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Transportation Solutions once again held its Road Ahead
seminar at the JW Marriott Hotel in January. This time the topic
was "Unlocking the Parking Puzzle" and the primary speaker was
Scott Bernstein of the Center for Neighborhood Technology, a
leader in the evolution toward transportation oriented
development. Many public officials attend this each year and it's
only a couple of hours, so if you weren't able to be there, plan
to attend next January.
MacKenzie House LLC has scheduled the coming spring for the
groundbreaking of a new assisted living center. To be located at
East Third Avenue and Logan Street, the 89,000 square foot
MorningStar Assisted Living at Cherry Creek center is to provide
89 units for those with assisted-living and memory-care needs.
RREEF America Partners LP purchased the 300-unit Mezzo
Apartment complex at 901 Sherman Street in Denver for $33.5
million, or $111,667/unit. The seller was Fairfield Residential
LLC.
The owners of the Argonaut Wine & Liquor store in Capitol
Hill have announced that a new building is being constructed for
the store that is scheduled to open in late 2008. Located at 700
East Colfax Avenue, the new 40,000 square foot store will be
almost twice the size of the current store.
The Denver Botanic Gardens officially launched their new
capital improvements program. Spurred by the approval of bond
funds totaling $18.6 million, the Botanic Gardens is campaigning
to raise an additional $14.6 million in private donations, of
which $3.3 million has already been met. The Gardens intends to
use the bond funds to make improvements such as a new greenhouse
complex, irrigation system, and improvements to 1005 York Street
to improve safety and accessibility. The funds gained from private
donations will fund a new children's garden named after the
Mordecai Family, expand the Japanese Garden, construct a new
parking structure as well as fund other capital improvements.
A 100 unit senior independent living apartment building is
proposed for the site at 11th Avenue/Gaylord/Vine Street.
Leisure Care, a Seattle based operator will operate the 7-story
building after the developer consults with neighbors about the
design of the project.
The Monroe Pointe condominium project in Cherry Creek is on
track to welcome buyers in mid-February, according to Monroe
Street Development LLC, which is led by Bruce and Stuart Rifkin.
Totaling 69 units at 333 South Monroe Street, the units range in
size from 895 to 5,380 square feet and in price from the mid-
$300,000s to $1.7 million.
Trammell Crow Residential purchased a 5.3-acre site in the
Gates Rubber Co. redevelopment on South Broadway from Cherokee
Denver LLC for $6 million or $26/SF. The buyer has slated the site
for development with apartments.
The Broadway Marketplace at the southeast corner of
Alameda/Broadway has begun what appears to be a long process of
redevelopment that could result in much higher density and transit
oriented development on some 60 acres. The Washington Park Profile
reports that the property is under the same ownership as the
Denver Design Center to the south, which is working with the City
of Denver on a General Development Plan. The plan could increase
density significantly in the area with as much as 10 million SF of
new construction. The redevelopment could include some 4,000 new
residential units, office, retail and hotel uses. The West
Washington Park Neighborhood Association has expressed concern
about the increased traffic that could result. The approval and
development process could take decades.