COLORADO | Front Range Development Thread #2

[Cirrus]

I like what they've done with the (hilariously named) North Boulder Farmer's Ditch. It looks like it'll be a nice space. I'd like to see a site plan, to understand how it interacts with the neighboring properties.

Edit: Here's the site plan. Glad they're building that Junction Place/32nd Street connection. Building out the grid is important.

[TakeFive]

Originally Posted by EngiNerd

Good rundown of the work in progress in the links below. It's a pretty big construction site right now.

https://www.cityofwestminster.us/Clo...whats-going-up

Rendering by Origin Investments via GlobeSt

https://www.globest.com/2019/04/24/o...20190403103121

WESTMINSTER, CO—Chicago-based Origin Investments has joined Sherman Associates in the development of the 226-unit Aspire Westminster multifamily project that broke ground last month. Aspire Westminster is the second multifamily development by Sherman Associates in Downtown Westminster and another major component of the massive Downtown Westminster Redevelopment initiative.

The development also will include two levels of underground and structured parking inclusive of 370 spaces. Ground-floor commercial space will total 34,500 square feet. The developer is currently in advance lease negotiations for a market hall concept, Origin Investments reports

[TakeFive]

One small step for mankind?


Image courtesy City of Aurora

https://www.multihousingnews.com/pos...burban-denver/

Northstar purchased the land, located within an Aurora Urban Renewal District, in 2015. Over the next several years, the developer secured approvals and formed partnerships, leading to the anticipated groundbreaking this month. Northstar and Milender White will serve as co-developers, with the latter also acting as project general contractor.

Northstar Commercial Partners, Milender White and Canyon Partners Real Estate LLC have closed on a new, mixed-use development called Parkside @ City Centre in the Denver suburb of Aurora, Colo. The ground-up, mixed-use development situated on 5.6 acres will feature 216 market-rate apartments and 36,000 square feet of retail.

Takes a lot of time & effort for local developers to bring new suburban projects to fruition. You have to be impressed though with the progress that Westminster is making, I'd think.

[wong21fr]

Originally Posted by TakeFive

Takes a lot of time & effort for local developers to bring new suburban projects to fruition. You have to be impressed though with the progress that Westminster is making, I'd think.

Westminster's success in building their downtown is quite impressive- if only Aurora would put into place the same kind of plan for their centerpoint, or whatever the hell that abortion of development is called, around their city hall. But that would require Aurora to actually plan something out versus putting all of their effort into the sucking of a golf ball through a garden hose on behalf of Gaylord.

[mishko27]

Originally Posted by wong21fr

Westminster's success in building their downtown is quite impressive- if only Aurora would put into place the same kind of plan for their centerpoint, or whatever the hell that abortion of development is called, around their city hall. But that would require Aurora to actually plan something out versus putting all of their effort to suck a golf ball through a garden hose on behalf of Gaylord.

As an Auroran / Aurorite / Auror, I absolutely agree. Westminster has done some amazing stuff and their downtown should be a model for other cities in the Metro Denver. And considering that Aurora already has the R line in its "downtown", it should be easier than Westminster which is built around the promise of B line extending towards Boulder. Which, God know if that'll ever happen.

[TakeFive]

Originally Posted by wong21fr

if only Aurora would put into place the same kind of plan for their centerpoint, or whatever the hell that abortion of development is called, around their city hall. But that would require Aurora to actually plan something out versus putting all of their effort into the sucking of a golf ball through a garden hose on behalf of Gaylord.

BREAKING NEWS: any day now.

The above project is decent enough given that specific site.

mishko27 - They presumably still have a master plan for the area and supposedly lots of inquiries but they need something more specific including incentives. It lacks 'gentrification' appeal among other things.

All their efforts on the new Point at Nine Mile aka Regatta Plaza are currently in a state of crickets. There were various (time consuming) complications which they were able to work through and King Soopers was supposed to break ground on their new store a year ago. I suspect that Kroger has cut back their construction budget in favor of tech investments. They still have a store operating at that site so it's not likely their top priority. My assumption is that Mile High Dev/Koelbel doesn't want the risk of proceeding until Kroger gets off the dime.

Aurora may have lots of potential but who's the developer who would be interested that's also capable? I suspect that until downtown Denver runs out of steam it will remain a challenge.

It's so strange since in Phoenix diversity is so entrenched including income, ethnicity whatever that developers just plough ahead with infill projects.

[mishko27]

Originally Posted by TakeFive

BREAKING NEWS: any day now.

The above project is decent enough given that specific site.

mishko27 - They presumably still have a master plan for the area and supposedly lots of inquiries but they need something more specific including incentives. It lacks 'gentrification' appeal among other things.

