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February-March 2014   

 

First save the date - The 18th Annual Denver Cherry Creek Rotary Open Golf Tournament - July 31, 2014 - great cause.  More at:

 

http://cherrycreekrotary.org/fundraisers-golf.htm

 

Excitement is in the air as we prepare for the grand opening of the Union Station Bus Concourse on May 9. Part of the Union Station Transit Center, this sleek, modern bus facility will serve 16 distinct routes, including the new Free MetroRide and provide easy connections to light rail, Amtrak, and (in 2016) commuter rail in one convenient location. The 22-gate underground bus concourse stretches nearly 1,000 feet beneath 17th Street, Chestnut Place and Wewatta Street, including a welcoming 800-foot concourse for pedestrians, commuters, and tourists.

 

http://www.rtd-denver.com/UnionStation.shtml

 

The debut of the new 22-bay, underground bus facility will take place at a grand opening celebration Friday, May 9. Denver-area residents are invited to attend the festivities, which will begin with a ceremony and ribbon-cutting at noon. A community festival will follow. Service at the new bus concourse will commence officially Sunday, May 11, when Market Street closes permanently. On Monday, May 12, RTD will introduce a new, no-fare bus service in downtown Denver called the Free MetroRide, which will complement the 16th Street Free MallRide and travel along 18th and 19th streets. More at:

 

http://www.rtd-fastracks.com/dus_8

 

http://www.rtd-fastracks.com/dus_1

 

http://www.rtd-fastracks.com/ddc_1

 

The Denver Union Station Project Authority, a partnership of the RTD, the City of Denver, CDOT and DRCOG financed the Union Station project by adapting federal railroad finance programs in ways never before used.  More at:

 

http://online.wsj.com/news/articles/SB1

 

And watch a new video on the overall FasTracks project at:

 

http://www.rtd-fastracks.com/ep3_48

 

The Denver metropolitan region leads the pack nationally when it comes to relying on transit to get into the city core.  Commuters traveling into downtown Denver use transit more and drive alone less than the average U.S. commuter, according to the Downtown Denver Partnership's 2013 transit survey. Tami Door, president and CEO of the partnership, told a local business newsletter that by highlighting the survey's findings "we can reinforce downtown Denver's role as a regional transportation hub."  The survey indicates that 46 percent of respondents use transit to get to work in downtown Denver and 38 percent drive into town alone.

 

On July 12th the historic train station building will reopen after months of renovation and assume its place as Denver's multimodal transit hub and a game-changing facility that might entice even more people to ride a bus, bike or train to work instead of sitting in gridlocked traffic.  Larimer Associates announced the identities of additional tenants that will occupy retail space in the restored Denver Union Station. The company is part of a team that is renovating the historic station into a $500 million transportation hub. In addition to a 112-room Crawford Hotel, the center will have a variety of restaurants and retailers centered around the train hall. The latest retailers announced include a Tattered Cover book store, Milkbox Ice Creamery, Pigtrain Coffee, Bloom, Eatmore Burgers and Brats, Fresh Exchange, Cooper Lounge and the Terminal Bar. Amtrak returned its passenger rail operations to Denver Union Station on February 28. Amtrak's two daily passenger trains, the east and west-bound California Zephyrs, have been operating from a temporary facility at 21st and Wewatta Streets while Union Station has been redeveloped into a transportation hub for metro Denver, including RTD bus, light rail and commuter rail service.

 

And as if that's not enough, residents of metro Denver's northern communities-Commerce City, Thornton, Northglenn and Adams County -will have more transit options in the not-so-distant future. RTD broke ground March 20 on the first 12.5-mile phase of the North Metro Rail commuter line. Commuter rail operates with modern, urban passenger trains that are bigger, heavier and faster and are designed to travel longer distances than light rail trains. At a ceremonial groundbreaking for the project, Colorado Gov. John Hickenlooper, U.S. Rep. Ed Perlmutter, Denver Mayor Michael Hancock and other local dignitaries attended the gathering of 300 people and spoke about the benefits and revitalization the North Metro Line is expected to bring to the metro area. The line is expected to open in 2018.

