Revitalization Commission Agenda and Packet 2011 06 13

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Revitalization Commission Agenda March 21, 2011 Page 2 of 3 scale and measured development. The small scale might be more appropriate for redevelopment. QUESTION #2: Panelist suggested that MXD is a maybe. The o ability to redevelop in the URA will need to have a strong residential component. Vertical mixed use is going to be more difficult than horizontal development. There are great set a resources to draw from in the LRC. The area needs a vibrancy. There might not be enough person traffic to support the ultimate retail land uses. There appears to be a strong market for residential. Proportion of the GLA to the market demand should be well prepared. It will be important over time to incrementally th develop over time. Northglenn at 120 and I-25 had great expectations of the redevelopment, but did not have a market th understanding. The project is still not happening. 29 street is very well leased but the MXD areas near Syracuse have been difficult to lease. A series of smaller buildings with non- perspective use are critical. The ground floor uses should be compatible with the neighborhood but not prescribed. The current architecture in the area might wrestle with the type of architecture that is required for MXD QUESTION #3 The balance of retail and residential should be o market ready. The desire to push more development when the plan suggests should be balanced with the market demand. The best opportunity in the current market is very strong. This is the seed for future “wallets” in the LRC. It will be important to determine where the housing is most appropriate and can support existing/future retail. South Boulder Road/ Highway 42 might not be the best for residential. The role of the form based code in Denver is a potential model to allow product to adapt to the market over time. Main Street can continue to grow and can be compatible with Cannon Street, but should not be prescribed. QUESTON from Michael M: Are the current restrictions holding o up the redevelopment and are they over perspective? In some cases yes. It will be important to scale down the development expectation to meet the market desires. The market could be ready for 20 DU/acres, but might be challenges with the parking requirement and podium. QUESTION from Emily: What are successful connections from o peer examples? QUESTIONS from Carlos: Should we expect You should have o the residential and office first. There might not be intention retail. TOD station does not make the market for retail. The ground floor retail in Englewood has struggled. Services are occupying the ground floor services. QUESTIONS from Rick: How does the fiscal impact requirement o for parcels fit into the redevelopment in Louisville? The modeling should look beyond the current standard. The benefit from development would be stronger. QUESTONS from Mayor: Do we need have the connection open o for development to occur? Main Street will get longer and better