Earlier in March, we reported that the “pressure of development” was forcing Denver’s oldest bike shop business, Turin Bicycles, to close — at least for now. For weeks, the shop has been selling off its inventory at a steep discount.

On March 28, the Denver developer Carmel Partners and the engineering firm Harris Kocher Smith submitted site development plans for 700 Lincoln that offer a peek into the proposed future of the lot, which was first reported by Denver Infill.

The new building will replace two structures at the current site.

If all goes as planned, there will be an 18-story building with a mix of shops, service and repair businesses, parking and 458,089 square feet of apartments, according to the plans, which have not been approved by the city.

The plan doesn’t specify how many new homes will be built, but it does note that it won’t be 100% income-restricted housing. As for parking, there will be 358 spaces in the project.

There will also new open space along both 7th Ave. and Lincoln St., though 95% of the .71 acres of land will be dedicated to the new building.

As for the future of Turin, co-general managers Mike Stejskal and Dave Wileden, who had originally planned to buy the shop from fouder Alan Fine, told Denverite they were going to take a break from the business and consider their options.

If they decide to return to bike retail, they have the option of using the Turin name and will be looking for an affordable place to rent — an increasing challenging in Denver.