ULI Presentation – Shifting Suburbs OLDE TOWN ARVADA TOD

August 29, 2013

A Design That Meets The VisionDense• Designed as urban, dense, and pedestrian orientedMixed use• A mix of uses supporting a vibrant street oriented developmentQuality• Quality contemporary design supportive of Olde Town’s characterConnected• Connected and grid oriented with activated street edgesStructured parking• Strategy to structure parking for all uses on siteSustainable• 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 “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

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

Observations1. 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