Denver, CO, UNITED STATES
Report Summary:
Thirty years ago, Southwest Denver’s South Sheridan Commercial Corridor was a bustling commercial node with retail, entertainment, restaurants, groceries, recreation, and services. Over time, it hosted a movie theater, a skating rink, a grocery store, and a Target, all of which were popular with locals, but have since disappeared. When the 110,500-square-foot Target store closed, the company included a standard 20-year “no compete” clause in the deed and sold its 13-acre parcel to a California investor, who opened a 99-cent store. The 64-acre site houses 37 irregularly shaped lots ranging from less than 6,000 square feet to 13 acres, with ownerships both local and out of state, and uses that range from a couple of small restaurants to under-performing retail, and swaths of vacant parking lots. The City of Denver was not be able to start a neighborhood planning process in Southwest Denver for at least two years, but the community vision is for a walkable mixed use revitalization that provides local entrepreneurs with the opportunity to open neighborhood-serving businesses and services, as well as home-ownership opportunities. Councilman Kevin Flynn sponsored this Technical Advisory Panel (TAP) to provide recommendations on how to move forward on the site, which may be the perfect place to demonstrate how to retrofit an auto-oriented suburban corridor into a more sustainable, neighborhood-oriented community gathering place.

Report Summary: Thirty years ago, Southwest Denver’s South Sheridan Commercial Corridor was a bustling commercial node with retail, entertainment, restaurants, groceries, recreation, and services. Over time, it hosted a movie theater, a skating rink, a grocery store, and a Target, all of which were popular with locals, but have since disappeared. When the 110,500-square-foot Target store closed, the company included a standard 20-year “no compete” clause in the deed and sold its 13-acre parcel to a California investor, who opened a 99-cent store. The 64-acre site houses 37 irregularly shaped lots ranging from less than 6,000 square feet to 13 acres, with ownerships both local and out of state, and uses that range from a couple of small restaurants to under-performing retail, and swaths of vacant parking lots. The City of Denver was not be able to start a neighborhood planning process in Southwest Denver for at least two years, but the community vision is for a walkable mixed use revitalization that provides local entrepreneurs with the opportunity to open neighborhood-serving businesses and services, as well as home-ownership opportunities. Councilman Kevin Flynn sponsored this Technical Advisory Panel (TAP) to provide recommendations on how to move forward on the site, which may be the perfect place to demonstrate how to retrofit an auto-oriented suburban corridor into a more sustainable, neighborhood-oriented community gathering place.

RELATED
Webinar

ULI & PwC Emerging Trends in Real Estate® Global Report Panel Discussion – Young Leaders’ Perspective

How can young professionals navigate the current market uncertainties and emerge stronger? What innovative approaches are emerging to address the shifting dynamics of real estate investment in an increasingly digital world?
Report

Making Multigenerational Communities Happen

Making Multigenerational Communities Happen shares information for real estate developers, city leaders, community groups, and others related to the need to meet the demand for housing units that effectively serve multigenerational households.
Report

Housing Innovation Series: Travel Trailers as a Housing Option

Conventional travel trailers offer significant potential as suitable, ultra-low cost, mobile housing. This report explores the advantages, obstacles, and alternative variations of leveraging conventional travel trailers to address deeply affordable h...
Topics
Market Trends
District & National Councils
ULI Colorado