 

RTD will be closing the remaining parking lot at the Alameda Station Park-n-Ride facility on Sunday, April 6, including the dirt lot. The bus turnaround loop will also be permanently closed. Light rail service into Alameda Station will continue to operate normally, however bus routes 3, 34 and 52 will be rerouted with bus stops on S. Cherokee St. There will be limited parking still available at the Broadway Marketplace Park-n-Ride lot located 100 yards to the east of Alameda Station and along W. Virginia Ave. between S. Cherokee St. and S. Bannock St. Alternate stations nearby with ample parking include the I-25/Broadway Station, or the W Line's Decatur/Federal Station, located at 1310 N. Federal Blvd., where 1,100 parking spaces are situated. The W Line serves the Auraria campus and downtown Denver with stops at Auraria West, Sports Authority Field at Mile High, Pepsi Center/Elitch Gardens, and Denver Union Station.

 

RTD, the City and County of Denver, the Denver Urban Renewal Authority, and D4 Urban (a real estate company) are collaborating on a Transit-Oriented Development (TOD) pilot project to transform the Alameda Station area into an integrated, walkable community with the station as its centerpiece.  After construction is finished, Alameda Station will have an enhanced plaza, new bus waiting areas, and more accessible routes linking the station to the surrounding community.  Watch for development plans soon from D4 at:

 

http://d4urban.com/our-projects/

 

The Road Ahead, Transportation Solutions' annual event was attended by some 230 at Infinity Park Event Center in Glendale on March 27th. The event titled "Designing for Density: Implementing Transportation Solutions" featured Victor Dover, a nationally known architect and author of the new book "Street Design." If you're interested in how the design of living streets is adapting to trends in real estate development, The Road Ahead portion of the event will be rebroadcast on Denver Channel 8:

 

*        April 12, 8 pm

*        April 17, 5:30 pm

*        April 20, 10 am

*        April 24, 9 pm

 

Designing for Density will be rebroadcast:

 

*        April 5, 8 pm

*        April 10, 10 am & 9 pm

*        April 24, 10 am

 

More about the Road Ahead and Transportation Solutions at:

 

http://www.transolutions.org/roadahead/

 

 

DenverUrbanism reports as Denver considers the possibility of streetcars on Colfax, it may be informative to learn about what other cities have accomplished.  More at:

 

http://denverurbanism.com/2014/04/portlandseattlestreetcars.html

 

Denver City Council Member Mary Beth Susman reports that The PeopleForBikes' Green Lane Project selected Denver as one of six new cities to join its intensive two-year program to build better bike lanes. Denver will receive financial, strategic and technical assistance to increase the vitality of the urban fabric of our city streets through building protected bike lanes. Protected bike lanes are those that have an actual physical barrier between the bike lane and traffic lanes for automobiles. This can include separating traffic through the use of curbs, planters, parking lanes or posts.

 

The first lane will be installed along 15th Street as an element of vertical separation is added on the bikeway. By designing facilities that are attractive to a growing number of people, Denver hopes that 15% of commuting trips will be made by biking and walking by 2020. Protected bike lanes bring predictability to busy City streets allowing drivers and pedestrians to know where to expect bikes, which leads to a 50% reduction of bicycle related injuries. You can find a link to the Green Lane Project here.

 

http://www.peopleforbikes.org/green-lane-project

 

Denver City Council Member Jeanne Robb updates us on several aspects of the Cherry Creek area:

 

Land Use - The seventh meeting of the Technical Task Force working to create new zoning for the Cherry Creek Business District will be held Tuesday, April 22nd from 5:30 to 8:30 in the basement conference room at 299 Milwaukee (use the parking lot entrance please).  While these are Technical Task Force meetings, they are open to the public and by the way, they are indeed technical!  Thanks to the task force members who have worked so hard at the process.  Last month CCNNA President Wayne New, architect Jonathan Saiber (business owner and Cherry Creek resident), and landscape architect Chris Dunn (BID and Design Review Board member) presented testing of various concepts that the task force has put forward.  Their efforts informed and complemented the city's presentation.  Since the March meeting, city staff has reached out to property owners in the district whose property has zoning other than Cherry Creek zoning to see who wants the Task Force to consider including such property in the new Cherry Creek zoning.  The task force will be discussing final revisions to earlier concepts and the zone map at the April meeting.

