Transcript High-Speed Intercity Passenger Rail Leadership Group Presentation October 18, 2013 Denver Union Station A 25 Year Story....and Counting • Civic and Political Will • Big.

High-Speed Intercity Passenger Rail
Leadership Group Presentation
October 18, 2013
Denver Union Station
A 25 Year Story....and Counting
• Civic and Political Will
• Big Vision with Persistence
• Public Investment As A Catalyst For Private
Investment
• Place Making Is Important; Design Is
Important
• Transparent, Accountable, & Inclusive
Denver’s Central Platte Valley Rail Yards
Denver’s Central Platte Valley: Late 1980s
Denver’s Central Platte Valley Rail Yards
DUS
LODO
Historic
District
Denver’s Central Platte Valley: 1990s
NEW PARK AVENUE
OVERPASS
Cuernavaca
Park
Prospect
Housing
Coors Field
LODO
Historic
District
DUS
Commons
Park
REMOVAL OF 16TH
STREET VIADUCT
NEW 15TH STREET
AND UNDERPASS
Denver’s Central Platte Valley: 2000s
NEW PARK AVENUE
OVERPASS
Cuernavaca
Park
Prospect
Housing
Coors Field
LODO
Historic
District
Riverfront
Housing
By East West
Partners
Commons
Park
DUS Transit Center
DUS
REMOVAL OF 16TH
STREET VIADUCT
EPA/Hines
Kennedy/TCC
NEW 15TH STREET
AND UNDERPASS
FasTracks Program
Multi-Modal Vision for the Metropolitan Area
• Voter approved November
2004
• 119 miles of Rail Rapid Transit
(LRT/CRT)
• 18 miles of Bus Rapid Transit
(BRT)
• 31 new park-n-Rides with
over 21,000 new spaces
• Enhanced Bus Network &
Transit Hubs (FastConnects)
Major Transit Elements
Transit Framework
• 8 track CRT (plus expansion)
– East (DIA) - 2016
– North Metro (I-25 North)
– Northwest (Boulder)
– Gold (Arvada/Golden) - 2016
– Amtrak - 2014
• 3 track LRT
– Existing Southwest & Southeast - 2011
– West (Lakewood/Golden) - 2013
• 22 bay regional bus facility - 2014
– 16 regional
– 4 Downtown Circulator
– 2 commercial bus
• 16th Street Mall Extension - 2011
• Downtown Circulator
DUS - Transit Infrastructure
LIGHT RAIL + MALL SHUTTLE
STATIONS
REGIONAL BUS TERMINAL
Wewatta Plaza
COMMUTER RAIL
TERMINAL
DUS HISTORIC
BUILDING
View to East Toward Downtown
Light Rail
SITE PLAN
Train Hall
DUS
DUS Project Cost Summary
Light Rail
$ 69.6 M
Passenger Rail
$153.7 M
Regional Bus
$191.2 M
Streets & Public Spaces
$ 65.3 M
DUS Renovation
$
0M
$479.8 M
Public Finance Summary
Cash Sources
FHWA
FTA
CDOT
DRCOG
RTD
CPV District
Total Grants
Cash Sources
Description
PNRS
5309
SB-1
TIP Funds
ARRA (stimulus) Grant
ARRA (stimulus) Grant
RTD FasTracks Contribution
Bond Funds
Amount
$ 45.3 M
$ 9.5 M
$ 17.4 M
$ 2.5 M
$ 18.6 M
$ 9.8 M
$ 40.8 M
$ 1.1 M
$145.0 M
Other Sources
Proceeds from Sale of RTD Sites
New Contributions from RTD
Contributions from Amtrak
Miscellaneous Reimbursements
Total Other Sources
$
$
$
$
$
TOTAL CASH SOURCES
$ 179.2 M
Required Financing
26.3 M
5.1 M
.3 M
2.5 M
34.2 M
$300.6 M
Public Finance Summary
Loan Sources
TIFIA Loan Proceeds
RRIF Loan Proceeds
Total
USDOT Loan Structure
Amount
$145.6 M
$155.0 M
$300.6 M
Repayment Sources
Description
RTD Bond
Voter Authorized Sales Tax Proceeds
City Tax Increment Proceeds
Property, lodger’s & sales tax
increment from properties in DDA
Metro District Mil Levy
Additional property mil levy
captured as increment from DUS
property (capital and maintenance)
Construction Progress as of Sept. 30th , 2013
Spent $440M / 92%
% Complete By Mode
LRT - 99.5%
CRT - 81%
Bus - 97%
Streets & Plazas - 95%
Light Rail
• LRT Final Acceptance Obtained December 22, 2011
• LRT Plaza Opened on May 18, 2012
