checking in after matters like the ongoing community benefits agreement negotiation, the complex and time-consuming efforts to relocate Denver Water from its site just west of SRM Concrete and more.
The six SRM Concrete parcels are 1100 N. Raritan, 1173 N. Quivas, 1195 N. Quivas, 1151 N. Quivas, 1590 W. 12th Ave. and 1570 W. 12th Ave.
The parcels combine to form a wedge that sits between the Denver Water headquarters and the now-defunct railyard. Regarding the Broncos’ proposals for a retractable-roof stadium and mixed-use district, the SRM Concrete parcels occupy a significant portion of the northern part of the proposed stadium site and also part of a planned, residential-heavy area that recent renderings refer to as the “North End.”
With the SRM Concrete deal closed and a purchase agreement for Burnham Yard itself finalized for $45.8 million -- that deal is slated to close later this year — most of the real estate transactions planned by the club in the proposed stadium area are now completed or essentially completed.
SRM Concrete, based in Tennessee, owns more than 560 concrete plants across 24 states. The company had just purchased the Burnham Yard-adjacent plant in 2022.