 

Transportation - With the leadership of Transportation Solutions Executive Director Rich McClintock, RTD Director Bill James, and former RTD Director Bill Elfenbein, RTD agreed to study the bus connections to downtown.  Their report recommended combining the two lines that run along Leetsdale, First Avenue, and Speer Blvd to Civic Center Station at 16th and Broadway.  All buses serving this route would have the same number for easy identification and 10 minute lead time will be provided at peak hours. 

 

RTD is now preparing to implement this change which could take affect late this year or early 2015.  The report also recommended branding bus stops along the line to identify that they connect vital retail, cultural, and entertainment areas from downtown to the Golden Triangle to Cherry Creek to Glendale.  At the same time, there is much discussion of a private/public shuttle between Cherry Creek and Denver Union Station by the time the east line opens in 2016.  More at:

 

http://www.transolutions.org/connector/

 

Economics - The Cherry Creek North BID Quarterly Economic Indicators is a comprehensive analysis of economic conditions in the CCN BID. The report for the third quarter of 2013 reveals a retail sales tax increase of 12.1 percent compared to 2012. Employment for retail-related businesses in the CCN BID also increased by 155 jobs.

 

Infrastructure - And to keep those economics strong, please "pardon our progress" as Cherry Creek faces a major storm water project at First and University.  This is a badly needed project for the greater Cherry Creek area transmitting the storm water that flows to Cherry Creek along the University Outfall.  In the 10+ years I've been in office, my staff and I have visited with property owners in Country Club, Cherry Creek North residential, and the Cherry Creek business area whose basements, garages or stores have been flooded during major storms.  As small homes and large yards have been replaced in the area with larger homes with smaller yards, there's less permeable area for the water to sink into, so we have to carry it in larger storm pipes to the Creek. The Cherry Creek Improvements project includes storm sewer improvements on University Boulevard from Cherry Creek North Drive to East 2nd Avenue and Josephine Street and street reconstruction of University Boulevard from Cherry Creek Drive North to East 6th Avenue. More at:

 

http://cherrycreekimprovements.com/

 

April 12th & 13th - Doors Open Denver (DOD) is an annual celebration of Denver's built environment and design sponsored by the Denver Architectural Foundation. The two-day, free event allows residents and visitors to visit the beautiful buildings they see every day but may never have entered.  Expert tours also are available at many venues providing history and context for the sites.  DOD allows the public to truly experience and develop a new appreciation for Denver's rich architectural landscape. It also helps build a sense of community by opening up the doors of Denver to everyone.  2014 marks the 10th anniversary for DOD. Event information may be found at:

 

www.DoorsOpenDenver.com

 

An affiliate of the Trammell Crow real estate empire acquired the Brown Palace Hotel in downtown Denver. Crow Holdings Capital Partners LLC bought the historic hotel and an adjacent Comfort Inn for an undisclosed price from a investor group known as the Brown Palace Joint Venture. The 121-year old hotel is located at 321 17th Street while the Comfort Inn is across Tremont Place. The two hotels have a combined total of 472 rooms. Quorum Hotel Advisors will continue to manage the properties.   

 

Continuum Partners announced plans to develop a $98 million hotel and office building adjacent to Denver Union Station. The project will be located on the east corner of 16th and Wewatta streets and will have direct access to the station platforms. The hotel, operated by Kimpton, will be twelve stories tall and contain 200 rooms. The office building will have 53,000 square feet, including ground level retail space. An underground 210 space garage will serve the buildings. Continuum plans to begin construction in June with completion in late 2015.

