DENVER | Main Development Thread #6

[wong21fr]

Originally Posted by TakeFive

"National Western Stock Show would get extreme makeover under redevelopment plan"
Such an enticing headline from the DBJ article by Cathy Proctor HERE.


Is it possible that this is being met with a big collective yawn? Terrific vision and Big Public Works project but this looks to be one tough nut to crack. The early cost guesstimate of $500 million is still the starting point.

Makes one wonder if the original idea of moving/building a whole new facility out by DIA wasn't more realistic?

The City's behind it, CSU is behind it, the Stock Show is behind it. It'll happen. There's not a ton of talk because no one is saying how it will be paid for. Yet.

F**k moving it out to DIA, anything that would give the Gaylord Hotel more traffic is something that needs to be discouraged.

[wong21fr]

Originally Posted by bunt_q

Ryan got promoted, officially! I think we need a forum drinking session to celebrate. Of course, he can no longer attend meets. It's not smart to socialize with one's superiors.

I'm all for the drinking, but is he now the superior or is it the other way?

Oh, and congratulations to Ryan for getting promoted in some form or fashion!

[EngiNerd]

Originally Posted by wong21fr

The City's behind it, CSU is behind it, the Stock Show is behind it. It'll happen. There's not a ton of talk because no one is saying how it will be paid for. Yet.

F**k moving it out to DIA, anything that would give the Gaylord Hotel more traffic is something that needs to be discouraged.

I wonder if they would let me go light a match and burn down the room where I took the P.E. exam in before the demolish it...that would make everything worth it.

[bunt_q]

Originally Posted by EngiNerd

I wonder if they would let me go light a match and burn down the room where I took the P.E. exam in before the demolish it...that would make everything worth it.

I second that. Horrible test room. (I took the bar at the merchandise mart, though, and that was not really any better.)

[bunt_q]

Originally Posted by wong21fr

The City's behind it, CSU is behind it, the Stock Show is behind it. It'll happen. There's not a ton of talk because no one is saying how it will be paid for. Yet.

Maybe CSU should put their new boondoggle of a football stadium there. Would probably help attendance.

[RyanD]

Originally Posted by bunt_q

Ryan got promoted, officially! I think we need a forum drinking session to celebrate. Of course, he can no longer attend meets. It's not smart to socialize with one's superiors.

Originally Posted by wong21fr

I'm all for the drinking, but is he now the superior or is it the other way?

Oh, and congratulations to Ryan for getting promoted in some form or fashion!

Oh hey thanks! You guys are always too kind. As far as the celebration activities, I have no boundaries in the workplace. Superiors, CEOs, psh, we're all plebs in the grand scheme of things.

And celebration will have to wait until after I have my saucy love affair with Los Angeles.

[EngiNerd]

Originally Posted by TakeFive

That Was Quick


From the linked DBJ article:


I'll Take It; A Win is a Win
That said, it reminds a bit of the big GE solar deal announcement from a few years ago that never came to fruition. But even if speculative, "nothing ventured, nothing gained."
I'm sure we all wish them great success.

bunt_q... You want nice TOD? The Plan for the Pena Boulevard Station looks decent to me.

per civitasinc.com

This article has a another rendering too

http://insiderealestatenews.com/2014/12/19/panasonic-lands-near-dia/


Hancock's plugs for his "Aerotropolis" pet project makes me chuckle

"This is without question the catalytic opportunity we've been waiting for," Hancock said, adding that it could jump start the regional "aerotropolis" concept for developing land around DIA.

"It marks a giant step forward for the Corridor of Opportunity between Downtown and DIA and for our growing aerotropolis,” Hancock said.

[PLANSIT]

Looking forward to 2015, LIKELY construction 'starts' should include:

1 Building total > 600 FT (1144)
5 Buildings total > 300 FT (1144, Confluence, 1401, Country Club I, Country Club II)
8 Buildings total > 200 FT (1144, Confluence, 1401, Country Club I, Country Club II, Skyhouse, Dual Brand2, Colorado Center 3)
14+ Buildings total > 100 FT (1144, Confluence, 1401, Country Club I, Country Club II, Skyhouse, Dual Brand2, Colorado Center 3, Eviva, 17W, Alexan Uptown, Block A, 245 Columbine (iffy), Alexan CC, a few others in DUS)

Anything missing? DTC? Cherry Creek?

[TakeFive]

Originally Posted by bunt_q

Maybe CSU should put their new boondoggle of a football stadium there. Would probably help attendance.

That was funny.

Originally Posted by wong21fr

The City's behind it, CSU is behind it, the Stock Show is behind it. It'll happen. There's not a ton of talk because no one is saying how it will be paid for. Yet.

F**k moving it out to DIA, anything that would give the Gaylord Hotel more traffic is something that needs to be discouraged.

"The City's behind it, CSU is behind it, the Stock Show is behind it." Don't you mean they are the beneficiaries?

Didn't $600 million basically cover both the cost of the convention center expansion and the hotel? But look at the return those two have generated.

