October 7, 2014 marks
the 20th anniversary of the Central Line, the
first line in RTD's system which served as the
catalyst for a whole new mode of transportation
across the metro area with more than 200 million
passenger trips since then. The project was funded
entirely by RTD. With no tax increase and no
federal dollars the Central Line was funded with an
existing use tax, RTD's capital reserve and bonds
issued by the District.
The Central Line marked the return of light rail four
decades after the city street trolleys went out of
service and removed approximately 430 bus trips from
downtown city streets when it opened. Train capacity
was reached almost immediately and surpassed all
projected ridership numbers. Passenger demand was so
high that RTD had to order six additional trains to
keep up with demand. Since the opening of the Central
Line, light rail has saved 35 million vehicle trips
and 140 million vehicle miles traveled.
The
project was the beginning of the regional rapid
transit system that had been planned for several
decades. By building the Central Rail Line, RTD
provided an opportunity for people to see what light
rail was, what it looked like, and how it easily fit
into the community. Its success led to the opening of
the Southeast and Southwest lines and the FasTracks
project. Currently, RTD operates 48 miles of light
rail track, 46 stations and 172 vehicles.
Two
more transit projects are a step closer to reality as
the RTD Board of Directors voted to advance the
Southeast Rail Line Extension in Douglas County and
the bus rapid transit project between Boulder and
Longmont. The move was a key step in RTD's effort to
receive $92 million in federal funding for the
Southeast Rail Line Extension. Completion of the
Southeast Rail Line Extension would provide 2.3-miles
of additional light rail, two walk-up stations, and
move the end of the line station from Lincoln to
Ridgegate in Lone Tree. And, as a recommendation from
the Northwest Area Mobility Study, plans would be
developed on the bus rapid transit route along
Colorado 119.
RTD has
partnered with Car2go, a
car sharing program that operates a network of 400
vehicles in the Denver metro area. Members can use the
service 24-hours a day, seven days a week, and combine
it with bus or light rail for a convenient way to get
around town. As part of RTD's vision to enhance
multimodal transportation across the region, Car2go
vehicles can be found at 10 Park-n-Rides throughout
the metro area to help commuters get from point A to
point B.
Denver
City Council Member Jeanne Robb reports that the City
and County of Denver announced its preliminary
recommendation to implement Bus
Rapid Transit (BRT) on
the 10-mile Colfax
Avenue Corridor between
Auraria Campus and the Anschutz Medical Campus. The
recommendation comes after more than two years of
evaluating options to improve transportation mobility
that included input from the public. The proposed BRT
would dedicate one existing travel lane along Colfax
Avenue in each direction during the weekday morning
and evening peak hours for exclusive transit use. The
rest of the day and on weekends, buses would continue
to operate in the outside travel lane with traffic.
Utilizing the outside travel lane also minimizes the
potential impacts to on-street parking, which is
estimated to only impact a handful of spaces
throughout the entire 10-mile study area.
The BRT
system would include key features such as: upgraded
bus stops, real-time travel information, enhanced
street crossings, improved bicycle and pedestrian
connections, and more. In addition, new, upgraded BRT
buses (multi-door and low-floor boarding, off-bus
ticketing, etc.) would be branded for the corridor.
"Colfax
serves as a critical backbone of the city's
transportation network and has the highest bus
ridership in RTD's system," said Denver Public Works'
Director of Transportation, Crissy Fanganello. "BRT on
Colfax will offer an upgraded, cost-effective transit
experience that moves more people throughout the
corridor, helping meet existing and future travel
demand."
The
study evaluated multiple transit options, which were
narrowed down to BRT, Enhanced Bus (upgraded buses
without any exclusive lanes) and Modern Streetcar for
Colfax Avenue. The attractiveness of a BRT line along
Colfax Avenue is projected to provide comparable
transit ridership and end-to-end travel time savings
at about one-fourth of the cost of Modern Streetcar.
BRT is estimated to attract up to 43,000 daily riders
and Modern Streetcar could attract up to 45,000 daily
riders. Each service could save transit riders about
10 minutes on their end-to-end travel time. The cost
of the BRT system is estimated at around $115 million
whereas Modern Streetcar at $450 million.
