City Council Agenda and Packet 2011 09 06

Home Browse Search

KOELBEL AND COMPANY 5291 E. YALE AVENUE • DENVER, COLORADO • 80222 (303) 758.3500 FAX (303) 758.6632 June 6, 2011 Sean McCarthy Principal Planner City of Louisville 749 Main Street Louisville CO 80027 Dear Sean, On behalf of Koelbel and Company, I appreciate the planning department's support in processing the new directional sign at 459 S. McCaslin Blvd. Koelbel and Company has a longstanding vested interest in Centennial Valley as the master developer of the business park. Our goal continues to be attracting major employers and quality retail tenants to the City of Louisville. Along with Louisville's support, we have been able to create an energetic retail environment at 459 S. McCaslin Blvd that has attracted many new restaurants, retail shops and retained Starbucks within Louisville. The walkable retail base has been a significant draw for many of the major employers that have located in Louisville. Therefore, we believe it is important for the community to maintain a strong and attractive retail mix. While new retail buildings are designed with a 45 ft to 60 ft bay depth, this redevelopment presented a challenge in that the depth of the building is 90 ft. We were required to split the building in order to successfully lease the seven retail spaces on the McCaslin facing side of the building. This has left several spaces that do not have McCaslin frontage and have 30 ft bay depths. We have had multiple deals fall apart due to the visibility regardless of concessions and our significant reduction in rent. We currently have a letter of intent with a national retailer that can compliment the existing retail uses and add an additional amenity to Louisville. The lease is contingent on our ability to construct a directional sign that includes their logo and directs traffic within the center to the west side of the building. We would like to formally request a 3.5' x 6' directional sign within the median at the entrance off McCaslin Blvd to provide identification for the retailers located on the back side of the building. It's essential that this sign include the retailers' logos in order to provide identity and location of their store. The sign design, as depicted on the attached Exhibit, will be representative of a first class retail center and tie into the existing shopping center design. Sincerely, Scott Yeates Commercial Developments Koelbel and Company REAL ESTATE SALES • CONSTRUCTION LAND DEVELOPMENT • PROPERTY MANAGEMENT INVESTMENTS WWW.KOELBELCO.COM 36