Regional Bus Facility
as of July 31, 2013
View Of Train Hall Canopy From Pedestrian Bridge Near North Wing Building
Stairs & Elevator
Aerial View of the Train Hall Canopy and Denver Union Station
Formwork Progressing For Stairs No. 3 & 4 From Pedestrian Bridge To
Platforms No. 2 & 4
DDA Development by Land Use
As of August, 2013
Uses
Feasibility Study
Absorption Range (Lo/Hi)
2009 - 2019
As of August, 2013
Built or Under Construction/
Plus Under Design
Office
418,000 – 628,000 SF
1,117,500 – 1,830,500 SF
Retail
193,000 – 245,000 SF
163,500 – 266,500 SF
Commercial
611,000 – 873,000 SF
1,281,000 – 2,097,000 SF
(2019 – 2024 Time Frame)
112 – 288 Rooms
1,520 – 1,930 Units
1098 – 1,348 Units
Hotel
Residential
*Taxes Received To Date are 80% Above Forecast
*Estimated Market Value of Projects Built or Under Construction - $734 Million
*Parking Spaces in Projects Built or Under Construction – 3,270 Spaces
2
1900 16th STREET
(September 2009)
17 Story Office Building featuring
Retail & Living Space
14
3
DAVITA WORLD
HEADQUARTERS
4
NORTH WING BUILDING:
IMA FINANCIAL PLAZA
(August 2012)
(November 2013)
(December 2013)
14 Story Office Building
featuring Parking
5 Story Office Building ft. Retail,
Restaurants & Parking
5 Story Office Building
featuring Retail
CADENCE APARTMENTS
(Fall 2013)
13 Story, 219 Apartment Building
ft. Retail & Parking
6
7
16 CHESTNUT
(TBD)
5
19 Story Office Space
featuring Parking & Retail
18TH STREET10
10
17TH STREET
CHESTNUT STREET
1
13
9
112 Room Boutique Hotel &
Retail
WEWATTA STREET
DELGANY STREET
8
15TH STREET
11
16TH STREET
17 WEWATTA
(Spring 2016)
HISTORIC DENVER
UNION STATION
(Summer 2014)
14
2
13
5
SOUTH WING BUILDING:
ONE UNION STATION
19TH STREET
1
7
ALTA CITY HOUSE
(Spring 2014)
12
COMPLETED
6
3
250 Unit Apartment, 150 Room
Hotel, Office, & Grocery Space
UNDER
CONSTRUCTION
18TH STREET
4
5 Story, 280 Unit Apartment
Building
UNDER DESIGN
WYNKOOP STREET
12
16th
& WEWATTA:
OFFICE BLDG & HOTEL
(Late 2015)
5 Story Office Building, 160
Room Hotel, & Retail
11
TRIANGLE PARCEL:
16 WEWATTA
10
1601 WEWATTA
(Q2, 2015)
(Spring 2015)
10 Story Office Building ft.
Parking, Retail, & Office Space
9
20th & CHESTNUT
KING SOOPERS
8
1650 WEWATTA
(December 2014)
(April 2015)
10 Story Office Building ft.
Retail & Parking
312 Unit Apartment featuring
King Soopers Grocer
21 Story, 287 Unit Apartment
Building ft. Retail & Parking
August 2013
1
1900 16th Street
Developer:
Contractor:
Architect:
Date Began:
Date Completed:
Square Footage:
Trammell Crow Company
Saunders
Tryba Architects
October 2007
September 2009
400,000
Notes:
 Seventeen story building developed in 3
phases includes: Approximately 600,000 SF of
Class A office and supporting retail space, 100150 residential units and 1,400 parking spaces
when completed
 The first phase multi-tenant office building
consisted of 385,000 SF office Space, 24,000 SF
of retail and 1,086 parking stalls
 Achieved LEED - Gold Certification
2
DaVita World
Headquarters
Developer:
Contractor:
Architect:
Date Began:
Date Completed:
Square Footage:
Trammell Crow Company
Saunders
MOA
December 2010
August 2012
260,000
Notes:
 The 2nd phase of the 1900 16th Street project
serves as DaVita’s world headquarters and
features a DaVita information center on the
first floor along with training rooms and a
kidney dialysis training facility. DaVita
University, 265 parking space, a top floor open
air terrace, and teammate cafeteria also
included.