 

Zocalo Community Development and its partner Principal Real Estate Investors sold Cadence, a 219-unit apartment building on which construction was completed in December of 2013. The 13-story building is located at 1920 17th Street, about a block west of Denver Union Station. The buyer was an institutional client of Invesco Real Estate. A sale price was not announced, although the article quotes $70 million as the reported price, which, if accurate, would equate to about $320,000 per unit. Zocalo will continue to manage Cadence. 

 

East-West Partners began construction on the Triangle Building near Denver Union Station. The ten-story, 200,000 square foot office building is located at 1550 Wewatta Street. Completion is scheduled for May of 2015. 

 

Denver Mayor Michael Hancock named Brad Buchanan as the new director of Community Planning and Development. Buchanan is a principal at the architectural firm of RNL Design and a former chairman of the Denver Planning Board. The current director, Rocky Piro, suddenly resigned the position after a year in office. Buchanan assumed the director's position in March. 

 

Hampton Partners purchased the retail section of Riverfront Park for $10,450,000. The 32,059 square feet of shop and restaurant space is located in three residential condominium buildings on Little Raven Street at the Millenium pedestrian bridge that were developed by a partnership of East West Partners and Crescent Real Estate. The property was listed by Marcus and Millichap broker Jon Hendrickson.

 

Details and architectural renderings were revealed for Z Block, the mixed-use office, retail and apartment project planned for a site in LoDo. The property will be developed by McWhinney and Grand American on a parcel generally bounded by 18th, 19th, Blake and Wazee streets with construction scheduled to begin in late 2014. The project will contain 260,000 square feet of office, retail and restaurant space in a building fronting on Wazee Street and 70 apartment units with ground floor retail space on Blake Street. 

 

The City and County of Denver will convert two blocks of 18th Street in LoDo from one way traffic to two way this summer. The change is to help accommodate development activity near Denver Union Station and is part of an overall study of which central Denver streets may be converted to two-way traffic. 

 

The long deferred second office tower at Tabor Center in downtown Denver is now being marketed by Callahan Capital Partners. The new design for the Two Tabor Center building at 17th and Larimer streets calls for about 700,000 square feet of office space to be contained in 31 floors. Depending on leasing activity construction may begin as early as late 2014. 

 

Shea Properties filed plans with Denver planners for 999 17th Street, a mixed-use project in downtown Denver. The project would contain a nine story office building, 360 apartment units and about 20,000 square feet of retail space. A construction schedule was not revealed. Shea originally proposed a mixed-use project for the site in 2007 but postponed development due to the Great Recession in 2008.

 

The Governor's Park apartment building at Pennsylvania Street and East 6th Avenue in Capitol Hill was acquired by an undisclosed private investor. The 53-unit building was sold for $7,650,000, or about $144,000 per unit. ARA brokers Robert Bratley, Andy Hellman and Justin Hunt handled the transaction.

 

Trammell Crow Residential plans to develop Alexan Uptown, a 372-unit apartment building in downtown Denver. The twelve-story building will be located on the west side of Logan Street between East 19th and East 20th avenues. Pending approval by Denver planners the Dallas-based company expects construction to begin by the end of 2014.

 

The City and County of Denver allocated $19,270,000 to renovate the Boettcher Concert Hall in the Denver Performing Arts Center on 14th Street in downtown Denver. The renovations, which are funded mainly from voter-approved bonds, will begin in the summer of 2015. The work will be oriented to internal improvements, including HVAC and plumbing features and improving pedestrian access. While work is underway the Colorado Symphony Orchestra will move to another as yet undetermined performance venue.  

 

AAA Hotel Developers acquired 333 West Colfax Avenue, a vacant office building in downtown Denver. The Pueblo-based company paid $3,950,000 for the 44,916 square foot building, on which it will add two floors in a conversion to about 100 hotel rooms. The construction timing is based on planning approvals from the City and County of Denver. An operator has not yet been announced. The seller was affiliated with American Real Estate Holdings. NAI Shames Makovsky brokers Darrin Revious and Ana Sandomire represented the seller in the transaction.

