COMMERCE CITY — Two visions for redevelopment of the former Mile High Greyhound Park site were presented Feb. 10 to the Commerce City Urban Renewal Authority.
Both Real Estate Generation LLC (REGen) and Woodhawk Development were invited to showcase their plans for the 65-acre property after successfully submitting ideas after URA put out requests last October for the project.
The URA board is slated to select one of the groups to become master developer of the project at their March 17 meeting.
Kevin Hawkins of Woodhawk Development spoke first, emphasizing that Woodhawk are not merchant developers and have no intention of selling their stake once building has finished to another concern who would then manage and maintain.
“We are investment developers. We invest for our own portfolio and retain our projects long term,” Hawkins said.
Hawkins cited a number of metrowide projects WoodHawk has been involved with, including the Adams Crossing project near the Adams County Government Center and the impending Aurora MetroCenter near Alameda Avenue and Chambers Road in Aurora.
Rick Wells, of REGen, then addressed the board with a focus on “the rebirth of a Commerce City jewel” and building something substantial and sustainable in the space that had such a rich history for the city.
The REGen site plan, conceptual in its nature, envisions four separate zones for the development:
• The Community Zone on the eastern section, featuring the Boys & Girls Club and a community park.
• The Residential Core in the center of the redevelopment, featuring a mix of apartments, townhomes and single-family homes.
• The Retail and Cultural Core in the southwest corner of the site, featuring a community plaza and pad retail sites along with large retail and Main Street-style retail spaces.
• And the Training and Education Center in the northwest section, featuring office, educational and laboratory-focused facilities.
Earlier in the meeting, an update was given on the planned Suncor Energy Boys & Girls Club, noting that 70 percent of the funds needed for the $5.1-million project had been raised, and than 80 percent is needed to commence construction.
Council was also advised on an impending vote on a loan addendum between the city and the URA to cover $250,000 in additional demolition and remediation costs that would cause a deficit based on the previous loan for the project.