Page 10 —
COLORADO REAL ESTATE JOURNAL
— December 2-December 15, 2015
Colorado’s Leader in
I NTEGRATED REAL ESTATE SOLUT I ONS
Canyon Place
Class A Innovative Workspace
Fuse on Harmony
Class A Office Building
Drive II
Collaborative Class A Office
Greater Denver
by Jill Jamieson-Nichols
A landscape design and
construction company will
relocate to a one-of-a-kind
building on 2.7 acres in the
Golden area.
Environmental Landworks
Company Inc. paid $1.78 million,
or approximately $170 per square
foot, for the 10,440-sf building at
17173 Mount Vernon Road.
“It was a fairly interesting
building,” said Esther Kettering,
senior
vice
president at
Cushman &
Wa k e f i e l d .
About
60
percent
of
the building
p r e v i ou s l y
served as an
event center,
while
the
remainder has
two drive-in bays for recreational
vehicle maintenance and repair.
The building incorporates
geothermal heating and cooling,
so, “Their monthly bill was
impressively low,” Kettering said.
There are 125 trees on the
property, which has a large,
fenced yard area and a 9,000-sf
private garden.
Located in unincorporated
Jefferson County, the site had a
planned unit development that
allowed for outside RV storage.
“We had to go in and get that
converted to truck storage for
Environmental Landworks,”
said Kettering, explaining
that required a minor PUD
amendment.
The yard area sits behind the
building and isn’t visible from
the street.
Environmental Landworks
will relocate to the property from
Wheat Ridge.
“It’s a dynamite location for a
business such as theirs because
they have access to a conflu-
ence of highways: I-70, C-470,
Colfax, Sixth Avenue and 93,”
said Kettering.
Kettering and Terry Mat-
thews of Cushman &Wakefield
represented the sellers, Thomas
and Brenda Major. Rick Giar-
ratano and Mike Lindquist of
Fairbairn Commercial Inc. rep-
resented the buyer.
Correction
n
A press release provided
to CREJ regarding BMC Invest-
ments’ planned “micro-hotel” at
240 Josephine St. in Cherry Creek
misstated the name of the project
architect.
Johnson Nathan Stro-
he
is designing the hotel, which
was featured in a Nov. 18-Dec. 1
article.
s
Environmental Landworks Company Inc. will occupy the building at 17173 Mount Vernon Road in Golden.
Esther Kettering
the Planning Commission for
review.
“It is my hope that by start-
ing the TIF clocks in each of
these plan areas, we can remove
another hurdle from the devel-
opment process.
“The passage of 300 may mean
developers seeking more than
$2.5 million in tax-increment
financing on a particular proj-
ect or even a phase of a project
may need to be more creative
and flexible when developing in
Wheat Ridge.”
For example, developers could
make a request for tax-increment
financing of $2.4 million each.
“Those projects would still
require a vote of City Council,
but not require a vote of the
people,” Urban said.
“For those projects seeking
greater than $2.5 million, my
experience withWheat Ridge vot-
ers is that if you give them a fair
offer and a smart proposal, the
results will be favorable,” he said.
The redevelopment plan for
the site calls for a 40,000-square-
foot Neighborhood Market,
which is the stand-alone grocery
store concept byWalmart, anoth-
er 40,000 sf of retail space and 37
housing units.
The vote sparked the drive to
place the measure on the ballot.
Following the council vote, red
anti-Walmart signs began pop-
ping up like dandelions through-
out Wheat Ridge.
Last month, 4,998 voted in
favor of Resolution 300 and 4,633
voted no. The 365 vote margin in
favor meant it passed with less
than a 3 percentage point margin
– 51.89 percent to 48.11 percent.
Those in favor of Resolution
300 based it on these three bullet
points, according to a group that
organized to support it:
• It gives our community, our
citizens, the right to vote on
urban renewal plans that contain
(tax-increment financing greater
than $2.5 million);
• It promotes smart develop-
ment by giving citizens a voice in
the future of our community and
its development;
•And it provides accountabil-
ity and transparency with regard
to how our tax dollars are spent
by an unelected board.
Those who opposed it, includ-
ing a number of prominent
developers in Denver, had quite
a different take.
“The successful redevelop-
ment of the old Stapleton airport
would not have been possible
