Project Timeline Sept 29 Meeting – Complete discussion of alternatives evaluation; Initiate discussion on preferred alternative.
Oct 6 Meeting – Draft preferred alternative. Project Timeline
Nov 3 Meeting – Detailed preferred alternative. Project Timeline
Dec 1 Meeting – Finalize preferred alternative. Project Timeline
Jan 5 Meeting – Approve final report and recommendation. Project Timeline
Agenda Item 3 & 4 – Goals Provide additional evaluation information Get CAC input on the relationship of the draft alternatives to the evaluation criteria (Agenda Item 3) Get CAC input on fundamental themes or direction that a preferred alternative should reflect (Agenda Item 4)
Market Feasibility Appendix B: Redevelopment Analysis (Heartland) Report forthcoming, but some conclusions are emerging....
Market Feasibility – King County Parcel Preliminary conclusions (Heartland): Residential not feasible Office could work at a variety of heights Office with structured parking needs reduction in parking requirements (from 4.0 to 3.0 per 1,000 square feet of office area) in order to work
Market Feasibility – Lincoln Exec Center Preliminary conclusions (Heartland): Not profitable in 1 st phase due to initial capital and other costs Second phase is profitable (150 height) Third phase is even more profitable (substantial lift) (225 height)
Market Feasibility – Eastgate Plaza Preliminary conclusions (Heartland): Adding residential is not feasible Center is healthy, part of REIT portfolio (owned in part by CalPERS) Owner intent is to hold long-term, as-is (current use mix) Redevelopment likelihood is low
Housing Near Freeways 4,000 residents live in the Bridge Apartments - four tall apartment buildings constructed above the Trans-Manhattan Expressway. The apartments are built on large platforms over the expressway (which connects the Cross-Bronx Expressway with the George Washington Bridge). In 1960, the Port Authority of New York and New Jersey transferred to the city the air rights of a three-acre area near the bridge. The city auctioned off those rights to the Kratter Corporation for a little over $1 million, as part of a novel method to build more middle-income housing. Bridge Apartments, New York City
Housing Near Freeways Auraria West Campus Lincoln Station Denver, Colorado Residential Infill Examples
Housing Near Freeways Lincoln Station - Trammell Crow is developing two residential projects just north of Lincoln Station. The first project includes 431 rental units and the second project includes 140 for-sale condominium homes. Lincoln Station Denvers first transit-connected, high-urban design, mixed-use community, served by pedestrian, auto, bus and rail traffic Anchor to vibrant Goburb Village: 500,000 sf office 50,000 sf retail Doorstep amenities include retail, restaurants, residential New workstyle/lifestyle with pedestrian- oriented public spaces and promenades Access to more employees via Light Rail Close proximity to Sky Ridge Medical Center complex and Park Meadows Mall Signature I-25 identity
Housing Near Freeways Campus Village Apartments (Phase I) is a student housing project located at the former Atlas Metals Company property. The project contains 230 dorm-like units totaling 685 beds. This $50.4 million project was co-developed by Urban Ventures and the Univ. of Colorado Real Estate Foundation in 2006. The 5-story building is located adjacent to the I-25/Auraria Parkway interchange.
Housing Near Freeways Campus Village Apartments is the first student housing to be built adjacent to the Auraria campus. Unlike most student housing, Campus Village Apartments are also open to faculty and staff from all the schools sharing the Auraria Campus; University of Colorado at Denver, Metropolitan State College of Denver and Community College of Denver. The University of Colorado at Denvers international students and first-year students not living with their parents are required to live at Campus Village.
Housing Near Freeways Planning is underway for the second phase of the Campus Village Apartments. The new complex will be located south of Phase 1 and will cover all of the land west of 5th Street and south of Larimer Street extended. Phase 2 will include nine buildings ranging from 4 to 14 stories in height. As part of the West Corridor light rail line construction, the Auraria West Campus station will be relocated slightly north of its current location and a section of the Central Platte Valley light rail line will also be realigned. Campus Village Phase 2 will be located on the west side of the new Auraria West Campus station.
CAC Discussion Questions of staff or consultant Responsiveness of draft alternatives to evaluation criteria Additional information needed/desired
Evaluation Topics Market Feasibility Economic Development Compatibility with Adjacent Neighborhoods Environmental Quality/Character Corridor Character Parks, Open Space, and Recreation Integration of Land Use and Transportation Fiscal Feasibility Partnerships
Agenda Item 4 – Discussion of Preferred Alternative
Agenda Item 4 – CAC Discussion How would you like the corridor to look and function in the year 2030? What should be the long-term corridor character? How can economic development and land use change help retrofit the corridor to achieve that character? What (generally) are appropriate building heights and densities? What is the best mix of land uses and transportation improvements? What makes this employment area different from other areas, in terms of businesses it attracts, where it fits in the citys overall economic picture, and its relationship to surrounding neighborhoods? What is the primary objective we are trying to achieve in geographic subareas, and how is that best accomplished?
Agenda Item 4 – CAC Discussion Does any one of the draft alternatives serve as a desirable starting point for developing a preferred alternative? Is there consensus around a central theme that should be reflected in a preferred alternative? Is there consensus around a desirable mix or balance of uses? Are there some elements of the draft alternatives that should definitely be included in a preferred alternative? Are there some elements of the draft alternatives that should definitely be excluded from a preferred alternative?
Public Outreach Open House Tuesday, October 18, 2011 Robinswood House Cabana 2430 148 th Avenue SE 4:00 – 6:00 PM
Michael Bergstrom Planning & Community Development Department email@example.com 425-452-6866 Franz Loewenherz Transportation Department firstname.lastname@example.org 425-452-4077 Project Managers: Additional Information www.bellevuewa.gov/eastgate-corridor.htm