After
considering input from the public, project partners
and regulatory agencies, the City plans to conduct a
more thorough environmental analysis, including an
evaluation of traffic conditions with the
implementation of the preliminary preferred
alternative.
https://www.denvergov.org/infrastructure/PolicyandPlanning/CurrentProjects/ColfaxCorridorConnections/AbouttheProject/tabid/443478/Default.aspx
RTD
district residents interested in volunteering on the FasTracks
Citizens Advisory Committee are
encouraged to submit a brief application letter and
resume to Dale.Honor@rtd-denver.comby the
close of business Oct. 17th. The 17-member committee
is comprised of citizens who have a passion for
community engagement and are interested in public
transit issues. Members are appointed to three-year
staggered terms.
http://www.rtd-fastracks.com/main_263
Check
Out RTD's new "Transit
Watch" App. If
you see something, say something! That's the idea
behind RTD's new Transit Watch program. When you
download this app to your smartphone, you can
instantly communicate with RTD's Transit Police. It's
free through Google Play and the App Store. The app
allows you to instantly report suspicious activity and
safety concerns, which helps keep our buses, trains
and facilities safe. Read more about Transit Watch
features.
http://www.rtd-denver.com/TransitWatch.shtml
Council Member Robb also
reports that the next public meeting for the Central
Denver Rec Center will
be on October 21st in the East High School Cafeteria.
This is your chance to view preliminary designs and to
meet the architects. The current programming proposal
for the center, based on stakeholder and public input
last spring, includes two basketball courts, a leisure
pool, an eight-lane competitive pool, large fitness
area, meeting/multi-purpose rooms, and a roof-top
deck. Our wish list includes an indoor walk/jog track
and a climbing wall. We'd love to have an indoor turf
field but that's $4 or $5 million over our budget at
this point. How can we make the most of this unique
urban site, complement East High School, and connect
to City Park?
Denver
City Council Members Mary Beth Susman and Jeanne Robb
report that Frank Cannon from Continuum updated the
community on their most recent changes to the master
plan for the 9th and Colorado project. The Denver
Urban Renewal Authority joined Continuum at the
meeting and provided an update on the progress being
made on the public finance package for the
redevelopment. Tracy Huggins, Executive Director of
DURA, walked through the process for tax increment
financing in the project and the anticipated schedule
for approving a tax increment package for the project.
DURA anticipates approvals of the Urban Renewal Plan
Amendment, Cooperation Agreement, and Redevelopment
Agreement early to mid-December this year.
Frank
discussed the current status of the master planning,
design and development efforts for the 26-acres site.
Taking into consideration the concerns of neighbors,
Continuum has added greenspace and public space near
the existing parking garage at the northwest corner of
the property. Frank also spoke about parking. Two
blocks of underground parking will be utilized, down
from three, and a parking garage has been added to the
south central block between Ash and Albion. This
garage is also programmed to have ground floor retail.
Frank also spoke to the financial constraints to
reusing the Bio-Research building. Unfortunately, it
is not financially feasible to save that building and
now it is planned to be demolished.
Some
recent changes also include adding northern access
into the site from 11th Avenue just east of the
parking garage. Continuum is interested in purchasing
the site between 11th Avenue and Hale Parkway, which
will mostly likely provide affordable and possibly
market-rate senior housing. In addition to a community
discussion on the character of the project design,
Continuum engaged the community in a dialogue on what
the project should be named. Continuum solicited ideas
from the community and has committed to working with
the community in the selection of the name. Continuum
plans two or three additional meetings before the end
of the year.
The Save
Our Sundial Concert on
Sunday, August 24th was a success with attendance by
Governor John Hickenlooper, Senator Michael Bennett,
Congresswoman Diana DeGette, Councilwoman Peggy
Lehmann, and former Councilwoman Marcia Johnson. An
estimated 300 residents enjoyed the park, live music,
food trucks, face painting and other activities and
the event raised over $46,000 received or pledged to
help restore the Sundial and the plaza!