 

The former Kacey Fine Furniture building in downtown Denver was purchased by Kroenke Sports and Entertainment. The vacant seven story building is located at 1201 Auraria Parkway, across the street from the Auraria higher education campus. Channing, Inc. sold the 110-year old building for $5,450,000, or about $82.00 per square foot. Kroenke expects to renovate the 66,207 square foot building for office uses. The seller was represented by Al Hoppa of Denver Industrial Realty. Brokers for the buyer were Darrin Revious and Todd Silverman of NAI Shames Makovesky.

 

The Colorado Department of Transportation is starting a major project to reconstruct a busy section of West 6th Avenue in west Denver. The project, which will be completed in late 2015, involves the replacement of several bridges and the creation of new lanes and traffic patterns at the I-25 interchange. In conjunction with the City and County of Denver, the CDOT efforts will include sidewalk improvements and work on Barnum Park. Initial work involves the demolition of bridges at Knox Court and Federal Boulevard. The highway was opened during World War II as a connection to what was then a munitions plant on today's Federal Center. Many of the bridges and roadway sections date from that time. 

 

Denver's Kirkland Museum of Fine and Decorative Art will build a new facility near the Denver Art Museum in downtown Denver. The museum, which specializes in art, furniture and household items by international designers, acquired a site at West 12th Avenue and Bannock Street, a block south of the Denver Art Museum and the Clyfford Still Museum. The new building will contain about 19,000 square feet of display space, about double the amount currently available at the museum's East 13th Avenue and Pearl Street building. Construction is being funded entirely by the Chamber Family Fund. 

 

Several aspects of the redevelopment of the former St. Anthony's Central hospital site in west Denver were announced. Trammell Crow Company was previously reported to be planning Alexan at Sloan's Lake, a 373-unit apartment community at West 16th Avenue and Raleigh Street. Larimer Associates and L. C. Fulenwider plan to redevelop the existing Kuhlman Building as a 52-room hotel with possibly 5,000 square feet of retail space and 75 apartment units. Weston Capital and Littleton Capital Partners will renovate an existing 50,000 square foot office building on West Conejos Place and add a 31,000 square foot Alamo Drafthouse Cinema. The overall redevelopment has been named Sloans.   

 

The City and County of Denver awarded $475,000 in design and planning grants for five development projects in the Welton Street corridor of Five Points. The largest projects included the possible renovation and expansion of the historic Rossonian Hotel into 64 apartment units and Palisade Partners' plans for a 96-unit residential project at 25th and Welton streets. 

 

The Denver Museum of Nature and Science opened its new 126,000 square foot expansion. The $70 million wing will contain exhibition space, classrooms, studios, research facilities and collection storage. Partial funding for the expansion was approved by Denver voters in 2007. The museum, which is now one of the four largest of its types in the US, is located at Colorado Boulevard and East Montview Boulevard in City Park. 

 

A study of housing demand by the residential research firm Redfin ranked Denver's City Park neighborhood as one of the best locations for housing sales in 2014. The company studied housing demand and local factors such as schools, commuting time and pricing. Other highly rated neighborhoods, primarily urban in nature, were in San Francisco, Los Angeles, Atlanta, Washington, Las Vegas, Austin, Seattle, Chicago and Portland. 

 

An investment entity affiliated with the Blackstone Group acquired the Retreat at the Park, a 240-unit apartment community in east Denver. The project was purchased from the Michelson Organization, which owned the property since 2007. BRE Retreat at the Park Apartments LLC paid $57,950,000 for the property at 1600 Fillmore Street, or $241,458 per unit. The Denver acquisition was part of a larger portfolio of properties in the southeast and Texas.

 

The Picerne Group plans to develop the Residences on 16th, a 180-unit apartment building near City Park. The California-based developer acquired a site on East 16th Avenue at Milwaukee Street.

