Economic Vitality Committee Agenda and Packet 2024 08 16

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LCityof Louisville ECONOMIC VITALITY COMMITTEE COLORADO • SINCE 1878 SUBJECT: DEVELOPMENT UPDATES DATE: AUGUST 16, 2024 PRESENTED BY: VANESSA ZARATE, CECD, ECONOMIC VITALITY MANAGER SUMMARY: UPDATE In the following, Staff provides updates on recent activity related to construction and development. These updates are for the most frequently asked about sites and not for every site in a review process or under construction. All updates and timeframes are subject to change. Site Update 785 E South Boulder Road (former Shamrock has opened in this location, Alfalfa's) holding a ribbon cutting on July 18tn Feedback that staff has received has been positive for the new business. 800-804 Main Street (former Wildwood The site is undergoing a Historic Guitars) Structure Assessment. No new updates. 809 Main Street (old Waterloo) Project continues construction work to the building, including utility and infrastructure work. The site is working with interested tenants, such as restaurants. No lease signed to date. 816 Main Street (former Empire) The site continues to be marketed for sale. Staff is working with ownership and interested parties towards a sale. No contract or lease signed to date. 833 Main Street (former Chase) The City has a contract with the new owner to lease parking on the site until the first week of November. The LRC is also working with the owner for a case study on highest and best use for the property. 950 Spruce Street (Live -Work Units) Project is under construction to create additional live -work units. 947 Pine Street (former gas station) Plans call for renovation into Birdie Bar, an eatertainment use with a bar/restaurant and simulated (virtual) golf games. 1171 W Dillon Road (former Lowe's) City Council approved a Business Assistance Package for the property to