All their efforts on the new Point at Nine Mile aka Regatta Plaza are currently in a state of crickets. There were various (time consuming) complications which they were able to work through and King Soopers was supposed to break ground on their new store a year ago. I suspect that Kroger has cut back their construction budget in favor of tech investments. They still have a store operating at that site so it's not likely their top priority. My assumption is that Mile High Dev/Koelbel doesn't want the risk of proceeding until Kroger gets off the dime.

Aurora may have lots of potential but who's the developer who would be interested that's also capable? I suspect that until downtown Denver runs out of steam it will remain a challenge.

It's so strange since in Phoenix diversity is so entrenched including income, ethnicity whatever that developers just plough ahead with infill projects.

I forget you don't live here, haha. The new King Soopers store is almost done, it's massive compared to the old one. It's even visible on streetview (granted, it's from November last year).

[TakeFive]

Originally Posted by mishko27

I forget you don't live here, haha. The new King Soopers store is almost done, it's massive compared to the old one. It's even visible on streetview (granted, it's from November last year).

Thank you.

I've used different key words to try to find the latest info and kept coming up with nothing. Actually I read where all the necessary agreements had been signed off on but nothing about any groundbreaking etc.

With a nice new King Soopers as an anchor that project should be a nice addition to the area and do well. Over time I could see potential for redevelopment between Cornell and Parker Rd. to the NW.

This is an even better view of where I assume the store is going although it doesn't yet show any construction.

[twister244]

Originally Posted by mishko27

As an Auroran / Aurorite / Auror, I absolutely agree. Westminster has done some amazing stuff and their downtown should be a model for other cities in the Metro Denver. And considering that Aurora already has the R line in its "downtown", it should be easier than Westminster which is built around the promise of B line extending towards Boulder. Which, God know if that'll ever happen.

Yeah, totally agree. One would hope that they could at least build the next small segment from 72nd(ish) to downtown Westminster, just so it's linked in there.

[TakeFive]

Aurora is growing


Source


Credidt: UC Denver


WorkShop 8


Booking.com


Fulfillment Centers.io


Aurora Sentinel


Mile High CRE

The people that will fuel Aurora's growth?


KDVR

https://www.5280.com/2019/04/aurora-...-slowing-down/

Gambetta says: “For us, our international community is one of our most important assets.”

In particular, Aurora has another selling point: About four years ago, it created an Office of International and Immigrant Affairs, managed by Ricardo Gambetta, to develop a citywide plan for how the city can better interact with Aurora’s newest arrivals... Aurora says it is the only city in the state that has an immigrant integration plan. Only a dozen or so cities in the country have one. The plan includes a focus on naturalization, “so the communities can participate in the social and political life of the city,” Gambetta says.

[TakeFive]

What's in a name?
Where do you live?
I live at the Aerotropolis.
That must be sooo cool.

https://theaurorahighlands.com/aerot...-on-the-table/

AURORA — The idea of an “aerotropolis” in the shadow of Denver International Airport has for years been aspirational talk among metro-area civic leaders hoping to create a kind of mini-city fueled by proximity to one of the country’s largest and busiest airports.

What kind of numbers are we talking about?

And it’s a big opportunity, according to a recent Metrostudy housing market analysis. Through most of the 2020s, Metrostudy expects the area around DIA to add an average of 544 homes to the market per year. At its peak over the next decade, the firm projects, the area could yield one of every four of the metro area’s new homes.

Planning maps already show proposed residential developments with names like Aurora Highlands, Painted Prairie, High Point and Sagebrush Farms — together accounting for tens of thousands of new homes and millions of square feet of commercial and retail space — set to sprout on 20,000 acres south of the airport.

Aurora Highlands

One of the first projects to come online will be Aurora Highlands, a 12,500-home behemoth that will feature 22 miles of trails, a recreation center, a sculpture park and a zipline. The 3,000-acre project at the northeast corner of E-470 and 26th Avenue could someday grow to 5,000 acres and be home to 60,000 new residents.

Look how walkable and bikeable that place will be.

Road infrastructure construction starting this summer.

[wong21fr]

Originally Posted by TakeFive

Look how walkable and bikeable that place will be.

Not sure if you’re trying to be optimistic or funny here.

[Atlas]

Here's the new CU Aerospace building last Friday. I was driving around looking for a place to live in Boulder and dropped by to see it. It's bigger than it looks in pictures.

[twister244]

Oh Lakewood......


https://www.thedenverchannel.com/new...ing-growth-cap

[TakeFive]

Look to the far east at sunrise
and you can see that 'sprawl' is springing up.