 

The Taubman Company announced plans to redevelop a vacant former department store in the Cherry Creek shopping center. The 1.1 million square foot center is located on East 1st Avenue between Steele Street and University Boulevard and is anchored by Macy's, Nordstorm's and Neiman-Marcus. The vacant former Saks Fifth Avenue space contains 90,000 square feet and has been vacant for three years. The redevelopment will include a 53,000 square foot flagship Restoration Hardware store, a retailer that will move from much smaller quarters in the center. Redevelopment will open the center's vacant wing to the street and will connect to Fillmore Plaza on the north side of East 1st Avenue. Construction is expected to be completed by the end of 2015.  

 

The Cherry Creek News reports that BMC Investments ("BMC") has announced the design of Steele Creek, a 232-unit residential building on the Southeast corner of 1st Avenue and Steele Street in Cherry Creek. The building will have over 16,000 square feet of ground floor retail space which includes one large space with over 13,000 square feet fronting Steele Street. The building is designed by renowned architecture firms The Housing Studio and Rottet Studio, both of which is their inaugural Denver project. The building's program consists of 232 rental units of different scales situated on a podium with pedestrian oriented, streel level retail spaces.  The building will be a first in Denver in that it will be the first high-rise rental building to be programmed like a 5-star hotel and combine a majority of the façade being glass, the units being of condo-quality finish, unparalleled views to the West, a roof-deck pool atop of the 12th floor with a hot tub, bar, BBQ's, and cabanas, and an irreplaceable location in the heart of Cherry Creek. The unique design combines the advantages of compactness and efficiency of a courtyard building providing density, and a sense of intimacy and security, with the airiness and the expansive views of a high-rise. With these attributes, Steele Creek is going to set the bar for luxury rental living in Colorado.

 

Planning has begun on the design for the proposed Central Denver Recreation Center. The building, which was approved by Denver voters as part of the Better Denver bonds vote several years ago, will be located at the northeast corner of East Colfax Avenue and Josephine Street. Plans tentatively call for a 60,000 square foot, two story building with swimming pools, fitness center, a gymnasium, classrooms and child care facilities. The $25 million cost is being partially financed by funds from the sale of the RTD Market Street Station, which is being vacated with the move of RTD buses to the new Denver Union Station bus terminal.

 

Denver District Court Judge R. Michael Mullins rejected a suit intended to stop development of a mixed-use office, retail and condominium building at 245 Columbine Street in Cherry Creek North. The legal action was filed by the Cherry Creek North Neighborhood Association against developer James Sullivan after the project was approved by the Denver Planning Board and Denver City Council. Sullivan plans to file building permit applications shortly, with construction due to begin soon after approvals are given.  

 

Boulder Running Company will open a 17,471 square foot flagship store in Denver. The store will occupy a vacant space in the Cherry Creek shopping center at 2500 East 1st Avenue. The space was formerly occupied by Cost Plus World Market, which moved to another location in Glendale two years ago. The Boulder Running store is scheduled to pen in February. 

 

Anna and John Sie donated $17 million to the University of Denver for construction of a 43,000 square foot building that will house the Josef Korbel School of International Studies. The building will be adjacent to two others that will form the Anna and John Sie International Relations Complex. DU expects to begin construction this summer.

 

The Denver Planning Board approved a rezoning request that would allow construction of a five-story residential building in University Park. The site is on South University Boulevard near East Harvard Avenue. The rezoning request was filed by the landowner, Nodef Colorado, a subsidiary of Tessler Developments. No specific development plans were announced for the site. The rezoning ultimately must be approved by the Denver City Council.

 

A Denver City Council committee agreed to submit to the full Council a contract to develop a plan for restructuring the National Western Stock Show and Denver Coliseum properties in north Denver into an educational and events center. The process will be coordinated by Parsons Brinckerhoff as a cost of $746,000. A public-private partnership of the stock show, Colorado State University, the Denver Museum of Nature and Science and History Colorado is working to develop a funding plan.  

 

An investment entity sponsored by Red Peak Properties bought a group of apartment buildings in east Denver. The properties on Dahlia and Dexter Streets north of East 8th Avenue are adjacent to the former University of Colorado medical center which is scheduled to be redeveloped by Continuum Partners into a residential, office and retail mixed-use community.  The buildings contain 141 units and were sold to Hilltop Residential LLC by Cardinal Group Moana LLC for $17.3 million, or about $122,000 per unit. 

