Laserfiche WebLink
Louisville <br />COLORADO • S1NC <br />LOUISVILLE REVITALIZATION <br />COMMISSION <br />SUBJECT: <br />DATE: <br />DOWNTOWN PROPERTIES UPDATE <br />FEBRUARY 13, 2017 <br />PRESENTED BY: AARON DEJONG, ECONOMIC DEVELOPMENT <br />Blue Parrot Property <br />The Blue Parrot Property sold on January 31 to 1882 Ventures LLC. The new owners <br />have leased the basement area to Tilt Pinball and are looking for a restaurant operator <br />for the main floor. They do not have any major renovations planned outside tenant <br />improvements for the new tenants. <br />Waterloo Expansion <br />Josh Karp, owner of the Waterloo, is expanding their downtown operations into 817 <br />Main Street. Josh bought the building in 2015. The Waterloo will be making significant <br />tenant improvements to the 1St and 2nd floors to better serve their food and dining <br />operations. <br />Community Vacancy Rates <br />Xceligent, the commercial property database the City subscribes to, comprises vacancy <br />data for the Denver Metro Region. Q4 data is reported for the Boulder Area, as well as <br />the Northwest area (which covers Louisville). Staff has comprised the available existing <br />building vacancy rates for Louisville properties in the database. <br />Q4 2016 Vacancy Rates by Area <br />Boulder Market Northwest Louisville <br />Commercial 8.7% 10.5% 4.53% <br />Industrial 4.7% 3.5% 7.49% <br />Retail 4.68% 5.72% 1.7% <br />*Database only includes existing buildings submitted into the database; database does <br />not encompass all buildings. <br />