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ULI Presentation – Shifting Suburbs OLDE TOWN ARVADA TOD August 29, 2013

ULI Presentation – Shifting Suburbs OLDE TOWN ARVADA TOD August 29, 2013. A Design That Meets The Vision. Dense Designed as urban, dense, and pedestrian oriented Mixed use A mix of uses supporting a vibrant street oriented development Quality

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ULI Presentation – Shifting Suburbs OLDE TOWN ARVADA TOD August 29, 2013

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  1. ULI Presentation – Shifting Suburbs OLDE TOWN ARVADA TOD August 29, 2013

  2. A Design That Meets The Vision Dense • Designed as urban, dense, and pedestrian oriented Mixed use • A mix of uses supporting a vibrant street oriented development Quality • Quality contemporary design supportive of OldeTown’s character Connected • Connected and grid oriented with activated street edges Structured parking • Strategy to structure parking for all uses on site Sustainable • Sustainable site and buildings to meet LEEDcriteria Option A Option B

  3. Option A Program RTD Stand Alone Garage • 400 Parking spaces at Wadsworth/Grandview (3 levels) • Bus Facility on Tiller Lot Site Apartments • 250 Residential Mixed Use(RMU) Units • 182 Micro Residential Units Hotel at Vance • 108 Hotel rooms Retail • 46,000 SF

  4. Option B Program RTD Bus Station with Parking combined at Station • 400 – 700 Parking spaces • 8 Stall Bus Facility Hotel at Vance • 105 Hotel Rooms Apartments • 300 Residential Units • 162 Micro Residential Units Retail • 28,500 SF

  5. Early Phase • Block 1- Multi-modal transit facility at the Station. • Block 2 and/or 3 - At grade “micro-housing” and multi-family development along 56th Avenue. • Block 6 - Small retail or commercial office development along Wadsworth • Block 4 - Limited service hotel use along Vance • May incorporate interim surface parking solution

  6. Later Phase • Block 4 – Limited Service Hotel Use along Vance • Block 5 - Multi-family housing on a parking podium along Grandview and Wadsworth. • Accommodate parking for adjacent uses as required if land being used for interim surface parking

  7. Observations • Olde Town Arvada is one of the premier TOD sites in the Denver metro area. Not just a TOD but a revitalized mixed-use district • Advanced planning by community enhances feasibility • Prior agreements among governmental entities regarding infrastructure, entitlement processes and development incentives enhances market feasibility • Structured parking in suburban locations is generally not financially feasible • Public ownership of land, tax increment financing, metro districts and other financing strategies are in place or proposed to support public-private partnership • Market feasibility is enhanced once the transit elements and public infrastructure are completed • There are usually no simple, one phase, predictable development plans or strategies • Agreements with governmental entities and planning/development strategies need to be adaptable and flexible to reflect changing markets and conditions • Preserve opportunities for more financially robust markets as the Station opens and the TOD grows and matures with effective phasing strategies • TOD development should support and connect with adjacent land uses and contribute to healthy communities

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