 Accommodates approximately 950 DaVita
teammates
 Achieved LEED - Gold Certification
3
North Wing Building:
IMA Financial Plaza
Developer:
Contractor:
Architect:
First Century Development
Haselden Construction
Anderson Mason Dale
Architects
Date Began:
April 2012
Scheduled Completion: November 2013
Square Footage:
112,000
Notes:
 Five story office building with two parking levels
below ground
 Retail and restaurants operating on the ground
floor
 IMA Financial Group Inc. corporate office space
will be on the upper four levels
 Pursuing LEED - Gold Certification
 Construction photos are on the next page
3
North Wing Building: IMA Financial Plaza
Construction Photos
4
South Wing Building:
One Union Station
Developer:
East West Partners/Starwood
Capitol Group
Contractor:
Kiewit Building Group
Architect:
Anderson Mason Dale
Architects
Date Began:
August 2012
Scheduled Completion: December 2013
Square Footage:
110,000
Notes:
 Five story office building
 Antero Resources, the lead tenant, will reside in the
2nd, 3rd, 4th, and 5th floors; 1st Floor Retail
 Pursuing LEED - Gold Certification
 Construction photos are on the next page
4
South Wing Building: One Union Station
Construction Photos
5
Cadence Apartments
Developer:
Contractor:
Architect:
Date Began:
Scheduled Completion:
Square Footage:
Zocalo
GE Johnson
JG Architects
May 2012
November 2013
8,000 SF Retail
219 Unit Apartment
Notes:
 Thirteen story apartment building containing
219 apartments
 Includes a parking garage and 8,000 SF of
retail on the ground level
 Pursuing LEED Gold Certification
 Construction photos are on the next page
6
Historic Denver Union
Station
Developer:
Contractor:
Architect:
Union Station Alliance
Milender White Construction
Tryba Architects & JG Johnson
Architects
Date Began:
December 2012
Scheduled Completion: Summer 2014
Square Footage:
112 Room Hotel
21,000 SF Retail
6,500 SF AMTRAK/Transit
Main Floor Train Hall Remains
Public Space
Notes:
 Remodeled into a 112 room boutique hotel
residing in the 2nd and 3rd floors with retail and
restaurants on the ground floor
 Amtrak will operate out of the ground floor
 Historic Central Train Hall remains an open public
space
 Construction photos are on the next page
6
Historic Denver Union Station – Construction Photos
Upper Front View
Upper Side View
Lower Back View
Upper Back View
7
Alta City House
Developer:
East West
Partners/Wood Partners
Contractor:
Wood Partners
Architect:
Paul T. Bergner
Associates
Date Began:
November 2012
Scheduled Completion: Spring 2014
Square Footage:
280 Unit Apartment
Notes:
 Five story apartment building containing 280
units
 Construction photos are on the next page
8
Block A:
1650 Wewatta
Developer:
Contractor:
Architect:
Date Began:
Scheduled Completion:
Square Footage:
Holland Partners
Holland Partners
Shears Adkins Rockmore
January 2013
December 2014
6,000 SF Retail
287 Unit Apartment
Notes:
 Twenty-one story apartment building with
287 apartments
 287 total parking spaces will be provided on 2
underground levels as well as levels 2-4, while
ground floor will include 6,000 SF of retail.
Apartments will be on levels 5 through 21
 Pursuing LEED – Gold Certification
 Construction photos are on the next page
9
20th & Chestnut
Developer:
Contractor:
Architect:
Date Began:
Scheduled Completion:
Square Footage:
Greystar
Martines Palmeiro Construction
The Molhern Group
April, 2013
April, 2015
55,000 SF Retail
312 Unit Apartment
Notes:
 Five story multi-use building
 Includes 42,000 SF King Soopers grocery and 13,000
SF of additional ground floor retail
 The four top floors will contain 312 apartments
 Construction photos are on the next page
10
1601 Wewatta
Developer:
Contractor:
Architect:
Scheduled Start:
Scheduled Completion:
Square Footage:
Hines/Perlmutter
Whitting - Turner
HOK
August, 2013
Q2, 2015
300,000
Notes:
 Ten story multi-tenant office building
 Four levels of underground parking with 400
parking spaces
 17,500 SF of retail on the ground level
 Pursuing LEED - Platinum Certification
 Construction photos are on the next page
11
Triangle Parcel:
16 Wewatta & The Bike Hub
Developer:
Contractor:
Architect:
Scheduled Start:
Projected Completion:
Square Footage:
East West Partners/
Starwood Capital Group
TBD
TBD
October, 2013
Spring, 2015
220,000 SF Office
16 Wewatta
Notes:
 Ten story office building
 Two underground parking levels, ground level
containing retail, and nine floors of office space
 The Bike Hub offers bike racks, heated locker
rooms with toilets and showers, and bike maintenance
 Pursuing LEED –Gold Certification
The Bike Hub
12
16th & Wewatta:
Office Building and Hotel
Developer:
Contractor:
Architect:
Scheduled Start:
Projected Completion:
Square Footage:
Continuum Partners
TBD
TBD
Q1, 2014
Q3, 2015
200,000 SF
176 Room Hotel
Notes:
 Five story office building
 Office building includes 35,000 SF of office
space and 16,000 SF of retail
 Nine story hotel with 176 rooms
13
17 Wewatta
Developer:
Contractor:
Architect:
Scheduled Start:
Projected Completion:
Holland Partners
Holland Partners
TBD
TBD
TBD
Square Footage:
105,000 SF, including
45,000 SF Retail and
60,000 SF Office
250 Unit Apartment
Notes:
 Property contains three buildings including 60,000
SF of office and, 45,000 SF of retail with grocery
space
 60,000 SF of office space will be located above
grocery
14
16 Chestnut
Developer:
Contractor:
Architect:
Scheduled Start:
Projected Completion:
Square Footage:
East West
Partners/Starwood
Capital Group
TBD
Gensler
March, 2014
TBD
440,000 SF Office
Notes:
 Nineteen story office space
 Underground and above ground parking as
well as ground floor retail
 Possible pedestrian bridge to connect
Millennium Bridge with Mezzanine level of
lobby.