 

Continuum Partners was selected by University of Colorado Regents to redevelop the former CU Medical Center site in east Denver. The 25.9 acre property has been vacant and derelict since the new CU Medical Center opened in Aurora in 2006. Continuum, a Denver-based company with extensive experience in mixed-use development, is under contract to acquire the property for $30 million, or about $115,000 per acre. Continuum plans to develop the site with office, residential and retail uses. The property is generally bounded by Colorado Boulevard, Clermont Street and East 8th and East 11th avenues.

 

Continuum's proposal includes a range of residential, office, and retail spaces, underground parking, open space, walkability and other features that we were hoping for the site. The closing date is expected to occur in December and Continuum expects the project to take about 5 years. The developer is setting up meetings with neighborhood organizations so please watch for your RNO notices for your chance to meet and discuss with them.   The conceptual master plan for the site is available at:

 

http://gallery.mailchimp.com/30889e946667c0d7482498930/files/9th_CO_concept_plan.pdf

 

Council Member Susman reports that the new Trader Joe's store at 8th / Colorado Boulevard has now assigned three attendants directing traffic in and out of their lot. One is stationed at the front entrance on Colorado and one at Albion. They are stationed there from 9:00am- 7:00pm. To minimize noise and added congestion they have also limited deliveries. There are no deliveries before 7:00am and no trucks whatsoever after 10:00pm. They are installing speed limit signs down the alley to try to curb aggressive/speedy drivers exiting that route.

 

Public Works' strategies to address the parking include the installation and enforcement of no parking signs near street corners and near public/private driveway entrances to ensure adequate visibility for pedestrians, cyclists, and vehicles navigating the area. They have received numerous requests to revise the current parking management strategies in this area, and they will monitor conditions and evaluate potential changes. Prior to opening, Public Works collected baseline parking inventory data for the area and they will conduct another study of on-street parking demand in a few months to determine if a comprehensive revision to the current parking management strategy is appropriate. Short term, parking enforcement will continue to regularly enforce the posted time limits, no parking areas, and general safety and access around Trader Joe's.

 

All employees of Trader Joe's park on the CU campus. I spoke with the developer of the apartment houses at 8th and Clermont who mentioned that the parking structure there may be available in a few months.

 

Trader Joe's expects the 7th and Logan store to open in the next six months which may reduce some of the demand on 8th and Colorado.

 

Rosemark Development Group is developing Avenue 8, an apartment complex in the Mayfair neighborhood of east Denver containing 163 apartment units. The site will also include Rosemark at Mayfair, an 88-unit assisted living and memory care building co-owned with Pomeroy Living. The project will occupy a two-block site bounded by East 8th and East 9th avenues and Ivanhoe and Jersey streets and will cost approximately $50 million, replacing four older buildings previous used for student housing. 

 

Construction is set to begin shortly on an $8 million pedestrian and bicycle bridge over I-25 in southeast Denver. The bridge will connect the Colorado Center office and retail complex south of the freeway to office and residential areas to the north, allowing pedestrians and cyclists better access access to the Colorado Center RTD light rail station. Funding for the bridge comes from the City and County of Denver capital improvement budget and the Federal Transportation Improvement Program. Completion is scheduled for the summer of 2015.

 

The Lowry Redevelopment Authority selected four home builders to construct single family houses at Boulevard One, the final phase in the redevelopment of the former US Air Force base in east Denver. Berkeley Homes/Harvard Communities, Infinity Homes, New Town Builders and Wonderland Homes will construct the initial 75 houses in the 70-acre development south of East 1st Avenue between South Quebec and South Oneida streets. Sale prices are expected to be in the range of the $400,000s to $900,000s. Construction is scheduled to being in the summer. Boulevard One is being developed on the  site of a former Department of Defense office complex. It will ultimately contain about 350 for-sale units, 450 apartments and up to 200,000 square feet of office and retail space.  

 

 
 

 

 

 


 

 
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