The firms of Semple Brown Design and Anderson Mason
Dale Architects have been chosen by the developer of
Denver Union Station, the Union
Station Neighborhood Co. to design the first two
buildings for the redevelopment of the Union Station
property in downtown Denver. The total cost of the
redevelopment is estimated at $500 million.
Plans to develop the site of 1822 Market
in downtown Denver into a 514,000 SF residential
project are currently up in the air due to the
announcement by BlackRock Realty of San Francisco, the
financier of the project,, that it is intending to
foreclose on the property. To be known as 1800 Market,
CORUM Real Estate, the developer, has stated that the
current economic environment has delayed their efforts
to construct the property, which was to total 300
apartments units in 13 stories.
Forever 21 has agreed to expand its
lease space at the Denver Pavilions
in downtown Denver from 7,600 SF to 32,000, a move
that will make the retailer a dominant store at the
site. Gart Properties, owner of Pavilions recently
announced a proposed $25 million renovation.
The Renaissance Riverfront Lofts
celebrated its opening recently. Dedicated to serve
the chronically homeless and low-income families, the
100-unit facility near Park Avenue West/I-25/ West
38th Avenue was built with tax credits that allowed
the project to write off all but $1 million in debt
and also facilitated the implementation of
energy-efficient features in the building.
The former Circuit City building at
1505 South Colorado Boulevard has been purchased by KP
Properties of Colorado for $7.5 million, or $176/SF.
Buyer intentions are not known.
Century Invesco Group LLC has purchased the
Big Bear Ice Arena from Ice Bear LLC for
$3.42 million or $34/SF. Located in the Lowry
neighborhood of Denver at 8580 Lowry Boulevard, the
100,700 SF, 8-acre property had been on the market for
4 years and had an original asking price of $4.9
million. The buyers reportedly have family who play
hockey and intend to spend some $2 million on
renovation of the former hangar built in 1957
including an athletic training facility, a restaurant,
spectator seating and locker rooms. The facility will
continue to be used for youth hockey by the Colorado
Thunderbirds and the Front Range Amateur Hockey
Association.
Denver City Council Member Jeanne Robb reports that
car sharing is now available in Denver like more than
40 U.S. cities with 2 companies operating locally.
Car sharing is an alternative to personal car
ownership that provides members hourly rental of
vehicles-without the costs of insurance, maintenance,
or even gas. Car sharing (notcarpooling) has existed
for more than 20 years worldwide, providing a
supplement to transit, cycling, and walking.
eGo Care Share, a local nonprofit
with more than eight years experience as a successful
car share organization in Boulder, is expanding to
provide service in the Metro Denver area. Members pay
a small fee to join, must have good driving records
and reserve cars on-line at $4/hour. The fleet of new,
fuel-efficient vehicles is parked in convenient,
locations and accessed with a special key "fob."
Transportation Solutions based in Cherry Creek has
been working with eGo Carshare to identify potential
locations for cars in Denver; the first cars should be
available in Denver in the next month. More at
www.carshare.org.
Occasional Car has placed 2 new Honda
Civic Hybrids in the Capitol Hill neighborhood. One is
based at the Whole Foods Market near the corner of
11th Avenue/Ogden St. and the other car will be
located at the Logan Parking Lot at 19th
Avenue/Pennsylvania. The firm plans to add 1 to 2 new
cars per month over the next several months in various
Denver neighborhoods. Occasional Car charges a
one-time application fee and three different rate
plans include gas and insurance for personal and
business memberships. More at
http://www.occasionalcar.com/rates.html,
The Cherry Creek Steering Committee was presented an
update of the retail/office/residential redevelopment
project of the 1st Avenue/St. Paul/Steele
site by Leslie Mitchell of 1stBank and Paul Powers of
Powers Corp. the developer. In response to
neighborhood input the development has commissioned a
transportation demand management (TDM) study by
Transportation Solutions and UrbanTrans consultants,
which will analyze existing and projected land uses,
and ways to reduce vehicle trips and miles travelled.
1stBank and Powers Corp. plan to submit a PUD for
approval by the City of Denver toward the end of May.
They plan no a hotel in the initial PUD but may
revisit that option at a later date. One of the
buildings is proposed to be 156 feet high.
The Steering Committee also received an update of the
36 Steele Street Hotel Project from
John Greenman representing Corporex, the developer and
Chris Shears of Concept Design, the architect. The
plan for a 178-room boutique hotel is reportedly still
viable and legal issues encumbering the site are being
resolved. The current plan is to seek RMU-30 zoning
for the site. The building is proposed to be 140 feet
high excluding a mechanical penthouse and 16 to 18
feet of sidewalk in front. Corporex plans to respond
to traffic issues and neighborhood concerns with a
traffic study as well. The Cherry Creek East
Neighborhood Association has formed a working group to
consult with Corporex and Bush Development which plans
to develop the balance of the block.
The City and County of Denver is working with the
Colfax Business Improvement District, the Greektown
Local Maintenance District and RTD to improve the
streetscape along Colfax Avenue
between Grant and Columbine Streets. Some $4 million
in bond funds was made available for such a project in
2007. RTD is working to help the city and the
districts improve pedestrian access by developing bus
rapid transit (BRT) in the area. BRT is
reconfiguration of traffic lanes and traffic signals
to allow buses to move more efficiently. East Colfax
Avenue is one of the most heavily used transit
corridors in the metro area. Construction is planned
for perhaps as early as late this year.
Andrison Morton has announced that
its women's store is closing. The former Auer's store
at 2nd/St. Paul was purchased a several years ago by
the owner of the men's store at 3rd/St Paul. The
store had been renovated in 2007 but sales reportedly
declined and the bridal portion of the women's line
was closed earlier this year.
The City and County of Denver nearing completion of a
strategic plan for recreation centers and in 2007 some
$11 million was authorized to develop a
recreation center in central Denver. Council
District 10, essentially close-in southeast Denver has
no recreation facility. As the plan nears completion,
no site has been selected yet for a new recreation
center in District 10.
The Church in the City has moved from
the former Safeway store at Colfax/Josephine to the
former synagogue at 16th/Gaylord Streets. St. Charles
Town Company proposes to redevelop the "Esplanade"
residential/retail project on the former church site
and purchased the synagogue to relocate the church.
St. Charles also bought the Sun Mart gas
station/convenience store at Colfax/Josephine to
accommodate the project. St. Charles intends to build
some 250 apartments and 15,000 SF of retail space with
a total budget of some $70 million. But financing
conditions today make the development questionable.
The church has purchased land around the synagogue for
parking.
CommonGround, the new golf course on
the former Mira Vista site will open on May 23rd. The
public course at Alameda/Havana on the former Lowry
Air Force base is being developed by the Colorado Golf
Association and the Colorado Women's Gold
Association. The all new par-71 design is by noted
golf course architect Tom Doak who donated much of his
fee. The design is reportedly also cost effective
bringing the total cost down to $4.8 million.