Courtesy:Gayeski Capital Equities via CREJ

Project to infuse new development on I-70
June 30, 2019 By Jennifer Hayes - CREJ

A 292-acre project is set to bring new development to a rapidly growing trade area along the Interstate 70 corridor east of Denver. Gayeski Capital Equities LLC is developing Bennett Crossing, located at the northeast corner of I-70 and state Highway 79 in Bennett, where it has rezoned and entitled the site, and commenced construction of public infrastructure.

With nearly a half-mile of frontage along I-70 and 1 mile on state Highway 79, Bennett Crossing, with planned development zoning, is designed for mixed-use development, including residential, hospitality, retail, restaurant, medical, office, industrial and senior housing, for example.

[Denver Dweller]

https://www.upi.com/Top_News/US/2019...1211563222505/

[TakeFive]

Originally Posted by Denver Dweller

https://www.upi.com/Top_News/US/2019...1211563222505/

That is really good news for Grand Junction. It's nice to see the Western Slope get some love.

[TakeFive]

An Official Groundbreaking


Rendering courtesy OZ Architecture via CREJ

Milender White breaks ground on $78M Parkside @ City Centre
July 14, 2019 By Kris Oppermann Stern - CREJ

Parkside will feature 216 market-rate, multifamily apartments and 36,000 square feet of retail on 5.6 acres.

Located within an Aurora urban renewal district, Parkside’s retail will be available in early 2020.

The Point at Nine Mile Station

https://www.charlierichardsonward4.c...ta-plaza-.html

Point at Nine Mile Update ( June 6 )
The opening window is narrowing. King Soopers and other retail is expected to open in late August to September time frame. Funding decision by the Denver Regional Council of Governments on pedestrian bridge over S. Parker will occur in August. Keeping digits crossed.

March 2019 The Point at Nine Mile update
The new King Soopers store continues to move forward for the planned opening by the November/December holidays later this year. The Main Street retail shopping area is also starting to take shape along with the new King Soopers gas station. The existing Key Bank branch will be moving into the new Main Street area.

[TakeFive]

We seen his name pop up elsewhere so I'm not sure what to think?

27-acre development planned near RTD’s Westminster Station
Jul 23, 2019 By Andrew Dodson – Reporter, Denver Business Journal

A developer with ambitious plans across metro Denver lined up money to purchase land for a transit-oriented development play near RTD’s Westminster Station...

Michael Eisenstein, founder of Land Capital LLC, along with two Denver-based partners who have connections with investors in New York, recently closed on 27.5 acres near the intersection of 72nd Avenue and Federal Boulevard, neighboring a Walmart, for $8.4 million. Eisenstein told Denver Business Journal his group will work closely with the city of Westminster to develop the framework for the infill site and then work with builders and other developers to bring it to life.

That's quite a change from your downtown high rise proposal; what caught your fancy?

“This is all driven by the beauty of what the city of Westminster built in that train station,” Eisenstein said. “I see kids walking around with parents, pushing strollers — that was unheard of a couple years ago. We are focused on being part of a great transformation in that area.”

Eisenstein is partnering with Denver developer Curt LeRossignol and Hugo Weinberger, co-president of Denver-based Situs Group on the deal. Weinberger helped land dozens of investors in the project from New York City, Eisenstein said.

This is more of a land play to rezone and resell it seems. I'll give props for his creative energy. You can't win anything until you step up to bat.

[TakeFive]

Right next to the Hyatt Regency Aurora-Denver Conference Center



Image courtesy Hotels.com

Investment firm plans high-end apartment project in Aurora opportunity zone
Aug 5, 2019 By Andrew Dodson – Reporter, Denver Business Journal

A pair of California companies looking to take advantage of the federal opportunity zone program have plans for a large-scale, luxury apartment project near the Fitzsimons Medical Center. El Segundo, California-based Griffin Capital Company plans to raise millions of dollars for opportunity zone projects across the country, including in Aurora where it has partnered with San Francisco-based Legacy Partners on the five-story, 363-unit apartment project dubbed “Legacy at Fitz.”

Griffin is also partnering with Legacy on a 255-unit apartment project in Tampa. The firm intends to develop seven projects total, including two with Greystar Real Estate Partners for projects in Austin, Texas, and Baltimore; and three with Fairfield Residential in Austin, Houston and Washington, D.C.

Google gets goofy in this part of town; not sure if it's the drugs or what. But by searching the Hyatt I found the site where this is going.

Looks to me like Legacy made a nice strategic site purchase. Slowly but surely this area looks to be prime property in hindsight - especially now that the Grande VA Hospital is open.