City of Glendale, CO Announces A New Entertainment District
GLENDALE, Colo., April 6, 2015 /PRNewswire/ -- Today, the City of Glendale, Colorado, introduced Glendale 180, a dining and entertainment development that reestablishes Glendale's position as the essential social hub of the Denver area.
Located five miles southeast of downtown Denver and less than one mile from the Cherry Creek Shopping District, the City of Glendale is already known as a great place to do business. Its Infinity Park complex, including the internationally-known rugby stadium, state-of-the-art event center, high-altitude training center, and park and recreation facilities, has become a premier destination for families, athletes, and corporate enterprises alike. Glendale 180 will enhance that reputation, marking Glendale's return as the place where people from across the region come together to play, unwind, and create lasting memories.
RETURNING TO GLENDALE'S ROOTS
Glendale 180 simultaneously marks a bold investment in the future and a revitalization of a Glendale that, for now, lives only in photographs and memories. Area residents can recall fine dining at the Colorado Mining Company, spending Saturdays at the Disney-backed Celebrity Sports Center, waiting in line to watch the original Star Wars on the Cooper Theater's curved screen, or dancing all night at The Lift. While Glendale has seen an economic resurgence in the past decade, spurred on by the success of Infinity Park and a business-friendly atmosphere, the buzzing social scene created by those former staples has been missing. Glendale 180 fills that gap.
Glendale 180 is a nexus of entertainment and relaxation. It's the home base for all types of people and occasions. It's the go-to place for coffee and breakfast in the morning; a serene setting for a mid-morning walk or a jog amid Colorado wildflowers; and, located just off Cherry Creek, the perfect waypoint to grab a snack on a sunny, weekend bike ride. In the evening, with the orange hues of a Rocky Mountain sunset as its backdrop, the central park will swell with thousands of people, walking and talking, on their way to one of the area's best restaurants, most innovative taverns, or cool new entertainment venues.
"This is a return to Glendale's roots," said Mary Beth Jenkins, president of The Laramie Company, which is coordinating leasing of Glendale 180. Serving as a bridge to the future while also channeling the best of Glendale's past, it's not simply a collection of businesses surrounded by a sea of asphalt. It's open spaces, an active community, and the same breezy disposition found while exploring Colorado's wilder areas. Designed to have a strong sense of place and a distinct identity, Glendale 180, itself, will be a destination. People will head to Glendale 180 to unwind and recharge in its meeting spots. In a sense, the 42-acre site will become Glendale's newest neighborhood.
CREATING AN OASIS IN THE CITY
The sum of Glendale 180 is certainly greater than its individual parts, but the details of those parts are still noteworthy. The design of the $175-million project reflects the active outdoor lifestyle that Coloradans cherish. Ample green space on either side of Cherry Creek highlights the bike paths and the creek's natural beauty while also creating a buffer between Glendale 180 and the roadway. Glendale 180's role as an "oasis in the city" will be enhanced by the thousands of flowers, trees, and bushes planted throughout, a botanic garden that everyone can enjoy year-round. These colorful plants and the water features mimic the canyons and meadows found in the distant mountains. The playful spontaneity of nature influences everything from sidewalks to buildings. Gentle curves replace the rigidity of straight lines, inviting exploration along its meandering walkways and creating many unexpected meeting places. Natural light and shade intermingle and balance each other.
The lineup of tenants is currently being assembled with a discerning eye and will bring the 300,000 square feet of leasable space to life when construction wraps up in 2017. After analyzing data about the needs and demographic profiles of the densely populated surrounding area, the leasing team has been canvassing the country looking to create a specific vibe. "We marry market data with the city's vision," Jenkins said. "We are very careful about the tenant mix we're going after: It's a mix of traditional anchors, fine dining, and fun concepts you won't find anywhere else in Colorado."
REBUILDING THE HEART OF THE CITY
Just as people will use Glendale 180 to energize and recharge, so too will Glendale 180 help energize the area by eliminating the blighted conditions that currently exist. More than 1,100 people will help construct Glendale 180. "Once the project gets going, we will average between 300 and 400 workers on the site," said Mark Huber of Turner Construction. "We expect that when it's all said and done, over 1,000,000 man hours will be used to build the project."
The average household income in the 3-mile radius is $83,000, which will help support more than 1,000 employees who will work in Glendale 180 when it opens. It will complement the recently redeveloped CitySet and the nearby Cherry Creek Shopping District.
The outdoor space will sit south of Virginia Avenue, between Colorado Boulevard and Cherry Street, one of the most travelled portions of the Front Range. About 100,000 vehicles pass through daily, many of which carry the 140,000 employees who work within 3 miles. Each month, the area sees 37,000 cyclists and runners on the Cherry Creek bike path. Almost a half million people live within a 5-mile radius, and nearly 1 million live in the primary trade area. To accommodate everyone, more than 2,200 parking spaces will be created for Glendale 180 through a mix of underground and multi-story parking that will minimize the footprint left by vehicles. Bicycle parking will also be scattered throughout.
A world-class team has come together to make this project a reality. Wulfe & Co., based in Houston, brings its development expertise with multi-level, urban-based, retail and entertainment projects. Gensler has created a transformative design that blends urban life and nature's elements. Turner Construction, one of the largest construction management companies in the US, will be the general contractor. Martin/Martin will provide both structural and civil engineering services; and Syska Hennessy will provide MEP engineering services.
Other partners collaborating on this project include Watry Design (parking), Kumar and Associates (geotechnical), TDA Colorado (traffic), Wright Water Engineers (hydrology/floodplain), OJB (landscape architect), Taylor and Miller LIGHT (lighting design), and Square Peg Design (signage and wayfinding).
Public financing for the project is being undertaken by both Stifel and DA Davidson, two giants in the investment banking industry. HFF, one of the largest and most successful commercial real estate capital intermediaries in the country, is securing the private financing.
Leasing activities have begun, led by The Laramie Company, and the announcement of anchor tenants will be coming soon.
Groundbreaking for Glendale 180 is expected in Fall 2015 for a planned Fall 2017 opening.
Media Contact:
Mike Gross, Project Representative
[email protected], 303.639.4714
www.glendale180.com
Video - http://youtu.be/Me02rkTNIvs
SOURCE City of Glendale
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