Denver city leaders this week are poised to endorse an ambitious downtown neighborhood plan that could set the stage for the next mega-wave of urban development.
The neighborhood doesn’t yet exist, but it’s easy to see the potential in the sea of surface parking lots surrounding the Pepsi Center and next to Elitch Gardens Theme and Water Park: rare large-scale space to build new towers — even skyscrapers — containing thousands of apartments and condos, offices and hotels, and street-level restaurants and stores, all within an easy walk of transit stops and the South Platte River.
Eventually, if one developer’s still-conceptual plans pan out for the 62-acre Elitch’s property, the amusement park could be relocated to make way for the redevelopment of what’s been its home since 1995.
A conceptual master plan filed with the city in March calls for several skyscrapers taller than 40 stories, with the tallest reaching 59.
Those plans, which call for housing for as many as 15,000 residents, are far from coming to fruition. In Revesco’s development time frame of 25 years or so, the plans will be at the mercy of the economy and market forces.
Screenshot from Denver City Council presentationThe area looked at by planners for the Central Platte Valley Auraria District includes more than 60 acres of surface parking, outlined in yellow. Most of it is near the Pepsi Center and Elitch Gardens Theme and Water Park.
The amusement park’s owners stress that it’s probably there to stay at least for several years, with the focus in the first phase of development focused squarely on the lots near Speer Boulevard. It would start by building a parking structure to replace that parking.
But the City Council’s expected approval of an amendment to the Downtown Area Plan on Monday will mark a significant step for the wider area, …read more
Source:: The Denver Post – Politics