COS By The Numbers || September 29, 2017

There is a lot of development news in this version of COS By The Numbers – including details on the new bike share program launching in 2018! However, before you dive in, I would like to direct your attention to this amazing letter by State Senator Michael Merrifield in response to a recent Gazette editorial regarding educational funding. I’m not sure the Gazette Editorial Board (the “FWB”) does much research before their columns go to print. They certainly aren’t great at creating logical arguments, but the responses they generate are well worth it. Kudos FWB! Your COS By The Numbers: 

45,000 square feet

The total rentable space of the South Tejon building that was recently purchased by Niebur Development. The building, former home of Southside Johnny’s, will undergo extensive renovations and will host the Denver based Atomic Cowboy, Denver Biscuit Company and Fat Sully’s New York Pizza concept. Renovations include adding a second floor and rooftop space to the old Southside Johnny’s part of the building. We are incredibly excited for all of this and look forward to our cholesterol, liver damage measurements and cheese intake dramatically increasing in 2018. [Colorado Springs Business Journal]

208

The number of new eight-speed bikes that will be available in May of 2018 as part of the first phase of the city’s BIKE SHARE PROGRAM!!!!! Announced at the Downtown Partnership Annual Breakfast, the first phase of the bike share program will have 26 stations, 364 docks and will have a four square mile coverage area. The first phase will focus on downtown, the Old North end and Colorado College. Phase 2 will launch in 2020 and will incorporate the Westside and Ivywild. What do you guys think? Excited? Skeptical? Curious about how many bikes will be stolen by homeless people? [Downtown COS]

3

City Council recently approved three new “special districts” in the southwest portion of downtown. We talked briefly with Councilwoman Jill Gaebler about how a special district works in Episode 100. Briefly, a special district allows the entity (or entities) to build in the district and then recoup some or all of those costs by having taxes in the district diverted back to the private entities. The trade off is the prospect that the new developments will create jobs and additional tax revenue. The downside to a special district is they tend to be granted for the big development groups – not necessarily the new or growing business that wants to relocate downtown. Special districts also look kind of like hand outs to the big developers, which will inevitably lead to allegations that City Council is in the pocket of companies like Nor’wood. Calm down people! We need development – it helps the city grow and thrive. [The Gazette]

1,000 feet

The height of a proposed new skyscraper in Denver, according to Greenwich Realty Capital, a Manhattan based developer. The new building would contain a hotel, 22,000 square feet of retail space, 500 parking spots and 284 luxury condos. The building would be the tallest in Denver, towering 286 feet over the current tallest building in the city; the 56 story Republic Plaza. Is this cool? What do you guys think? To me, it’s like seeing someone in a super fancy sports car. Pretty cool to see in the wild, but it always leaves me wondering if the car is compensating for some strange insecurities. Is this Manhattan developer building in Denver because no one is nice to him in New York? IS THIS THE NEXT REPUBLICAN PRESIDENTIAL CANDIDATE?! [Denver Post]

 

 

 

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