Recently two different studies have been conducted
related to the High
Line Canal. One
study looked at the area of the canal from Fairmount
Drive east to Havana Street. Engineers were studying
the feasibility of using the canal for storm water
treatment and runoff reduction. Not only would
utilizing the High Line Canal help mitigate the
effects of severe storms, such as the one last
September, it would also help the canal retain
moisture levels more effectively. As a result, the
vegetation along the canal could have more access to
water, which would in turn allow for a more pleasant
walking/biking experience. Based on their study,
engineers were able to come up with an infrastructure
proposal and cost estimates. The municipalities along
the 60+ miles of the canal are now tasked with
evaluating the issues/risks of diverting storm water
to the canal and how to pay for the proposed
infrastructure.
The
second study was conducted to review improvements at
the intersections of the canal trail with busy
streets. One of the areas this study reviewed was
where the trail meets the intersection of Parker Road
and Mississippi Avenue. According to the study, over
300 users cross this intersection every day during the
summer. Due to the volume of trail users, the high
traffic counts on both Parker and Mississippi, the
delay that trail users experience when trying to cross
the intersection, and the level of accidents at the
intersection the study recommends alternatives to the
current situation. Those recommendations are an
at-grade improvement, construction of an underpass, or
a construction of a pedestrian bridge. Traffic
engineering is considering the alternatives and hopes
to come to a decision in the near future.
The 1st
and University intersection
closure to accelerate the paving operation was
successful. The closure also reduced prolonged
impacts to commuters, and supports an early start to
the holiday shopping season. As a result the storm
drainage and street reconstruction project will be
completed three weeks ahead of schedule on November
1st.
McWhinney plans to begin construction in December on Z
Block, a
$235 million mixed-use project in LoDo. The complex
will occupy the block bounded by 18th, 19th, Blake and
Wazee streets and will contain about 220,000 square
feet of office and retail space, 30,000 square feet of
retail and restaurant uses, a 400-space underground
garage and a 170 room hotel. McWhinney is developing Z
Block in a joint venture with Grand American, Inc.
which owns the property. The project will include
restoration of the historic Windsor Dairy Block.
Dallas-based Invesco bought The Verve, a 285-unit apartment
building that
recently completed construction in downtown Denver.
The ten-story building at 1490
Delgany Street was
developed by Opus Development and Amstar Group. The
sale price reportedly was $94,750,000, or about
$332,456 per unit. Moran and Company brokers Pam
Koster and David Martin handled the transaction, which
sets a per-unit sales record for Denver apartments.
The
Colorado Symphony Orchestra revealed plans for a $40
million upgrade of the Boettcher
Concert Hall at
the Denver Center for the Performing Arts. The
symphony's concept calls for using $20 to $25 million
of previously approved bonds with the balance to be
raised from community donors. The proposal will now be
considered by the City and County of Denver, which
owns the complex on 14th Street in downtown Denver.
Mayor Hancock will appoint an Executive Leadership
Team of arts leaders, planning experts and Denver
residents to launch a robust community input process
and help determine a comprehensive vision for the
Denver Performing Arts Complex and Boettcher Concert
Hall, Denver Arts & Venues announced today. The
Leadership Team will engage the community through
public meetings, outreach and telephone town halls in
order to provide a path forward for the continued
success of the arts complex. The city's Community
Planning and Development department will also help
coordinate a process to determine how the arts complex
will enhance the neighborhood, including the Colorado
Convention Center and parts of downtown adjacent to
the performing arts complex.
"This
is a once-in-a-lifetime opportunity to thoughtfully
look at a large-scale plan that impacts other public
spaces, conventioneers, the Auraria campus, vibrant
downtown entertainment districts and, truly, the
future of downtown Denver," said Kent Rice, Executive
Director of Denver Arts & Venues, which oversees the
Denver Performing Arts Complex, Colorado Convention
Center, Red Rocks Amphitheatre, Denver Coliseum and
other city venues and programs. "This is much larger
than any single venue, and we're looking forward to a
robust discussion of the creative opportunities."
The
former VQ Hotel near Mile High Stadium will be
converted into Turntable
Studios, a
175 unit apartment building. The 13-story building at
1975 Mile High Stadium Circle was built in 1967.
Nichols Partnership and Realty Capital Group will
convert the building into micro apartment units,
generally about 330 square feet in size. Construction
is expected to be completed by the end of 2015.
