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Cherry Creek North
2011 ULI Award for Excellence
In 2008, the Cherry Creek North Business Improvement District (CCNBID) in central Denver undertook the first major renovation of the 16-block area in 20 years. The CCNBID, one of the most popular mixed-use retail destinations in the City, became the first Colorado business improvement district to issue its own bonds when it sold $18.5 million in debt to finance the project. “The New North” project included improvements to landscaping to beautify the area and conserve water, new pedestrian lighting to enhance nighttime safety and ambiance, a new system of wayfinding and identity including a new visual identity for the district, improved parking with SmartMeters, stations for Denver’s new bike sharing program , 20 “Art Garden Places” that promote dwell time among shoppers, and improved event infrastructure to better host the Cherry Creek Arts Festival and other events. The formerly pedestrian-only Fillmore Plaza will open to vehicles part time, supporting retail, and close for events, enhancing community activity. The market has already responded with higher sales and increased leasing activity.
Maximum allowance: 10 lines, approximately 160 words
Actual count: 9.25 lines, 162 words/
Basis for Project Receiving an Award
1. First re-design in 20 years for a vital retail district and tourist destination in a high-value neighborhood.
2. Comprehensive constituent and stakeholder involvement for a high-profile, potentially controversial project.
3. Entirely organized, funded and managed by the BID and its consultants, unlike city-run effort 20 years ago.
4. First Colorado BID to issue general obligation bonds – rated A+ by Standard and Poor’s in a very difficult market.
5. Increase in sales revenue by 10%, year-over-year, in the first year – three points higher than city.
Maximum allowance: 5 lines total
Status of the Project
Percentage complete: 97.2%
Additional phases: 1
The sales tax figures for 2010 showed an increase of 10% year-over-year, versus 7% for the city as a whole – the first indication that sales revenue will increase with property value and reward the district members. In 2008 and 2009, the BID’s bonds sold remarkably well in an unprecedented recession proving the market’s belief that the streetscape renovation would help the district survive and thrive. Well established locally-owned retailers (70% of 2/16/2011 FINAL
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the district) are joined by national brands like West Elm, Hermes, Crate and Barrel, JW Marriott, Janus, Charles Schwab, Houston’s and Whole Foods to create diversity. Leasing activity is up – retail vacancy declined by 2% over last year – especially along Fillmore Plaza, with two new restaurants in an area where food service has struggled.
Maximum allowance: 7 lines total
Client/Owner: Cherry Creek North Business Improvement District
Program Manager: Nolte Associates, Inc.
Design Team Leader, Urban Design and Landscape Architect: Design Workshop, Denver, CO
Signing, Identity, Special Features and Light Fixtures: Communication Arts/Stantec, Boulder, CO
Lighting Design: Patrick B. Quigley Associates, Torrance, CA
Civil Engineering: JVA, Inc., Boulder, CO
Structural Engineering: Monroe & Newell Engineers, Inc., Denver, CO and Martin/Martin, Lakewood, CO
Electrical Engineering: Scanlon Szynskie Group, Inc., Aurora, CO
Irrigation Design: HydroSystems, Inc., Lakewood, CO
Traffic Consultant: Fehr & Peers, Denver, CO
Parking Consultant: Desman Associates, Chicago, IL
Site Size: 16 blocks (26 acres)
Office Space: 1.3 million square feet with 11,000 employees
Retail/restaurant/entertainment space: 1 million square feet
Hotel rooms: 230 rooms
Civic: Public library branch
Residential Units (multi-family): 75 units
Parking spaces (on-street): 575 spaces
Open spaces: Triangle Park, Manley Park, Gart Plaza and Fillmore Plaza
Land Use Plan
Building area: 1,250,494 SF
Streets/surface parking: 1,088,810 SF
Open Space: 63,702 SF
Total: 2,403,006 SF 2/16/2011 FINAL
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Previous Land Use
Same, with the distinction that the landscape was transformed to create more hardscape in places for pedestrian convenience (e.g. step out strips along the curb), and that the plant material was shifted from irrigation-intensive turf to water-wise landscape materials. In addition, a formerly pedestrian-only plaza was converted into a hybrid street/plaza that allows some traffic and parking at times and is closed for events at others.
Land Uses in the Project
Retail, restaurant, office, entertainment, hotel, residential, civic, park, structured parking, surface parking and plazas.
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