Okay, there's this from the article:

* Moving the existing Denver and Rock Island Railroad tracks away from the South Platte River onto the existing National Western Drive.
* Shifting the National Western Drive onto the existing railroad tracks and opening up about 1 mile of the river bank to be used as new park space.

This looks like something that Denver would need to be responsible for funding/doing. Maybe they can find some federal funding/grant to help with that part.

For the "National Western Stock Show" redo they might get the regional voters to buy into funding this part of the master plan.


Then there's this:

The existing hall of education and the events center would be replaced by a new trade show and exhibit hall, a new arena and a new CSU center and a "Colorado Commons" outside of the existing old, Stadium Arena, under the plan.

I doubt the regional voters would choose to support this. Maybe Denver can do a P3 for at least part of this. Perhaps the State would help with a (CSU) part.

There is, I believe, to be one more round of funding for the State tourism-related TIF funding which could be an assist.

It would be wonderful to reclaim land along the Platte for more park area, etc. Should they be successful it's certainly worth an attaboy from me.

[DownhomeDenver]

Originally Posted by enginerd

this article has a another rendering too

http://insiderealestatenews.com/2014/12/19/panasonic-lands-near-dia/


hancock's plugs for his "aerotropolis" pet project makes me chuckle

"this is without question the catalytic opportunity we've been waiting for," hancock said, adding that it could jump start the regional "aerotropolis" concept for developing land around dia.

"it marks a giant step forward for the corridor of opportunity between downtown and dia and for our growing aerotropolis,” hancock said.

no highrises on pena!

[denconyny]

Originally Posted by PLANSIT

Looking forward to 2015, LIKELY construction 'starts' will include:

Anything missing? DTC? Cherry Creek?

Hmmmm?

I don't know the heights in feet, but how about the following three projects as well, since all are at this point publicly announced and also included in the City of Denver Projects Status Report (PSR) https://www.denvergov.org/Portals/696/documents/SitePlanReview/MajorProjectsReport121114.pdf
last released 12/14/14?

1. One Belleview Station at DTC - 16 stories
http://www.bizjournals.com/denver/blog/r...ion-brings-colorado-a-rare.html?page=all
as listed in the PSR - One Belleview Station 2014D00245 7295 E Belleview retail/office Mixed-Use T-MU-30 wvr Karen Callaway

2. Kimpton Hotel at DUS - 12 stories
http://skyscraperpage.com/cities/?buildingID=103753
as listed in the PSR - Office-Hotel 2013D00488 16th & Wewatta 5-story office & 12-story hotel Mixed-Use T-MU-30 12/17/2013 Steve Oliver

3. 16 Chestnut at DUS - 19 stories
http://skyscraperpage.com/cities/?buildingID=14721
as listed in the PSR - 16th and Chestnut Offices 2013D00162 16th St and Chestnut Pl Mixed-use: office, retail; 19-story Mixed-Use PUD 531

There a quite a few more worthy projects listed in the PSR, but since I'm unable to find any specific link to those, as there is above, anyone can add from there if they're aware of a project along in the process.

BTW, of the original projects listed above, the only one that I'm unable to find on the list is Eviva, but birdies out there are chirping that it is submitted and within the city review process.

So there's my three bits....

[TakeFive]

Originally Posted by PLANSIT

Looking forward to 2015, LIKELY construction 'starts' should include:

There's quite a lot on the menu for 2015. Let me know when there's a groundbreaking.

It will be fun to see if everything comes out of the ground or what new projects get loaded into the pipeline that we're currently unaware of?

[wong21fr]

Originally Posted by TakeFive

That was funny.


"The City's behind it, CSU is behind it, the Stock Show is behind it." Don't you mean they are the beneficiaries?

Didn't $600 million basically cover both the cost of the convention center expansion and the hotel? But look at the return those two have generated.

Okay, there's this from the article:

This looks like something that Denver would need to be responsible for funding/doing. Maybe they can find some federal funding/grant to help with that part.

For the "National Western Stock Show" redo they might get the regional voters to buy into funding this part of the master plan.


Then there's this:

I doubt the regional voters would choose to support this. Maybe Denver can do a P3 for at least part of this. Perhaps the State would help with a (CSU) part.

There is, I believe, to be one more round of funding for the State tourism-related TIF funding which could be an assist.

It would be wonderful to reclaim land along the Platte for more park area, etc. Should they be successful it's certainly worth an attaboy from me.

Not quite sure what you're getting at. A regional tax measure, akin to the stadium tax, would be a possibility for funding this, but it's unlikely. A more likely scenario will a mix of funding sources including a PPP, TIF, RTA funding, and a city bond measure. All of which are mentioned as sources if you read the article that you referenced or if you read the draft plan here. Doing a project like this is not out of the capacity of Denver to do on it's own and it doesn't require a buy-in by the other local municipalities.

Screw that regional participation stuff.

[denconyny]

Originally Posted by PLANSIT

Looking forward to 2015, LIKELY construction 'starts' should include:

Anything missing? DTC? Cherry Creek?

On the other hand.... what looks to be completed in 2015?

I would venture

The Triangle Building - 10 stories
Platform at Union Station - 21 Stories
Denver Airport Westin Hotel - 14 stories
88 Steele Creek - 12 stories
1601 Wewatta - 10 stories

on anything that's at least 10 stories or more.

