Despite Colorado Center’s Classy Transit Connection New Adjacent Development Is Creating Corridor Sprawl
by Glen Richardson
“Ride the Rail to reduce traffic, air pollution and lower your stress.”
Washed Up: This self-service carwash site has sold for $767,000 and is the location of a proposed second apartment complex on Colorado Blvd. Construction is expected to start early next year with completion in 18 months.
Traffic Trouble: The Millennium Colorado Station apartment complex under construction at Colorado Blvd. south of Evans is already creating traffic gridlock.
Millennial Map: Millennium Colorado Station’s massive development stretches along Colorado Blvd. to Warren Ave. and extends east from Colorado Blvd. to Ash St.
It is at the Colorado Center more than anywhere else that Denver seemed to be getting transit right. The 13-acre office, retail and entertainment complex features a Light Rail Station, FasTracks, CarShare and an $8 million bike-pedestrian bridge across I-25. As a transit-oriented development (TOD), the venture east of Colorado Blvd. and north of Evans Ave. initially seemed to be the Valley’s perfect transit project.
Wrong: TOD’s “evil brother,” transit-adjacent development (TAD) is literally taking over the adjoining neighborhood with a gargantuan development somewhat close to the Center’s transit, but not oriented to transit. Unfortunately in a city/county where developers have the final say, far more TADs than TODs are popping up along the Valley’s transit line. At nearly every station on any given line, you’ll find, at the least, clumps of new-fangled apartments and more often than not, fresh fast food chains and novel businesses.
Developer Deal
Being promoted as Millennium Colorado Station the new development is a colossal 580,000-sq.-ft., 350-unit apartment complex under construction a block south of Evans Ave. That’s in spite of the fact Colorado Station’s “General Development Plan” approved by the Denver Planning Board in 2006 clearly stated: “Development is to be concentrated closest to the station with a decrease in intensity in adjoining nearby neighborhoods.”
Exploding on the east side of the heavily traveled traffic thoroughfare, the project stretches south along Colorado Blvd. to Warren Ave. A moneymaking way for the developers to leverage the potential of transit-oriented developments without any of the costs, the sprawling project extends east from Colorado Blvd. to Ash St. Furthermore, the apartment complex is likely to charge a premium rate claiming it is along transit routes.
Houston-based The Dinerstein Companies ac
Colorado Center Class: The Master Planned transit-oriented Colorado Center will have this retail “Main Street” section plus a residential tower with 189 apartments, 80 lofts.
quired the old Criterion Shopping Center that later housed the Amish Furniture Gallery at 2154 S. Colorado Blvd. in the summer of 2017. The firm also purchased two adjacent homes on Ash St. where they began construction a year-ago September. Los Angeles real estate investment firm CityView is a partner in the project. South Broadway-based the Cuningham Group Architecture, who is designing the monster structure, describes it as, “a clean, modern design with a diverse mix of materials, including stucco, wood and metal.” Amenities will include a pool, wet deck, cabanas and outdoor kitchen. There will also be a fitness center, game room, bike room and pet spa. Completion of the project is anticipated for the second quarter of 2019.
About The Area
The median real estate price in the E. Evans and South Colorado Blvd. area is $1,264,045, which is more expensive than 99% of the neighborhoods in Colorado. The average monthly rental price is currently $1,925, based on NeighborhoodScout’s exclusive analysis. That’s higher rent than in 68.5% of the state’s neighborhoods.
Neighborhood real estate is primarily made up of small (studio to two bedroom) or large (four or more bedroom) single-family hom
Beauty & The Beast: Huge complex being crammed into area southeast of Colorado and Evans has replaced some businesses and homes while creating concerns for others.
es and apartment complex — high rise apartments. Many of the residential homes are older having been built between 1940-1969. A number of residences, however, were built from 2000 to the present.
The home and apartment vacancy rates are 10.7% in the area of E. Evans and S. Colorado Blvd. According to the NeighborhoodScout analysis, that rate is lower than 40.9% of the neighborhoods nationwide. The analysis indicates this is approximately near the middle for vacancies nationally.
About Center, Station
Centrally located between downtown and the Denver Technology Center, the premier transit oriented development has long been the home to a Dave & Busters plus Colorado Center Stadium 9 & IMAX.
There are now three Class A Office Buildings on the site. The recently finished 400,000-sq.-ft. Tower III completed the office component of the project. Following Denver-based Tryba Architects Master Plan, there is more than one million square feet of additional development that will include a 205,000-sq.-ft. residential tower that will house 189 apartments and 80 loft-style units plus a fitness center. Also in the plans is a new, 24-hour retail “Main Street” section.
Colorado Station is a side-platform light rail station operating as part of the E, F, and H Lines. Opened in November 2006 it now boasts 5,600 boardings and arrivals each day. Surveys show that 2% bike, 43% walk to transit and the balance drive to the station. There is an RTD Park-n-Ride lot two blocks east of Colorado Blvd. Located at 4401 E. Evans Ave. it holds approximately 400 cars.
What’s Ahead?
As cranes loom over the Colorado Blvd. skyline south of Evans Ave. residents and businesses are asking what will their neighborhoods become? The answer can likely be found surrounding RTD’s Evans Station, a light-rail station further west on Evans Ave. that opened in July 2000.
A TAD Too Much: Projects such as this gigantic complex going up on Colorado Blvd. south of Evans leverage the potential of transit-oriented developments without the costs.
There developers have requested permission to build up to eight floors at 2065 S. Cherokee St. in the Overland neighborhood. The 0.7-acre site is just northeast of the Evans Station, a site that has seen several apartment buildings sprout up. The latest zoning request would allow for a project similar to the Encore Evans Station, a 224-unit apartment complex that recently opened.
Some may see it as gentrification, but intensive development with new apartments crammed in alongside or replacing businesses and historic homes appears to be the future of light-rail in Denver. With the city’s encouragement, neighborhoods can expect more and more “evil brother,” transit-adjacent development (TAD) projects hopping on the “light rail gravy train.”
A TAD More Apartments Coming To Colorado Station
A developer has submitted plans for a second apartment complex adjacent to the massive 350-unit Millennium Colorado Station going up on Colorado Blvd. Developer Austin Schmidt wants to build a five-story apartment building that would be surrounded by the enormous project under construction.
The latest transit-adjacent development (TAD) is at the 0.28-acre site of a self-service carwash that has been on the E. Warren Ave. site for at least a dozen years. Schmidt and silent partners paid $767,000 for the lot.
Schmidt admits proximity to the light-rail station two blocks north is what attracted him to the site. The five-story project would have 52 studio, one and two bedroom units. Parking would be on the floor and basement levels. The developer expects to break ground early next year with construction completed within 18 months.