Transcript OLDE TOWN ARVADA TOD Proposal

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
• Quality contemporary design supportive of Olde Town’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 LEED criteria
Option A
Option B
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
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
Early Phase
•
Block 1- Multi-modal transit facility
at the Station.
•
Block 2 and/or 3 - At grade “microhousing” 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
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
Observations
1.
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
2.
Advanced planning by community enhances feasibility
3.
Prior agreements among governmental entities regarding infrastructure, entitlement processes and
development incentives enhances market feasibility
4.
Structured parking in suburban locations is generally not financially feasible
5.
Public ownership of land, tax increment financing, metro districts and other financing strategies are in place or
proposed to support public-private partnership
6.
Market feasibility is enhanced once the transit elements and public infrastructure are completed
7.
There are usually no simple, one phase, predictable development plans or strategies
8.
Agreements with governmental entities and planning/development strategies need to be adaptable and
flexible to reflect changing markets and conditions
9.
Preserve opportunities for more financially robust markets as the Station opens and the TOD grows and
matures with effective phasing strategies
10.
TOD development should support and connect with adjacent land uses and contribute to healthy communities