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 AOption 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 56 th 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