Construction is scheduled to begin this fall on Enviva
Cherokee, an
18-story apartment building at 1250 Cherokee Street in
the Golden Triangle neighborhood south of downtown
Denver. The developers are Charter Realty Group of
Denver and Integral Group of Atlanta. The building
will contain 274 units.
The
owner of the historic Rossonian
Building in
Five Points is finalizing plans to redevelop the
property. The current concept calls for a 120 room
hotel, 35 to 40 condominium units, two restaurants and
retail space. Sage Hospitality may join the project to
operate the hotel. The building was constructed in
1912 and was once home to a famous jazz club. The
property is now owned by Civil Technology.
The
founders of several Denver co-working spaces plan to
open Stride, a
collaborative office complex at 38th Street and
Brighton Boulevard in north Denver. Jason and Ellen
Winkler are converting a warehouse into office space
for health technology companies. Stride will also
serve as the center for Prime Health Collaborative, an
organization of health care administrators and
professionals. The Winklers expect the project to be
completed in the fall of 2015.
Stonebridge Companies bought the Rollnick
Building, a
27,620 square foot office property at 222 Milwaukee
Street in Cherry Creek North. NJG Investments LLLP
sold the 50-year old building for $8.1 million, or
about $293 per square foot. Newmark Grubb Knight Frank
brokers Dan Grooters and Riki Hashimoto were agents
for the seller. Stonebridge is primarily a hotel
developer and operator.
Dividend Capital Diversified Property Fund purchased
two office buildings in Cherry Creek East. The
buildings at 44 Cook Street and 55 Madison Street,
known collectively as 1st
Avenue Plaza, were
acquired for $75 million, or about $286 per square
foot. The buildings contain 262,000 square feet of
space.
Several
principals and brokers associated with Unique
Properties LLC-TCN Worldwide bought the former
Girl Scouts headquarters at
400 South Broadway. The 17,695 square foot building
was acquired for $3.7 million, or about $209 per
square foot. After extensive renovation Unique
Properties will move to the building by mid-2015. The
seller was represented in the transaction by JLL
agents Ryan Arnold and Tyler Reed.
Construction on a $19 million renovation of the
historic former Byers
Junior High School building
was completed. The 93-year old building is located at
150 South Pearl Street and had been vacant for ten
years. The school has been converted into a fifth
campus for the Denver School of Science and Technology
and will reopen for students August 27. Funds for the
construction were provided from voter-approved bonds
for the Denver Public Schools.
EverWest Real Estate Partners bought the former Gates
Rubber Company headquarters buildings in south Denver
for an undisclosed sum. The 318,053 square foot
property, now called The
Offices at Broadway Station, is
located at 900 and 990 South Broadway and 202 East
Tennessee Avenue near the RTD Broadway light rail
station. The seller was Chicago-based Walton Street
Capital, which was represented by John Jugl, Angela
Lentell and Mary Sullivan of HFF.
The former
Gates Rubber Company plant site on
South Broadway was sold to Frontier Renewal for an
undisclosed amount. The Denver-based redeveloper of
brownfield sites plans to complete the environment
cleanup of the 41-acre tract, create a land use plan
and prepare the site for construction. The former
Gates plant is located on South Broadway between
Mississippi Avenue and I-25.
Delwest
Capital began construction on Park
Hill Station, a
156-unit affordable apartment project at 4055 Albion
Street in northeast Denver. The apartments will be
close to RTD's East line commuter rail station at
Colorado Boulevard that will open in 2016. Delwest
recently completed construction on Park Hill 4000, a
168 unit market rate community across Albion Street
from Park Hill Station.
Los
Angeles investment firm IMT Capital LLC bought Alameda
Station, a
338-unit apartment community at West Alameda Avenue
and South Cherokee Street in south central Denver. The
transit-oriented project near RTD's Alameda light rail
station was developed by Wood Partners. The sale price
was not revealed.
Chatham
Lodging Trust bought the Hyatt
Place hotel in
Glendale for $32 million, or about $165,000 per room.
The eleven-story hotel is located at 4150 East
Mississippi Avenue, adjacent to the taller Rocky
Mountain Tower office building.