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Connectivity – pedestrian access from the Cherry Creek Shopping Center
to 2nd Avenue
Flexibility – able to serve a variety of events and uses
Retail loading access - Limited early morning vehicular access for
retailers on the plaza
Passenger loading - vehicle passenger pick-up and drop-off at the
north end of the plaza on 2nd Avenue
Staging of development - to allow flexibility of funding
CommArts, consultant to the Cherry Creek North BID (and separately the
Cherry Creek Shopping Center) is working on design options and another
meeting of the Working Group has not been scheduled.
Meanwhile, the Cherry Creek Steering Committee viewed plans for the
Nordstrom expansion of the former Lord & Taylor store at the mall.
The expansion toward East 1st Avenue is limited so some 142,000 SF by
the other anchors in the mall, so the design includes some parking to
remain along 1st Avenue. Some members of the Committee are encouraging
the Taubman Co., owner of the mall and Nordstrom to replace the
parking with a pedestrian plaza to complement the redevelopment of
Fillmore Plaza.
Developers of the Pinnacle at City Park South condominium tower
have decided to move up the beginning date of construction for the
second tower in the development following the success of sales for the
development. Located on the site of the former Mercy Hospital at
Fillmore Street and East 17th Avenue, the tower is now to have 105
units instead of the original 122, and is to have the majority of
units priced from $415 to $430 per square foot. Pre- sales for the
second tower are to begin in May.
Neighborhood Flix Cinema & Cafe has joined the Tattered Cover
bookstore and Twist & Shout record store as the final partner in the
redevelopment of the historic Lowenstein Theater. The addition
completes the idea originally planned for the $15 million project,
which was for local retail stores to have a major stake in the
revitalization of East Colfax Avenue. The developer plans to open its
facilities to the public by Thanksgiving. The Denver City Council gave
preliminary approval to $2.4 million in low interest federal “block
grant” loans adding to $1.9 million in approved similar loans and $4.6
million in property and sales tax rebates. The Tattered Cover
bookstore will move from 40,000 SF in Cherry Creek North to 22,000 SF
including a coffee shop in the Lowenstein on June 25th. The 4th Story
Restaurant is also closing at the end of May. Joyce Meskis says she is
looking for a smaller space in Cherry Creek North that has to have all
the ingredients to work well – tall order in the book business.
Redevelopment of the former Tattered Cover building in Cherry Creek
North has not been announced.
Construction of the One Lincoln Park transit- oriented
development began on March 20th. To be the first high-rise condominium
development built in the downtown area in roughly 25 years, the
32-story development is to have 186 units with a beginning price of
about $300,000 and rising to as high as $3 million. Retail (14,000
square feet) is to be built on the first floor and 360 parking spaces
built on 7 floors. Two light-rail stops placed nearby will also serve
to benefit residents (streets bordering the development include
Lincoln, Broadway, 20th, East 20th Avenue and Welton). Osborn
Development Corp is developing the project.
The developer of the JW Marriott hotel at Clayton Lane in Cherry Creek
North, Charlie Biederman plans to spend $75 million to convert the
Embassy Suites Hotel at 19th/Curtis Streets downtown into a Ritz-
Carlton hotel condo project. Biederman bought the hotel last year
in pretty tired condition. Two more Ritz-Carlton’s are in Colorado –
Beaver Creek and Aspen. The new Ritz will complement the new Hyatt
Regency convention center hotel and the planned Four Seasons hotel at
14th/Lawrence.
The developer of a portion of the former Gates Rubber Co. site
on the west side of Broadway has been picked. Cherokee Denver chose
Joseph Freed and Associates of the Chicago area to redevelop the
24-acre site of factories and warehouses into some 1,500 housing
units, over 500,000 SF of retail and over 200,000 SF of offices.
Cherokee Denver is cleaning up hazardous materials on the site before
the sale. Freed has developed several transit oriented properties in
the Chicago area.
Silverstone Communities paid $23 million, or $145,570/unit, to
Waterton Associates for the 21- story, 158-unit Park One Hundred
apartment building at 100 Park Avenue West in Denver. Located in
the Uptown neighborhood, the company plans to convert the units into
condominiums with a starting price of roughly $200,000. Availability
of the units is to occur in April or May, and sizes are to range from
725 to 1,250 square feet.
A condominium project has been announced for the Cherry Creek area by
developers Bruce and Stuart Rifkin. To be located in the Alameda
Triangle area at 333 South Monroe, the Monroe Pointe
development will have 75 units with prices starting in the $400,000s
for the smallest units (860 square feet) and exceeding more than $2
million for the largest unit (5,500 square feet). Completion of the
development is scheduled for 2007.
Retail giant Sears has announced that it will be ending its chain of
Sears Essentials stores by converting them to their Sears Grand
chain of stores. The change will affect only one store in Denver,
which is located at East Evans Avenue and Monaco Parkway. A completion
date for the change was not announced.
Famous New York developer Donald Trump is proposing a luxury hotel and
condominium complex for the parking lot next to the El Jebel
building at 1770 Sherman Street. To surpass the Republic Plaza
building in height at 715 feet, the roughly $150 million building
would be designed to complement the neighboring El Jebel building,
which was built in 1906 and is proposed by Trump to be restored as
part of the development and be made available to guests for meetings
and social functions. Advancement of the proposal is pending
acceptance of the $2 million offer to the owners of the property by
Trump and his partners, Barry Investment Group of Aurora and the
Bayrock Group of New York.
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