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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