The building was constructed and operated by the Colorado Midland Railroad which was founded in 1883 but the roundhouse dates from 1887-88.

The roundhouse was sold to local developer Griffis/Blessing who gutted the building to its original stone walls and wood timber frame and renovated the building at a cost of $2.5 million into an upscale retail center.

The renovation included glass windows framed by the original track door openings.

In May 2009 Carmichael Training Systems, the coach for Lance Armstrong, moved into the renovated roundhouse.

[4][5] In February 2012 construction began for Colorado Mountain Brewery to open their second location in the roundhouse.