.....Advertisement.....
.....Advertisement.....

Urban renewal authority tabs Regen LLC as master developer of Greyhound Park site

-A A +A

Planned mixed-use redevelopment set to include residential, retail and education

By The Staff

COMMERCE CITY — The Commerce City Urban Renewal Authority Board tabbed Real Estate Generation LLC (REGen), during their March 3 meeting as the master developer for the redevelopment of the Mile High Greyhound Park site.

The board voted 8-1 to select REGen after both REGen and Woodhawk Development submitted proposals to the board following last year’s request for qualifications.

 

Representatives from both REGen and Woodhawk previously presented their credentials and ideas for the redevelopment site at the Feb. 10 meeting. According to a city news release, Woodhawk withdrew from consideration prior to the March 3 vote.

“In evaluating the options before the CCURA, the Board believes the REGen, LLC proposal offers Commerce City the greatest opportunity to realize the potential of the site — consistent with community expectations — and recoup its investment,” said Chairman Mayor Sean Ford in the release. “REGen’s unique approach to sustainable development, educational and workforce training programs will be a model for future infill urban renewal projects.”

City officials cited the mixed-use development concept proposed by REGen is consistent with previous planning activities for the site, including elements such as: multi-family residential, retail, parks and open space, civic uses and education facilities.

The cornerstone of the REGen proposal is a construction skills training campus coupled with a proposed systems-built modular manufacturing facility in the site’s northwest corner. 

The campus is intended to be a permanent facility for the construction of residences both on the redevelopment site and for the greater metro area, with training for carpentry, plumbing, mechanical systems, structural framing, electrical, and construction management.

“We are very excited for the opportunity to work with the City, residents, and businesses of Commerce City to redevelop this important asset. We have assembled a great team with proven success in this type of urban infill redevelopment and the Urban Renewal Authority has done a terrific job of getting the site ready for redevelopment. We look forward to getting to work and taking the next steps to make this vision a reality,” said Rick Wells, principal of REGen, LLC., in a statement.

Denver-based REGen, LLC, plans to partner with a number of others in the redevelopment effort, including:

• The Michael’s Organization, which focues on housing and urban redevelopment;

• Primestor, a Los Angeles-based retail developer; 

• Solar Village, a Boulder-based design firm focused on green and sustainable building; 

• And RNL and Kimley-Horn and Associates, who primarily focus on land planning, urban design, and transportation and civil design services.

  Negotiations on an agreement with REGen to serve as master developer are underway.