Wednesday, August 29, 2012

A NEW ANGLE ON WALMART SUPERCENTERS

News about Legend Retail Group's listing and client...

"It will look different from any of our other stores in Denver or Colorado.”
By John Mossman The Denver Post
 
The design of the proposed Walmart in the 9th-and-Colorado project will be a compromise between the developer’s upscale rendering and newer Walmarts being built in other urban areas, company officials said.    “I think it will look somewhere between the developer’s rendering and a store that obviously has our branding and at least a hint of our architectural signature,” said Josh Phair, Walmart’s public-affairs representative in Colorado. “It will look different from any of our other stores in Denver or Colorado.”    The proposed store will be similar to urban stores the company is building in Washington, D.C., and Chicago — “stores that look nothing like a suburban Walmart,” Phair said. He added: “It’s really dictated by the design guidelines for the project. In essence, the neighborhood has kind of built the store for us on the exterior.”     

Developer Jeff Fuqua’s plan to have a Walmart as the anchor of the $180 million, 28-acre redevelopment project has inflamed neighborhood critics. They say having a Walmart as the anchor of the project — on the old University of Colorado Hospital site — will destroy their middle-class neighborhood; increase crime, traffic and noise; and hurt small, local businesses. They also abhor Walmart’s labor and employment practices. Those sentiments have been expressed at various community meetings, most recently Wednesday night. Fuqua says the project can’t go forward without Walmart, a large sales-tax generator that is the only major retailer to agree to the stringent design standards.    The Walmart will have underground parking, with limited surface parking, and will blend in with the rest of the project, with no hint of the big-box look of most of its stores, officials say. “You could probably drive by on Colorado Boulevard and not know that is a retail store,” Fuqua said.

Walmart officials also said they’re still studying whether the store will be a 24-hour operation, pending a security analysis and community feedback, although the company’s “default” position is for round-the-clock hours.

Delia Garcia, media director for Walmart West, told The Denver Post that the store will be a Supercenter, despite its size of 119,000 square feet — modest by Walmart standards. “Supercenter refers to product mix, not size,” she said Thursday. “Everybody thinks it means super-sized, but it doesn’t. What it really means is you can have electronics and apparel and all those departments as well as a grocery. It’s about one-stop shopping convenience. There are some Supercenters that are 100,000 square feet and some that are 230,000 square feet.” Phair said the Supercenter will have sustainable features, including reduced greenhouse-gas emissions, low-flow water fixtures and energy-efficient heating, ventilation and air-conditioning systems. Not planned are a tire and lube center, garden center, drive-through pharmacy, gun sales or liquor sales, except for 3.2 beer, Phair said.


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By John Mossman: 303-954-1479, jmossman@denverpost.com

Friday, August 17, 2012

Downtown Office Depot To Be Transformed Into Mixed-Use Development


By John Mossman
The Denver Post

The downtown property that currently houses Office Depot at the corner of 16th and Market streets will be transformed into a new 10-story mixed-use development called 16M.

It will offer office space, street-level retail and restaurant amenities and, on the upper floors, residential units.

Completion of the project — which is being developed by Integrated Properties Inc. along with Elevation Group and Sage Hospitality — is planned for early 2014.

The project, which has been approved by the Lower Downtown Design Review Board, includes residential rental units, 130,000 square feet of office space, 15,000 square feet of retail space, a rooftop fitness center and outdoor terrace, and three levels of underground parking with direct access to all floors.

"We're very excited about the momentum in the LoDo district and are confident 16M's visibility and easy accessibility for both tenants and residents will exemplify the mixed-use, work-live-play vitality of the district," said Bruce Deifik of Integrated Properties.

"Easily accessible urban locations have become more attractive as fuel costs remain high and as companies attempt to boost recruitment efforts by providing greater convenience to employees."

Jamie Gard — executive managing director of Denver-based Newmark Knight Frank Frederick Ross, which is the leasing and marketing agent for the project — said the Office Depot will be demolished to make way for the development.

The street level likely will be all restaurants, Gard said. "Anything from high-end, white-tablecloth to fast casual," he said, "and the hope is to have a blend. We're talking to a bunch of people."

Floors two through six will be offices, and 43 rental units will occupy floors seven through 10.

The project initially was proposed as a 180-room W Hotel with 56 condominiums on top.

The design review board sent the developers back to the drawing board in March, asking the architecture firm Gensler to modify the plan to remove rooftop functions that violate height limitations, break up the mass of the facade along Market Street, integrate the architecture of the residential portion with the office portion, and emphasize the corner of the building.

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