Also, per the below link

http://www.bizjournals.com/denver/blog/r...-building-coming-to-uptown.html?page=all

Alexan Uptown was supposed to break ground this December 16th - can't find the exact link, but the above only states December. Has anyone been by there or know if this project actually broke ground yet?

[PLANSIT]

Originally Posted by denconyny

Hmmmm?

I don't know the heights in feet, but how about the following three projects as well, since all are at this point publicly announced and also included in the City of Denver Projects Status Report (PSR) https://www.denvergov.org/Portals/696/documents/SitePlanReview/MajorProjectsReport121114.pdf
last released 12/14/14?

1. One Belleview Station at DTC - 16 stories
http://www.bizjournals.com/denver/blog/r...ion-brings-colorado-a-rare.html?page=all
as listed in the PSR - One Belleview Station 2014D00245 7295 E Belleview retail/office Mixed-Use T-MU-30 wvr Karen Callaway

2. Kimpton Hotel at DUS - 12 stories
http://skyscraperpage.com/cities/?buildingID=103753
as listed in the PSR - Office-Hotel 2013D00488 16th & Wewatta 5-story office & 12-story hotel Mixed-Use T-MU-30 12/17/2013 Steve Oliver

3. 16 Chestnut at DUS - 19 stories
http://skyscraperpage.com/cities/?buildingID=14721
as listed in the PSR - 16th and Chestnut Offices 2013D00162 16th St and Chestnut Pl Mixed-use: office, retail; 19-story Mixed-Use PUD 531

There a quite a few more worthy projects listed in the PSR, but since I'm unable to find any specific link to those, as there is above, anyone can add from there if they're aware of a project along in the process.

BTW, of the original projects listed above, the only one that I'm unable to find on the list is Eviva, but birdies out there are chirping that it is submitted and within the city review process.

So there's my three bits....

Thanks.

• I don't think 16 Chestnut will get out of the ground in 2015. It seems to have stalled in the review process.
  
• Kimpton is "Block A" in my list.
  
• One Belleview Station is definitely one that should start in 2015. Thanks.

Eviva is HERE

Updated list:

Looking forward to 2015, LIKELY construction 'starts' (including late 2014 starts) should include:

[Brock Landers]

Originally Posted by denconyny

On the other hand.... what looks to be completed in 2015?

I would venture

The Triangle Building - 10 stories
Platform at Union Station - 21 Stories
Denver Airport Westin Hotel - 14 stories
88 Steele Creek - 12 stories
1601 Wewatta - 10 stories

on anything that's at least 10 stories or more.

Also, per the below link

http://www.bizjournals.com/denver/blog/r...-building-coming-to-uptown.html?page=all

Alexan Uptown was supposed to break ground this December 16th - can't find the exact link, but the above only states December. Has anyone been by there or know if this project actually broke ground yet?

Hyatt place at 14th and Glenarm should be done in June (21 stories).

[TakeFive]

Originally Posted by wong21fr

Not quite sure what you're getting at. A regional tax measure, akin to the stadium tax, would be a possibility for funding this, but it's unlikely. A more likely scenario will a mix of funding sources including a PPP, TIF, RTA funding, and a city bond measure. All of which are mentioned as sources if you read the article that you referenced or if you read the draft plan here. Doing a project like this is not out of the capacity of Denver to do on it's own and it doesn't require a buy-in by the other local municipalities.

Screw that regional participation stuff.

Sorry, I don't see Denver voters being that excited or generous with their tax dollars. Figuring $600 million (which may be low) that is roughly the equivalent of the Better Denver Bond offering that covered the cost of over 300 different projects all over the city.

I'm also skeptical of any significant private partnership participation. What's in it for them? I also don't see RTA funding as an option other than for maybe a small piece of what will be needed.

Given the history and regional pride and importance of the National Western complex I think you could get a regional buy-in for maybe $300 million. Guessing it will be needed.

I assume the 1st thing to be done would be relocating the railroad tracks and National Western Drive. But on second thought I guess you could wait to do any needed brownfield cleanup and new park construction for later but I'd guess they'd prefer to get it done sooner than later.

I see it as a heavy lift but not impossible.

[denconyny]

Originally Posted by Brock Landers

Hyatt place at 14th and Glenarm should be done in June (21 stories).

Ty

I think then that this built pretty quick for a 21 story hotel..... it hasn't been that long since it broke ground there eh? And they'll be welcoming guests in July? And as so.... I have to say - Wow!

[PLANSIT]

Originally Posted by denconyny

Ty

I think then that this built pretty quick for a 21 story hotel..... it hasn't been that long since it broke ground there eh? And they'll be welcoming guests in July? And as so.... I have to say - Wow!

EnV should finish up in 2015.

[bunt_q]

I tend to agree with TakeFive. I think the Stock Show with that scope is a lot to bite off for Denver. But I'm not sure what a regional solution would look like. Maybe add them to SCFD, with a tax increase? That's an existing district that pretty much fits the bill, and is wildly popular.